Renovated 3-Unit
For Sale
$300,000
2726 S Lyons Avenue, Indianapolis, IN 46241
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.24 Acres
Days on Market12
Property Features for 2726 S Lyons Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 7, Bedroom 6, Basement
Exterior features
Gutter Guards
Subdivision
Mars Hill
Lot features
Mature Trees
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
491120119009000900
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Mars Hill L271 & L272
Tax Annual Amount
4996
Legal Description
Mars Hill L271 & L272
Utilities
Heating system
Baseboard, Forced Air
Cooling system
Central Air, Wall Unit(s)
Amenities
dedicated laundry room
Building Details
Year built
1935
Floors in Building
1
Number of units
3
Building materials
Aluminum Siding
Roof type
Asphalt
Architectural style
Bungalow
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
(317) 882-5900
Listed By:
Denis O'Brien · License #RB14047311
(317) 345-0785
Added: Oct 2
Last Checked: Oct 13 at 9:06AM
MLS# 22128908
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 triplex contains three separate living spaces with a combined 7 bedrooms and 3 bathrooms. The main residence has 3 bedrooms and 1 bathroom, while the in-law quarters and third unit each offer 2 bedrooms and 1 bathroom. The third unit also has its own laundry room. A 2-car garage adds parking and storage capacity.
Renovations include HVAC systems, water heaters, plumbing, electrical, flooring, interior paint, bathrooms, faucets, appliances, and a garage door. Built in 1935, the property sits on a 0.24-acre lot in Indianapolis.
Renovations include HVAC systems, water heaters, plumbing, electrical, flooring, interior paint, bathrooms, faucets, appliances, and a garage door. Built in 1935, the property sits on a 0.24-acre lot in Indianapolis.
Key Highlights
- Three living spaces with 7 bedrooms and 3 bathrooms total
- Main residence: 3 bedrooms and 1 bathroom
- In‑law quarters and third unit each have 2 bedrooms and 1 bathroom
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences provide a range of living arrangements, including an additional unit with dedicated laundry.
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 living spaces with 7 bedrooms and 3 bathrooms total; Main residence: 3 bedrooms and 1 bathroom; In‑law quarters and third unit each have 2 bedrooms and 1 bathroom
