Victorian charm and excellent rental income potential across from Seminary Park! This six-unit property includes three units in the nearly 3,000 SF main home and three in a separate carriage house of nearly 1,300 SF. Five units are currently rented; reported cap rate is approximately 8.5%. Set on a corner lot with mature trees, this well-maintained 1900's Victorian features classic architectural details, two covered porches, gingerbread trim, two gorgeous staircases with hand carved detail, beautiful unpainted woodwork throughout, solid oak doors, original built-ins, and even some original hardwood flooring in one living space. All units have updated flooring, fresh paint, and newer pex plumbing. The roof and boiler are approximately five years old and there are even new windows in the carriage house! To further improve rental income, there is more potential with some kitchen and bathroom updating and also exterior paint touch-ups. Continue the rental use, explore living in one unit while renting the others, or consider restoring the main home to a single-family residence while retaining carriage-house rentals, subject to required approvals and existing leases. Original doors and doorways remain behind drywall. Walkability to downtown Noblesville's shopping, dining, historic courthouse, walking trails and nearby parks make it attractive to tenants who want to be part of the very special culture this town brings. Many festivals, farmers markets, music in the park, first Fridays, all make it a very fun and inviting community. Noblesville is highly rated for it's ...
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Listing Courtesy of: Keller Williams Indy Metro NE
317-201-4110
Agent licensed in IN
| Listing Id: | 22131406 |
|---|---|
| List Price: | $450,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Semi Annual Property Tax Amt: | $3,917 |
| Lot Size Acres: | 0.2 |
| Architectural Style: | Victorian |
| Waterfront?: | No |
| City: | Noblesville |
| County Or Parish: | Hamilton |
| Postal Code: | 46060 |
| Year Built: | 1900 |
| Number Of Units Total: | 6 |
| Basement: | No |
| Basement: | Exterior Entry, Interior Entry |
| Building Area Source: | Assessor |
| High School District: | Noblesville Schools |
| Building Area Total: | 4,265 |
| Construction Materials: | Wood Siding, Vinyl Siding |
| MLS Area Major: | Noblesville |
| Cooling: | Window Unit(s) |
| Current Financing: | Conventional |
| Current Use: | Residential |
| Directions: | GPS Friendly |
| Elementary School: | Stony Creek Elementary School |
| Exterior Features: | Carriage/Guest House |
| Foundation Details: | Block, Brick/Mortar |
| Heating: | Baseboard, Hot Water |
| High School: | Noblesville High School |
| Roof: | Shingle |
| Levels: | Two |
| Acres: | <1/4 Acre |
| Affectedby Disclosures: | No |
| Insurance Expense: | $5,698 |
| Building Utilities: | Municipal Storm Connected, Water |
| Laundry Features: | Main Level |
| Conversion: | No |
| Lot Features: | City Lot, Corner Lot, Sidewalks, Mature Trees |
| Divisible: | No |
| DPRYN: | No |
| Parking Features: | On Street |
| Multi Tenants: | Yes |
| Price Acre: | 2250000 |
| Price Unit: | 75000 |
| Solid Waste: | Yes |
| Space Available: | 4265 |
| Sprinkler: | None |
| Trans Type: | Sale |
| Unit Parking: | On Street |
| Middle Or Junior School: | Noblesville East Middle School |
| Net Operating Income: | $38,232 |
| Original List Price: | $450,000 |
| Other Equipment: | Varies by Unit |
| Owner Pays: | Electricity, Gas, Insurance, Taxes, Trash Collection, Water |
| Parcel Number: | 291106502008000013 |
| Possession: | Subject To Tenant Rights, Other |
| Possible Use: | Residential |
| Postal Code Plus4: | 2749 |
| Road Frontage Type: | City Street |
| Road Surface Type: | Asphalt |
| Special Listing Conditions: | As Is |
| State Or Province: | IN |
| Stories: | 2 |
| Structure Type: | FreeStand |
| Tax Year: | 2025 |
| Tenant Pays: | Electricity |
| Utilities: | Electricity Connected, Natural Gas Connected, Sep Electric Meter, Water Connected |
| Zoning: | Residential |
| View: | Park/Greenbelt |
| View?: | Yes |
| Direction Faces: | East |
| Operating Expense: | $8,000 |
| Fence Yn: | No |
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MIBOR Broker Listing Cooperative® data last updated on October 15, 2026 03:54 AM - ET
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Property Last Updated: October 15, 2026 03:54 AM - ET
