3-Unit Property with Carriage
For Sale
$629,900
1859 N Pennsylvania Street, Indianapolis, IN 46202
Three leased residences combine a duplex building with a separate carriage house and recent mechanical and foundation work.
Property SizeContact for details
Days on Market17
Property Features for 1859 N Pennsylvania Street
General Information
Standard status
Active
Property subtype
Triplex
Site & Location
Neighborhood
Near Northside
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
3
Additional Details
Gross Income
$61,260
Building Details
Year Built
1895
Buildings
2
Listing Agency:
No Limit Real Estate, LLC
Listed By:
Charlene Gaard · License #RB14033327
(317) 602-1576
Source:
Luxcityrealty
Added: Oct 7
Changed: Oct 17
Last Checked: Oct 21 at 3:11AM
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 No Limit Real Estate, LLC
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Investment Insights
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This three-residence property pairs a duplex with a detached carriage house. The upper apartment contains approximately 1,730 SF with three bedrooms and one bathroom; the lower apartment offers approximately 1,450 SF, two bedrooms and one bathroom. The separate carriage house has approximately 1,100 SF, three bedrooms and 1.5 bathrooms. All three residences are leased through spring 2027. Original woodwork, hardwood flooring, decorative fireplaces and a distinctive staircase remain in the main building.
Both duplex apartments received high-efficiency HVAC systems and water heaters in 2026, and foundation tuckpointing was completed in 2025. The carriage house has its own laundry, with gas, electric and water paid by its tenant. Upper-unit electric is separately metered but currently included in that apartment’s lease. The property is at 1859 N Pennsylvania Street in Indianapolis.
Both duplex apartments received high-efficiency HVAC systems and water heaters in 2026, and foundation tuckpointing was completed in 2025. The carriage house has its own laundry, with gas, electric and water paid by its tenant. Upper-unit electric is separately metered but currently included in that apartment’s lease. The property is at 1859 N Pennsylvania Street in Indianapolis.
Key Highlights
- Three leased residences: two apartments in the duplex and a separate carriage house
- Upper apartment: approximately 1,730 SF, 3BR/1BA; lower apartment: approximately 1,450 SF, 2BR/1BA
- Carriage house: approximately 1,100 SF, 3BR/1.5BA, with separate laundry
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,148
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 leased residences combine a duplex building with a separate carriage house and recent mechanical and foundation work.
Where is this triplex located?
The property is located at 1859 N Pennsylvania Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Three leased residences: two apartments in the duplex and a separate carriage house; Upper apartment: approximately 1,730 SF, 3BR/1BA; lower apartment: approximately 1,450 SF, 2BR/1BA; Carriage house: approximately 1,100 SF, 3BR/1.5BA, with separate laundry
