2726 S Lyons Avenue Indianapolis, IN $ 300,000
2726 S Lyons Avenue
$ 300,000
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2726 S Lyons Avenue

Indianapolis, IN, 46241
$ 300,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 2,072

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Multi-Family Home for sale in Indianapolis, IN

for $300,000. This home was built in 1935 on a lot size of 0.24.

A rare opportunity offering flexibility, space, and income potential-all in one property. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or create a multi-generational living arrangement, this fully renovated tri-plex offers options that are hard to find. The property features three separate living spaces with a total of 7 bedrooms and 3 bathrooms. The main residence offers a spacious 3-bedroom, 1-bath layout, while the in-law quarters provide a private 2-bedroom, 1-bath setup. The third unit adds another 2 bedrooms and 1 bathroom, along with its own dedicated laundry room for added convenience. Previously generating approximately $5,000 per month in total rental income, this property offers compelling income potential for an investor or an owner-occupant looking to live in one unit while renting the others. Extensive renovations have already been completed throughout the property, including new HVAC systems, water heaters, plumbing, electrical, waterproof flooring, fresh interior paint, updated bathrooms, new faucets, appliances, and a new garage door. A 2-car garage provides additional value with space for parking, storage, or hobbies. With three living spaces, extensive updates, and multiple ways to use the property, this is more than just a home-it's an opportunity to create income, flexibility, and long-term value under one roof.

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Multi-Family Active

Price

$ 300,000

Property Type

Multi-Family

Taxes

$ 4,996

Style

Bungalow

Lot Size

0.24

Year Built

1935

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22128908

Features
General
Heating Baseboard Forced Air
Cooling Central Air Wall Unit(s)
Possession Closing
Roof Asphalt
Garage Spaces 2
Architectural Style Bungalow
Construction Materials Aluminum Siding
Year Built 1935
Township Wayne
Levels One
Property Subtype Triplex
Tax Year 2025
Current Use Residential Vacant
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Mars Hill
Facing Direction East
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 3
MLS Area 4909 - Marion - Wayne
Lot Size Square Feet 10411
Property Attached Y/N N
Additional Parcels Y/N N
Structure Type Triplex
Standard Status Active
Tax Lot 271 & 272
Legal Description Mars Hill L271 & L272
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Exterior
Exterior Amenities Gutter Guards
Parking Features Detached
Lot Features Mature Trees
Foundation Details Block
Lot Size Acres 0.24
Road Surface Type Gravel
Waterfront Y/N N
Road Frontage Type City Street
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Interior
Basement (Y/N) Y
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* Excluded Features
List By
Keller Williams Indy Metro Partners

Broker

denisobrien.kw@gmail.com

Email

Affordability Calculator

$2,488
Per Month
83%
17%
0%
Monthly Principal & Interest
$2,072
Monthly Property Taxes
$416
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/2/2026$300,000 Listed Price

Map


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2726 S Lyons Avenue, Indianapolis, IN, 46241 is a Multi-Family Home for sale at $300,000 with a lot size of 0.24. 2726 S Lyons Avenue has 0.0 baths and was built in 1935. The property's zip code is 46241 which is in Indianapolis, IN