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2325 Shelby Street

Indianapolis, IN 46203

ActiveListed Jan 7, 2026 · 104 days on market

Key facts

Living area
9,720 sqft
Lot
0.29 acres
Year built
1940
Type
Commercial Sale · Multi Family
Stories
Two
MLS #
22078931
County
Marion
Total building area
9,720 sqft

About this home

Building offers 12 studio apartment units located near Fountain Square and just minutes from downtown Indy. Adjacent to the building is a paved parking lot allowing for 8 vehicles and has additional street parking. Tenants currently have month to month leases and rent includes water/heat. Owner is selling 2 parcels together and does not want to separate. Please see MIBOR website for listing ID's #22078961 & #22078931.

Description provided by the listing brokerage.

Exterior

Parking and garage
Alley Access

Systems

Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedWater Connected

Lot and HOA

Zoning
C3

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$3,832 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$6,384per month, estimated
Principal and interest $5,671Property tax $319Insurance $394
20% · $225,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$1,125,000
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