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Historic 3-Unit Triplex
For Sale
$1,395,000

1704 N Pennsylvania Street, Indianapolis, IN 46202

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.11 Acres
Days on Market70

Property Features for 1704 N Pennsylvania Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 12
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 11, Bedroom 4, Bedroom 7, Bedroom 9, Bathroom 3, Bathroom 4, Bedroom 8, Bedroom 3, Bedroom 2, Bedroom 10, Bedroom 5, Bathroom 5, Bathroom 6, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 12
Subdivision Eliz Talbotts
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Active
APN 490636176015000101
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Eliz Talbotts Revised Sub L10
Tax Annual Amount 7350
Legal Description Eliz Talbotts Revised Sub L10

Utilities

Heating system Hot Water(Heating), Natural Gas
Cooling system Window Unit(s)

Building Details

Year built 1913
Number of units 3
Building materials Brick, Stucco
Roof type Composition
Listing Agency: Listwithfreedom.com
Listed By: Joseph Wootan · License #BRO-99919
Added: Aug 5 Changed: Oct 8 Last Checked: Oct 13 at 10:06AM
MLS# 22118268

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.

The three-unit residential property at 1704 N Pennsylvania Street dates to 1913 and sits on a 0.11-acre parcel. Exterior materials include brick and stucco, with a composition roof. Heating is provided by a natural-gas hot-water system, and cooling is supplied by window units.

The property is in Indianapolis, Indiana, within ZIP code 46202.

Key Highlights

  • Three residential units
  • Built in 1913
  • 0.11‑acre parcel

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Furniture & Home Goods HVAC Service Kitchen & Bath Showroom Auto Parts Store Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

3,677
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Built in 1913, the Indianapolis property combines brick and stucco construction with three apartments.
Where is this triplex located?
The property is located at 1704 N Pennsylvania Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Three residential units; Built in 1913; 0.11‑acre parcel
More about this property
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