1859 N Pennsylvania Street, Indianapolis, IN 46202
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
1859 N Pennsylvania Street,Indianapolis, IN 46202
$629,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: charlene gaard, robert gaard
Office: no limit real estate, llc.
MLS#:22130121
Source:IN_MIBOR | Licensed in Indiana
Price summary
- Price:$629,900
About this home
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....
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Home facts
- Year built:1895
- Subdivision & Development:Eliz Talbotts
- Listing ID #:22130121
- Added:2 day(s) ago
- Updated:October 09, 2026 at 03:52 PM
Rooms and interior
- Basement:Yes
- Basement Description:Basement
Structure and exterior
- Year built:1895
- Lot area:0.11 Acres
- Lot Features:Corner Lot, Sidewalks
- Construction Materials:Wood Siding
Utilities
- Water:Water
- Sewer:Sewer
Finances and disclosures
- Price:$629,900
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