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    2018 Prospect St Indianapolis, IN 46203

    For Sale
    $500,000

    Traditional, Triplex - Indianapolis, IN

    Type:Triplex
    Lot size:
    0.09 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 2018 Prospect St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Security features
    Smoke Detector(s)
    Rooms
    Basement
    APN
    491007168001000101
    Basement Y/N
    1
    Lot size
    0.09 Acres

    Utilities

    Cooling system
    Multi Units, Wall Unit(s)

    Building Details

    Year built
    1910
    Number of units
    3
    Building materials
    Vinyl Siding
    Architectural style
    New Traditional

    Keller Williams Indy Metro West (317) 271-5959 [email protected]

    Listing agent Gloria Gear (317) 271-5959 License #RB16001575

    Listing date Nov 25, 2025

    MLS# 22072753 Listing URL

    Copyright © 2025 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.

    Overview

    Renovated Triplex with Studio Apartment

    Located in Indianapolis, this renovated two-story triplex, built in 1910, offers an exceptional investment opportunity. The property has been completely renovated and updated, including new electrical, plumbing, and mechanical systems. Units 1 and 2 are mirror images of each other, featuring bright and airy living rooms with soaring vaulted ceilings. The kitchens include shaker cabinets and a backsplash, creating a stylish and functional eat-in area. A laundry area with a washer and dryer is located at the end of this space. Both bedrooms and one full bathroom are upstairs, with an additional full bathroom downstairs. The property includes a studio apartment in the back upstairs, accessed by exterior stairs to a deck/balcony. The property features a porch, a fenced backyard, and a detached 2-car garage. With 2880 square feet of living area on a 4095 square feet lot, this property offers flexibility for short, mid, or long-term rentals for all units. Units 1 and 2 have been used as both mid and short-term rentals, and the studio apartment is consistently booked as a profitable short-term rental. The property can also be used to live in one unit with the possibilities of rentals for all units. Furnishings are negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.126267
    Latitude
    39.752629

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    FAQs

    What type of property is this?
    Triplex - Completely renovated triplex with a studio apartment in Indianapolis.
    Where is this triplex located?
    The property is located at 2018 Prospect St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Completely renovated triplex with new electrical, plumbing, and mechanical systems.; - Profitable short-term rental income potential from all units, including a separate studio apartment.; - Units 1 & 2 feature vaulted ceilings, shaker cabinets, and in-unit laundry.
    (317) 271-5959
    Request Owner's contact information
    2018 Prospect St Indianapolis, IN 46203
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    Indianapolis, IN 46203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2018 Prospect St Indianapolis, IN 46203
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