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Triplex with Furnished Rear Apartment
For Sale
$359,999

713 W 32nd Street, Indianapolis, IN 46208

Three apartments offer studio, one-bedroom, and two-bedroom layouts, with separate utility meters serving the property.

Property SizeContact for details
Days on Market30

Property Features for 713 W 32nd Street

General Information

Standard status Active
Property subtype Residential Income

Site & Location

Neighborhood Crown Hill

Units

Unit Mix 1 x studio, 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 3
Individually Metered Utilities unspecified utilities

Additional Details

Gross Income $30,000
Tenant in Place Yes

Amenities

separate fencing
individually controllable heating and cooling

Building Details

Year Built 1920
Stories 2
Units 3
Listing Agency: Carpenter, REALTORSÂ
Listed By: Shannon McGibboney
Source: Gmartinrealty
Added: Oct 1 Changed: Oct 25 Last Checked: Oct 29 at 10:02PM

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 Carpenter, REALTORSÂ

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Investment Insights

Based on property information with market context.

Built in 1920, this triplex contains a front studio, a side apartment with one bedroom and one bath, and a rear two-bedroom, one-bath apartment. The rear residence has been renovated and furnished, while the building also features two utility meters, separate fencing around the rear unit, and heating and cooling controls that can be adjusted independently.

The studio and one-bedroom apartments are leased, with state-funded payments scheduled for one year. The furnished rear unit can serve as a short-term rental or a private residence. Downtown Indianapolis is under five minutes away.

Key Highlights

  • Three‑unit mix: front studio, side 1‑bedroom/1‑bath, and rear 2‑bedroom/1‑bath
  • Studio and one‑bedroom units are leased with state‑funded payments for one year
  • Renovated, furnished rear apartment can be used as a residence or short‑term rental

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

280
Businesses Nearby

Demographics for 46208, IN

23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
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 apartments offer studio, one-bedroom, and two-bedroom layouts, with separate utility meters serving the property.
Where is this triplex located?
The property is located at 713 W 32nd Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $359,999.
What are key features of this property?
This property features: Three‑unit mix: front studio, side 1‑bedroom/1‑bath, and rear 2‑bedroom/1‑bath; Studio and one‑bedroom units are leased with state‑funded payments for one year; Renovated, furnished rear apartment can be used as a residence or short‑term rental
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