IN > Indianapolis
Indianapolis, IN 46202,1340 N Park AVE
Indianapolis, IN 46202,1340 N Park AVE
Indianapolis, IN 46202,1340 N Park AVE
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$1,799,999
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0.33 Acres Lot
Active

1340 N Park AVE Indianapolis, IN 46202

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Audri McGrane

Audri McGrane

+1(317) 509-9729

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 22075708

Tax Year 2024

Lot Size 0.330 Acres

Acres 0.33

Property Sub-Type Multi-Family 5+

Property Description

1340 N Park Ave is a fully leased, heavily updated five-unit building in the heart of the Old Northside-one of Indianapolis's most historic and walkable neighborhoods. This property delivers strong income, long-term tenants, and a level of stability that is hard to find in today's market. Each residence offers two bedrooms and two bathrooms with updated kitchens, refreshed baths, modern layouts, and in-unit laundry hookups. The penthouse stands out with its private rooftop deck and downtown views, and all tenants benefit from assigned off-street parking. The building is 100% occupied with no leases coming due soon, creating a steady, low-maintenance investment. Current income totals $13,100 per month, or $157,200 annually, supported by high demand for quality rentals in this neighborhood. The location places tenants just minutes from the Bottleworks District, one of Indianapolis's most vibrant destinations for dining, entertainment, and boutique retail. The Old Northside's historic charm and consistent appreciation make it a reliable setting for long-term ownership. 1340 N Park Ave is an ideal opportunity for an investor seeking a clean, updated, and turn-key building with strong rents, reliable tenants, and a location that continues to grow in value.

Location

State IN

County Marion

Zoning D8

Interior

Heating Heat Pump

Cooling Ductless, Heat Pump

Fireplace N

Exterior

Garage Spaces 4.0

Utilities Available Natural Gas Connected, Sewer Connected, Water Connected

Building

Structure Type Brick

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2025 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

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Audri McGrane

Audri McGrane

Director of Operations | RBRB18002064

+1(317) 509-9729

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1340 N Park AVE

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