REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jim Bardes

james.bardes@exprealty.com +1(317) 442-1698

Listed by Kim Alexander • Keller Williams Indy Metro NE

$ 450,000

Est. payment | -/mo

4,265 SqFt

Save

$ 450,000

Est. payment | -/mo

Save

4,265 SqFt

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,265 sqft

Price per Sqft $105

MLS Listing ID 22131406

Year Built 1900

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Multi Family

Property Description

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 is 5 yrs and boiler is approximately 2 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 schools and is also well known as one of the best communities to invest in nationwide.

Location

State IN

County Hamilton

Zoning Residential

Rooms

Basement Exterior Entry, Interior Entry

Interior

Heating Baseboard, Hot Water

Cooling Window Unit(s)

Equipment Varies by Unit

Fireplace N

Exterior

Exterior Feature Carriage/Guest House

Utilities Available Electricity Connected, Natural Gas Connected, Sep Electric Meter, Water Connected

View Y/N true

View Park/Greenbelt

Roof Type Shingle

Building

Story 2

Foundation Block, Brick/Mortar

Architectural Style Victorian

Structure Type Wood Siding,Vinyl Siding

New Construction false

Schools

Elementary Schools Stony Creek Elementary School

Middle Schools Noblesville East Middle School

High Schools Noblesville High School

School District Noblesville Schools

Nearby Locations

GET MORE INFORMATION

Jim Bardes

+1(317) 442-1698

397 S 10th ST Noblesville, IN 46060

Jim Bardes

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby Locations

GET MORE INFORMATION