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… Read More 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. Read Less
Courtesy of Kumler Realty, 317-955-8798.
Listing Snapshot
Days Online
18
Last Updated
Property Type
Multi-Family 5+
Square Ft.
28,756
Lot Size
0.02 Acres
Year Built
1898
MLS Number
22109027
30 Days Snapshot Of 46204
$373k
+14%
(avg) sold price
8
-27%
homes sold
125
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "Apartment", "Finished"
Building
Building Area: 28756, Construction Materials: Brick, Levels: Three Or More, Year Built: 1898
Cooling
Details: Central Air
Heating
Heating: Heat Pump
Laundry
Description: Laundry Room
Lot
Acres: 0.016, MLS Acres: <1/4 Acre
Property
Zoning: CBD
Roof
Description: Rubber
Utilities
Utilities: "Electricity Connected", "Sep Electric Meter", "Sewer Connected", "Water Connected"
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