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Back 37 Parkview Ave
Off Market

37 Parkview Ave

Indianapolis IN 46201

2706 sq. ft.
4500 sq. ft.
Multi-Family
Last sold for $288,300
Tasheana HanzaTasheana Hanza, last sold this property on 30 September 2025 after 118 days on market.

Overview

Incredible 5-unit multifamily opportunity in Parkview, a fast-growing area surrounded by new construction and investment activity. This studio-style property offers strong in-place cash flow with four units currently occupied-rented at $750/month, $340 every two weeks (~$737/month), $675/month, and $700/month-bringing in a total of $2,862/month or $34,344/year. One unit remains available and is currently being shown while undergoing light turn work. Fully stabilized, the projected gross income is $3,750/month or $45,000/year. Owner pays all utilities-gas, electric, water, sewer, and trash-with average monthly expenses of just $588 and estimated annual expenses of $7,056. At the updated price of $305,000, projected net operating income (NOI) is $37,944, resulting in a 12.44% cap rate. With 20% down, investors can expect an estimated 28.14% cash-on-cash return, based on $17,153 in annual cash flow after debt service. The property features off-street parking and is located in a high-demand area with strong tenant interest and ongoing revitalization. With minimal overhead and clear upside for increased income, this is a turnkey opportunity with immediate returns and long-term value. No showings without an accepted offer. Please do not disturb tenants.

Features

2706 sq. ft. floor area
4500 sq. ft. lot size
Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Indianapolis over the last 12 months.

Property history for 37 Parkview Ave

2025
Sold
$288,300
30 Sep 2025 by Tasheana Hanza, of Hanza Realty, LLC
2018
Sold
$97,500
17 Oct 2018

Happy sellers in Indianapolis

92%
92% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Indianapolis over the last 12 months.

Local market activity for multi families in Indianapolis

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