1809 W Morris St - Apartments FOR SALE


Indianapolis, IN 46221- West Indianapolis
$249,900 USD
317-607-0884
1809 W Morris St, Indianapolis, IN for Sale
$249,900 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

1809 W Morris St
Indianapolis, IN 46221
West Indianapolis


HIGHLIGHTS

  • Operating as Residential Recovery Center for women.
  • Includes a separate office building.
  • 2024 State DMHA Housing Certification for Recovery Residence Living.

OVERVIEW

Zoned for Bed & Breakfast, Hotel/Hostel, Sober Living, or Business with Home & Personal Services, this former boarding house features two separate buildings with a back parking area. The main house offers 7 bedrooms, spacious communal areas, wraparound porch, large fenced yard, and an unfinished 3rd floor. A second building provides office space with half bath. Recent updates include 2022 roof/gutters, 2025 A/C, upgraded electrical, enhanced power, and new sump pump. Rear lot provides parking for 6 cars plus bus stops are nearby. A strong opportunity for home-based business or community services in revitalized West Indy! Flexible C-4 Zoning Permits Uses for Bed & Breakfast, Hotel, Sober Living, Day Care, and Businesses with Home Services.

FOR SALE DETAILS

PRICE

$249,900 USD

PRICE/SF

$89 USD /SF

# OF UNITS

7

PRICE/UNIT

$35,700

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C-4

APN/PARCEL ID

49-11-15-107-012.000-101

ASK ABOUT THIS PROPERTY

Sharon ThompsonKW Commercial IndianaMore Info
317-607-0884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Sharon ThompsonKW Commercial IndianaMore Info
317-607-0884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.