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398 W 47th St 2 Unit Apartment Building Offered at $1,050,000 Indianapolis, IN 46208
EXECUTIVE SUMMARY
Prime Student Rentals on Butler’s Campus – Indianapolis, Indiana
Exclusive Opportunity to own two exceptional properties with a proven rental history, located just steps from Butler University. Perfect for investors or student families seeking convenient, high-demand housing options.
368 W 47th Street
Rental Status: Rented at $4,400/month through July 2027
Build Year: 2020 (New construction)
7 Bedrooms and 3.5 Bathrooms
Features: Upstairs kitchenette, off-street parking
Highlights: Modern, recently built property with spacious layout and high rental income, ideal for large groups or multiple tenants.
398 W 47th Street
Rental Status: Rented at $4,200/month through July 2026
6 Bedrooms / 2 Bathrooms
Features: Basement kitchenette, off-street parking, large fenced-in courtyard
Highlights: Robust rental history, perfect for student families or multiple occupants desiring outdoor space and privacy.
Rental Summary:
Both properties are situated within walking distance to Butler University, offering excellent rental returns and strong tenant demand. Each home boasts unique amenities catered to student living, ensuring consistent occupancy and excellent cash flow.
For more details or to schedule a viewing, contact us today!
Exclusive Opportunity to own two exceptional properties with a proven rental history, located just steps from Butler University. Perfect for investors or student families seeking convenient, high-demand housing options.
368 W 47th Street
Rental Status: Rented at $4,400/month through July 2027
Build Year: 2020 (New construction)
7 Bedrooms and 3.5 Bathrooms
Features: Upstairs kitchenette, off-street parking
Highlights: Modern, recently built property with spacious layout and high rental income, ideal for large groups or multiple tenants.
398 W 47th Street
Rental Status: Rented at $4,200/month through July 2026
6 Bedrooms / 2 Bathrooms
Features: Basement kitchenette, off-street parking, large fenced-in courtyard
Highlights: Robust rental history, perfect for student families or multiple occupants desiring outdoor space and privacy.
Rental Summary:
Both properties are situated within walking distance to Butler University, offering excellent rental returns and strong tenant demand. Each home boasts unique amenities catered to student living, ensuring consistent occupancy and excellent cash flow.
For more details or to schedule a viewing, contact us today!
PROPERTY FACTS
| Price | $1,050,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $525,000 | Building Size | 2,700 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 1 |
| No. Units | 2 | Year Built/Renovated | 1924/2020 |
| Property Type | Multifamily |
| Price | $1,050,000 |
| Price Per Unit | $525,000 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 2,700 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1924/2020 |
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398 W 47th St
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