501 E Markwood Avenue, Indianapolis, IN 46227
- $449,000
- 2
- BD
- 4
- BA
- 4,411
- SqFt
- List Price
- $449,000
- MLS#
- 22107644
- Property Type
- Residential
- Bedrooms
- 2
- Bathrooms
- 4
- Sqft. of Residence
- 4,411
- Year Built
- 1936
- Days on Market
- 35
- Status
- ACTIVE
Property Description
Property Highlights: Asking Price: $449,000 Location: 501 E. Markwood Ave, Indianapolis, IN Commercial Zoning with redevelopment and mixed-use potential Income-producing apartment building 12 asphalt parking spaces providing ample on-site parking for tenants and visitors Convenient access to major highways, downtown Indianapolis, shopping, restaurants, and public transportation Strong opportunity for investors seeking stable cash flow and long-term appreciation This property is ideal for investors looking to add a versatile, income-generating asset to their portfolio while benefiting from the flexibility of commercial zoning and generous on-site parking. Don't miss this opportunity to invest in one of Indianapolis' growing neighborhoods.
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Additional Information
- Foundation
- Block, Crawl Space
- Number of Fireplaces
- 1
- Fireplace Description
- Living Room, Wood Burning
- Stories
- Two
- Architecture
- Traditional
- Interior
- Hardwood Floors
- Acres
- 0.26
- Heat
- Forced Air
- Cooling
- Central Air
- Appliances
- Dishwasher, Refrigerator
- Region
- Perry
- Areas
- Other
- Eating Areas
- None
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Listing courtesy of United Real Estate Indpls.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative