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$230,000
4
beds
4
baths

2623 E Michigan Street
Indianapolis, Indiana 46201

Closed / MLS #22038426 / Multiple Unit (2-4) / Near Eastside - Indianapolis
Listing information updated 9/18/2025 at 7:26am
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.
Beds Above Grade:
4
Pool:
No
Age:
125 Years
Parking Spaces:
3
Garage:
Garage - 3 Car(s)
Water Front:
No
Square Feet:
N/A
Lot Size:
0.12 Acres
Acreage:
0.12
Tax Amount:
N/A
Tax Year:
2024
Zip Code:
46201
City:
Indianapolis
County:
Marion
School District(s):
Indianapolis Public Schools
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: eXp Realty, LLC

Listing Office Phone: 888.611.3912

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/18/2025 at 7:26am. 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.

$193,103
Average Sale Price
67
Average Days On The Market
92%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 2623 E Michigan Street, Indianapolis, IN 46201

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2623 E Michigan Street, Indianapolis, IN 46201 is a multiple unit (2-4) which sold for $230,000. 2623 E Michigan Street features 4 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties IND since May 13th, 2025 and was built in 1900.