5-Unit Apartment
New
For Sale
$1,599,900
1340 N Park Ave, Indianapolis, IN 46202
Five two-bedroom residences each have two bathrooms, in-unit laundry hookups, and assigned off-street parking.
Property Size2,483 SF
Price / SF$644.34
Days on Market7
Property Features for 1340 N Park Ave
General Information
Standard status
Active
Size
2,483 SF
Property subtype
Multi-Family
Occupancy
80%
Site & Location
Neighborhood
Near Northside
Units
Unit Mix
5 x 2BR/2BA
Multifamily Units
5
Additional Details
Gross Income
$157,200
Tenant in Place
Yes
Amenities
assigned off-street parking
private rooftop deck
in-unit laundry hookups
Building Details
Year Built
1890
Buildings
1
Listing Agency:
RE/MAX Realty Group
Listed By:
The James Embry Team
(317) 903-0262
Source:
Jamesembry
Added: Oct 24
Changed: Oct 28
Last Checked: Oct 28 at 7:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1340 N Park Ave in Indianapolis, this 2,483-square-foot apartment building contains five residences, each with two bedrooms and two bathrooms. Updates include refreshed kitchens and bathrooms, and each unit has in-unit laundry hookups. The penthouse includes a private rooftop deck with downtown views; assigned off-street parking serves the residents. Built in 1890, the property is four-fifths occupied.
The building is in Indianapolis’ Old Northside, with the Bottleworks District described as minutes away. Its location provides access to the district’s dining, entertainment, and retail offerings.
The building is in Indianapolis’ Old Northside, with the Bottleworks District described as minutes away. Its location provides access to the district’s dining, entertainment, and retail offerings.
Key Highlights
- Five apartment units, each configured with two bedrooms and two bathrooms
- 2,483 square feet; built in 1890
- Four‑fifths occupied
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,971
Businesses Nearby
Explore this area
Business Placement
Demographics for 46202, IN
22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five two-bedroom residences each have two bathrooms, in-unit laundry hookups, and assigned off-street parking.
Where is this apartment building located?
The property is located at 1340 N Park Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Five apartment units, each configured with two bedrooms and two bathrooms; 2,483 square feet; built in 1890; Four‑fifths occupied
