1340 N Park Avenue, Indianapolis, IN 46202

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
1340 N Park Avenue,Indianapolis, IN 46202
$1,599,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: tyler lingle
Office: @properties
MLS#:22133370
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$1,599,900

About this home

FIVE UNIT INVESTMENT BRINGING IN $13,100/MONTH - ALMOST FULLY LEASED, TURNKEY, AND POSITIONED FOR LONG-TERM APPRECIATION! 1340 North Park Avenue is a heavily updated five-unit building in the heart of the Old Northside, one of Indianapolis' most historic, walkable, & 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 bathrooms, modern layouts, and in-unit laundry hookups. The penthouse stands out with a private rooftop deck and downtown vies, 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 tenant quality,...

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Home facts

  • Year built:1890
  • Subdivision & Development:No Subdivision
  • Listing ID #:22133370
  • Added:6 day(s) ago
  • Updated:November 02, 2026 at 11:35 AM

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Roof:Asphalt
  • Year built:1890
  • Lot area:0.06 Acres
  • Lot Features:Curbs, Mature Trees, Sidewalks, Storm Sewer, Street Lights
  • Architectural Style:Victorian
  • Construction Materials:Brick

Utilities

  • Water:Water
  • Sewer:Sewer

Finances and disclosures

  • Price:$1,599,900
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