Three-Unit Property with
For Sale
$285,000
Pending
8724 Shelby Street, Indianapolis, IN 46227
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size1.42 Acres
Days on Market15
Property Features for 8724 Shelby Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
Parking features
Assigned
Exterior features
Barn Mini
Fencing
Privacy
Subdivision
No Subdivision
Lot features
Not In Subdivision
Elementary school
Douglas MacArthur Elementary Sch
Middle school
Perry Meridian Middle School
High school
Perry Meridian High School
Elementary school district
Perry Township Schools
Middle school district
Perry Township Schools
High school district
Perry Township Schools
Directions
GPS Friendly
Standard status
Pending
APN
491424107025000500
Lot size
1.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
T R Jones & Cos 1st Five Acre Tract Add Pt L20 Beg 80Ft S Of Ne Cor S 80Ft W 480Ft N 160Ft E 295Ft S 80Ft E 185Ft To Beg
Tax Annual Amount
8086
Legal Description
T R Jones & Cos 1st Five Acre Tract Add Pt L20 Beg 80Ft S Of Ne Cor S 80Ft W 480Ft N 160Ft E 295Ft S 80Ft E 185Ft To Beg
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Window Unit(s)
Amenities
pond
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Listing Agency:
Weichert REALTORS(R) Cooper Group Indy
(317) 538-5885
Listed By:
Daniel Nohe · License #RB15000897
(317) 809-0317
Added: Aug 28
Changed: Sep 9
Last Checked: Sep 11 at 9:06PM
MLS# 22123088
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 includes three distinct living areas across the property. Unit A provides three bedrooms, 1.5 baths, and approximately 1,922 square feet across the main and upper levels; it is currently vacant and includes a refrigerator, gas oven/range, microwave, and wood-burning stove. Unit B has a separate rear entrance, one bedroom, one bath, and approximately 804 square feet. Unit C is detached, offers one bedroom and one bath in approximately 672 square feet, and includes an attached 8' x 8' storage area.
The property encompasses 1.42 acres at 8724 Shelby Street in Indianapolis, with a small pond at the rear. Unit B and Unit C are occupied. Additional features include a mini barn, privacy fencing, assigned parking, forced-air and natural-gas heating, and a combination of central air and window-unit cooling. The property was built in 1900.
The property encompasses 1.42 acres at 8724 Shelby Street in Indianapolis, with a small pond at the rear. Unit B and Unit C are occupied. Additional features include a mini barn, privacy fencing, assigned parking, forced-air and natural-gas heating, and a combination of central air and window-unit cooling. The property was built in 1900.
Key Highlights
- Three‑unit layout with Unit A, Unit B, and detached Unit C
- Unit A: 3 bedrooms, 1.5 baths, and approximately 1,922 sq. ft.
- Unit B: 1 bedroom, 1 bath, approximately 804 sq. ft., and separate rear entrance
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
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 - Triplex configuration includes a primary residence and two separately accessed living quarters on a fenced parcel.
Where is this triplex located?
The property is located at 8724 Shelby Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three‑unit layout with Unit A, Unit B, and detached Unit C; Unit A: 3 bedrooms, 1.5 baths, and approximately 1,922 sq. ft.; Unit B: 1 bedroom, 1 bath, approximately 804 sq. ft., and separate rear entrance
