Tremendous opportunity to purchase a multi-unit in one of Fountain Square's most desirable locations! This triplex is a rare find with incredible investment potential. A brand-new HVAC system was just installed in one of the units. Two of the three units have been renovated with updated HVAC, electrical, plumbing, kitchen, and bath. The third unit remains unrenovated and has had a long-term tenant. Property is zoned C-5 for high-density mixed use, allowing for future office or commercial space. The location of the property provides an excellent opportunity to combine with the vacant lot next door for a high-density mixed-use project in the heart of Fountain Square.
Sold
$505,000
1327 Prospect St, Indianapolis, IN 46203
1beds
1baths
--sqft
Multi Family, Triplex
Built in 1930
-- sqft lot
$463,100 Zestimate®
$--/sqft
$1,524 Estimated rent
Home value
$463,100
$394,000 - $533,000
$1,524/mo
Zestimate® history
Owner options
List your home for rent
$1,524/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,524/mo
Rent Zestimate®
Refinance and save
$3,148/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,148/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Desirable locationUpdated hvacBrand-new hvac system
Zillow last checked:
Listing updated:
Listing Provided by:
Matt Ajdaharian 317-645-7909,
Real Broker, LLC
Bought with:
Garrett Lawton
Trueblood Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22025426
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,405 sqft
Details
- Parcel number: 491018231141000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Triplex
Condition
- New construction: No
- Year built: 1930
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Hubbard Etal Southeast Add
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2025 | Sold | $505,000-3.8% |
Source:  MIBOR as distributed by MLS GRID #22025426 Report a problem | ||
| 4/18/2025 | Pending sale | $525,000 |
Source: MIBOR as distributed by MLS GRID #22025426 Report a problem | ||
| 3/6/2025 | Listed for sale | $525,000+18.2% |
Source: MIBOR as distributed by MLS GRID #22025426 Report a problem | ||
| 7/11/2022 | Sold | $444,000-11.2% |
Source: MIBOR as distributed by MLS GRID #21848445 Report a problem | ||
| 6/2/2022 | Pending sale | $499,900 |
Source: MIBOR as distributed by MLS GRID #21848445 Report a problem | ||
| 5/5/2022 | Price change | $499,900-3.7% |
Source: MIBOR as distributed by MLS GRID #21848445 Report a problem | ||
| 4/21/2022 | Price change | $518,9000% |
Source: MIBOR as distributed by MLS GRID #21848445 Report a problem | ||
| 4/13/2022 | Listed for sale | $519,000+15.3% |
Source: MIBOR as distributed by MLS GRID #21848445 Report a problem | ||
| 10/19/2021 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21803378 Report a problem | ||
| 9/13/2021 | Pending sale | $450,000 |
Source: MIBOR as distributed by MLS GRID #21803378 Report a problem | ||
| 8/10/2021 | Price change | $450,000+7.4% |
Source: MIBOR as distributed by MLS GRID #21803378 Report a problem | ||
| 8/3/2021 | Listed for sale | $419,000+161.9% |
Source: MIBOR as distributed by MLS GRID #21803378 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/16/2019 | Listing removed | $600 |
Source: Owner Report a problem | ||
| 9/13/2019 | Listed for rent | $600-66.7% |
Source: Owner Report a problem | ||
| 9/7/2018 | Listing removed | $1,800 |
Source: Owner Report a problem | ||
| 7/6/2018 | Price change | $1,800-14.3% |
Source: Owner Report a problem | ||
| 7/1/2018 | Listed for rent | $2,100+13.5% |
Source: Owner Report a problem | ||
| 7/26/2017 | Listing removed | $1,850 |
Source: Zillow Rental Network Report a problem | ||
| 7/14/2017 | Price change | $1,850-7.5% |
Source: Zillow Rental Network Report a problem | ||
| 7/6/2017 | Listed for rent | $2,000 |
Source: Zillow Rental Network Report a problem | ||
| 8/19/2016 | Sold | $160,000 |
Source: Public Record Report a problem | ||
| 7/21/2016 | Listed for sale | $160,000 |
Source: RE/MAX Ability Plus #21431639 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,748 -1% | $432,600 +5.3% |
| 2024 | $9,844 +53.2% | $410,800 -1% |
| 2023 | $6,427 +32% | $415,000 +52.5% |
| 2022 | $4,870 +22.3% | $272,200 +28.9% |
| 2021 | $3,983 +66.7% | $211,100 +22.7% |
| 2020 | $2,389 +10.1% | $172,000 +70% |
| 2019 | $2,170 +19.1% | $101,200 +11.1% |
| 2018 | $1,822 +6.2% | $91,100 +12.1% |
| 2017 | $1,716 +76.7% | $81,300 +8.1% |
| 2016 | $971 +10.9% | $75,200 +85.7% |
| 2014 | $876 -4.7% | $40,500 |
| 2013 | $919 | $40,500 |
| 2012 | $919 | $40,500 -13.5% |
| 2011 | -- | $46,800 |
| 2010 | $983 -2.3% | $46,800 |
| 2009 | $1,006 | $46,800 -8.2% |
| 2007 | -- | $51,000 -25.4% |
| 2006 | -- | $68,400 |
Find assessor info on the county website
Neighborhood: Fountain Square
Nearby schools
GreatSchools rating
- 6/10William McKinley School 39Grades: PK-5Distance: 0.5 mi
- 5/10HW Longfellow Med/STEM Magnet MidlGrades: 6-8Distance: 0.5 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.7 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$463,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$463,100
- Indiana
- Marion County
- Indianapolis
- 46203
- Fountain Square
- 1327 Prospect St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Indianapolis Topics
