522 Prospect Street, Indianapolis, IN 46203

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
522 Prospect Street,Indianapolis, IN 46203
$375,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: hayley wild
Office: compass indiana, llc.
MLS#:22100750
Source:IN_MIBOR

Price summary

  • Price:$375,000

About this home

This fully furnished triplex at 522 Prospect Street presents a strong investment opportunity with immediate income and future upside potential. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with two of the three units currently occupied, including the 1-bedroom unit leased at $1,250/month and one 2-bedroom unit leased at $1,395/month, generating current monthly rental income of $2,645. Recent updates include new flooring, modern kitchens, a newer roof, water heater, and furnace, while all furnishings are included in the sale for a turnkey transition. Previously operated as a successful Airbnb with projected monthly short-term rental revenue of approximately $6,575 according to AirDNA, the property is ideally located near Eli Lilly headquarters and just minutes from Fountain Square and Downtown Indianapolis, supporting strong rental demand and multiple income-producing strategies.

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Home facts

  • Year built:1923
  • Listing ID #:22100750
  • Added:51 day(s) ago
  • Updated:June 28, 2026 at 10:28 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1923
  • Lot area:0.06 Acres

Finances and disclosures

  • Price:$375,000
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