Discover a prime investment opportunity in the heart of downtown! Gross Rents over 120K! 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.
Sold
$900,550
3505 N Pennsylvania St, Indianapolis, IN 46205
1beds
1baths
--sqft
Multi Family, Quadruplex
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$1,069 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,069/mo
Zestimate® history
Owner options
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$4,528/mo
Est. payment
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$4,528/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Nicholas Bush 317-690-2856,
My Agent
Bought with:
Jeffrey Cotterman
eXp Realty, LLC
Darice Snorten
eXp Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22013587
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Features
- Has basement: Yes
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.68 Acres
Details
- Parcel number: 490624164032000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Condition
- New construction: No
- Year built: 1920
Community & HOA
Community
- Subdivision: Washington Park Add
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $515,200
- Annual tax amount: $17,292
- Date on market: 12/3/2024
- Cumulative days on market: 255 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Listing removed | $1,249 |
Source: Zillow Rentals Report a problem | ||
| 1/27/2026 | Listed for rent | $1,249 |
Source: Zillow Rentals Report a problem | ||
| 12/12/2025 | Sold | $900,550-8.6% |
Source:  MIBOR as distributed by MLS GRID #22013587 Report a problem | ||
| 9/19/2025 | Pending sale | $985,000 |
Source: MIBOR as distributed by MLS GRID #22013587 Report a problem | ||
| 8/7/2025 | Listed for sale | $985,000 |
Source: MIBOR as distributed by MLS GRID #22013587 Report a problem | ||
| 7/18/2025 | Pending sale | $985,000 |
Source: MIBOR as distributed by MLS GRID #22013587 Report a problem | ||
| 7/15/2025 | Price change | $985,000-8.4% |
Source: MIBOR as distributed by MLS GRID #22013587 Report a problem | ||
| 5/13/2025 | Price change | $1,075,000-6.5% |
Source: MIBOR as distributed by MLS GRID #22013587 Report a problem | ||
| 4/17/2025 | Listed for sale | $1,150,000 |
Source: MIBOR as distributed by MLS GRID #22013587 Report a problem | ||
| 4/1/2025 | Pending sale | $1,150,000 |
Source: MIBOR as distributed by MLS GRID #22013587 Report a problem | ||
| 12/3/2024 | Listed for sale | $1,150,000+65.5% |
Source: MIBOR as distributed by MLS GRID #22013587 Report a problem | ||
| 12/11/2021 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21751518 Report a problem | ||
| 11/4/2021 | Pending sale | $695,000 |
Source: MIBOR as distributed by MLS GRID #21751518 Report a problem | ||
| 5/18/2021 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21751518 Report a problem | ||
| 2/1/2021 | Pending sale | $695,000 |
Source: MIBOR as distributed by MLS GRID #21751518 Report a problem | ||
| 1/19/2021 | Price change | $695,000-10.3% |
Source: MIBOR as distributed by MLS GRID #21751518 Report a problem | ||
| 12/11/2020 | Price change | $775,000-2.5% |
Source: MIBOR REALTOR Association #21751518 Report a problem | ||
| 11/11/2020 | Listed for sale | $795,000+69.1% |
Source: MIBOR REALTOR Association #21751518 Report a problem | ||
| 8/6/2018 | Sold | $470,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,425 -10.8% | $515,200 -25.6% |
| 2024 | $17,292 +82.6% | $692,100 -5.1% |
| 2023 | $9,468 +11.7% | $729,000 +81.8% |
| 2022 | $8,478 -0.4% | $401,000 +9.1% |
| 2021 | $8,510 +0.4% | $367,500 |
| 2020 | $8,478 +11.5% | $367,500 +2.3% |
| 2019 | $7,602 +15.5% | $359,100 +12.5% |
| 2018 | $6,580 +1.4% | $319,100 +3% |
| 2017 | $6,486 -2.5% | $309,900 +2.9% |
| 2016 | $6,652 -13.1% | $301,100 -15% |
| 2014 | $7,656 -17.1% | $354,100 |
| 2013 | $9,238 | $354,100 +0.3% |
| 2012 | $9,238 | $353,000 +50.5% |
| 2011 | -- | $234,500 |
| 2010 | $5,196 -1.4% | $234,500 |
| 2009 | $5,270 | $234,500 |
Find assessor info on the county website
Neighborhood: Mapleton-Fall Creek
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Nearby schools
GreatSchools rating
- 5/10William Bell School 60 - A Butler Lab Reggio Emilia SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 1.6 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 0.1 mi
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- Indiana
- Marion County
- Indianapolis
- 46205
- Mapleton-Fall Creek
- 3505 N Pennsylvania St
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