Irvington Studio
Multifamily | 14 Units | $67,857/unit
Marketing description
The subject property is a 14-unit, low-rise multifamily building located at 5819 East Washington Street in the Irvington submarket of Indianapolis. The property consists of approximately 10,000 square feet situated on ±0.25 acres and includes thirtee (13) studio units and one (1) one-bedroom units. Constructed in 1924, the building is a pre-war brick and masonry asset that has been well maintained.
Discover the vibrant surroundings of this prime location in Irvington. Situated in a bustling neighborhood, the area offers residents a dynamic urban lifestyle with a wide array of conveniences close at hand. Enjoy easy access to popular dining destinations, including the renowned Jockamo Upper Crust Pizza and The Legend Classic Irvington Café.
Irvington Studio is located in the heart of Irvington, one of Indianapolis’ most established east-side neighborhoods. The property comprises approximately 10,149 square feet situated on a ±0.25-acre site.
The asset consists of 14 total units, including thirteen (13) studio apartments and one (1) one-bedroom unit, offering an efficient and in-demand unit mix well suited to the submarket. Additionally, there is limited comparable supply of similarly sized multifamily properties within Irvington, supporting long-term demand.
The location provides convenient access to local retail, dining, and neighborhood amenities, along with close proximity to Downtown Indianapolis and major employment centers.
Investment highlights
- 14-Unit Multifamily Asset consisting of 13 studios and 1 one-bedroom units
- Historic Pre-War Construction (1924) with brick and masonry exterior
- Approximately 10,000 SF on ±0.25 acres
- Located in the Core of Irvington, one of Indianapolis’ most established east-side neighborhoods
- Strong Visibility along East Washington Street (±15,600 ADT)
- Walkable, Urban Location with proximity to local retail, dining, and neighborhood amenities
- Zoning Supports Current Use (C-4 & D-5) with flexibility for small-scale, walkable residential formats
- Close Proximity to Downtown Indianapolis and major employment centers
- Limited Comparable Supply of similarly sized multifamily assets in Irvington
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