# 1340 N Park Avenue, Indianapolis, IN 46202

> **TL;DR:** 10bd/10ba commercial, $1,599,900, built 1890.
> View, 4-car garage. Est. $8,557/mo. Listed 6 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,599,900 |
| Bedrooms | 10 |
| Bathrooms | 10 full |
| Year Built | 1890 |
| Lot Size | 2,614 sqft (0.06 acres) |
| Stories | 3 |
| Garage | 4-car |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 6 |

## Why This Home Stands Out

- **Views** - City
- **Large Garage** - 4-car garage

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $8,090 |
| Estimated Insurance | $467 |
| **Total** | **$8,557** |

## Key Amenities

- View
- 4-car garage

## Property Highlights

- Built in 1890
- 0.06 acre lot
- 3 stories

## Description

### Agent Description
FIVE UNIT INVESTMENT BRINGING IN $13,100/MONTH - ALMOST FULLY LEASED, TURNKEY, AND POSITIONED FOR LONG-TERM APPRECIATION. 1340 North Park Avenue is a heavily updated five-unit building in the heart of the Old Northside, one of Indianapolis' most historic, walkable, & consistently appreciating neighborhoods. Producing $13,100 in monthly income, ($157,200 annually), this stabilized asset delivers immediate cash flow with strong tenant demand & minimal operation lift. Each spacious residence offers two bedrooms & two bathrooms with updated kitchens, refreshed bathrooms, modern layouts, & in-unit laundry hookups. The penthouse stands out with a private rooftop deck & downtown views, while all residents benefit from assigned off-street parking - amenities that continue to support premium rents & retention. This is not a "chase yield" property - it is a wealth preservation & appreciation play. Assets like this are typically acquired by investors who prioritize location, tenant quality, & long-term equity growth over short-term returns. The building is four-fifths occupied, creating dependable income from day one, with additional upside through future rent growth & expense optimization. Situated just minutes from the Bottleworks District, tenants enjoy some of the city's best dining, entertainment, & boutique retail, reinforcing the area's desirability & long-term value. Ideal for a 1031 exchange buyer, high-income professional, or portfolio investor looking to anchor their holdings with a blue-chip multifamily asset, 1340 North Park Avenue represents a rare opportunity to acquire a clean, high-performing property in a premiere Indianapolis location!

## Location

- **Address:** 1340 N Park Avenue, Indianapolis, IN 46202
- **County:** Marion
- **Coordinates:** 39.785398, -86.148038
- **Google Maps:** https://www.google.com/maps?q=39.785398,-86.148038

## Listing Agent

- **Name:** Tyler Lingle
- **Brokerage:** Plat Collective
- **Broker Phone:** (317) 489-3441

## Photos

![1340 N Park Avenue - Photo 1](http://lh.rdcpix.com/6edfc7663ffa219f333bc4763eace2b2l-f3710862219r.jpg)

![1340 N Park Avenue - Photo 2](http://lh.rdcpix.com/6edfc7663ffa219f333bc4763eace2b2l-f2476139878r.jpg)

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![1340 N Park Avenue - Photo 36](http://lh.rdcpix.com/6edfc7663ffa219f333bc4763eace2b2l-f1099041232r.jpg)

![1340 N Park Avenue - Photo 37](http://lh.rdcpix.com/6edfc7663ffa219f333bc4763eace2b2l-f152563362r.jpg)

![1340 N Park Avenue - Photo 38](http://lh.rdcpix.com/6edfc7663ffa219f333bc4763eace2b2l-f3763265226r.jpg)

![1340 N Park Avenue - Photo 39](http://lh.rdcpix.com/6edfc7663ffa219f333bc4763eace2b2l-f2479249521r.jpg)

![1340 N Park Avenue - Photo 40](http://lh.rdcpix.com/6edfc7663ffa219f333bc4763eace2b2l-f2293681909r.jpg)

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---

**MLS#:** 22133059 | **Updated:** 2026-10-27
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1340-n-park-avenue-indianapolis-in-46202-e602c19ff0fe445a8378367344d67d20)

---

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