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Triplex with Furnished Rear Unit
For Sale
$359,999

713 W 32nd Street, Indianapolis, IN 46208

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.12 Acres
Days on Market13

Property Features for 713 W 32nd Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Basement, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 2
Subdivision Mccaslins Geo H 1st Add
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 490623105047000101
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description McCaslins 1st Add To Keystone Park L59
Tax Annual Amount 2950
Legal Description McCaslins 1st Add To Keystone Park L59

Building Details

Year built 1920
Floors in Building 2
Number of units 3
Listing Agency: Carpenter, REALTORS(R)
Listed By: Shannon McGibboney
Added: Oct 1 Changed: Oct 9 Last Checked: Oct 13 at 9:06AM
MLS# 22129108

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 updated triplex contains a front studio, a side apartment with one bedroom and one bathroom, and a rear two-bedroom, one-bathroom unit. The rear residence is renovated and furnished, with separate fencing and independently controlled heating and cooling. Two utility meters allow service to be divided between units. The property was built in 1920 and occupies a 0.12-acre lot.

The studio and one-bedroom apartment are rented. The rear unit can serve as a residence or short-term rental. Downtown Indianapolis is less than five minutes away.

Key Highlights

  • Three units: studio, 1 bedroom/1 bathroom, and 2 bedrooms/1 bathroom
  • Rear 2‑bedroom unit is renovated and furnished
  • Studio and 1‑bedroom units are currently rented

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Dental Office Law Firm Restaurant

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
Yes
Utilities to site

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three distinct apartments include a studio, a one-bedroom home, and a renovated two-bedroom residence.
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 units: studio, 1 bedroom/1 bathroom, and 2 bedrooms/1 bathroom; Rear 2‑bedroom unit is renovated and furnished; Studio and 1‑bedroom units are currently rented
More about this property
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