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Remodeled Three-Unit Craftsman
New
For Sale
$434,900

2962 N Delaware Street, Indianapolis, IN 46205

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.11 Acres
Days on Market6

Property Features for 2962 N Delaware Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bedroom 7, Bathroom 3, Basement, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 8, Bedroom 6, Bedroom 2
Subdivision Addie Nichols N Park
Lot features Access, Corner Lot
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 490625100051000101
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Addie Nichols N Park Add L26 B1 Also 5 Foot Strip N & Adj L26 B1
Tax Annual Amount 6256
Legal Description Addie Nichols N Park Add L26 B1 Also 5 Foot Strip N & Adj L26 B1

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

covered front porch
separate entrances
washer/dryer hook-ups
off-street parking

Building Details

Year built 1920
Floors in Building 2
Number of units 3
Building materials Cement Siding
Roof type Asphalt
Architectural style Craftsman
Listing Agency: Trueblood Real Estate
Listed By: Jenn Marlow
Added: Sep 3 Changed: Sep 5 Last Checked: Sep 8 at 6:06AM
MLS# 22124127

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 1920 Craftsman triplex has been renovated inside and out, with two 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. The property combines refreshed mechanical systems, roofing, siding, kitchens, bathrooms, and fixtures with luxury vinyl plank flooring, white shaker cabinetry, stainless steel appliances, and granite countertops. Each residence has its own entrance, a covered front porch, and washer/dryer hookups. Forced-air heating and central air provide building-wide comfort, while the asphalt roof and cement siding complete the exterior improvements.

Two units are furnished for mid-term occupancy and one is configured for long-term use. The property sits on 0.11 acres in Historic Meridian Park and includes space for off-street parking. Its three-unit layout and varied furnishing configuration support multiple residential leasing arrangements within a single remodeled asset.

Key Highlights

  • Three‑unit property with two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
  • Fully remodeled with updated kitchens, baths, mechanicals, siding, roof, and fixtures
  • Two furnished mid‑term units plus one long‑term unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Accounting Firm Furniture & Home Goods (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

773
Businesses Nearby

Demographics for 46205, IN

27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
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 - Updated interiors include modern kitchens, private entries, and laundry hookups in every unit.
Where is this triplex located?
The property is located at 2962 N Delaware Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $434,900.
What are key features of this property?
This property features: Three‑unit property with two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; Fully remodeled with updated kitchens, baths, mechanicals, siding, roof, and fixtures; Two furnished mid‑term units plus one long‑term unit
More about this property
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