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Listing provided courtesy of Keller Williams Indpls Metro NMLS# MBR22094650MLS Provider
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Located just minutes from downtown Indianapolis, this multifamily property offers significant potential for redevelopment or repositioning. The building includes a surface parking lot and is situated in a highly accessible location near major employers, shopping, dining, and entertainment. This presents an excellent opportunity for an investor to add value in a growing rental market. The property is in distressed condition and will require a full renovation. Limited information is available, and buyers are encouraged to perform their own due diligence. Property is located within the Herron-Morton Place Historic District.

Source: MIBOR, MLS#: MBR22094650

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  • Property Type
    Residential Income
  • Lot
    0.19 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1627 N Talbott Street

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/16/2026Source: MIBOR Price Reduction
$250,000 -3.8%
6/16/2026Source: MIBOR Price Reduction
$250,000 -3.8%
5/5/2026Source: MIBOR Price Reduction
$260,000 -5.5%
5/5/2026Source: MIBOR Price Reduction
$260,000 -5.5%
4/10/2026Source: MIBOR Status Change
Active
4/10/2026Source: MIBOR Added to Database
April 10, 2026
1/28/2026Source: MIBOR Status Change
Pending
12/31/2025Source: MIBOR Status Change
Active
10/22/2025Source: MIBOR Status Change
Pending
10/20/2025Source: MIBOR Price Reduction
$275,000 -8.3%
9/26/2025Source: MIBOR Added to Database
September 26, 2025