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5819 E Washington St 14 Unit Apartment Building $1,075,000 ($76,786/Unit) Indianapolis, IN 46219
Executive Summary
Irvington Studio is located in the heart of Irvington, one of
Indianapolis’ most established east-side neighborhoods. The
property comprises approximately 10,149 square feet situated on a
±0.25-acre site.
The asset consists of 14 total units, including thirteen (13) studio
apartments and one (1) one-bedroom unit, offering an efficient and
in-demand unit mix well suited to the submarket. Additionally, there
is limited comparable supply of similarly sized multifamily
properties within Irvington, supporting long-term demand.
The location provides convenient access to local retail, dining, and
neighborhood amenities, along with close proximity to Downtown
Indianapolis and major employment centers.
Indianapolis’ most established east-side neighborhoods. The
property comprises approximately 10,149 square feet situated on a
±0.25-acre site.
The asset consists of 14 total units, including thirteen (13) studio
apartments and one (1) one-bedroom unit, offering an efficient and
in-demand unit mix well suited to the submarket. Additionally, there
is limited comparable supply of similarly sized multifamily
properties within Irvington, supporting long-term demand.
The location provides convenient access to local retail, dining, and
neighborhood amenities, along with close proximity to Downtown
Indianapolis and major employment centers.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,075,000 | Apartment Style | Low-Rise |
| Price Per Unit | $76,786 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| No. Units | 14 | Building Size | 10,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1924 |
| Zoning | ZO01 - Commerical | ||
| Price | $1,075,000 |
| Price Per Unit | $76,786 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 10,000 SF |
| No. Stories | 3 |
| Year Built | 1924 |
| Zoning | ZO01 - Commerical |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 49-10-03-206-003.000-701 | Improvements Assessment | $456,700 |
| Land Assessment | $11,800 | Total Assessment | $468,500 |
Property Taxes
Parcel Number
49-10-03-206-003.000-701
Land Assessment
$11,800
Improvements Assessment
$456,700
Total Assessment
$468,500
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5819 E Washington St
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