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Listed by Katie Byram • The Agency Indy
$ 2,500,000
Est. payment | /mo
9,929 SqFt
$ 2,500,000
Est. payment | /mo
9,929 SqFt
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 9,929 sqft
Price per Sqft $251
MLS Listing ID 22037136
Tax Year 2024
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Multi-Family 5+
Property Description
Prime Investment Package in Indianapolis' Historic Old Northside | 1340 N Park Ave & 517 E 14th St Indianapolis, IN. Located in the heart of the historic Old Northside, this unique investment opportunity includes a fully leased luxury 5-unit condominium building at 1340 N Park Ave and a beautifully renovated single-family Airbnb at 517 E 14th St. This portfolio offers a rare blend of stable rental income and short-term rental upside, all within close proximity of the city's most vibrant destinations. 1340 N Park Ave | This meticulously maintained property features five spacious 2-bedroom, 2-bathroom condos, each outfitted with modern finishes and in-unit laundry hookups. With contemporary layouts and luxury touches throughout, these condos are ideal for professionals seeking high-end urban living. Fully occupied with long-term tenants. Penthouse unit includes a private rooftop deck with sweeping city views. Off street/assigned parking. 517 E 14th St | Located in the rear of the property, this standalone single-family home is currently operating as a successful Airbnb, offering flexibility and additional revenue potential. The property includes: 2 bedrooms, 2 full baths, 1 half bath, an attached garage for off-street parking, and a private rooftop deck, perfect for guests with views of downtown. Located on a quiet street, yet close to downtown action. Situated just a few blocks from Mass Ave, Bottleworks District, the YMCA, and countless restaurants, bars, and shops, this portfolio sits in one of Indianapolis' most sought-after neighborhoods. The Old Northside offers charm, character, and convenience-all wrapped in a walkable, culturally rich setting. This offering is perfect for investors looking for turn-key properties with historic charm, modern amenities, and strong income potential in a high-demand area.
Location
State IN
County Marion
Zoning D8
Rooms
Basement Storage Space
Interior
Heating Baseboard, Electric
Fireplace N
Exterior
Garage Spaces 2.0
Utilities Available Sewer Connected, Water Connected
Roof Type Shingle
Building
New Construction false
Schools
School District Indianapolis Public Schools
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Sarah Beth Skidmore And Christie Snapp
Broker