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    1627 N Talbott St Indianapolis, IN 46202

    Pending
    For Sale
    $275,000

    Multi-Family 5+ - Indianapolis, IN

    Property size:
    9,424 SF
    Lot size:
    0.19 Acres
    Days on Market:
    46
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 1627 N Talbott St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Security features
    Fire Alarm, Smoke Detector(s)
    Zoning
    Commercial
    Rooms
    Basement
    APN
    490636176012000101
    Basement Y/N
    1
    Size
    9,424 SF
    Lot size
    0.19 Acres

    Building Details

    Year built
    1901
    Number of units
    11
    Building materials
    Wood Siding
    Architectural style
    Other

    Keller Williams Indianapolis Metro North (317) 846-6300 [email protected]

    Listing agent Doug Fredbeck (317) 846-6300 License #RB14042479

    Listing date Oct 22, 2025

    MLS# 22064646 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indianapolis Multifamily Redevelopment Opportunity

    This 11-unit multifamily property is located just minutes from downtown Indianapolis, offering significant potential for redevelopment or repositioning. The property includes a surface parking lot. Its location provides high accessibility to major employers, shopping, dining, and entertainment. This presents an excellent opportunity for an investor to add value in a growing rental market. The property, situated on a 0.19-acre lot, is in distressed condition and will require a full renovation. The building size is 9424 square feet. The property is located within the Herron-Morton Place Historic District. Buyers are encouraged to perform their own due diligence due to limited information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.154628
    Latitude
    39.789161

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    FAQs

    What type of property is this?
    Apartment building - 11-unit multifamily property near downtown Indianapolis with redevelopment potential.
    Where is this apartment building located?
    The property is located at 1627 N Talbott St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Prime location minutes from downtown Indianapolis.; - Significant redevelopment or repositioning potential.; - 11-unit multifamily property.
    (317) 846-6300
    Request Owner's contact information
    1627 N Talbott St Indianapolis, IN 46202
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    Indianapolis, IN 46202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1627 N Talbott St Indianapolis, IN 46202
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