Search
Two-Bedroom Rental Condo

627 N Pennsylvania St, Indianapolis, IN 46204

For Sale
Contact for pricing

Both short- and long-term rentals are permitted in this Indianapolis residence.

Property SizeContact for details
Days on Market27

Property Features for 627 N Pennsylvania St

General Information

Standard status Active
Total Parking Spaces 1
Property subtype Multifamily, Hospitality

Site & Location

Neighborhood Downtown

Units

Multifamily Units 1
Parking per Unit 1
Listing Agency: Keller Williams Indy Metro South
Listed By: Emily Huskey · License IN RB17000722
Source: Crexi
Added: Oct 15 Changed: Nov 8 Last Checked: Nov 8 at 4:05PM

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 Indy Metro South

Rey
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.

Set within the Glencoe Building, this two-bedroom Indianapolis condo features original hardwood floors, exposed brick, high ceilings, and a covered balcony. A primary bathroom remodel was completed in 2022; a stackable washer and dryer were installed in 2021, and the heat pump, air handler, and water heater were replaced in 2020. The property is listed on the National Register of Historic Places.

The residence is steps from the Cultural Trail and offers access to downtown destinations including Monument Circle, Mass Ave, and the Canal Walk. It has one reserved parking space, with four shared spaces available for guests. HOA dues cover water and sewer; electricity is the only utility bill identified in the listing. Short- and long-term rentals are permitted.

Key Highlights

  • Short- and long‑term rentals are permitted
  • Two‑bedroom condo in the Glencoe Building, listed on the National Register of Historic Places
  • Covered balcony, exposed brick, hardwood floors, and high ceilings

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

5,779
Businesses Nearby

Demographics for 46204, IN

9,086
Population
6,582
Households
1.4
Avg Household Size
31
Median Age
61%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
8,260
Density / Sq Mi
$88,081
Median Household Income
$69,226
Median Earnings
$1,686
Median Rent
$350,400
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

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

Frequently Asked Questions

What type of property is this?
Short term rental property - Both short- and long-term rentals are permitted in this Indianapolis residence.
Where is this short term rental property located?
The property is located at 627 N Pennsylvania St Indianapolis, IN.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: Short- and long‑term rentals are permitted; Two‑bedroom condo in the Glencoe Building, listed on the National Register of Historic Places; Covered balcony, exposed brick, hardwood floors, and high ceilings
(317) 268-8287 Call to check price and availability
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved