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2636 Ethel Ave
Indianapolis, IN 46208 Near NW Riverside

$280,000 USD

Multifamily For Sale  •  2,395 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 2,395 SF
  • Lot Size 0.1 AC
  • Year Built 1957
  • Cap Rate 25.00 %
  • Zoning D5
42 Transit Score
66 Walk Score

Highlights

Turnkey 46208 duplex delivering $5,850/mo rent-by-room cash flow with 100% occ, zero rehab, and strong demand near IU Health and Butler University
High-yield 9-bed setup with sober-living, Airbnb, and subsidy-program potential; D5 zoning supports multi-bed/group use for maximum rent upside
Turnkey asset with $370–400K ARV, DSCR 1.9+, and value-add boosts like sub-metering and utility bill-backs to increase NOI and long-term returns

Property Flyers

Cap Rate: 25.00 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Controlled Access
  • Security System
  • Storage Space
  • Smoke Free
  • Kitchen
  • Tub/Shower
  • Walk-In Closets
  • Yard
  • Basement
  • Family Room
  • Garden
  • Office
  • Pantry
  • Vinyl Flooring

Public Transportation

Commuter RailDriveWalkDistance
Indianapolis (Cardinal - Amtrak) 8 min - 3.4 mi
AirportDriveWalkDistance
Indianapolis International 30 min - 15.9 mi
Jamie Franklin 317-597-0457 Acquire JDF
Jamie Franklin 317-597-0457 Acquire JDF