$1,450,000
$50K PRICE DROP

3959 Central Ave Indianapolis, IN 46205

Meridian Kessler Neighborhood

Estimated payment $9,071/month

Total Views 7,024
5 Beds
5 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Popular Property
  • Home Security System
  • Forced Air Heating and Cooling System

About This Home

Extraordinary live/work opportunity in Meridian Kessler! Rarely do unique properties like this come available in this sought-after space, and this one is impressive. This three-story building with a finished lower level offers both residential and commercial uses. A special use variance allows for many commercial opportunities - a full list is included in the attachments. The main level commercial space offers 5 Offices / 2 Conference Rooms / 2 Half Baths. The second floor commercial space is complete with expansive 56x28 foot room with loads of natural light and complete with kitchen, storage, and bathroom. The third floor is the primary apartment, which underwent a complete renovation in 2014. This space honors the building's 1915 heritage with original oak paneled walls, vaulted and beamed ceilings, and incredible style. The apartment offers two bedrooms and two fully renovated full baths. The kitchen is stunning with large center island, leathered granite, and ample storage. This beautiful kitchen opens to an extraordinary great room with vaulted ceilings and gas fire place. The unit boasts a nearly 40 foot covered deck further expanding the home's footprint and providing additional entertaining space. Finally the basement of the building offers another apartment renovated in 2020 and offering exceptional style and space. There are so many exceptional details and opportunities inside this historic building, its hard to detail - you'll simply have to see it to understand is magnitude.

Listing Agent

Matt McLaughlin

F.C. Tucker Company License #RB14049997 Listed on: 06/09/2025

F.C. Tucker Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,462

Year Built

  • Built in 1915

Parking

  • 4 Car Garage
  • Common or Shared Parking

Interior Spaces

  • 3-Story Property
  • Laundry in Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Fire and Smoke Detector

Additional Features

  • 9,950 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • Ardmore Subdivision

Listing and Financial Details

  • Tax Lot L20
  • Assessor Parcel Number 490613125112000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,462

Year Built

Built in 1915

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1915
  • Lot Size Acres: 0.23
  • Subdivision Name: Ardmore
  • Transaction Type: Sale
  • Website: https://callmatt.in/properties/sale
  • Conversion: Yes
  • Price Unit: 362500
  • Special Features: VirtualTour

Interior Features

  • Levels: Three Or More
  • Total Bathrooms: 5
  • Total Bedrooms: 5

Exterior Features

  • List Price: 1450000
  • Road Access: Not Applic

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Common

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Connections All, Main Level, Upper Level, In Basement
  • Security Features: Fire Alarm, Security System, Fire Sprinkler System
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Lot Size Sq Ft: 9950
  • Parcel Number: 490613125112000801
  • Acres: <1/4 Acre
  • Price Acre: 6304348

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 12462
  • Tax Lot: L20
  • Semi Annual Property Tax Amt: 6231

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 Price Changed $1,450,000 -3.3% $141 / Sq Ft
06/13/2025 06/13/25 For Sale $1,500,000 -- $145 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22043901

MIBOR Broker Listing Cooperative®

Indiana Marion County Indianapolis 46205 Meridian Kessler

3959 Central Ave, Indianapolis, IN

This home is located at 3959 Central Ave, Indianapolis, IN 46205 and is currently priced at $1,450,000. This property was built in 1915. 3959 Central Ave is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Arsenal Technical High School, and George Washington Community High School (9-12).

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the 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. Some IDX listings have been excluded from this website.

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Matt McLaughlin
Listing Agent
Matt McLaughlin
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F.C. Tucker Company
(317) 458-5738