5334 E Washington St

Indianapolis, IN 46219

$440,000
Price
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Beds
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Baths
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per Sq. Ft.

Description

Rare 5-unit multi-family investment opportunity in the desirable Irvington area! Ideally located on Washington Street, this property has a strong history of 100% occupancy and offers excellent upside potential. Each unit features 1 bed and 1 bath, with all units remodeled and updated. All leases are month-to-month, allowing for immediate rent increases to meet market rates. Tenants pay electricity; owner covers water, sewer, and gas. Each unit offers private covered porch or deck areas, and the property...Rare 5-unit multi-family investment opportunity in the desirable Irvington area! Ideally located on Washington Street, this property has a strong history of 100% occupancy and offers excellent upside potential. Each unit features 1 bed and 1 bath, with all units remodeled and updated. All leases are month-to-month, allowing for immediate rent increases to meet market rates. Tenants pay electricity; owner covers water, sewer, and gas. Each unit offers private covered porch or deck areas, and the property provides ample private parking in the rear. Property includes two 92% gas furnaces (2018), a gas water heater (2012), and refrigerators and stoves furnished by the seller, all newer within the last 10 years. The roof and decking have durable 30-year shingles. One unit is currently vacant and available for showings. Conveniently located near shops, dining, parks, and commuter routes, this is a rare opportunity to own a well-maintained, income-producing property in a high-demand area.
  1. Listed by Patricia McCormick • Trueblood Real Estate

Property Details for 5334 East Washington Street

Architectural Style
Traditional
Subdivision Name
L C Ritters
Township
Warren
Waterfront
No
LISTING UPDATED: 10/31/2025 08:49 AM

Property Details for 5334 East Washington Street

StatusActive
MLS #22067095
Days on Market75
Taxes$4,442 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1930
Lot Size0.25 AC / 10,890 SF
CountyMarion County

Location

Listing Courtesy of Trueblood Real Estate
Add your commute

Building Information for 5334 East Washington Street

Stories-Residences5Year Built1930Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

$2,915 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,174

Property Taxes

$740

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5334 East Washington Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46219
  • Postal Code Plus4: 6478
  • Road Access: Frontage Road
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491003179001000701
  • Semi Annual Property Tax Amt: 4442
  • Tax Year: 2024
  • TaxLot: 49-10-03-179-001.000-701
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Gas, Sewer, Water
Parking
  • Garage Spaces: 4.0
Property
Lot Information
  • Acreage: 1/4-1/2 Acre
  • Current Use: Apt<20
  • Lot Description: Sidewalks, Mature Trees
  • Lot Size Square Feet: 10803.0
  • Lot Size Acres: 0.25
  • New Construction: False
  • Year Built Numeric: 1930
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: No
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: L C Ritters Sub 60Ft On Wash St X 180Ft Se Cor Ptl8
  • Photos Count: 24
  • Property Attached: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Utilities
  • Building Utilities: Sewer,Water
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
Interior Features
  • Basement YN: Yes
  • Heating: Forced Air
  • Levels: Two
  • Laundry Features: In Basement
  • Multi Baths: 5
  • Multi Beds: 5
Multi Family
Multi-Family Information
  • Total Units: 5
  • Garage Parking: Parking Lot, Unpaved
Income & Expenses
  • Expenses: 2446
  • Net Operating Income: $37,274.00
  • Gross Income: $39,720.00
Unit 1
  • Unit Kitchen: 6.6x6.6
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Kitchen: 6.11x14.10
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Kitchen: 7.7x10.4
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 4
  • Unit Kitchen: 7.7x10.4
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 5
  • Unit Kitchen: 7.8x8
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Rental
Rental Information
  • Tenant Pays: Electricity

Property History for 5334 East Washington Street

DateEvent & SourcePriceAppreciation
Oct 31, 2025

Price Change

MIBORMLS #22067095

$440,000—
Oct 10, 2025

Listed (Active)

MIBORMLS #22067095

$485,000—
DateEvent & SourcePrice
10/31/2025

Price Change

MIBORMLS #22067095

$440,000
10/10/2025

Listed (Active)

MIBORMLS #22067095

$485,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5334 East Washington Street

Taxable ValueLand$15,000Additions$359,400Total$374,400
Tax Record2024$8,884 ($740 / month)
Home Facts
Beds1Total Finished SqFt3,272 SqFtAbove Grade Finished SqFt3,272 SqFtStories2Lot Size10,803 SqFtStyleSingle Family ResidenceYear Built1930Year Renovated1970ZoningZO01CountyMARIONAPN49-10-03-179-001.000-701

Schools near 5334 East Washington Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Ralph Waldo Emerson School 58
Public - PK to 6
Christian Park School 82
Public - PK to 6
William McKinley School 39
Public - PK to 6
George W. Julian School 57
Public - PK to 8
Rating
School
Distance
Ralph Waldo Emerson School 58
PublicPK to 6

Christian Park School 82
PublicPK to 6

William McKinley School 39
PublicPK to 6

George W. Julian School 57
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5334 East Washington Street, Indianapolis, IN 46219

5334 East Washington Street is a multi-family home for sale in Indianapolis, IN 46219. This property was listed for sale on October 10, 2025 by Trueblood Real Estate, it's currently listed at $440,000. This listing's school district is Indianapolis Public Schools. Nearby schools include Ralph Waldo Emerson School 58, Christian Park School 82 and William McKinley School 39. 5334 East Washington Street is a 0-bed, 0-bath, multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Trueblood Real Estate

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/23/2025 03:04 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.