12-Unit Brick Apartment
For Sale
$1,500,000
Pending
1635 Central Avenue, Indianapolis, IN 46202
Commercial Sale, Indianapolis, IN
Property SizeContact for details
Lot Size0.36 Acres
Days on Market148
Property Features for 1635 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
zo01
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1, Bedroom 2, Bedroom 1
Lot features
Access, Busline, Curbs, Sidewalks
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4910 - Marion - Center
Standard status
Pending
APN
490636145012000101
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Ritters Sub Johnson Heirs Add 68.6Ft Nl 68Ft Sl Of74.3Ft S End L2 (Bldg C)
Tax Annual Amount
9036
Legal Description
Ritters Sub Johnson Heirs Add 68.6Ft Nl 68Ft Sl Of74.3Ft S End L2 (Bldg C)
Amenities
coin operated laundry
storage in basements
Building Details
Year built
1930
Number of units
12
Building materials
Brick
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
(317) 271-5959
Listed By:
Emily Huskey · License #MBR38816
(317) 268-8287
Added: May 23
Changed: Oct 14
Last Checked: Oct 17 at 11:06AM
MLS# 22103331
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 12-unit apartment property at 1635 Central Avenue comprises three brick buildings, each with four apartments. The units have two-bedroom, one-bath layouts and were built in 1930. Each apartment has its own furnace, central air conditioning, water heater, refrigerator, and oven. Coin-operated laundry and additional storage are located in the building basements. The property occupies 0.36 acres and is zoned zo01 within a designated Opportunity Zone.
The property is in Indianapolis, at the intersection of the Herron Morton and Old Northside neighborhoods. Occupancy has been 95% over the past several years. Residents pay their own electric, and each unit is individually metered; the owner covers water, sewer, and common-area electricity. The three buildings are on separate parcels and may be sold individually, though the seller prefers a sale of the full property.
The property is in Indianapolis, at the intersection of the Herron Morton and Old Northside neighborhoods. Occupancy has been 95% over the past several years. Residents pay their own electric, and each unit is individually metered; the owner covers water, sewer, and common-area electricity. The three buildings are on separate parcels and may be sold individually, though the seller prefers a sale of the full property.
Key Highlights
- 12 apartments across three brick buildings, with four units in each
- Each apartment has two bedrooms and one bathroom
- 0.36‑acre property built in 1930; zoned zo01 and located in a designated Opportunity Zone
Property Analytics
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Current Use
Lease Details
12
Residential units
95%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,367
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three separate buildings offer two-bedroom layouts, individual HVAC equipment, and basement laundry and storage.
Where is this apartment building located?
The property is located at 1635 Central Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12 apartments across three brick buildings, with four units in each; Each apartment has two bedrooms and one bathroom; 0.36‑acre property built in 1930; zoned zo01 and located in a designated Opportunity Zone
