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Listed by Denis O'Brien • Keller Williams Indy Metro Partners
$ 300,000
Est. payment | /mo
10,454 Sqft Lot
$ 300,000
Est. payment | /mo
10,454 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Mars Hill
MLS Listing ID 22128908
Year Built 1935
Tax Year 2025
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Triplex
Property Description
A rare opportunity offering flexibility, space, and income potential-all in one property. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or create a multi-generational living arrangement, this fully renovated tri-plex offers options that are hard to find. The property features three separate living spaces with a total of 7 bedrooms and 3 bathrooms. The main residence offers a spacious 3-bedroom, 1-bath layout, while the in-law quarters provide a private 2-bedroom, 1-bath setup. The third unit adds another 2 bedrooms and 1 bathroom, along with its own dedicated laundry room for added convenience. Previously generating approximately $5,000 per month in total rental income, this property offers compelling income potential for an investor or an owner-occupant looking to live in one unit while renting the others. Extensive renovations have already been completed throughout the property, including new HVAC systems, water heaters, plumbing, electrical, waterproof flooring, fresh interior paint, updated bathrooms, new faucets, appliances, and a new garage door. A 2-car garage provides additional value with space for parking, storage, or hobbies. With three living spaces, extensive updates, and multiple ways to use the property, this is more than just a home-it's an opportunity to create income, flexibility, and long-term value under one roof.
Location
State IN
County Marion
Interior
Heating Baseboard, Forced Air
Cooling Central Air, Wall Unit(s)
Fireplace N
Exterior
Exterior Feature Gutter Guards
Garage Spaces 2.0
View Y/N false
Roof Type Asphalt
Building
Story One
Foundation Block
Architectural Style Bungalow
Structure Type Aluminum Siding
New Construction false
Schools
School District Indianapolis Public Schools
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