2226 - 2232 Central Avenue

2226 - 2232 Central Avenue, Indianapolis, IN 46205

  • For Sale $2,500,000
  • 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

Contacts

broker
Ralph Balber

ALO Property Group

Location

Getting Around

  • Walk Score ®

    81/100 Very Walkable

  • Transit Score ®

    49/100 Some Transit

  • Bike Score ®

    69/100 Bikeable
Powered by Walk Score ®
  • 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

  • MashCraft

    0.19 miles

  • Loco Mexican Restaurant and Cantina

    0.19 miles

  • Baby's

    0.28 miles

  • Bocca

    0.29 miles

  • Artie's on Central

    0.30 miles

  • Gather 22

    0.35 miles

  • Goose the Market

    0.37 miles

  • Wendy's

    0.37 miles

  • KFC

    0.42 miles

  • Jimmy John's

    0.42 miles

  • The Oaks Academy Elementary School - Fall Creek

    0.16 miles

  • Morton School

    0.33 miles

  • Center for Public Inquiry School 27

    0.53 miles

  • Ivy Tech Community College

    0.66 miles

  • Herron High School

    0.68 miles

  • Frances W Parker Elementary School

    0.73 miles

  • Fall Creek Academy

    0.74 miles

  • Saint Rita School

    0.95 miles

  • George Washington Carver School 87

    0.96 miles

  • Saint Agnes Academy

    1.00 miles

  • Day Early Learning Lilly Family Center

    1.50 miles

  • God's Angels Childcare

    1.55 miles

  • St. Mary's Child Center

    1.59 miles

  • Sunrise Christian Academy Daycare and Preschool

    1.68 miles

  • Kiddie Kollege

    1.78 miles

  • Decision Childcare Ministries

    1.81 miles

  • Reach to Teach Daycare

    1.87 miles

  • Tyler's Journey Childcare Ministry

    2.19 miles

  • Alphabet Angels CCM

    2.19 miles

  • St. Joan of Arc Early Learning Center

    2.34 miles

Frequently Asked Questions

How much does 2226 - 2232 Central Avenue cost?

The space currently listed for sale at 2226 - 2232 Central Avenue asks for $2,500,000.

What is the total square footage of 2226 - 2232 Central Avenue?

2226 - 2232 Central Avenue totals 10,008 square feet.

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Contact Listing Broker
broker
Ralph Balber

ALO Property Group

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