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Updated Triplex with Two-Car Garage
For Sale
$300,000

2726 S Lyons Avenue, Indianapolis, IN 46241

Three residences combine for seven bedrooms and include a separate laundry room in one unit.

Property SizeContact for details
Days on Market27

Property Features for 2726 S Lyons Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Residential Income

Site & Location

Neighborhood Mars Hill

Units

Unit Mix 3BR/1BA, 2BR/1BA
Multifamily Units 3

Amenities

Gutter Guards

Building Details

Year Built 1935
Buildings 1
Stories 1
Units 3
Listing Agency: Keller Williams Indy Metro Partners
Listed By: Denis O'Brien · License #RB14047311
Source: Gmartinrealty
Added: Oct 2 Changed: Oct 26 Last Checked: Oct 26 at 4:03AM

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 Keller Williams Indy Metro Partners

Rey
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Investment Insights

Based on property information with market context.

This 1935 triplex contains three separate living spaces: a three-bedroom, one-bath residence and two additional two-bedroom, one-bath units. One of the two-bedroom units has its own laundry room. A two-car garage adds covered parking and storage space.

Renovations include new HVAC systems, water heaters, plumbing and electrical work, along with waterproof flooring, interior paint, bathroom updates, faucets, appliances and a replacement garage door. The three-unit configuration totals seven bedrooms and three bathrooms.

Key Highlights

  • Three separate residences with a combined total of 7 bedrooms and 3 bathrooms
  • Unit layouts include one 3‑bedroom, 1‑bath residence and two 2‑bedroom, 1‑bath units
  • One 2‑bedroom unit includes a dedicated laundry room

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

223
Businesses Nearby

Demographics for 46241, IN

33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three residences combine for seven bedrooms and include a separate laundry room in one unit.
Where is this triplex located?
The property is located at 2726 S Lyons Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three separate residences with a combined total of 7 bedrooms and 3 bathrooms; Unit layouts include one 3‑bedroom, 1‑bath residence and two 2‑bedroom, 1‑bath units; One 2‑bedroom unit includes a dedicated laundry room
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