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Taylor Thomas

realtor@taylorthomasrealty.com +1(317) 502-5098

Listed by Taylor Kumler • Kumler Realty

$ 3,400,000

Est. payment | -/mo

28,756 SqFt

Save

$ 3,400,000

Est. payment | -/mo

Save

28,756 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 28,756 sqft

Price per Sqft $118

MLS Listing ID 22109027

Year Built 1898

Tax Year 2024

Lot Size 696 Sqft

Acres 0.016

Property Sub-Type Multi-Family 5+

Property Description

Originally constructed in 1898 by local businessman Herman E. Martens, the building is a beautifully restored example of Classical Revival architecture, featuring unique pentagonal design elements, limestone detailing, and large bay windows. In the early 1990's the building was completely renovated and legally converted into 19 individual parcels. Martens HPR Unit #1 thru#19. The property was extensively renovated while preserving its historic character, offering residents a blend of vintage charm and modern convenience. The units have a combination of hardwood and vinyl flooring, new gourmet kitchens with stove, frig, microwave, dishwasher, disposal and granite/butcher block counters. Units have their own independent electric heat pumps for heating/cooling, electric water heater and 100-amp electric service. Today the building is operated as a 19-unit apartment house but could easily be converted to accommodate a multitude of investment opportunities. The building has nine-1 bedroom/one bathroom, one-1 bedroom/1.5 bathroom, eight- 2 bedroom/2 bathroom and one-2 bedroom/one bathroom. The buildings brick and limestone exterior, newer windows and updated electrical and plumbing keep maintenance cost low. Over the past few years, a new Firestone rubber membrane roof and two new Velux skylights have been installed. Situated near the intersection of Senate Avenue and Indiana Avenue, The Martens provides easy access to downtown Indianapolis attractions, cultural venues, restaurants, entertainment districts, and major employment centers. The building's central location within the Indianapolis Mile Square offer's easy access to both IU and Purdue's Indianapolis campuses (2 blocks to the west), Kroger's Grocery (1 block to the north), the Capitol Building (1 block to the south) and Lucas Oil Stadium (4 blocks to the south) The Martens offers a unique residential experience for those seeking historic character, a walkable downtown lifestyle in Indianapolis.

Location

State IN

County Marion

Zoning CBD

Rooms

Basement Apartment, Finished

Interior

Heating Heat Pump

Cooling Central Air

Fireplace N

Exterior

Utilities Available Electricity Connected, Sep Electric Meter, Sewer Connected, Water Connected

Roof Type Rubber

Building

Story Three Or More

Structure Type Brick

New Construction false

Schools

School District Indianapolis Public Schools

Nearby Locations

GET MORE INFORMATION

Taylor Thomas

Broker-Owner | Lic# RB19001934

realtor@taylorthomasrealty.com

+1(317) 502-5098

9465 Counselors Row, Ste. 200, Indianapolis, IN, 46240

315 N Senate AVE Indianapolis, IN 46204

Taylor Thomas

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

315 N Senate AVE