$1,799,999
1340 N Park Avenue
1340 N Park Ave is a fully leased, heavily updated five-unit building in the heart of the Old Northside-one of Indianapolis's most historic and walkable neighborhoods. This property delivers strong income, long-term tenants, and a level of stability that is hard to find in today's market. Each residence offers two bedrooms and two bathrooms with updated kitchens, refreshed baths, modern layouts, and in-unit laundry hookups. The penthouse stands out with its private rooftop deck and downtown views, and all tenants benefit from assigned off-street parking. The building is 100% occupied with no leases coming due soon, creating a steady, low-maintenance investment. Current income totals $13,100 per month, or $157,200 annually, supported by high demand for quality rentals in this neighborhood. The location places tenants just minutes from the Bottleworks District, one of Indianapolis's most vibrant destinations for dining, entertainment, and boutique retail. The Old Northside's historic charm and consistent appreciation make it a reliable setting for long-term ownership. 1340 N Park Ave is an ideal opportunity for an investor seeking a clean, updated, and turn-key building with strong rents, reliable tenants, and a location that continues to grow in value.
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Map to 1340 N Park Avenue, Indianapolis, IN 46202
MLS #
22075803
Date Listed
2025-12-04
Status
Active
Property Type
Multi-Family/Apartments
Property SubType
Quadruplex
New Construction
No
Type
Quadruplex
Year Taxes Payable
2024
Year Built
1980
Days on Market
2
Additional
Cooling
Ductless, Heat Pump
Heating
Heat Pump
External Features
Construction
Quadruplex
Lot Size
14,441 sq ft
Acreage
0.33 Acres
Fence
Front Yard
Location
Area
Marion
County
Marion
Subdivision
No Subdivision
Township
Center
City
Indianapolis
State
IN
Zip
46202
Schools
School District
Indianapolis Public Schools
Financial
Assoc. Dues
$0.00
| MLS # | 22075803 |
|---|---|
| Date Listed | 2025-12-04 |
| Status | Active |
| Property Type | Multi-Family/Apartments |
| Property SubType | Quadruplex |
| New Construction | No |
| Type | Quadruplex |
| Year Taxes Payable | 2024 |
| Year Built | 1980 |
| Days on Market | 2 |
| Cooling | Ductless, Heat Pump |
|---|---|
| Heating | Heat Pump |
| Construction | Quadruplex |
|---|---|
| Lot Size | 14,441 sq ft |
| Acreage | 0.33 Acres |
| Fence | Front Yard |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | No Subdivision |
| Township | Center |
| City | Indianapolis |
| State | IN |
| Zip | 46202 |
| School District | Indianapolis Public Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22075803
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Max Moore
@properties
max@atpropertiesind.com
Listing updated December 4, 2025 at 5:00 pm
Last checked 7 minutes ago
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