Indianapolis, IN Triplexes for Sale

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Updated: Oct 7

Triplex with Carriage House

1859 N Pennsylvania Street, Indianapolis, IN 46202

$629,900

0.11 AC lot

Three residences are leased through spring 2027
Upper unit: approximately 1,730 SF, 3 bedrooms and 1 bathroom
Lower unit: approximately 1,450 SF, 2 bedrooms and 1 bathroom
Separate carriage house: approximately 1,100 SF, 3 bedrooms and 1.5 bathrooms
High‑efficiency HVAC systems and water heaters added to both duplex units in 2026

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Updated: Oct 2

Renovated 3-Unit Triplex

2726 S Lyons Avenue, Indianapolis, IN 46241

$300,000

0.24 AC lot

Three living spaces with 7 bedrooms and 3 bathrooms total
Main residence: 3 bedrooms and 1 bathroom
In‑law quarters and third unit each have 2 bedrooms and 1 bathroom
Separate laundry room in the third unit
2‑car garage

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Historic 3-Unit Triplex

1704 N Pennsylvania Street, Indianapolis, IN 46202

$1,395,000

0.11 AC lot

Built in 1913, the Indianapolis property combines brick and stucco construction with three apartments.

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Highly Visible Corner Mixed-Use Building

1701 Prospect St, Indianapolis, IN 46203

$729,000

5,368 sqft

Corner mixed-use property with two leased commercial spaces and three upstairs apartments, plus secure rear parking and updated mechanicals.

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Triplex with Furnished Rear Unit

713 W 32nd Street, Indianapolis, IN 46208

$359,999

0.12 AC lot

Three distinct apartments include a studio, a one-bedroom home, and a renovated two-bedroom residence.

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Updated Three-Unit Triplex

1920 E Washington Street, Indianapolis, IN 46201

$310,000

0.09 AC lot

Three-unit property with refreshed interiors and a vacant studio ready for occupancy.

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3-Unit Mixed-Use Property

2305 E Michigan Street, Indianapolis, IN 46201

$520,000

0.09 AC lot

Two units produce rental income, while the third is vacant and available for a new tenant.

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Fully Occupied Triplex

2608 E Southport Rd, Indianapolis, IN 46227

$294,700

12,197 sqft

Three leased residences include original woodwork, dedicated mechanical systems, and a garage with tandem parking.

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Three-Unit Property with Pond

8724 Shelby Street, Indianapolis, IN 46227

$285,000

1.42 AC lot

Triplex configuration includes a primary residence and two separately accessed living quarters on a fenced parcel.

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Three-Unit Townhome Triplex

1651-1655 Lexington Avenue, Indianapolis, IN 46203

$1,200,000

Each residence has two bedrooms, three-and-a-half baths, and an attached garage.

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Remodeled Triplex with Covered Porches

2962 N Delaware St, Indianapolis, IN 46205

$434,900

4,792 sqft

Three separately entered units feature updated interiors, private porches, and washer/dryer connections throughout.

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Remodeled Craftsman Triplex

2962 N Delaware Street, Indianapolis, IN 46205

$434,900

0.11 AC lot

Three separately entered units offer furnished and long-term occupancy configurations in downtown Indianapolis.

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3-Unit Property with Carriage House

1859 N Pennsylvania Street, Indianapolis, IN 46202

$629,900

Three leased residences combine a duplex building with a separate carriage house and recent mechanical and foundation work.

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Furnished Triplex with Cinema Room

1743 S Meridian St, Indianapolis, IN 46225

$369,900

Three-unit property with updated interior features and multiple private outdoor areas.

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Mixed-Use Building with Vacant Retail

2305 E Michigan Street, Indianapolis, IN 46201

$520,000

Fully renovated 2025 mixed-use building with one vacant commercial space and three leased residential units.

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Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 15 Active listings in Indianapolis, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Three-Unit Triplex on Main Road

589 E Main St, Whiteland, IN 46184

$250,000

10,934 sqft

Each residence includes one bedroom, one bathroom, a living room, and a kitchen.

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Triplex with Separate Utilities

155 N 11th Street, Noblesville, IN 46060

$335,000

0.09 AC lot

Two apartments are vacant, while the third is occupied by a month-to-month tenant.

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3-Unit Triplex

589 E Main Street, Whiteland, IN 46184

$250,000

0.25 AC lot

Each apartment has one bedroom, one bathroom, a living room, and a kitchen.

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Renovation-Ready Triplex

528 South Street, Noblesville, IN 46060

$265,000

0.16 AC lot

One finished unit is occupied, while two additional apartments are vacant and positioned for renovation.

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Indianapolis, IN Triplexes Market Trends and Statistics

Explore 15 triplexes for sale in Indianapolis, IN, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 22,357 square feet of properties for sale, with an estimated market value of $8,413,199.

Sale prices for three-family homes in Indianapolis, IN start at $285,000, averaging $560,879, and reaching up to $1,395,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 979K

Population Growth (5Y) +2.8%

Median Household Income $67,417

College Educated 30.4%

High-Yield Neighborhoods for Investment

Identify Indianapolis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46227	$288.2K
46225	$369.9K
46205	$434.9K
46201	$456.7K
46203	$964.5K

Taxes & Financing

Tax Rate (average for all types) 2.46%

Property Tax per SF $41.61 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Indianapolis fall within the 100,000+ square foot range.

How Realmo verifies these figures

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