1627 N Talbott St, Indianapolis, IN, 46202
About This Home
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.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1867
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Quadruplex
Interior
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
Property
Details
- Parcel number: 490636176012000101
- Special condition: As Is,Corporate Owned,Historic District
Features
- Levels: Three Or More
Lot
- Lot size: 8,276 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Earthquake
- Heat Wave
- Inland Flooding
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,264 | $15,168 |
| Home Insurance * | $118 | $1,416 |
| Property Taxes | $412 | $4,944 |
| Electricity | $184 | $2,212 |
| Total | $1,978 | $23,736 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Price change | $260,000 |
| 2026-04-10 | Listed for sale | $275,000 |
| 2026-01-27 | Listing removed | $275,000 |
| 2026-01-09 | Listed for sale | $275,000 |
| 2025-10-22 | Listing removed | $275,000 |
| 2025-10-20 | Price change | $275,000 |
| 2025-09-26 | Listed for sale | $300,000 |
| 2025-05-14 | Sold | $999,000 |
| 2023-05-09 | Sold | $550,500 |
| 2020-07-29 | Sold | $575,000 |
| 2019-12-04 | Sold | $455,000 |
| 2014-11-07 | Sold | $305,000 |
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