Triplex with Carriage
New
For Sale
$629,900
1859 N Pennsylvania Street, Indianapolis, IN 46202
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.11 Acres
Days on Market7
Property Features for 1859 N Pennsylvania Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 6, Basement, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 4, Bathroom 3
Subdivision
Eliz Talbotts
Lot features
Access, Corner Lot, Sidewalks
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
490636176108000101
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Eliz Talbotts Revised Add L86
Tax Annual Amount
14686
Legal Description
Eliz Talbotts Revised Add L86
Building Details
Year built
1895
Floors in Building
2
Number of units
3
Building materials
Wood Siding
Listing Agency:
No Limit Real Estate, LLC
(317) 440-2149
Listed By:
Charlene Gaard · License #RB14033327
(317) 602-1576
Added: Oct 7
Last Checked: Oct 13 at 9:06AM
MLS# 22130121
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 three-residence property pairs a two-unit main building with a separate carriage house on a 0.11-acre lot. The upper residence has approximately 1,730 square feet, three bedrooms and one bathroom; the lower residence has approximately 1,450 square feet, two bedrooms and one bathroom. The carriage house provides approximately 1,100 square feet, three bedrooms and one and a half bathrooms, along with its own laundry. All three residences are leased through spring 2027.
The main building features original woodwork, hardwood flooring, generous room dimensions, a distinctive staircase and decorative fireplaces. High-efficiency HVAC systems and water heaters were installed for both duplex residences in 2026, and foundation tuckpointing was completed in 2025. The carriage house tenants pay gas, electric and water. Upper-unit electric is separately metered, though the current lease includes it.
The main building features original woodwork, hardwood flooring, generous room dimensions, a distinctive staircase and decorative fireplaces. High-efficiency HVAC systems and water heaters were installed for both duplex residences in 2026, and foundation tuckpointing was completed in 2025. The carriage house tenants pay gas, electric and water. Upper-unit electric is separately metered, though the current lease includes it.
Key Highlights
- Three residences are leased through spring 2027
- Upper unit: approximately 1,730 SF, 3 bedrooms and 1 bathroom
- Lower unit: approximately 1,450 SF, 2 bedrooms and 1 bathroom
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,148
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three leased residences combine a duplex and detached carriage house, with architectural details and recent building improvements.
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 residences are leased through spring 2027; Upper unit: approximately 1,730 SF, 3 bedrooms and 1 bathroom; Lower unit: approximately 1,450 SF, 2 bedrooms and 1 bathroom
