4830 E Washington St Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,795/month
About This Home
This recently updated quadplex in Indianapolis presents a prime investment opportunity with strong rental potential. Each of the four units has been modernized with contemporary finishes, updated kitchens and bathrooms, making the property move-in ready and low-maintenance. Located in a rapidly developing area with easy access to downtown, major employers, and local amenities, this property is perfectly positioned to attract reliable tenants and generate steady cash flow. Whether you're a seasoned investor or just starting out, this turnkey asset offers both immediate income and long-term value in one of Indianapolis's most promising neighborhoods. Units 2, 3 & 4 are tenant occupied. Unit 2 pays $700 base rent plus a $150 utility addendum. Unit 4 pays $1050 base rent + $225 utility addendum. Unit 3 pays $700 base rent plus a $150 utility addendum. Unit 1 is currently vacant with an approved applicant moving in 8/15 that will be paying $700/month + $150 utility addendum.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,410
Year Built
- Built in 1912
Home Design
- Brick Exterior Construction
- Stone Foundation
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Additional Features
- 2-Story Property
- 3,703 Sq Ft Lot
- Basement
Community Details
- Moores Sub Blankenship Subdivision
Listing and Financial Details
- Tax Lot 491004103010000101
- Assessor Parcel Number 491004103010000101
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $3,566 | $139,000 | $17,000 | $122,000 |
| 2023 | $3,566 | $142,600 | $17,000 | $125,600 |
| 2022 | $3,591 | $144,400 | $17,000 | $127,400 |
| 2021 | $3,089 | $126,100 | $17,000 | $109,100 |
| 2020 | $2,742 | $110,700 | $5,900 | $104,800 |
| 2019 | $2,450 | $96,300 | $5,900 | $90,400 |
| 2018 | $2,183 | $84,300 | $5,900 | $78,400 |
| 2017 | $3,392 | $80,000 | $5,900 | $74,100 |
| 2016 | $1,410 | $59,600 | $5,900 | $53,700 |
| 2014 | $1,204 | $55,700 | $5,900 | $49,800 |
| 2013 | -- | $51,700 | $5,900 | $45,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Pending | -- | -- | -- |
| 08/15/2025 08/15/25 | For Sale | $285,000 | 0.0% | -- |
| 07/26/2025 07/26/25 | Pending | -- | -- | -- |
| 07/23/2025 07/23/25 | Price Changed | $285,000 | -3.4% | -- |
| 06/27/2025 06/27/25 | For Sale | $295,000 | 0.0% | -- |
| 06/17/2025 06/17/25 | Off Market | $295,000 | -- | -- |
| 06/17/2025 06/17/25 | Pending | -- | -- | -- |
| 06/17/2025 06/17/25 | For Sale | $295,000 | +75.6% | -- |
| 01/07/2022 01/07/22 | Sold | $168,000 | -21.9% | $58 / Sq Ft |
| 12/22/2021 12/22/21 | Pending | -- | -- | -- |
| 09/27/2021 09/27/21 | For Sale | $215,000 | -- | $74 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Shambaugh Kast Beck & Williams | |
| Warranty Deed | -- | Shambaugh Kast Beck & Williams | |
| Warranty Deed | $168,000 | Shambaugh Kast Beck & Williams | |
| Warranty Deed | $115,000 | Monument Title | |
| Deed | $90,000 | -- | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $75,000 | New Conventional | |
| Previous Owner | $110,000 | Purchase Money Mortgage |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22044613
APN: 49-10-04-103-010.000-101
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
- 21 Wallace Ave
- 4814 E New York St
- 4715 E New York St
- 21 N Drexel Ave
- 41 N Drexel Ave
- 68 Jenny Ln
- 5106 E Pleasant Run Parkway Dr N
- 405 N Drexel Ave
- 5110 E Pleasant Run Parkway Dr N
- 4923 E University Ave
- 5143 E Pleasant Run Parkway South Dr
- 312 N Linwood Ave
- 5009 E Michigan St
- 501 N Dequincy St
- 33 S Euclid Ave
- 5119 Norway Dr
- 307 N Euclid Ave
- 211 S Emerson Ave
- 5021 E University Ave
- 25 S Spencer Ave