REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Ashley Mullin • FS Houses LLC
$ 384,000
Est. payment | /mo
6,534 Sqft Lot
$ 384,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22091061
Year Built 1910
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Quadruplex
Property Description
1515 E Michigan St is a well-maintained 5-unit multifamily investment opportunity located just minutes from downtown Indianapolis. The property sits in a strong rental corridor near Holy Cross, Arsenal Heights, Cottage Home, and the Mass Ave corridor, with continued residential and commercial development throughout the surrounding area. The front building consists of four units, with a fifth unit created from a converted garage, offering a functional and efficient unit mix attractive to long-term tenants. The current owner has consistently maintained the property during their ownership, supporting stable operations and long-term tenant retention. The property is primarily tenant-occupied with two units currently available for immediate showings, offering flexibility for investors or owner-occupants. Strong rental demand and convenient access to downtown, major thoroughfares, and neighborhood amenities support long-term performance.
Location
State IN
County Marion
Interior
Fireplace N
Building
Story Two
New Construction false
Schools
Elementary Schools Theodore Potter School 74
Middle Schools H L Harshman Middle School
High Schools Arsenal Technical High School
School District Indianapolis Public Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "