1920 E Washington St

Indianapolis IN 46201

3824 sq. ft.

Duplex

Currently for sale - view listing

Overview

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.