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1340 N Park Avenue, Indianapolis, IN 46202

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
1340 N Park Avenue,Indianapolis, IN 46202
$1,599,999
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: max moore
Office: @properties
MLS#:22075803
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$1,599,999

About this home

5 UNIT INVESTMENT BRINGING IN $13,100 A MONTH - FULLY LEASED, TURNKEY, AND POSITIONED FOR LONG-TERM APPRECIATION. 1340 N Park Ave is a heavily updated five-unit building located in the heart of the Old Northside, one of Indianapolis' most historic, walkable, and consistently appreciating neighborhoods. Producing $13,100 in monthly income ($157,200 annually), this stabilized asset delivers immediate cash flow with strong tenant demand and minimal operational lift. Each spacious residence offers two bedrooms and two bathrooms with updated kitchens, refreshed baths, modern layouts, and in-unit laundry hookups. The penthouse stands out with a private rooftop deck and downtown views, while all residents benefit from assigned off-street parking - amenities that continue to support premium rents and retention. This is not a "chase yield" property - it is a wealth preservation and appreciation play. Assets like this are typically acquired by investors who prioritize location, tenant quality,...

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Home facts

  • Year built:1890
  • Subdivision & Development:No Subdivision
  • Listing ID #:22075803
  • Added:202 day(s) ago
  • Updated:September 15, 2026 at 07:48 AM

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Year built:1890
  • Lot area:0.33 Acres
  • Construction Materials:Brick

Finances and disclosures

  • Price:$1,599,999
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