2226 - 2232 Central Avenue

For Sale

2226 - 2232 Central Avenue, Indianapolis, IN 46205

This Indianapolis property for sale is located at 2226 - 2232 Central Avenue. The current listed sale price for 2226 - 2232 Central Avenue is $2,500,000.

Contacts

broker
Ralph Balber

ALO Property Group

Property Details

  • Property Type Multi-Family
  • Property Size 10,008 SF
  • Units 4
  • Date Updated Jul 14, 2025
Located at 2226, 2228, 2230, and 2232 Central Avenue in the highly sought-after Fall Creek Place neighborhood of Indianapolis, Indiana.ALO Property Group is pleased to present the opportunity to acquire a portfolio of four newly constructed, fully furnished, side-by-side townhomes located at 2226, 2228, 2230, and 2232 Central Avenue in the highly sought-after Fall Creek Place neighborhood of Indianapolis, Indiana. This offering represents a rare, turnkey short-term rental investment in one of the city’s most vibrant and rapidly appreciating urban districts. Each townhome includes four bedrooms and four and a half bathrooms, featuring spacious open floor plans, modern finishes, stainless steel appliances, granite countertops, and en-suite bathrooms in every bedroom. Additional features include private, fenced-in backyards, detached two-car garages, and high-end furnishings throughout—all of which convey with the sale. Strategically positioned just one mile from IU Health’s multi-billion-dollar medical campus in downtown Indianapolis, this portfolio benefits from strong demand drivers including hospitals, universities, major sporting events, and business travel. Ideal for traveling nurses, university affiliates, or leisure visitors, this asset offers immediate cash flow and long-term value with minimal upfront effort. With an influx of businesses, residents, and amenities, the demand for prime real estate has never been higher, and this offering presents a unique and timely chance to capitalize on the significant growth potential that lies on the immediate horizon. This is a rare opportunity to acquire a stabilized, income-producing short-term rental portfolio in an established neighborhood experiencing ongoing growth and development momentum.
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Highlights

  • 10,008 SF building
  • 2 Balconies per Unit
  • 2 Space Detached Garage per Unit
  • 4 units
  • Built in 2022
  • Fully Furnished
  • Located in Indianapolis
  • Multifamily / Mid-Rise investment opportunity

Getting around

  • 81/100

    Walk Score ®

  • 49/100

    Transit Score ®

  • 69/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Indianapolis, IN
  • Neighborhood Fall Creek Place
  • Zip Code 46205
  • Market Indianapolis

Points of Interest

  • Marathon

    0.89 miles

  • Shell

    0.98 miles

  • Mobil

    1.10 miles

  • Phillips 66

    1.48 miles

  • Clark

    1.80 miles

  • Valero

    1.81 miles

  • ChargePoint

    1.98 miles

  • Tesla Destination Charger

    2.08 miles

  • Tesla Supercharger

    2.36 miles

  • Electrify America

    7.62 miles

  • Julia M. Carson Learning Resource Center & Parking Garage

    0.71 miles

  • Circle City Residential Parking

    1.02 miles

  • Childrens Museum Parking Garage

    1.03 miles

  • Indy Flats Residential Parking

    1.07 miles

  • 429 Penn Parking

    1.74 miles

  • Pulliam Garage

    1.82 miles

  • The Savoy

    1.82 miles

  • Parking Lot 92

    1.83 miles

  • Parking Lot 73

    1.88 miles

  • Gateway Parking Garage

    1.89 miles

  • Marblehead

    1.29 miles

  • Bottleworks Hotel

    1.33 miles

  • Nestle Inn

    1.52 miles

  • Homewood Suites by Hilton Indianapolis Downtown IUPUI

    1.93 miles

  • Hampton Inn Indianapolis Downtown IUPUI

    1.95 miles

  • Courtyard Indianapolis at the Capitol

    1.97 miles

  • Residence Inn Indianapolis Downtown on the Canal

    1.99 miles

  • Oakwood at Canal Square

    2.01 miles

  • Sheraton Indianapolis City Centre Hotel

    2.04 miles

  • Home2 Suites

    2.05 miles

  • Kroger

    0.63 miles

  • Cleo's Bodega Grocery & Cafe

    1.13 miles

  • Teacher's Treasures

    1.63 miles

  • Dollar General Market

    1.65 miles

  • Dear Mom

    1.80 miles

  • Needler's Fresh Market

    1.83 miles

  • Whole Foods Market

    2.06 miles

  • TJ Maxx

    2.15 miles

  • Yaffa Food Mart & Grocery

    2.19 miles

  • Carson's

    2.24 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Ralph Balber

ALO Property Group

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