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2101 N Pennsylvania Street Indianapolis, IN $ 1,555,000
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$ 1,555,000 Get more info
2101 N Pennsylvania Street
$ 1,555,000
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2101 N Pennsylvania Street

Indianapolis, IN, 46202
$ 1,555,000
Bedrooms-- Baths-- Sq 13,524

Monthly Estimate*

$ 10,740

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Commercial Property for sale in Indianapolis, IN

for $1,555,000. This 13,524 square foot building was built on a lot size of 0.14.

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.

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Commercial Active

Price

$ 1,555,000

Property Type

Commercial

Taxes

$ 10,760

Style

Multi Family

Lot Size

0.14

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22067612
Features
General
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Closing Subject To Tenant Rights
Zoning Apartments General
Township Center
Property Subtype Multi Family
Tax Year 2024
Current Use Apt<20
Building Name ELIZ TALBOTTS
County Marion
New Construction N
Property Type Commercial Sale
Status Active
Directions From 16th and Pennsylvania north to property
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 6
MLS Area 4910 - Marion - Center
Lot Size Square Feet 6240
Property Attached Y/N N
Standard Status Active
Tax Lot 49-06-36-176-184.000-101
Legal Description Eliz Talbotts Revised Add L65 Also 22Ft S Side L64
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Exterior
Building Area Total 13524
Lot Size Acres 0.14
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Interior
Laundry Features Common Laundry
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* Excluded Features
List By
No Limit Real Estate, Llc

Broker

charlenegaard@aol.com

Email

Affordability Calculator

$11,637
Per Month
92%
8%
0%
Monthly Principal & Interest
$10,740
Monthly Property Taxes
$897
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
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Pricing History
Date Price Price Change Description
10/10/2025 $1,555,000 Listed Price

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2101 N Pennsylvania Street, Indianapolis, IN, 46202 is a Commercial Property for sale at $1,555,000 with 13,524 sqft and a lot size of 0.14. The property's zip code is 46202 which is in Indianapolis, IN

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