Triplex with Dedicated
For Sale
$520,000
2305 E Michigan Street, Indianapolis, IN 46201
Commercial Sale, Indianapolis, IN
Property SizeContact for details
Lot Size0.09 Acres
Days on Market203
Property Features for 2305 E Michigan Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
C5
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City
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4910 - Marion - Center
Standard status
Active
APN
491006117042000101
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Picken & Loftins E Wash St Add Pt Lots 65 & 66 Beg Nw Cor L66 P.O.B. S45' E19' S3.90' E15.40' S12.98' E34.40' N61.88' W68.8'To Beg
Legal Description
Picken & Loftins E Wash St Add Pt Lots 65 & 66 Beg Nw Cor L66 P.O.B. S45' E19' S3.90' E15.40' S12.98' E34.40' N61.88' W68.8'To Beg
Amenities
dedicated storage space
Listing Agency:
Highgarden Real Estate
(317) 205-4320
Listed By:
Gabriela Pitts · License #RB18000474
(317) 280-4663
Added: Feb 18
Changed: Aug 28
Last Checked: Sep 9 at 6:06PM
MLS# 22083393
Copyright © 2026 Broker Listing Cooperative®. 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 three-unit residential property is presented in like-new condition with modern finishes and a practical layout. Two units are occupied and producing rental income, while the third is vacant for a new occupant. Dedicated storage space adds functional utility beyond the living areas.
The property occupies a 0.09-acre lot at 2305 E Michigan Street in Indianapolis, within ZIP code 46201. C5 zoning is identified for the site, and the three-unit configuration provides a straightforward multifamily format with both existing occupancy and available space.
The property occupies a 0.09-acre lot at 2305 E Michigan Street in Indianapolis, within ZIP code 46201. C5 zoning is identified for the site, and the three-unit configuration provides a straightforward multifamily format with both existing occupancy and available space.
Key Highlights
- Three‑unit property with two occupied units and one vacant unit
- Like‑new condition with modern interior finishes
- Dedicated storage space included
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Like-new construction combines modern finishes, dedicated storage, and an available unit with two occupied rentals.
Where is this triplex located?
The property is located at 2305 E Michigan Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Three‑unit property with two occupied units and one vacant unit; Like‑new condition with modern interior finishes; Dedicated storage space included
