1542 Bellefontaine Street, Indianapolis, IN 46202

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
1542 Bellefontaine Street,Indianapolis, IN 46202
$1,050,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kristin glassburn
Office: @properties
MLS#:22124856
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$1,050,000

About this home

Income-producing luxury triplex in Old Northside, one of downtown Indy's most in-demand rental markets! Three separate units deliver multiple income streams: a 3 bed/3.5 bath main house, a 2 bed/1 bath lower-level unit and a 1 bed/1 bath carriage house, 6 beds, 5.5 baths and 3.5 kitchens in all. Proven operating history shows an approx. 7.4% cap rate at list price (before taxes and insurance; financials available upon request). Keep it as a turnkey furnished rental, lease long-term, or owner-occupy one unit while the others help cover the mortgage. Finishes that command premium rents: chef's kitchen with Cafe appliances, open living and dining with abundant natural light, primary suite with walk-out balcony, and a third-floor entertainment level with half kitchen, full bath and rooftop hot tub with skyline views. Carriage house has its own kitchen and private patio. 3-car garage. Walk to the Monon Trail, Mass Ave and Bottleworks, where tenants and guests want to be!

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Home facts

  • Year built:2018
  • Subdivision & Development:College Corner
  • Listing ID #:22124856
  • Added:1 day(s) ago
  • Updated:September 25, 2026 at 03:16 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Ceiling - 9+ feet, Egress Window(s), Finished, Full

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:2018
  • Lot area:0.08 Acres
  • Lot Features:Sidewalks, Street Lights
  • Architectural Style:Contemporary
  • Construction Materials:Wood Siding
  • Foundation Description:Concrete Perimeter

Finances and disclosures

  • Price:$1,050,000

Parking

  • Garage:Yes
  • Garage spaces:3
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