2209 E New York Street, Indianapolis, IN 46201
- $290,000
- Sold Price
- $290,000
- List Price
- $290,000
- Closing Date
- Dec 23, 2025
- MLS#
- 22069409
- Days on Market
- 63
- Status
- SOLD
Property Description
Welcome to 2209 E New York Turn-key cash flow in the heart of Indy! This income-producing 4-unit property offers opportunity to bringing in approx. $3,300/month when fully occupied, exceeding the coveted 1% rule and offering instant return from day one. All tenants are month-to-month, giving a buyer immediate flexibility whether to continue cash-flowing or reposition rents for even greater returns. Each unit is separately metered, and tenants pay their own utilities, keeping operating expenses low. Unit 2209B already features an in-unit washer/dryer, and there is potential to add laundry hookups to the remaining three units a simple value-add play to bump rents even higher. Perfect for new or seasoned investors alike a rare opportunity to own a stabilized, cash-flowing asset with built-in upside in Indianapolis.
Additional Information
- Tenant Pays
- All Utilities
- Foundation
- Full, Block
- Stories
- Multi/Split
- Architecture
- Split Level
- Acres
- 0.06
- Heat
- Forced Air
- Financing
- Conventional
- Region
- Center
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Listing courtesy of BLK Key Realty. Selling Office: Keller Williams Indpls Metro N.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative