2421 Guilford Ave
Multifamily | 4 Units | $212,500/unit
Marketing description
Situated just minutes north of Downtown Indianapolis, 2421 Guilford Avenue offers investors a rare opportunity to tap into one of the city’s most promising urban submarkets. Near Northside blends 20th-century architecture with modern infill development, benefiting from its central location and close proximity to Mass Ave, Fall Creek Place, and the expanding IU Health campus.
This area has become a magnet for both public and private reinvestment. Renovations of historic homes, new townhome and duplex infill, and city-backed initiatives are breathing new life into this legacy neighborhood. Investors are drawn to its walkability, transit access, and continued appreciation potential.
Backed by strong rental demand from healthcare professionals, students, and downtown workers, 2421 Guilford Ave is strategically positioned for long-term value and steady cash flow. With a mix of historic character and new growth energy, the Near Northside offers a compelling buy-and-hold opportunity in the path of revitalization.
Investment highlights
🏠 Stabilized 4-Unit Property in Near Northside
Unit Mix: (4) 2 Bed / 2.5 Bath Units | ~3,400 SF Total
Monthly Gross Rent: $7,364
Renovated, spacious units ideal for long-term renters
📍 Prime Urban Location
Just minutes from Downtown Indianapolis, Mass Ave, Bottleworks District
Close to IU Health’s $4.3B downtown medical campus expansion
Highly walkable, bikeable, and transit-accessible neighborhood
📈 Strong Financial Performance
Year 1 Net Operating Income: $69,857.16
Year 1 Cap Rate: 8.22%
Cash-on-Cash Return (Year 1): 10.12%
Debt Coverage Ratio: 1.44
💸 Long-Term Growth & Equity Potential
10-Year ROI Projection: 216.85%
Projected 10-Year Appreciation: $292,328.92
Consistent annual rent growth in this central infill corridor
🔒 Tenant Demand & Asset Quality
Premium floor plans with in-unit laundry and modern finishes
Appealing to young professionals, medical staff, and students
Rare 4-unit configuration in a rapidly appreciating submarket
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