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Renovated Triplex-Style Income Property

2018 Prospect Street Indianapolis, IN 46203

2018 Prospect Street, Indianapolis, IN, 46203
$475,000
For Sale
$475,000

MULTI_FAMILY - Indianapolis, IN

Lot Size0.09 Acres
Days on Market17

Property Features for 2018 Prospect Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Exterior features
Balcony
Standard status
Active
APN
491007168001000101
Lot size
0.09 Acres

Taxes and HOA fees

Tax Year
2024
Tax Description
Vandeman & Hunters Evergreen L2

Building Details

Year built
1910
Number of units
3
Listing Agency Keller Williams Indy Metro Partners
Kingston St Ste 100 8102, Avon, IN
Listed by Gloria Gear · License #RB16001575
Added: Jul 1 Checked: Jul 17 at 3:06 pm
MLS# 22111493 Listing URL

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This fully renovated duplex/triplex-style property is designed for multiple income streams, featuring two matching 2-bedroom, 2-bath units with modern finishes, open layouts, and independent in-unit laundry. In addition, one side includes a private studio-style in-law/bonus suite with its own separate entrance, creating a distinct space that can be used as an extra rental unit.

The home is located at 2018 Prospect Street in Indianapolis, Indiana 46203, in Marion County. The property has been upgraded throughout for a turnkey ownership experience.

From an operational standpoint, the layout supports separate occupancy across the two 2-bedroom units and the standalone studio suite. Both 2-bedroom units offer full-size living arrangements with in-unit laundry, while the separately entered studio provides a separate option for tenants seeking a private, self-contained space. Major systems have been replaced, including new electrical, plumbing, and HVAC, along with a whole-house tankless instant hot water system and a whole-house water softener.

Key Highlights

  • 2‑unit/3‑income duplex‑triplex hybrid with two modern 2BR/2BA units plus a private studio in‑law suite
  • Each 2BR/2BA unit features an open concept layout and independent in‑unit laundry
  • Studio in‑law suite has its own separate entrance for short‑term or multi‑generational use

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Skin Care Clinic Pharmacy (Bike/Boat/Book/etc) Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Law Firm Daycare Center Acupuncture Veterinary Clinic (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Fully renovated income property with two 2-bedroom units plus a separate-entry studio suite for flexible living or leasing.
Where is this triplex located?
The property is located at 2018 Prospect Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2‑unit/3‑income duplex‑triplex hybrid with two modern 2BR/2BA units plus a private studio in‑law suite; Each 2BR/2BA unit features an open concept layout and independent in‑unit laundry; Studio in‑law suite has its own separate entrance for short‑term or multi‑generational use
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