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Listed by Mark Jones • PMI Midwest
$ 399,900
Est. payment /mo
New
522-524 W 23rd ST Indianapolis, IN 46208
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Graceland Park
MLS Listing ID 22121005
Year Built 1910
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Quadruplex
Property Description
Add a strong, income-producing property to your portfolio with this four-unit multifamily property near Downtown Indianapolis. Each unit offers a functional 2-bedroom, 1-bathroom layout, providing a desirable rental configuration with broad tenant appeal. With three of the four units currently occupied and just one vacancy, this property offers immediate rental income while still giving a new owner the opportunity to lease the remaining unit and increase overall performance. Located just north of Downtown Indianapolis, the property provides convenient access to IUPUI/IU Indianapolis, Methodist Hospital, downtown employers, restaurants, entertainment, and major commuter routes. Its central location and proximity to some of Indy's growing urban neighborhoods make it an attractive option for renters and investors alike. Whether you're looking to expand an existing portfolio or add a multifamily property with established occupancy, 522-524 W 23rd St offers four 2-bed/1-bath units, existing rental income, and additional upside through the current vacancy.
Location
State IN
County Marion
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace N
Building
Story One
Structure Type Block,Brick
New Construction false
Schools
School District Indianapolis Public Schools
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