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  • $505,000

    1327 Prospect St, Indianapolis, IN 46203

    5beds
    4baths
    --sqft
    Multi Family, Triplex
    Built in 1930
    -- sqft lot
    $506,600 Zestimate®
    $--/sqft
    $3,878 Estimated rent

    What's special

    Tremendous opportunity to purchase a multi-unit in one of Fountain Square's most desirable locations! This triplex is a rare find with incredible investment potential. A brand-new HVAC system was just installed in one of the units. Two of the three units have been renovated with updated HVAC, electrical, plumbing, kitchen, and bath. The third unit remains unrenovated and has had a long-term tenant. Property is zoned C-5 for high-density mixed use, allowing for future office or commercial space. The location of the property provides an excellent opportunity to combine with the vacant lot next door for a high-density mixed-use project in the heart of Fountain Square.

    Zillow last checked: 7 hours ago

    Listing updated: May 07, 2025 at 03:06pm

    Listing Provided by:

    Matt Ajdaharian ajdmanagementllc@gmail.com,

    Real Broker, LLC

    Bought with:

    Garrett Lawton

    Trueblood Real Estate

    Source: MIBOR as distributed by MLS GRID,MLS#: 22025426MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 7,405 sqft
    Details
    • Parcel number: 491018231141000101

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Triplex
    Condition
    • New construction: No
    • Year built: 1930

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: Hubbard Etal Southeast Add
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $506,600

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $506,600