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Listed by Kristin Glassburn • @properties
$ 1,050,000
Est. payment | /mo
3,484 Sqft Lot
$ 1,050,000
Est. payment | /mo
3,484 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision College Corner
MLS Listing ID 22124856
Year Built 2018
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Triplex
Property Description
Income-producing luxury triplex in Old Northside, one of downtown Indy's most in-demand rental markets! Three separate units deliver multiple income streams: a 3 bed/3.5 bath main house, a 2 bed/1 bath lower-level unit and a 1 bed/1 bath carriage house, 6 beds, 5.5 baths and 3.5 kitchens in all. Proven operating history shows an approx. 7.4% cap rate at list price (before taxes and insurance; financials available upon request). Keep it as a turnkey furnished rental, lease long-term, or owner-occupy one unit while the others help cover the mortgage. Finishes that command premium rents: chef's kitchen with Cafe appliances, open living and dining with abundant natural light, primary suite with walk-out balcony, and a third-floor entertainment level with half kitchen, full bath and rooftop hot tub with skyline views. Carriage house has its own kitchen and private patio. 3-car garage. Walk to the Monon Trail, Mass Ave and Bottleworks, where tenants and guests want to be!
Location
State IN
County Marion
Zoning D8
Rooms
Basement Ceiling - 9+ feet, Daylight, Egress Window(s), Finished, Full
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Exterior Feature Carriage/Guest House
Garage Spaces 3.0
View Y/N true
View Downtown, Neighborhood
Building
Story Three Or More
Foundation Concrete Perimeter
Architectural Style Contemporary, Traditional
Structure Type Wood Siding
New Construction false
Schools
School District Indianapolis Public Schools
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