Indianapolis, IN 46205,2438 Guilford AVE
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Indianapolis, IN 46205,2438 Guilford AVE
Indianapolis, IN 46205,2438 Guilford AVE
Indianapolis, IN 46205,2438 Guilford AVE
Indianapolis, IN 46205,2438 Guilford AVE
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Kade Koch

Kade Koch

+1(317) 697-7953
Listed by Lindsey Winkhart • RE/MAX Advanced Realty
$ 625,000
Est. payment /mo
Save
Active

2438 Guilford AVE Indianapolis, IN 46205

4,786 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 4,786 sqft

Price per Sqft $130

MLS Listing ID 22078401

Year Built 1915

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Multi-Family 5+

Property Description

Welcome to 2438 Guilford Ave, a stabilized 8-unit multifamily investment opportunity in the heart of Indianapolis' rapidly improving Reagan Park neighborhood, where new development & reinvestment continue to drive long-term value. This solid asset features a desirable unit mix of 4 1-bedroom/1-bath apartments renting at $800/month and 4 efficiency units renting at $550/month, all with tenants in place, generating a strong $5,400 in monthly gross income from day one ($64,800/yr). Several improvements have already been completed, reducing future maintenance and capital expense exposure. Updates include new electrical and plumbing, Hardie siding, roof (2 yrs old), and 2 new furnaces, offering investors peace of mind and improved operating efficiency. Located near downtown amenities, employment centers, and ongoing neighborhood revitalization, such as the new development of the Arnold Place, this property is well-positioned for continued tenant demand and potential rent growth. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a growing area, this delivers immediate cash flow with long-term upside.

Location

State IN

County Marion

Zoning D8

Rooms

Basement Unfinished

Interior

Heating Electric, Forced Air

Cooling None, Wall Unit(s)

Fireplace N

Exterior

Exterior Feature Balcony

Utilities Available Sep Electric Meter

Roof Type Shingle

Building

Story Two

Architectural Style Traditional

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Paramount School of Excellence

    Public | KG - 8

  • 6

    Center For Inquiry School 2

    Public | KG - 8

  • 6

    Rousseau Mc Clellan 91

    Public | KG - 8

  • 6

    The Challenge Foundation Academy

    Public | KG - 5

  • 4

    Theodore Potter School 74

    Public | KG - 6

  • 4

    Kipp Indpls College Preparatory

    Public | 5 - 8

  • 3

    William a Bell School 60 Reggio Academy

    Public | PK - 3

  • 3

    Mary E Nicholson School 70

    Public | KG - 5

  • 3

    William Mckinley School 39

    Public | PK - 6

  • 2

    Riverside School 44

    Public | PK - 6

  • 2

    Indiana School for the Deaf

    Public | PK - 12

  • 2

    Thomas D. Gregg Elementary School 15

    Public | PK - 6

  • 1

    Elder W Diggs School 42

    Public | PK - 6

  • 1

    James Whitcomb Riley School 43

    Public | KG - 8

  • 1

    Louis B Russell Jr School 48

    Public | PK - 6

  • 1

    Washington Irving School 14

    Public | PK - 6

  • 1

    Francis Parker Montessori School 56

    Public | PK - 8

  • 1

    Joyce Kilmer School 69

    Public | KG - 6

  • 1

    Brookside School 54

    Public | KG - 6

  • 1

    James Russell Lowell School 51

    Public | PK - 6

Middle Schools 7
  • 1

    H L Harshman Middle School

    Public | 7 - 8

  • 0

    Crispus Attucks Med Mgnt Jr High School

    Public | 6 - 8

  • 0

    Carpe Diem - Meridian Campus

    Public | 6 - 12

  • 0

    Shortridge Law & Pub Pol Mag Jr High School

    Public | 6 - 8

  • 0

    Longfellow Magnet Middle School

    Public | 7 - 8

  • 0

    Tindley Collegiate Academy

    Public | 6 - 8

  • 0

    Tindley Preparatory Academy

    Public | 6 - 8

High Schools 5
  • 10

    Herron High School

    Public | 9 - 12

  • 5

    Crispus Attucks Medical Magnet High School

    Public | 9 - 12

  • 5

    Charles a Tindley Accelerated School

    Public | 9 - 12

  • 4

    Shortridge Law & Public Plcy Mg High School

    Public | 9 - 12

  • 1

    Arsenal Technical High School

    Public | 9 - 12

School and business data provided by Attom Data.
Kade Koch

Kade Koch

Broker Associate

+1(317) 697-7953

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2438 Guilford AVE