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.
Sold
$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
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#: 22025426

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