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636 E 37th St 8 Unit Apartment Building $450,000 ($56,250/Unit) Indianapolis, IN 46205
Executive Summary
Discover the inviting multi-family residence located at 634 E 37th ST, Indianapolis, IN. This ready-to-move-in property offers a unique opportunity to own a piece of Indianapolis history. The living room offers a warm and welcoming atmosphere, complete with a fireplace that promises cozy evenings and crown molding that adds a touch of elegance to the space. Imagine gathering here, enjoying the ambiance created by the firelight and the refined details of the room. The kitchen is equipped with shaker cabinets, offering a blend of classic design and practical storage. This space provides a functional area for preparing meals and creating culinary delights. This 3006 square feet lot, two-story quadruplex, built in 1920, presents a unique chance to own a home with character. Property is tenant occupied. You must have an accepted offer before viewing the property.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $450,000 | Building Class | C |
| Price Per Unit | $56,250 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 5,862 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2023 |
| Apartment Style | Low-Rise | ||
| Zoning | ZO01 | ||
| Price | $450,000 |
| Price Per Unit | $56,250 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,862 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2023 |
| Zoning | ZO01 |
Amenities
- Smoke Detector
Unit Amenities
- Fireplace
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Family Room
- Freezer
- Handrails
- Smoke Free
- Large Bedrooms
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $695.00 | 732 |
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Property Taxes
| Parcel Number | 49-06-24-119-089.000-101 | Total Assessment | $170,400 (2024) |
| Land Assessment | $29,200 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $141,200 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
49-06-24-119-089.000-101
Land Assessment
$29,200 (2024)
Improvements Assessment
$141,200 (2024)
Total Assessment
$170,400 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
636 E 37th St