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$629,900

1859 N Pennsylvania Street, Indianapolis IN, 46202

Price per sqftN/A
Built in1895
Property typeMulti-family
Courtesy of No Limit Real Estate, LLC, Charlene Gaard Listing Contact:

Overview

Active

Listed Oct 7, 2026

Updated 3 days ago

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.

$4,191/mo

Est. mortgage payment based on a $629,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
22130121

Interior Features

Basement
Yes

Exterior Features

Lot Size
0.11 Acres

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Based on information submitted to the MLS GRID as of 4:34 AM UTC on 10/8/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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