Triplex with Separate Living
New
For Sale
$285,000
8724 Shelby Street, Indianapolis, IN 46227
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size1.42 Acres
Days on Market4
Property Features for 8724 Shelby Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
Assigned
Exterior features
Barn Mini
Fencing
Privacy
Subdivision
No Subdivision
Lot features
Not In Subdivision
Elementary school
Douglas MacArthur Elementary Sch
Middle school
Perry Meridian Middle School
High school
Perry Meridian High School
Elementary school district
Perry Township Schools
Middle school district
Perry Township Schools
High school district
Perry Township Schools
Directions
GPS Friendly
Standard status
Active
APN
491424107025000500
Lot size
1.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
T R Jones & Cos 1st Five Acre Tract Add Pt L20 Beg 80Ft S Of Ne Cor S 80Ft W 480Ft N 160Ft E 295Ft S 80Ft E 185Ft To Beg
Legal Description
T R Jones & Cos 1st Five Acre Tract Add Pt L20 Beg 80Ft S Of Ne Cor S 80Ft W 480Ft N 160Ft E 295Ft S 80Ft E 185Ft To Beg
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Window Unit(s)
Amenities
pond
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Listing Agency:
Weichert REALTORS(R) Cooper Group Indy
(317) 538-5885
Listed By:
Daniel Nohe · License #RB15000897
(317) 538-5885
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 31 at 6:06AM
MLS# 22123088
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 triplex property includes three distinct residential units across a main residence and a separate living quarter. Unit A provides three bedrooms and one and a half bathrooms across approximately 1,922 square feet on the main and upper levels. Unit B adds one bedroom and one bathroom in approximately 804 square feet, while Unit C offers one bedroom and one bathroom in approximately 672 square feet, plus attached 8-by-8-foot storage. Unit A is vacant; Units B and C are occupied.
Appliances include refrigerators, gas or electric ranges, microwaves, range hood fans, and a wood-burning stove, varying by unit. The 1.42-acre property includes a small pond at the rear, a mini barn, privacy fencing, assigned parking, natural gas forced-air heat, central air, and window units. Built in 1900, the property is located in Indianapolis, Indiana.
Appliances include refrigerators, gas or electric ranges, microwaves, range hood fans, and a wood-burning stove, varying by unit. The 1.42-acre property includes a small pond at the rear, a mini barn, privacy fencing, assigned parking, natural gas forced-air heat, central air, and window units. Built in 1900, the property is located in Indianapolis, Indiana.
Key Highlights
- Three‑unit residential property with one main residence and a separate living quarter
- Unit A: 3 bedrooms, 1.5 bathrooms, and approximately 1,922 square feet
- Unit B: 1 bedroom, 1 bathroom, and approximately 804 square feet
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied layouts, dedicated entrances, and a separate additional living space.
Where is this triplex located?
The property is located at 8724 Shelby Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three‑unit residential property with one main residence and a separate living quarter; Unit A: 3 bedrooms, 1.5 bathrooms, and approximately 1,922 square feet; Unit B: 1 bedroom, 1 bathroom, and approximately 804 square feet
