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Listed by Hayley Wild • Compass Indiana, LLC
$ 375,000
Est. payment /mo
Pending
522 Prospect ST Indianapolis, IN 46203
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Subdivision Hendricks
MLS Listing ID 22100750
Year Built 1923
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Triplex
Property Description
This fully furnished triplex at 522 Prospect Street presents a strong investment opportunity with immediate income and future upside potential. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with two of the three units currently occupied, including the 1-bedroom unit leased at $1,250/month and one 2-bedroom unit leased at $1,395/month, generating current monthly rental income of $2,645. Recent updates include new flooring, modern kitchens, a newer roof, water heater, and furnace, while all furnishings are included in the sale for a turnkey transition. Previously operated as a successful Airbnb with projected monthly short-term rental revenue of approximately $6,575 according to AirDNA, the property is ideally located near Eli Lilly headquarters and just minutes from Fountain Square and Downtown Indianapolis, supporting strong rental demand and multiple income-producing strategies.
Location
State IN
County Marion
Interior
Fireplace N
Building
Story Two
New Construction false
Schools
School District Indianapolis Public Schools
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