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1859 N Pennsylvania Street Indianapolis, IN $ 629,900
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1859 N Pennsylvania Street
$ 629,900
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1859 N Pennsylvania Street

Indianapolis, IN, 46202
$ 629,900
Bedrooms-- Baths0.0

Monthly Estimate*

$ 4,351

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Multi-Family Home for sale in Indianapolis, IN

for $629,900. This home was built in 1895 on a lot size of 0.11.

Not your typical triplex. This impressive duplex plus separate carriage house offers the combination investors rarely find: character, scale, strong current income and significant recent improvements-all three residences already leased into spring 2027. The main building is filled with architectural details that set it apart, including beautiful original woodwork, hardwood floors, substantial room sizes, distinctive staircase and decorative fireplaces. The property includes an approximately 1,730 SF 3BR/1BA upper residence leased at $1,825/month, an approximately 1,450 SF 2BR/1BA lower residence leased at $1,680/month, and a separate approximately 1,100 SF 3BR/1.5BA carriage house leased at $1,600/month. Current scheduled rent totals $5,105 per month/$61,260 annually. Major recent improvements include new high-efficiency HVAC systems and water heaters for both duplex units in 2026 and foundation tuckpointing in 2025. The carriage house offers additional independence with its own laundry and tenant-paid gas, electric and water. The upper-unit electric is separately metered but is included under the current lease and may be shifted to the tenant at renewal. Seller is willing to consider a contribution toward future exterior painting with an acceptable offer. An exceptional opportunity for an investor seeking an occupied three-unit property with established income, larger units, architectural character and substantial improvements already completed.

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Multi-Family Active

Price

$ 629,900

Property Type

Multi-Family

Taxes

$ 14,686

Style

Triplex

Lot Size

0.11

Year Built

1895

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22130121
Features
General
Possession Closing
Security Features Fire Alarm Smoke Detector(s)
Construction Materials Wood Siding
Year Built 1895
Township Center
Levels Two
Property Subtype Triplex
Tax Year 2025
Current Use Apt<20
County Marion
Insurance Expense 2001
New Construction N
Property Type Residential Income
Subdivision Name Eliz Talbotts
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 3
MLS Area 4910 - Marion - Center
Lot Size Square Feet 4800
Property Condition Updated/Remodeled
Structure Type Triplex
Standard Status Active
Tax Lot 49-06-36-176-108.000-101
Legal Description Eliz Talbotts Revised Add L86
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Exterior
Lot Features Access Corner Lot Sidewalks
Foundation Details Brick/Mortar
Lot Size Acres 0.11
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Interior
Basement (Y/N) Y
Laundry Features Common Laundry
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* Excluded Features
List By
No Limit Real Estate, Llc

Broker

charlenegaard@aol.com

Email

Affordability Calculator

$5,574
Per Month
78%
22%
0%
Monthly Principal & Interest
$4,351
Monthly Property Taxes
$1,224
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
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Pricing History
Date Price Price Change Description
10/7/2026 $629,900 Listed Price

Map

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1859 N Pennsylvania Street, Indianapolis, IN, 46202 is a Multi-Family Home for sale at $629,900 with a lot size of 0.11. 1859 N Pennsylvania Street has 0.0 baths and was built in 1895. The property's zip code is 46202 which is in Indianapolis, IN

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