1340 N Park Avenue, Indianapolis, IN 46202

Indianapolis
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
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,...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1890
  • Subdivision & Development:No Subdivision
  • Listing ID #:22133370
  • Added:1 day(s) ago
  • Updated:October 28, 2026 at 03:44 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
Copyright 2026 Metropolitan Indianapolis Board of Realtors. All rights reserved. Listings courtesy of Metropolitan Indianapolis Board of Realtors as distributed by MLS GRID. Metropolitan Indianapolis Board of Realtors provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Metropolitan Indianapolis Board of Realtors will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Metropolitan Indianapolis Board of Realtors.

New listings near 1340 N Park Avenue