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Updated Three-Unit Triplex
For Sale
$310,000

1920 E Washington Street, Indianapolis, IN 46201

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.09 Acres
Days on Market118

Property Features for 1920 E Washington Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 2, Basement, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 4
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
Tax Annual Amount 6556
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: Oct 9 Last Checked: Oct 13 at 10:06AM
MLS# 22107400

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.

Built in 1915, this triplex at 1920 E. Washington Street includes three distinct residential units: a 3-bedroom, 1.5-bath residence, an upstairs 1-bedroom, 1-bath residence, and a studio at 1922. The larger residences are leased, while the studio is vacant and prepared for occupancy. Recent interior work includes updated bathrooms, new flooring, and fresh paint across the property.

The property sits in Indianapolis near downtown-area restaurants, entertainment, and employment centers. The approximately 0.09-acre site includes an asphalt roof and a basement. With two units in place and one studio available for leasing, the configuration supports continued use as a residential income property.

Key Highlights

  • Three‑unit triplex at 1920 E. Washington Street, with the studio identified as 1922
  • Unit mix includes 3‑bedroom, 1.5‑bath; 1‑bedroom, 1‑bath; and studio residences
  • Studio is vacant and rental‑ready; the 3‑bedroom and 1‑bedroom units are leased

Property Analytics

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Current Use

Triplexes

Suggested Use

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

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

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
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 - Three-unit property with refreshed interiors and a vacant studio ready for occupancy.
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 $310,000.
What are key features of this property?
This property features: Three‑unit triplex at 1920 E. Washington Street, with the studio identified as 1922; Unit mix includes 3‑bedroom, 1.5‑bath; 1‑bedroom, 1‑bath; and studio residences; Studio is vacant and rental‑ready; the 3‑bedroom and 1‑bedroom units are leased
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