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Historic-District Apartment Building
For Sale
$250,000
Pending

1627 N Talbott Street, Indianapolis, IN 46202

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.19 Acres
Days on Market190

Property Features for 1627 N Talbott Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Basement, Bedroom 1
Subdivision Eliz Talbotts
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Pending
APN 490636176012000101
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Eliz Talbotts Revised Add L230 & 30' N Side L231
Tax Annual Amount 9506
Legal Description Eliz Talbotts Revised Add L230 & 30' N Side L231

Building Details

Year built 1867
Floors in Building 3
Number of units 12
Listing Agency: Keller Williams Indpls Metro N · Keller Williams Realty
Listed By: Doug Fredbeck · License #RB14042479
Added: Apr 10 Changed: Sep 22 Last Checked: Oct 16 at 9:06AM
MLS# 22094650

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This apartment building dates to 1867 and occupies a 0.19-acre parcel at 1627 N Talbott Street in Indianapolis. The property includes a basement and surface parking, with the existing improvements requiring full renovation.

The asset is within the Herron-Morton Place Historic District and is located near downtown Indianapolis. Its setting also places it near major employers, shopping, dining, and entertainment, with access to the surrounding city through nearby routes.

Key Highlights

  • 1867 construction on a 0.19‑acre parcel
  • Surface parking lot included
  • Basement within the building

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Furniture & Home Goods HVAC Service Kitchen & Bath Showroom Locksmith (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,618
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The 1867 property includes a basement, surface parking, and a full renovation requirement.
Where is this apartment building located?
The property is located at 1627 N Talbott Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1867 construction on a 0.19‑acre parcel; Surface parking lot included; Basement within the building
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