Not your typical triplex. This impressive duplex plus separate carriage house offers the combination investors rarely find: character, scale, strong current income and significant recent improvements-all three residences already leased into spring 2027. The main building is filled with architectural details that set it apart, including beautiful original woodwork, hardwood floors, substantial room sizes, distinctive staircase and decorative fireplaces. The property includes an approximately 1,730 SF 3BR/1BA upper residence leased at $1,825/month, an approximately 1,450 SF 2BR/1BA lower residence leased at $1,680/month, and a separate approximately 1,100 SF 3BR/1.5BA carriage house leased at $1,600/month. Current scheduled rent totals $5,105 per month/$61,260 annually. Major recent improvements include new high-efficiency HVAC systems and water heaters for both duplex units in 2026 and foundation tuckpointing in 2025. The carriage house offers additional independence with its own laundry and tenant-paid gas, electric and water. The upper-unit electric is separately metered but is included under the current lease and may be shifted to the tenant at renewal. Seller is willing to consider a contribution toward future exterior painting with an acceptable offer. An exceptional opportunity for an investor seeking an occupied three-unit property with established income, larger units, architectural character and substantial improvements already completed.
Listing Courtesy of: No Limit Real Estate, LLC
317-440-2149
Agent licensed in IN
| Listing Id: | 22130121 |
|---|---|
| List Price: | $629,900 |
| Property Type: | Residential Income |
| Property Sub Type: | Triplex |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Semi Annual Property Tax Amt: | $7,343 |
| Lot Size Acres: | 0.11 |
| Waterfront?: | No |
| City: | Indianapolis |
| County Or Parish: | Marion |
| Subdivision Name: | Eliz Talbotts |
| Postal Code: | 46202 |
| Year Built: | 1895 |
| Number Of Units Total: | 3 |
| Basement: | No |
| Building Area Source: | Appraiser |
| High School District: | Indianapolis Public Schools |
| Construction Materials: | Wood Siding |
| MLS Area Major: | Center |
| Current Use: | Apt<20 |
| Directions: | GPS Friendly |
| Foundation Details: | Brick/Mortar |
| Levels: | Two |
| Acres: | <1/4 Acre |
| Affectedby Disclosures: | No |
| Insurance Expense: | $2,001 |
| Building Utilities: | Sewer, Water |
| Laundry Features: | Common Laundry |
| Security Features: | Fire Alarm, Smoke Detector(s) |
| Conversion: | Yes |
| Lot Features: | Access, Corner Lot, Sidewalks |
| DPRYN: | No |
| Expenses: | 18827 |
| Price Acre: | 5726364 |
| Price Unit: | 209967 |
| Property Condition: | Updated/Remodeled |
| Road Access: | Not Applic |
| Solid Waste: | Yes |
| Trans Type: | Sale |
| Unit Parking: | On Street |
| Original List Price: | $629,900 |
| Owner Pays: | Insurance |
| Parcel Number: | 490636176108000101 |
| Possession: | Closing |
| Postal Code Plus4: | 1416 |
| State Or Province: | IN |
| Structure Type: | Triplex |
| Tax Year: | 2025 |
| Fence Yn: | Yes |
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MIBOR Broker Listing Cooperative® data last updated on October 09, 2026 01:51 AM - ET
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Property Last Updated: October 09, 2026 01:51 AM - ET
