BEDS0
BATHS
MLS#22130121
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONEliz Talbotts
SCHOOLIndianapolis Public Schools
Property 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. An exceptional opportunity for an investor seeking an occupied three-unit property with established income, larger units, architectural character and substantial improvements already completed.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.11 Acres
Taxes: $14,686
Year Built: 1895
Feature Descriptions
Days on Site: 14
Exterior: Wood Siding
Foundation: Brick/Mortar
Local Schools
School District: Indianapolis Public Schools
Listed By / Shown By
Listed By
Agency Name: No Limit Real Estate, LLC
Agency Phone: 317-440-2149
Shown By
Agent Name: Brent Rickards
Agent Phone: (317) 969-5959
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 4,754.47 per month $3,355.67 Principal & Interest $1,223.83 Property Tax $174.97 Homeowner's InsuranceChange Payment Information
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1859 N Pennsylvania Street | MLS# 22130121
This multi-family property located at 1859 N Pennsylvania Street, Indianapolis, IN 46202 is currently listed for sale with an asking price of $599,900. N Pennsylvania Street is located within the Indianapolis Public Schools school district. Search Indianapolis real estate on www.brentrickards.com today.