$350,000
$10K PRICE DROP

Estimated payment $2,437/month

Total Views 679
5 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Fantastic investment opportunity in the heart of downtown Indianapolis! This fully updated triplex at 1920 E. Washington Street offers immediate cash flow with additional upside potential. The property features a spacious 3-bedroom, 1.5-bath unit currently rented for $1,500 per month, an upstairs 1-bedroom, 1-bath unit leased for $925 per month, and a studio unit at 1922 that is currently vacant and rental-ready, providing an opportunity for increased income. Each unit has been refreshed with updated bathrooms, new flooring, and fresh paint, making this a low-maintenance addition to any portfolio. Tenants will appreciate the convenient downtown location with easy access to restaurants, entertainment, and employment centers. With strong existing rents, a vacant unit ready for occupancy, and room for future rent increases, this property presents an excellent opportunity for investors seeking both current income and long-term appreciation. Whether you're expanding your portfolio or looking for a turnkey multifamily investment, this Indianapolis triplex is one you won't want to miss.

Listing Agent

Craig Greenwood

Trueblood Real Estate Brokerage Email: cgreenwood@truebloodre.com License #RB19001335 Listed on: 06/18/2026

Trueblood Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,556

Year Built

  • Built in 1915

Home Design

  • Triplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • 2-Story Property
  • 3,824 Sq Ft Lot
  • Basement

Community Details

  • 110 E Washington Subdivision

Listing and Financial Details

  • Tax Lot https://hotplatemedia.aryeo.com/sites/1922-e-washington-st-indianapolis-in-46201-25823952/branded
  • Assessor Parcel Number 491006159107000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,556

Year Built

Built in 1915

Lot Details

3,824 Sq Ft Lot

Listing Details

  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1915
  • Lot Size Acres: 0.09
  • Subdivision Name: 110 E Washington
  • Transaction Type: Sale
  • Website: https://hotplatemedia.aryeo.com/sites/1922-e-washington-st-indianapolis-in-46201-25823952/branded
  • Conversion: Yes
  • Attribution Contact: cgreenwood@truebloodre.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Levels: Two
  • Total Bathrooms: 4
  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt
  • Road Access: Street Cuts

Utilities

  • Solid Waste: No

Lot Info

  • Current Use: Apt<20
  • Lot Size Sq Ft: 3824
  • Parcel Number: 491006159107000101
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 6556
  • Tax Lot: https://hotplatemedia.aryeo.com/sites/1922-e-washington-st-indianapolis-in-46201-25823952/branded
  • Semi Annual Property Tax Amt: 3278

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,973 $247,500 $5,300 $242,200
2024 $4,104 $276,300 $5,300 $271,000
2023 $4,104 $166,600 $2,700 $163,900
2022 $3,231 $130,500 $2,700 $127,800
2021 $2,822 $115,900 $2,400 $113,500
2020 $1,397 $54,000 $2,400 $51,600
2019 $1,365 $51,700 $2,400 $49,300
2018 $1,374 $51,700 $2,400 $49,300
2017 $1,196 $49,700 $2,400 $47,300
2016 $1,116 $47,000 $2,400 $44,600
2014 $1,010 $46,700 $2,400 $44,300
2013 $971 $46,700 $2,400 $44,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2026 07/08/26 Price Changed $350,000 -2.8% --
06/18/2026 06/18/26 For Sale $360,000 +34.6% --
03/14/2025 03/14/25 Sold $267,500 -12.3% -- View Prior Sale
01/06/2025 01/06/25 Pending -- -- --
12/10/2024 12/10/24 Price Changed $305,000 -4.4% --
12/08/2024 12/08/24 For Sale $319,000 0.0% --
11/05/2024 11/05/24 Pending -- -- --
10/16/2024 10/16/24 Price Changed $319,000 -3.0% --
10/04/2024 10/04/24 For Sale $329,000 +50.2% --
06/12/2020 06/12/20 Sold $219,000 0.0% $84 / Sq Ft View Prior Sale
06/12/2020 06/12/20 Sold $219,000 -8.4% -- View Prior Sale
04/30/2020 04/30/20 Pending -- -- --
04/30/2020 04/30/20 Price Changed $239,000 0.0% $92 / Sq Ft
04/30/2020 04/30/20 Pending -- -- --
04/30/2020 04/30/20 Price Changed $239,000 -2.4% --
03/26/2020 03/26/20 Price Changed $245,000 0.0% $95 / Sq Ft
03/26/2020 03/26/20 Price Changed $245,000 -3.9% --
10/19/2019 10/19/19 For Sale $255,000 0.0% --
10/19/2019 10/19/19 For Sale $255,000 +16.4% $98 / Sq Ft
08/14/2019 08/14/19 Off Market $219,000 -- --
08/14/2019 08/14/19 Pending -- -- --
07/15/2019 07/15/19 For Sale $255,000 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- Enterprise Title
Warranty Deed -- Investors Title
Deed $219,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $200,625 New Conventional
Closed $5,000,000 New Conventional
Closed $224,250 New Conventional
Closed $164,250 New Conventional
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22107400

MIBOR Broker Listing Cooperative®

APN: 49-10-06-159-107.000-101

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