2605 Shelby Street Indianapolis, IN 46203
New
- Added:
- Apr 2, 2026
- Days on Market:
- 1
- Last Refresh:
- Apr 2 at 10:06 pm
Property Features for 2605 Shelby Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1- Commercial
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 491019117189000101
- Size
- 6,582 SF
- Lot size
- 0.22 Acres
Building Details
- Year built
- 1930
- Number of units
- 6
- Building materials
- Block, Brick, Vinyl Siding
- Roof type
- Asphalt, Flat
- Architectural style
- Other
Listing agent Peter Stewart License #RB15000083 (317) 846-6300
Listing office Keller Williams Indpls Metro N N Meridian St Ste 200, Carmel, IN (317) 846-6300
Listing date Apr 2, 2026
MLS# 22092561
Listing URL
Copyright © 2026 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 Multi-Family Investment Opportunity
Located in the Garfield Park neighborhood of Indianapolis, this six-unit multi-family property presents an investment opportunity. The property, situated directly across from the park, is located in a revitalizing neighborhood, minutes from downtown and steps from the Red Line. The property consists of two connected structures: a two-story building with one unit per level, and a single-story concrete block/brick building housing the remaining units. The 6,582 square-foot property on a 0.22-acre lot is fully gutted to the studs and partially framed, requiring a full renovation including all major systems (plumbing, electrical, HVAC), drywall, and complete interior finishes. The unit mix includes two 1BR/1BA units (approximately 500 sq ft each), three 2BR/1BA units (two approximately 500 sq ft and one approximately 1,000 sq ft), and one 3BR/2BA unit (approximately 1,150 sq ft). Investors can tailor layouts and finishes to support long-, mid-, or short-term rental strategies. Additional features include a large front concrete patio and rear parking area off the alley. The property is zoned C1- Commercial.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.139345
- Latitude
- 39.730165
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit property in revitalizing Garfield Park neighborhood, ready for renovation.
Where is this apartment building located?
The property is located at 2605 Shelby Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Value‑add opportunity: Fully gutted and partially framed 6‑unit property, allowing for customized layouts and finishes.; Prime location: Directly across from Garfield Park in a rapidly revitalizing neighborhood, minutes from downtown and steps from the Red Line.; Flexible investment strategies: Ideal for long-, mid-, or short‑term rentals in a high‑demand area.
