1340 N Park AVE, Indianapolis, IN 46202
1340 N Park AVE, Indianapolis, IN 46202
1340 N Park AVE, Indianapolis, IN 46202
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Listed by Max Moore • @properties
$1,599,999
Est. payment /mo
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0.33 Acres Lot
Pending

1340 N Park AVE Indianapolis, IN 46202

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Audri McGrane

Audri McGrane

+1(317) 509-9729

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 22075803

Year Built 1890

Tax Year 2024

Lot Size 0.330 Acres

Acres 0.33

Property Sub-Type Quadruplex

Property Description

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, and long-term equity growth over short-term returns. The building is 100% occupied, creating dependable income from day one, with additional upside through future rent growth and expense optimization. Situated just minutes from the Bottleworks District, tenants enjoy some of the city's best dining, entertainment, and boutique retail, reinforcing the area's desirability and long-term value. Ideal for a 1031 exchange buyer, high-income professional, or portfolio investor looking to anchor their holdings with a blue-chip multifamily asset, 1340 N Park Ave represents a rare opportunity to acquire a clean, high-performing property in a premier Indianapolis location.

Location

State IN

County Marion

Interior

Heating Heat Pump

Cooling Ductless, Heat Pump

Fireplace N

Building

Structure Type Brick

New Construction false

Schools

School District Indianapolis Public Schools

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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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