15 days on rocket

3505 N Pennsylvania St, Indianapolis, IN, 46205

$1,150,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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3505 N Pennsylvania St, Indianapolis$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1920
BasementYes
MLS #22013587
Lot Size0.68 Acres
StatusActive

About 3505 N Pennsylvania St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: My Agent
  • Office Email: niabush26@gmail.com
  • Listing Agent: Nicholas Bush

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.68 Acres

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000

Tax Information:

  • Annual Amount: $8,478
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Indianapolis, IN.

Med. Sold Price

$248.1K

Med. Price/SqFt

$140

Avg. Days On Market

36

# of Sold Homes

830

3505 N Pennsylvania St vs Indianapolis

15 DAYS ON ROCKET

-21 Days

$1,150,000

+$901.8K More

KEY TAKEAWAY

This property is $901.8K more than the Median Sold Price in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #22013587

Listing Office:

  • Office Name: My Agent
  • Office Email: niabush26@gmail.com
  • Listing Agent: Nicholas Bush

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to helpdesk@miborsupport.com and DMCAnotice@MLSGrid.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 10:46:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 06, 2018Home Sold
$470,000
Jul 11, 2018Home Sold
$396,000
Oct 31, 2005Home Sold
$425,000

Tax History

YEARPROP. TAXASSESSMENT
2020$8,478$367,500
2019$7,851$359,100
2018$6,820$319,100
2017$6,486$309,900

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4341099
4
/10
  • Louis B Russell Jr School 48

  • 3445 Central Ave

  • 0.25 miles

  • Public Charter Grades KG-6

school-card-donut-4341100
3
/10
  • Kipp Indy Unite Elementary School

  • 1740 E 30th St

  • 1.42 miles

  • Public Charter Grades KG-5

school-card-donut-4341101
1
/10
  • Tindley Genesis Academy

  • 4020 Meadows Pkwy

  • 2.15 miles

  • Public Charter Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,500. The majority of Indianapolis, IN residents have income less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket HomesIndianaMarion CountyIndianapolis462053505 N Pennsylvania St

This home is located at 3505 N Pennsylvania St in Indianapolis, IN and zip code 46205 in the Mapleton / Fall Creek neighborhood. This home, which was built in 1920, sits on a 0.68 acre lot. It has been listed on Rocket Homes since December 03, 2024 and is currently priced at $1,150,000.

Over 170 listings were sold over their listed price in November 2024 in Indianapolis, IN. In the same period over 429 listings were sold below the listed price and 231 listings were sold for the listed price. Between October 2024 and November 2024, Indianapolis, IN real estate market has seen decrease in the number of listings by 5.8%. Listings spent 36 days on the market in November 2024, and had a median list price of $248,146 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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