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$629,900

For Sale

6 days ago

1859 Pennsylvania St, Indianapolis, IN

House

MLS® 22130121

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 5
Lot Size 0.11 Acres
Approx. Age 1895
MLS® Number 22130121

Property Address: 1859 Pennsylvania St, Indianapolis, IN, 46202-1416

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number22130121
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1895
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 7, 2026List Date
$629,900List Price
  • Commute

Commute

Starting Address
Destination Address
1859 Pennsylvania St, Indianapolis, IN

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