Triplex with Carriage
For Sale
$1,050,000
1542 Bellefontaine Street, Indianapolis, IN 46202
Three distinct residences offer flexible layouts, including a separate carriage house with its own kitchen and patio.
Property SizeContact for details
Days on Market37
Property Features for 1542 Bellefontaine Street
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Triplex
Site & Location
Neighborhood
Near Northside
Units
Unit Mix
1 x 3BR/3.5BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Furnished
Yes
Cap Rate
7.4%
Amenities
rooftop hot tub
private patio
Building Details
Year Built
2018
Listing Agency:
@properties
(317) 489-3441
Listed By:
Kristin Glassburn
(317) 513-4251
Source:
Locksteprealty
Added: Sep 24
Changed: Oct 28
Last Checked: Oct 28 at 1:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties
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Investment Insights
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Built in 2018, this triplex comprises a main residence, a lower-level apartment, and a detached carriage house. The combined layout includes 6 bedrooms, 5.5 bathrooms, and 3.5 kitchens. The main home features an open living and dining area, a primary suite with a balcony, and a third-floor entertainment space with a half kitchen and full bath. A rooftop hot tub and a private carriage-house patio provide additional outdoor amenities, while a 3-car garage serves the property.
The property is in Indianapolis’ Old Northside, with the Monon Trail, Mass Ave, and Bottleworks within walking distance. Operating information indicates an approximately 7.4% cap rate before taxes and insurance.
The property is in Indianapolis’ Old Northside, with the Monon Trail, Mass Ave, and Bottleworks within walking distance. Operating information indicates an approximately 7.4% cap rate before taxes and insurance.
Key Highlights
- Three residences: a 3 bed/3.5 bath main house, 2 bed/1 bath lower‑level unit, and 1 bed/1 bath carriage house
- 6 beds, 5.5 baths, and 3.5 kitchens in total
- Approximately 7.4% cap rate before taxes and insurance
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,383
Businesses Nearby
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Business Placement
Demographics for 46202, IN
22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct residences offer flexible layouts, including a separate carriage house with its own kitchen and patio.
Where is this triplex located?
The property is located at 1542 Bellefontaine Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Three residences: a 3 bed/3.5 bath main house, 2 bed/1 bath lower‑level unit, and 1 bed/1 bath carriage house; 6 beds, 5.5 baths, and 3.5 kitchens in total; Approximately 7.4% cap rate before taxes and insurance
