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Listed by Shannon McGibboney • Carpenter, REALTORS®
$ 359,999
Est. payment | /mo
5,227 Sqft Lot
$ 359,999
Est. payment | /mo
5,227 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Mccaslins Geo H 1St Add
MLS Listing ID 22129108
Year Built 1920
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Triplex
Property Description
Updated Triplex Near Downtown Indianapolis Located less than five minutes from downtown Indianapolis, this fully updated triplex offers immediate rental income and flexible owner-occupant or investment potential. The property includes: Front studio apartment Side 1-bedroom, 1-bathroom unit Rear 2-bedroom, 1-bathroom unit The studio and one-bedroom units are currently rented for a combined $2,500 per month, with payments made by the state for one year, providing established income to the new owner. The rear two-bedroom unit is renovated and furnished for use as a short-term rental or as a private owner-occupant residence. A buyer can live in the rear unit while rental income from the other two units helps offset monthly expenses-potentially creating an opportunity to live at a significantly reduced cost. Additional features include two separate utility meters, allowing utilities to be divided between units, included fixtures, separate fencing for privacy around the rear unit, and independently controllable heating and cooling. With its convenient downtown location, updated condition, existing rental income, and flexible living options, this triplex is an excellent opportunity for an investor or owner-occupant.
Location
State IN
County Marion
Interior
Fireplace N
Building
Story One and One Half
New Construction false
Schools
School District Indianapolis Public Schools
Others
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