REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Charlene Gaard • No Limit Real Estate, LLC
$ 1,555,000
Est. payment /mo
Active
2101 N Pennsylvania ST Indianapolis, IN 46202
13,524 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 13,524 sqft
Price per Sqft $114
MLS Listing ID 22067612
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Multi-Family 5+
Property Description
Rare opportunity to acquire a landmark multifamily asset in the heart of Herron-Morton. This stately all-brick six-unit building offers over 13,500 square feet of historic character, scale, and long-term investment potential in one of Indianapolis' most sought-after neighborhoods. Each residence features an expansive 3-bedroom floorplan of approximately 2,000 square feet - a rare offering in today's rental market that appeals to residents seeking the feel of a private home within an urban lifestyle setting. The property is fully occupied with rents currently below prevailing market levels, creating meaningful future income upside through natural turnover and strategic rental repositioning. Recent improvements have enhanced operational stability while preserving the timeless architectural character that makes properties of this scale increasingly difficult to replicate. Located just minutes from downtown, major hospitals, dining, and the thriving 16th Street corridor, the property benefits from strong long-term demand drivers and exceptional neighborhood appeal. The lower level offers substantial additional space for storage, amenity, workspace, or other potential future uses subject to buyer verification and approvals. This is a rare chance to acquire a true legacy asset in one of Indianapolis' premier historic neighborhoods.
Location
State IN
County Marion
Zoning Apartments General
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
New Construction false
Schools
School District Indianapolis Public Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
NEARBY SCHOOLS & PROPERTIES