Skip To Content

2623 E Michigan Street

Indianapolis, IN 46201
  • $249,000
  • STATUS: Pending
  • ON SITE: 60 Days
  • MLS #: 22038426
Under Contract
$249,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

Attention all investors! Located in one of Indy's most up-and-coming corridors, 2623 East Michigan Street is surrounded by revitalization, new development, and long-term growth potential. This quadplex, featuring four 1 bed / 1 bath units, sits in a prime location that makes it a standout opportunity for strategic investors. The property is zoned for multifamily use, with special zoning that allows you the potential to add a fifth unit-unlocking even more value. A detached garage out back adds convenience and potential for additional income or parking flexibility. Whether you're new to the game or a seasoned investor, this is the perfect chance to execute the BRRRR strategy-Buy, Rehab, Rent, Refinance, Repeat. With cosmetic updates still needed, this is your opportunity to force appreciation and turn this into a strong, cash-flowing asset. Don't miss out on a quadplex with this much upside in one of Indy's hottest redevelopment zones.

Monthly Payment Calculator



© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.

Based on information submitted to the MLS GRID as of 2025-07-13T00:26:21.17. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.mikepricerealestate.com/homes/163757524
Print Image

2623 E Michigan Street Indianapolis, IN 46201

  • Price: $249,000
  • Status: Pending
  • On Site: 60 Days
  • MLS #: 22038426
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1900
Built
Neighborhood:
Saint Clairs
County:
Marion
Area:
4910 - Marion - Center
School District:
Indianapolis Public Schools
Property Description
Attention all investors! Located in one of Indy's most up-and-coming corridors, 2623 East Michigan Street is surrounded by revitalization, new development, and long-term growth potential. This quadplex, featuring four 1 bed / 1 bath units, sits in a prime location that makes it a standout opportunity for strategic investors. The property is zoned for multifamily use, with special zoning that allows you the potential to add a fifth unit-unlocking even more value. A detached garage out back adds convenience and potential for additional income or parking flexibility. Whether you're new to the game or a seasoned investor, this is the perfect chance to execute the BRRRR strategy-Buy, Rehab, Rent, Refinance, Repeat. With cosmetic updates still needed, this is your opportunity to force appreciation and turn this into a strong, cash-flowing asset. Don't miss out on a quadplex with this much upside in one of Indy's hottest redevelopment zones.
Exterior Features

Levels Two Parking Features Alley AccessDetached Road Access Access RdSee Remarks Road Frontage Type City Street Unit Parking Parking Garage View YN No Waterfront YN No

Property Features

Acres <1/4 Acre Current Financing ConventionalOther Current Use Multi-FamilySee Remarks Dpr YN Yes Expenses 0 Green Certification YN No New Construction YN No Number Of Units Total 4 Possession Closing Property Condition Fixer Property Sub Type Fourplex Semi Annual Property Tax Amt 463 Solid Waste No Special Listing Conditions As IsFixer Upper Tax Year 2024 Township Center Transaction Type Sale

Listing provided courtesy of eXp Realty, LLC: jacob@livindyrealty.com. © 2025 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.

Based on information submitted to the MLS GRID as of 2025-07-13T00:26:21.17. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
https://bt-photos.global.ssl.fastly.net/indy/1280_boomver_1_22038426-1.jpg https://bt-photos.global.ssl.fastly.net/indy/1280_boomver_1_22038426-1.jpg https://bt-photos.global.ssl.fastly.net/indy/1280_boomver_1_22038426-1.jpg
Logo
Mike Price Realty Team - RE/MAX Centerstone
3930 Clarks Creek Road
Plainfield IN, 46168