398 W 47th St - Multi-Family FOR SALE


Indianapolis, IN 46208- Butler-Tarkington
$1,050,000 USD
502-432-5898
398 W 47th St, Indianapolis, IN for Sale
$1,050,000 USD
Multi-Family - FOR SALE
1/1
null | Request Cap Rate

398 W 47th St
Indianapolis, IN 46208
Butler-Tarkington


OVERVIEW

Prime Student Rentals on Butler’s Campus – Indianapolis, Indiana Exclusive Opportunity to own two exceptional properties with a proven rental history, located just steps from Butler University. Perfect for investors or student families seeking convenient, high-demand housing options. 368 W 47th Street Rental Status: Rented at $4,400/month through July 2027 Build Year: 2020 (New construction) 7 Bedrooms and 3.5 Bathrooms Features: Upstairs kitchenette, off-street parking Highlights: Modern, recently built property with spacious layout and high rental income, ideal for large groups or multiple tenants. 398 W 47th Street Rental Status: Rented at $4,200/month through July 2026 6 Bedrooms / 2 Bathrooms Features: Basement kitchenette, off-street parking, large fenced-in courtyard Highlights: Robust rental history, perfect for student families or multiple occupants desiring outdoor space and privacy. Rental Summary: Both properties are situated within walking distance to Butler University, offering excellent rental returns and strong tenant demand. Each home boasts unique amenities catered to student living, ensuring consistent occupancy and excellent cash flow. For more details or to schedule a viewing, contact us today!

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$389 USD /SF

# OF UNITS

2

PRICE/UNIT

$525,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

49-06-11-102-016.000-801

ASK ABOUT THIS PROPERTY

Megan Fennerty368 W 47th Street LLCMore Info
502-432-5898

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Megan Fennerty368 W 47th Street LLCMore Info
502-432-5898

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