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$235,000   Price Analysis
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522-526 Prospect St
Indianapolis, IN 46203
Unknown bed None bath 750 SqFt ($313/SqFt)
6,534SqFt lot. Built 1923
Listed 2024-05-07, Taxes $2,576
Ⓧ USDA Ineligible
due to location

near Indianapolis

Investment opportunity!

* Sale Pending *

This triplex and lot next door are ready for you to come along and make t your own!! Located in popular Bates Hendricks, this property can be cash flowing in no time!! Each unit is one bed one bath, upstairs you could add square footage! One unit is currently rented on month to month. The 2nd unit downstairs can be rent ready now with a few touches. Or do an overhaul to get exceptional rents or short-term rental. This prop erty is close to everything, downtown, Lilly, hospitals. Could be tremendous for professionals and/or traveling nurses!!

The lot next door comes with the property and has a curb cut!! You can build a second property, garage or an outdoor courtyard oasis for your tenants!! Main sewer line was replaced last year!! With the close proximity to everything Indy has to offer, this is a GEM!! Rents can be much higher! Property sold as-is


Presented by Valerie Vaughn at
Match House Realty Group LLC.
Listing Agent Photo

Property MLS #21977117 from MIBOR

Road Access: Access Rd, Frontage Road, Street Cuts
Road Frontage Type: City Street
Road Surface Type: Asphalt

Lot Size Acres: 0.15
Lot Size Square Feet: 6534

Association: No
Calculated Total Monthly Association Fees: 0
Pet Description: Pet Deposit Fee: 1

Gross Income: 675

Number of Units: 3
Unit Type: 1 Bedroom
Bedrooms in Unit-1: 1
Total Bathrooms in Unit-1: 1
Total Rooms in Unit-1: 3
Unit-1 Square Feet: 750
Unit 1 Total Actual Rent: 675

High School District: Indianapolis Public Schools

Washington Irving School 14 is a public elementary school located approximately 1.3 miles away.
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Lumen Christi Catholic School is a private elementary, middle and high school located approximately 0.4 miles away.
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James A. Garfield School 31 is a public elementary and middle school located approximately 0.6 miles away.
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Purdue Polytechnic High School Ind is a public high school located approximately 1.1 miles away.
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Source Listing Status: Pending
County: Marion
Directions: GPS Friendly
Tax Year: 2023
Source Property Type: Residential Income
Area: 4913 - Marion - Center Se
Source Neighborhood: Hendricks
Parcel Number: 491112101041000101
Subdivision: Hendricks
Township: Center SE
Property Subtype: Triplex
Lot Number: 48-49
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$66,500 + $27,800
$94,300
$2,576
2021$66,500 + $27,800
$94,300
$2,259
2020$58,700 + $27,800
$86,500
$2,085
2019$56,500 + $3,100
$59,600
$1,487
2018$53,800 + $3,100
$56,900
$1,434
2017$50,200 + $3,100
$53,300
$1,208
2016$47,200 + $3,100
$50,300
$1,120
2015$44,500 + $3,100
$47,600
$1,048
2014$42,400 + $3,100
$45,500
$983
2013$40,500 + $3,100
$43,600
$906
2012$46,000 + $3,100
$49,100
$1,101
2011$36,100 + $12,700
$48,800
$1,014
2010$36,100 + $12,700
$48,800
$1,543
2008$67,800 + $12,700
$80,500
$2,277
2008$59,700 + $12,700
$72,400
$2,277
2006$33,300 + $12,700
$46,000
$1,003

Price Changed 2024-05-17
$235,000
MIBOR
Listed 2024-05-07
$265,000
MIBOR
Listing removed 2021-12-21
$549,000
MIBOR
Price Changed 2021-09-29
$549,000
MIBOR
Listed 2021-07-15
$599,000
MIBOR
Listing removed 2014-06-24
$85,900
MIBOR
Listed 2012-07-10
$85,900
MIBOR
Listing removed 2012-01-14
$90,000
MIBOR
Listed 2011-07-14
$90,000
MIBOR

Year Built: 1923
Property Age: 101
Property Attached: Yes
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.