1515 E Michigan ST, Indianapolis, IN 46201
1515 E Michigan ST, Indianapolis, IN 46201
1515 E Michigan ST, Indianapolis, IN 46201
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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092
Listed by Ashley Mullin • FS Houses LLC
$384,000
Est. payment /mo
6,534 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 22091061

Year Built 1910

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Quadruplex

Property Description

1515 E Michigan St is a well-maintained 5-unit multifamily investment opportunity located just minutes from downtown Indianapolis. The property sits in a strong rental corridor near Holy Cross, Arsenal Heights, Cottage Home, and the Mass Ave corridor, with continued residential and commercial development throughout the surrounding area. The front building consists of four units, with a fifth unit created from a converted garage, offering a functional and efficient unit mix attractive to long-term tenants. The current owner has consistently maintained the property during their ownership, supporting stable operations and long-term tenant retention. The property is primarily tenant-occupied with two units currently available for immediate showings, offering flexibility for investors or owner-occupants. Strong rental demand and convenient access to downtown, major thoroughfares, and neighborhood amenities support long-term performance.

Location

State IN

County Marion

Interior

Fireplace N

Building

Story Two

New Construction false

Schools

Elementary Schools Theodore Potter School 74

Middle Schools H L Harshman Middle School

High Schools Arsenal Technical High School

School District Indianapolis Public Schools

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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092

Broker RB14032222

Broker RB14032222

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1515 E Michigan ST

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