Gutted 6-Unit Multifamily
For Sale
$299,000
2605 Shelby Street, Indianapolis, IN 46203
Six-unit property with two connected structures and framing underway, requiring full renovation to major systems and interior finishes.
Property Size6,582 SF
Price / SF$45.43
Days on Market141
Property Features for 2605 Shelby Street
General Information
Standard status
Active
Size
6,582 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Building Details
Year Built
1930
Listing Agency:
Keller Williams Indpls Metro N
(317) 846-6300
Listed By:
Peter Stewart · License #RB15000083
Source:
Xome
Added: Mar 17
Changed: Jul 21
Last Checked: Aug 3 at 3:25AM
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 Keller Williams Indpls Metro N
Investment Insights
Based on property information with market context.
This 6-unit multifamily property is currently gutted and partially framed, with renovations needed throughout. Major systems including plumbing, electrical, and HVAC require replacement, along with drywall and complete interior finishes. The unit mix includes two 1BR/1BA units, three 2BR/1BA units, and one 3BR/2BA unit, with sizes ranging approximately from the high-500s square feet to about 1,150 square feet for the largest unit.
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. There is a large front concrete patio and a rear parking area accessible off the alley. The asset is sold as-is, with cash, hard money, or renovation financing only.
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. There is a large front concrete patio and a rear parking area accessible off the alley. The asset is sold as-is, with cash, hard money, or renovation financing only.
Key Highlights
- 6‑unit property at 2605 Shelby St in Indianapolis, directly across from Garfield Park
- Two connected structures: a 2‑story building with 1 unit per level plus a single‑story concrete block/brick building for remaining units
- Framing underway (partially framed and down‑to‑the‑studs), with a full renovation required
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit property with two connected structures and framing underway, requiring full renovation to major systems and interior finishes.
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: 6‑unit property at 2605 Shelby St in Indianapolis, directly across from Garfield Park; Two connected structures: a 2‑story building with 1 unit per level plus a single‑story concrete block/brick building for remaining units; Framing underway (partially framed and down‑to‑the‑studs), with a full renovation required
