Renovated Triplex with Short-Term
For Sale
Contact for pricing
1631 Columbia Ave, Indianapolis, IN 46202
Triplex fully renovated in 2022, with one unit currently operating as a short-term rental.
Property SizeContact for details
Days on Market122
Property Features for 1631 Columbia Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
3
Building Details
Year Renovated
2022
Listing Agency:
Gardner Property Group
(260) 705-7325
Listed By:
Cory Gardner · License #RB17000430
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 12:54PM
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 Gardner Property Group
Investment Insights
Based on property information with market context.
This triplex underwent a total renovation in 2022. The property has a history of high occupancy and is described as low-maintenance. One of the three units is currently leased and operated as a short-term rental, while the remaining units are part of the same income-generating configuration.
The property is located in Kennedy King and sits within walking distance of multiple restaurants, including Greek's Pizzeria, Provider, Tinker Street, and Foundry Provisions. It is also walkable to the Monon Pedestrian Trail.
As a renovated triplex with an existing short-term rental unit, the building offers a practical residential income setup with recent improvements and established occupancy performance.
The property is located in Kennedy King and sits within walking distance of multiple restaurants, including Greek's Pizzeria, Provider, Tinker Street, and Foundry Provisions. It is also walkable to the Monon Pedestrian Trail.
As a renovated triplex with an existing short-term rental unit, the building offers a practical residential income setup with recent improvements and established occupancy performance.
Key Highlights
- Triplex fully renovated in 2022
- One unit currently operating as a short‑term rental
- Historical occupancy reported as high with low maintenance
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
624
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex fully renovated in 2022, with one unit currently operating as a short-term rental.
Where is this triplex located?
The property is located at 1631 Columbia Ave Indianapolis, IN.
What are key features of this property?
This property features: Triplex fully renovated in 2022; One unit currently operating as a short‑term rental; Historical occupancy reported as high with low maintenance
