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Renovated 3-Unit Residential Property

738 Cottage Avenue, Indianapolis, IN 46203

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Pending

$650,000

MULTI_FAMILY - Indianapolis, IN

Lot size:

0.08 Acres

HighLights

Under construction, newly built 3‑unit property with YearBuilt 2026
3‑bedroom main home with 2.5 baths and high‑end interior finishes
Basement unit described as fully equipped and income‑ready for long‑term or extended‑stay rental
Detached carriage house for flexible use, including Airbnb, guest accommodations, or traditional leasing
Zoned heating with heat pump; central air plus ductless cooling
Balcony and open parking available

We can help!

Listing Contact

Laura Waters

Pending

$650,000

MULTI_FAMILY - Indianapolis, IN

Lot size:

0.08 Acres

Added:: Feb 5, 2026
Days on Market:: 128
Last Refresh:: Jun 13 at 9:06 pm

Property Features for 738 Cottage Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Property condition: Under Construction
Rooms: Basement
Parking features: Open
Exterior features: Balcony
Basement: Finished, Apartment
Standard status: Pending
APN: 491113123065000101
Lot size: 0.08 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: South Park Sec 2 L132

Utilities

Heating system: Heat Pump (Heating), Zoned
Cooling system: Heat Pump, Central Air, Ductless

Building Details

Year built: 2026
Floors in Building: 2
Number of units: 3

We can help!

Listing Contact

Laura Waters

Listing agent Laura Waters License #RB17001385

Listing office Highgarden Real Estate Keystone Crossing Ste 170 8500, Indianapolis, IN

Listing date Feb 5, 2026

MLS# 22082657 Listing URL

HighLights

Under construction, newly built 3‑unit property with YearBuilt 2026
3‑bedroom main home with 2.5 baths and high‑end interior finishes
Basement unit described as fully equipped and income‑ready for long‑term or extended‑stay rental
Detached carriage house for flexible use, including Airbnb, guest accommodations, or traditional leasing
Zoned heating with heat pump; central air plus ductless cooling
Balcony and open parking available

Overview

This fully renovated three-unit property includes a main home with three bedrooms and two and a half baths, featuring a quartz kitchen and high-end finishes. In addition to the main residence, there is a private basement unit that is described as fully equipped and income-ready. A detached carriage house provides further flexibility as a separate rental option.

The property is located at 738 Cottage Avenue in Indianapolis, Indiana, within Marion County. The lot size is listed at 0.08 acres.

The overall layout is well suited for an owner-occupant seeking to live in the main home while renting the additional units, or for an investor considering a three-unit rental package. With the basement unit and detached carriage house positioned as separate spaces, the property supports a range of rental approaches, including long-term rentals and options for extended-stay or guest accommodations as described in the remarks.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.14617
Latitude: 39.747778

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For sale
Triplexes
IN
Indianapolis
46203
738 Cottage Avenue

What type of property is this?

Triplex - Turnkey renovated three-unit property in Indianapolis with main home, basement unit, and detached carriage house.

Where is this triplex located?

The property is located at 738 Cottage Avenue Indianapolis, IN.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Under construction, newly built 3‑unit property with YearBuilt 2026; 3‑bedroom main home with 2.5 baths and high‑end interior finishes; Basement unit described as fully equipped and income‑ready for long‑term or extended‑stay rental

738 Cottage Avenue, Indianapolis, IN 46203

MULTI_FAMILY - Indianapolis, IN

Property Features for 738 Cottage Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant/QSR With Drive-Thru Potential

Value-Add Commercial Opportunity in Indianapolis

Hard-Corner Retail/Office Building

Freestanding Office Building on Shadeland

Freestanding Office Building on Shadeland

Flexible Office Building with Detached Garage

Renovated Office Flex Complex

Heavy Industrial Dock-High Warehouse

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Auto Shop with Paint Booth

Keystone Avenue Redevelopment Opportunity

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