Triplex

Indianapolis, IN Triplexes for Sale

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Historic Brick Triplex
Updated: Aug 5
Historic Brick Triplex

1704 N Pennsylvania Street, Indianapolis, IN 46202

$1,395,000
0.11 AC lot
Three‑unit triplex at 1704 N Pennsylvania Street, Indianapolis, IN 46202
Built in 1913
Situated on a 0.11‑acre lot
Brick and stucco construction
Natural‑gas and hot‑water heating
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Triplex with Separate Living Quarter
Updated: Aug 28
Triplex with Separate Living Quarter

8724 Shelby Street, Indianapolis, IN 46227

$285,000
1.42 AC lot
Three‑unit residential property with one main residence and a separate living quarter
Unit A: 3 bedrooms, 1.5 bathrooms, and approximately 1,922 square feet
Unit B: 1 bedroom, 1 bathroom, and approximately 804 square feet
Unit C: 1 bedroom, 1 bathroom, approximately 672 square feet, plus 8‑by‑8‑foot storage
1.42‑acre parcel with a small pond at the rear
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Renovated Triplex with Studio Suite
Renovated Triplex with Studio Suite

2018 Prospect Street, Indianapolis, IN 46203

$475,000
0.09 AC lot

Three-unit configuration combines modern finishes, private entrances, and separate laundry for flexible occupancy options.

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Mixed-Use Building with Vacant Retail
Mixed-Use Building with Vacant Retail

2305 E Michigan Street, Indianapolis, IN 46201

$520,000
8,750 sqft

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

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Triplex with Dedicated Storage
Triplex with Dedicated Storage

2305 E Michigan Street, Indianapolis, IN 46201

$520,000
0.09 AC lot

Like-new construction combines modern finishes, dedicated storage, and an available unit with two occupied rentals.

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Updated Triplex
Updated Triplex

1920 E Washington Street, Indianapolis, IN 46201

$330,000
0.09 AC lot

Refreshed interiors include updated bathrooms, new flooring, and fresh paint across the three-unit layout.

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New-Construction Townhome Triplex
New-Construction Townhome Triplex

1651-1655 Lexington Avenue, Indianapolis, IN 46203

$1,200,000

Three attached residences offer private garages, balconies, and contemporary apartment-style living near Fountain Square.

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Fully Occupied Triplex
Fully Occupied Triplex

2608 E Southport Rd, Indianapolis, IN 46227

$300,000
12,197 sqft

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

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Triplex with Separate-Entry Attic
Triplex with Separate-Entry Attic

2455 Shelby Street, Indianapolis, IN 46203

$375,000
0.12 AC lot

Three-unit residential property with updated systems, ductless cooling, and alley parking access.

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Triplex Property with Private Entrances
Triplex Property with Private Entrances

2937 W 10th Street, Indianapolis, IN 46222

$179,900
0.11 AC lot

Five individually accessed spaces combine residential layouts with features suited to commercial or rental use.

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Highly Visible Corner Mixed-Use Building
Highly Visible Corner Mixed-Use Building

1701 Prospect St, Indianapolis, IN 46203

$729,000

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

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Furnished Triplex with Cinema Room
Furnished Triplex with Cinema Room

1743 S Meridian St, Indianapolis, IN 46225

$399,900

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

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Renovated Triplex with Short-Term Rental
Renovated Triplex with Short-Term Rental

1631 Columbia Ave, Indianapolis, IN 46202

Contact for pricing

Triplex fully renovated in 2022, with one unit currently operating as a short-term rental.

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 13 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.

Updated Triplex with Detached ADU
Updated Triplex with Detached ADU

2231 Lincoln St, Anderson, IN 46016

$225,000
6,750 sqft

Three leased one-bedroom units include refreshed interiors, appliances, and tenant-paid utilities, with water remaining owner responsibility.

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Three-Unit Triplex on Main Road
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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Updated Triplex With Detached Unit
Updated Triplex With Detached Unit

2231 Lincoln Street, Anderson, IN 46016

$214,900
0.16 AC lot

Three leased one-bedroom apartments include appliances, updated finishes, and tenant-paid utilities except water.

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3-Unit Residential Triplex
3-Unit Residential Triplex

589 E Main Street, Whiteland, IN 46184

$250,000
0.25 AC lot

Three separate apartments offer individual living and kitchen areas, with gravel parking and a main-road setting near commercial businesses.

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Indianapolis, IN Triplexes Market Trends and Statistics

Explore 13 triplexes for sale in Indianapolis, IN, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 20,947 square feet of properties for sale, with an estimated market value of $6,708,800.

Sale prices for three-family homes in Indianapolis, IN start at $179,900, averaging $559,066, 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

Duplexes 182
Apartment buildings 28
Quadplexes 28
Triplexes 13
Short term rental properties 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
46218 $299.9K
46225 $399.9K
46201 $457.5K
46203 $526.3K

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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