Indianapolis, IN 46202,1340 N Park AVE
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Indianapolis, IN 46202,1340 N Park AVE
Indianapolis, IN 46202,1340 N Park AVE
Indianapolis, IN 46202,1340 N Park AVE
Indianapolis, IN 46202,1340 N Park AVE
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Randy Worrell

Randy Worrell

+1(317) 590-5709
Listed by Max Moore • @properties
$ 1,799,999
Est. payment /mo
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Active

1340 N Park AVE Indianapolis, IN 46202

0.33 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 22075803

Year Built 1890

Tax Year 2024

Lot Size 0.330 Acres

Acres 0.33

Property Sub-Type Quadruplex

Property Description

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.

Location

State IN

County Marion

Interior

Heating Heat Pump

Cooling Ductless, Heat Pump

Fireplace N

Building

Structure Type Brick

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Paramount School of Excellence

    Public | KG - 8

  • 6

    Center For Inquiry School 2

    Public | KG - 8

  • 6

    The Challenge Foundation Academy

    Public | KG - 5

  • 4

    Theodore Potter School 74

    Public | KG - 6

  • 3

    William Penn School 49

    Public | KG - 6

  • 3

    William a Bell School 60 Reggio Academy

    Public | PK - 3

  • 3

    William Mckinley School 39

    Public | PK - 6

  • 2

    Daniel Webster School 46

    Public | KG - 8

  • 2

    Riverside School 44

    Public | PK - 6

  • 2

    James a Garfield School 31

    Public | KG - 8

  • 2

    Thomas D. Gregg Elementary School 15

    Public | PK - 6

  • 1

    Elder W Diggs School 42

    Public | PK - 6

  • 1

    James Whitcomb Riley School 43

    Public | KG - 8

  • 1

    Louis B Russell Jr School 48

    Public | PK - 6

  • 1

    Se Neighborhood School of Excellence

    Public | KG - 7

  • 1

    Washington Irving School 14

    Public | PK - 6

  • 1

    Francis Parker Montessori School 56

    Public | PK - 8

  • 1

    Joyce Kilmer School 69

    Public | KG - 6

  • 1

    Brookside School 54

    Public | KG - 6

  • 1

    James Russell Lowell School 51

    Public | PK - 6

Middle Schools 7
  • 1

    H L Harshman Middle School

    Public | 7 - 8

  • 0

    Key Learning Community Jr High School

    Public | 6 - 8

  • 0

    Crispus Attucks Med Mgnt Jr High School

    Public | 6 - 8

  • 0

    Carpe Diem - Meridian Campus

    Public | 6 - 12

  • 0

    Shortridge Law & Pub Pol Mag Jr High School

    Public | 6 - 8

  • 0

    Longfellow Magnet Middle School

    Public | 7 - 8

  • 0

    Tindley Preparatory Academy

    Public | 6 - 8

High Schools 9
  • 10

    Herron High School

    Public | 9 - 12

  • 5

    Crispus Attucks Medical Magnet High School

    Public | 9 - 12

  • 5

    Charles a Tindley Accelerated School

    Public | 9 - 12

  • 4

    Key Learning Community High School

    Public | 9 - 12

  • 4

    Shortridge Law & Public Plcy Mg High School

    Public | 9 - 12

  • 1

    Indianapolis Metropolitan High School

    Public | 9 - 12

  • 1

    Arsenal Technical High School

    Public | 9 - 12

  • 0

    The Excel Center - Lafayette Sq

    Public | 9 - 12

  • 0

    Excel Center for Adult Learners

    Public | 9 - 12

School and business data provided by Attom Data.
Randy Worrell

Randy Worrell

Broker

+1(317) 590-5709

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1340 N Park AVE