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5222 E Washington Street, Indianapolis 5222 E Washington St 4 Unit Apartment Building $856,069 CAD ($214,017 CAD/Unit) 8.47% Cap Rate Indianapolis, IN 46219
Executive Summary
Investor Alert! Don’t miss this rare, cash-flowing group home opportunity at 5222-5224 E Washington. Currently rented with 8 private tenants paying $200 per week, this property brings in $83,200 gross rent per year with low turnover costs. The owner has a waiting list, showing just how high the demand is for units like this.
The entire property has been completely renovated down to the studs in 2024 with all new mechanicals—4 furnaces, 4 water heaters, 4 condensers, plus brand-new electrical and plumbing systems throughout. Inside, you’ll find 8 private bedrooms, 4 full kitchens, and 4 bathrooms, providing ample space for residents and smooth operations for owners.
The entire property has been completely renovated down to the studs in 2024 with all new mechanicals—4 furnaces, 4 water heaters, 4 condensers, plus brand-new electrical and plumbing systems throughout. Inside, you’ll find 8 private bedrooms, 4 full kitchens, and 4 bathrooms, providing ample space for residents and smooth operations for owners.
Property Facts
| Price | $856,069 CAD | Apartment Style | Townhome |
| Price Per Unit | $214,017 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 8.47% | Building Size | 4,670 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1940/2024 |
| Zoning | D* - Current Zoning: D-8 (Dwelling District - 8 Units Per Acre) This allows for medium-density residential use, single-family, 2-family, and/or group home. | ||
| Price | $856,069 CAD |
| Price Per Unit | $214,017 CAD |
| Sale Type | Investment |
| Cap Rate | 8.47% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 4,670 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2024 |
| Zoning | D* - Current Zoning: D-8 (Dwelling District - 8 Units Per Acre) This allows for medium-density residential use, single-family, 2-family, and/or group home. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 49-10-03-150-026.000-701 | Improvements Assessment | $495,908 CAD |
| Land Assessment | $12,684 CAD | Total Assessment | $508,591 CAD |
Property Taxes
Parcel Number
49-10-03-150-026.000-701
Land Assessment
$12,684 CAD
Improvements Assessment
$495,908 CAD
Total Assessment
$508,591 CAD
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5222 E Washington Street, Indianapolis | 5222 E Washington St
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