Key facts
- Living area
- 10,000 sqft
- Lot
- 0.22 acres
- Year built
- 1917
- Type
- Commercial Sale · Multi Family
- Stories
- Three or more
- MLS #
- 22103297
- County
- Marion
- Total building area
- 10,000 sqft
About this home
Capitalize on the incredible momentum and rapid redevelopment in the historic Hasselman Place neighborhood. Located just blocks from major transit corridors and cultural hotspots, this exceptional 10-unit apartment building delivers a highly desirable asset mix built for modern urban living: six expansive 3-bedroom units and four comfortable 2-bedroom units. This value-add property offers immense revenue upside, with a projected gross monthly income of $22,000 upon stabilization. Stabilized pro-forma metrics indicate 3-bedroom units can easily command $2,600/month, while the 2-bedroom units secure $1,900/month. Currently zoned D-5, this property presents a premier play for forward-thinking investors ready to secure a zoning variance and unlock the full operational cash-flow potential of this historic location.
Description provided by the listing brokerage.
Interior
- Laundry
Exterior
- Construction
- Parking and garage
Systems
- Utilities
Lot and HOA
- Lot features
- Zoning
- d5
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $5,156 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2024
Estimate your monthly payment
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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