The ORR Home Selling Team Real Estate Groups
  • 2200 W. McGalliard Road
    Muncie, IN 47304
The ORR Home Selling Team Real Estate Groups

Indianapolis, IN 46201 2623 E Michigan Street

$249,000

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Presented By:
  • MLS# 22038426
  • 05/13/2025
  • Get pre-approved
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  • Garage • 3

Home Details

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.
Presented By:

Interior Features for 2623 E Michigan Street

Other Interior Features

LivingAreaSourceAssessor

General for 2623 E Michigan Street

Additional Parcels Y/NNo
CityIndianapolis
CountyMarion
Current FinancingConventional, Other
Current UseMulti-Family, See Remarks
DirectionsGPS Friendly
Garage Spaces3
High School DistrictIndianapolis Public Schools
Legal DescriptionRuddells Glenwood Add 38Ft W Side L8
LevelsTwo
Lot Size Square Feet5314
MLS Area4910 - Marion - Center
ModificationTimestamp2025-05-17T23:03:07.440Z
New ConstructionNo
Number Of Units Total4
PossessionClosing
Property ConditionFixer
Property SubtypeFourplex
Property TypeResidential Income
Standard StatusActive
StatusActive
Subdivision NameSaint Clairs
Tax Lot8
Tax Year2024
TownshipCenter
Waterfront Y/NNo
Year Built1900

Exterior for 2623 E Michigan Street

Lot Size Acres0.12
Parking FeaturesAlley Access, Detached
Road Frontage TypeCity Street

Additional Details

Price History

Ryan Orr

Associate
Price $249,000
MLS#22038426
List Date 05/13/2025
Property Type Multi-Family
Phone (765) 744-9500
Get pre-approved
Request Tour
Request Info
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