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    Indianapolis, IN Triplexes for Sale

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    Renovated Triplex-Style Income Property
    Updated: Jul 1
    Renovated Triplex-Style Income Property

    2018 Prospect Street, Indianapolis, IN 46203

    $475,000
    0.09 AC lot
    2‑unit/3‑income duplex‑triplex hybrid with two modern 2BR/2BA units plus a private studio in‑law suite
    Each 2BR/2BA unit features an open concept layout and independent in‑unit laundry
    Studio in‑law suite has its own separate entrance for short‑term or multi‑generational use
    Upgraded from the studs up with all‑new electrical, plumbing, and HVAC systems
    Whole‑house tankless instant hot water system and whole‑house water softener
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    Triplex with Lofted Main Unit
    Updated: Jul 1
    Triplex with Lofted Main Unit

    2455 Shelby Street, Indianapolis, IN 46203

    $375,000
    0.12 AC lot
    Garfield Park triplex generating $2,600/mo from two upper units (studio and 1‑BR)
    Main unit features historic 3 BR / 1 BA plus a large loft
    Potential additional unit upside: massive attic with a separate entrance (Potential 4th unit)
    Basement is plumbed for an additional bath
    Updated systems with natural gas forced‑air heating and ductless cooling (mini‑splits)
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    Modern Craftsman Multi-Unit Residence
    Modern Craftsman Multi-Unit Residence

    2038 Ruckle Street, Indianapolis, IN 46202

    $929,900
    0.12 AC lot

    Dual 3-level townhomes plus a detached, 1-bedroom carriage house near parks and downtown amenities.

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    Dual Townhomes with Carriage House
    Dual Townhomes with Carriage House

    1633-1635 N New Jersey Street, Indianapolis, IN 46202

    $838,900
    0.14 AC lot

    Updated 2BR/2BA townhomes with fenced backyards, plus a detached 3-car garage and 1BR/1BA carriage house.

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    Three-Unit Triplex in Like-New Condition
    Three-Unit Triplex in Like-New Condition

    2305 E Michigan Street, Indianapolis, IN 46201

    $575,000
    0.09 AC lot

    Triplex with modern finishes, dedicated storage, two occupied units, and one vacant unit ready for a new tenant.

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    Updated Triplex with Vacant Studio
    Updated Triplex with Vacant Studio

    1920 E Washington Street, Indianapolis, IN 46201

    $350,000
    0.09 AC lot

    Fully updated triplex with two leased units and a rental-ready studio unit for added flexibility.

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    Five-Unit Multifamily Building
    Five-Unit Multifamily Building

    2937 W 10th Street, Indianapolis, IN 46222

    $189,900
    0.11 AC lot

    Five-unit income building with studio and larger units, private kitchens, and full baths in each space.

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    Furnished Triplex Residence with Deck
    Furnished Triplex Residence with Deck

    1743 S Meridian Street, Indianapolis, IN 46225

    $399,900
    0.04 AC lot

    Furnished triplex with a kitchen island, cinema room, and fenced yard featuring a porch and private deck.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 8 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.

    Triplex with Washer/Dryer Hookups
    Triplex with Washer/Dryer Hookups

    315 W 17th Street, Bloomington, IN 47404

    $549,900
    3,229 sqft 0.17 AC lot

    Three-unit triplex near IU athletics with in-unit washer/dryer hookups, dedicated parking, and tenant-paid electric and gas.

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    Three-Home Residential Income Property
    Three-Home Residential Income Property

    311-321 S Muller Parkway, Bloomington, IN 47403

    $395,000
    2,664 sqft 0.26 AC lot

    Three single-family homes on one lot, including a renovated 4-bedroom unit and two 2-bedroom units.

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    Triplex Investment Property
    Triplex Investment Property

    604 Hendricks Street, Anderson, IN 46016

    $200,000
    0.19 AC lot

    Triplex with two 2-bedroom units and one 1-bedroom unit, separately metered electric, and tenant water/sewer utility charges.

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    Converted Triplex with Private Entrances
    Converted Triplex with Private Entrances

    1015 Delaware Street, Anderson, IN 46016

    $264,990
    0.12 AC lot

    Converted triplex offers three levels with private entrances, each providing a 2-bedroom unit with kitchen, living area, and full bath.

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    Indianapolis, IN Triplexes Market Trends and Statistics

    Explore 8 triplexes for sale in Indianapolis, IN, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $4,133,600.

    Sale prices for three-family homes in Indianapolis, IN start at $189,900, averaging $516,700, and reaching up to $929,900 — 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

    Duplexes 91
    Quadplexes 14
    Apartment buildings 12
    Short term rental properties 11
    Triplexes 8

    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
    46222 $189.9K
    46203 $375K
    46225 $420K
    46201 $467.5K
    46202 $884.4K

    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.

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    Most Searched ZIP Codes in Indianapolis, IN

    • 46201
    • 46202
    • 46203
    • 46222
    • 46225

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