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Updated Triplex Income Property
For Sale
$340,000

1920 E Washington Street, Indianapolis, IN 46201

MULTI_FAMILY - Indianapolis, IN

Property SizeContact for details
Lot Size0.09 Acres
Days on Market55

Property Features for 1920 E Washington Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Rooms Basement
Subdivision 110 E Washington
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 491006159107000101
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description State Plaza Ex 53Ft N End L5
Legal Description State Plaza Ex 53Ft N End L5

Building Details

Year built 1915
Floors in Building 2
Number of units 3
Roof type Asphalt
Listing Agency: Trueblood Real Estate
Listed By: Craig Greenwood
Added: Jun 18 Changed: Jul 21 Last Checked: Aug 11 at 11:06PM
MLS# 22107400

Copyright © 2026 MIBOR Service Corporation. 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 fully updated triplex includes three separate rental units. The property offers a spacious 3-bedroom, 1.5-bath unit; an upstairs 1-bedroom, 1-bath unit; and a studio unit that is currently vacant and rental-ready. Updates include refreshed bathrooms, new flooring, and fresh paint across the units.

The address is 1920 E Washington Street in Indianapolis, IN 46201, in Marion County.

The current configuration provides two occupied units and one vacancy that can be brought online for additional income, with each unit positioned as a separate rental space within the same building.

Key Highlights

  • Updated triplex at 1920 E. Washington St in downtown Indianapolis
  • Triplex includes a 3‑bedroom, 1.5‑bath unit rented for $1,500/month
  • Upstairs 1‑bedroom, 1‑bath unit leased for $925/month

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Spa & Massage Center Dental Office Nail Salon Hair Salon Barber Shop Bakery

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
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

791
Businesses Nearby

Demographics for 46201, IN

31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Fully updated triplex with three units, including a rental-ready studio unit currently vacant.
Where is this triplex located?
The property is located at 1920 E Washington Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Updated triplex at 1920 E. Washington St in downtown Indianapolis; Triplex includes a 3‑bedroom, 1.5‑bath unit rented for $1,500/month; Upstairs 1‑bedroom, 1‑bath unit leased for $925/month
More about this property
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