Renovated Triplex-Style Income
For Sale
$475,000
2018 Prospect Street, Indianapolis, IN 46203
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.09 Acres
Days on Market53
Property Features for 2018 Prospect Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Exterior features
Balcony
Subdivision
Vandeman & Hunters
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
491007168001000101
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Vandeman & Hunters Evergreen L2
Legal Description
Vandeman & Hunters Evergreen L2
Building Details
Year built
1910
Number of units
3
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
(317) 271-5959
Listed By:
Gloria Gear · License #RB16001575
(317) 271-5959
Added: Jul 1
Changed: Aug 19
Last Checked: Aug 22 at 5:06PM
MLS# 22111493
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 renovated duplex/triplex-style property is designed for multiple income streams, featuring two matching 2-bedroom, 2-bath units with modern finishes, open layouts, and independent in-unit laundry. In addition, one side includes a private studio-style in-law/bonus suite with its own separate entrance, creating a distinct space that can be used as an extra rental unit.
The home is located at 2018 Prospect Street in Indianapolis, Indiana 46203, in Marion County. The property has been upgraded throughout for a turnkey ownership experience.
From an operational standpoint, the layout supports separate occupancy across the two 2-bedroom units and the standalone studio suite. Both 2-bedroom units offer full-size living arrangements with in-unit laundry, while the separately entered studio provides a separate option for tenants seeking a private, self-contained space. Major systems have been replaced, including new electrical, plumbing, and HVAC, along with a whole-house tankless instant hot water system and a whole-house water softener.
The home is located at 2018 Prospect Street in Indianapolis, Indiana 46203, in Marion County. The property has been upgraded throughout for a turnkey ownership experience.
From an operational standpoint, the layout supports separate occupancy across the two 2-bedroom units and the standalone studio suite. Both 2-bedroom units offer full-size living arrangements with in-unit laundry, while the separately entered studio provides a separate option for tenants seeking a private, self-contained space. Major systems have been replaced, including new electrical, plumbing, and HVAC, along with a whole-house tankless instant hot water system and a whole-house water softener.
Key Highlights
- 2‑unit/3‑income duplex‑triplex hybrid with two modern 2BR/2BA units plus a private studio in‑law suite
- Each 2BR/2BA unit features an open concept layout and independent in‑unit laundry
- Studio in‑law suite has its own separate entrance for short‑term or multi‑generational use
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated income property with two 2-bedroom units plus a separate-entry studio suite for flexible living or leasing.
Where is this triplex located?
The property is located at 2018 Prospect Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2‑unit/3‑income duplex‑triplex hybrid with two modern 2BR/2BA units plus a private studio in‑law suite; Each 2BR/2BA unit features an open concept layout and independent in‑unit laundry; Studio in‑law suite has its own separate entrance for short‑term or multi‑generational use
