3505 North Pennsylvania Street

Indianapolis, IN 46205

$1,150,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover a prime investment opportunity in the heart of downtown! This exceptional 10-unit brick apartment complex, comprised of two five-unit buildings, offers unparalleled access to the city's vibrant atmosphere. Situated with close access to major highways, providing easy access to surrounding areas and major attractions. Located within 10mins to major sporting events, ensuring a steady stream of potential tenants. With 10 units, this property offers a stable income stream and potential for future...Discover a prime investment opportunity in the heart of downtown! This exceptional 10-unit brick apartment complex, comprised of two five-unit buildings, offers unparalleled access to the city's vibrant atmosphere. Situated with close access to major highways, providing easy access to surrounding areas and major attractions. Located within 10mins to major sporting events, ensuring a steady stream of potential tenants. With 10 units, this property offers a stable income stream and potential for future appreciation. This property boasts steady tenants and is investor-friendly. Don't miss out on this incredible opportunity to own a thriving downtown brick apartment complex.
  1. Listed by Nicholas Bush • My Agent • niabush26@gmail.com

Property Details for 3505 North Pennsylvania Street

Township
Center
Waterfront
No
Zoning
mutli Family
LISTING UPDATED: 12/02/2024 07:42 PM

Property Details for 3505 North Pennsylvania Street

StatusActive
MLS #22004099
Days on Market85
Taxes$4,734 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1920
Lot Size0.68 AC / 29,620 SF
CountyMarion County

Building Information for 3505 North Pennsylvania Street

Stories-Residences10Year Built1920Building Size-Lot Size0.68 AC / 29,620 SF

Property Information for 3505 North Pennsylvania Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46205
  • Postal Code Plus4: 3419
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490624164032000101
  • Semi Annual Property Tax Amt: 4734
  • Tax Year: 2023
  • TaxLot: 1016682
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Current Use: Multi-Family
  • Lot Description: Access, Not In Subdivision, Mature Trees
  • Lot Size Square Feet: 29534.0
  • Lot Size Acres: 0.68
  • New Construction: False
  • Space Available: 10
  • Structure Type: Apartment Complex
  • Sq Ft Total: 10.0
  • Year Built Numeric: 1920
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: Wash Pk Add Pt L87 ' N Se Cor P.O.B. N100' W295.3' S100' E295.3' To Beg
  • Photos Count: 34
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Municipal Storm Connected,Water
  • Sprinkler: None
  • Utilities: Cable Available, Electricity Connected, Gas, Sewer Connected, Water Connected
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
  • Levels: Two
  • Laundry Features: Common Laundry
Multi Family
Multi-Family Information
  • Total Units: 10
Unit 1
  • Unit Kitchen: 650
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
Rental
Rental Information
  • Multi Tenants: Yes

Property History for 3505 North Pennsylvania Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3505 North Pennsylvania Street

Taxable ValueLand$143,400Additions$585,600Total$729,000
Tax Record2023$17,292 ($1,441 / month)
Home Facts
Total Finished SqFt4,104 SqFtAbove Grade Finished SqFt4,104 SqFtStories2Lot Size29,534 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920Year Renovated1980ZoningZO01CountyMARIONAPN49-06-24-164-032.000-101

Schools near 3505 North Pennsylvania Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
James Whitcomb Riley School 43
PublicPK to 8

Arsenal Technical High School
Public9 to 12

Shortridge High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3505 North Pennsylvania Street is a multi-family home for sale in Indianapolis, IN 46205. This property was listed for sale on September 28, 2024 by My Agent, it's currently listed at $1,150,000. It has been on the market for a total of 85 days and was last sold on January 19, 2022. This listing's school district is Indianapolis Public Schools. Nearby schools include James Whitcomb Riley School 43, George Washington Community High School (9-12) and Arsenal Technical High School. 3505 North Pennsylvania Street is a 0-bed, 0-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of My Agent

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.