Nestled in the thriving heart of Fountain Square, this fully renovated triplex at 1701 Fletcher Avenue is a rare investment opportunity you don't want to miss. Located just moments from the vibrant Fountain Square district, this property offers the perfect blend of justified urban rents and long-term growth potential. Each of the three units has been recently updated (2018-2019), making this a true turnkey investment. Whether you're looking to expand your portfolio or start fresh in real estate investing, the cash flow potential is here. With Fountain Square continuing to grow as one of the city's most desirable neighborhoods which should afford continued rent and value appreciation with an already 7% cap rate, which is excellent for a prime area. Don't let this opportunity slip away-multi family in prime locations like this are few and far between!
Sold
$276,375
1701 Fletcher Ave, Indianapolis, IN 46203
6beds
3baths
--sqft
Multi Family, Triplex
Built in 1900
-- sqft lot
$276,400 Zestimate®
$--/sqft
$1,821 Estimated rent
Home value
$276,400
$263,000 - $290,000
$1,821/mo
Zestimate® history
Owner options
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$1,821/mo
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$1,821/mo
Rent Zestimate®
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$1,723/mo
Est. payment
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$1,723/mo
Est. payment
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List your homeWhat's special
Fully renovated triplex
Zillow last checked:
Listing updated:
Listing Provided by:
Bernard Goodman 317-340-8337,
Compass Indiana, LLC
Bought with:
Matthew Wehner
Gardner Property Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22088919
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Baseboard, Forced Air
Cooling
- Window Unit(s)
Appliances
- Laundry: Common Laundry
Features
- Basement: Partial,Unfinished
Property
Parking
- Total spaces: 3
- Parking features: Alley Access, Common, Aggregate
- Carport spaces: 3
- Details: Unit Parking(On Street)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,920 sqft
Details
- Parcel number: 491007120029000101
- Zoning: Residental
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Triplex
Materials
- Foundation: Block, Crawl Space
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1900
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Caven & Rockwood
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Sold | $276,375-10.8% |
Source:  MIBOR as distributed by MLS GRID #22088919 Report a problem | ||
| 6/2/2026 | Pending sale | $309,900 |
Source: MIBOR as distributed by MLS GRID #22088919 Report a problem | ||
| 5/21/2026 | Price change | $309,900-7.5% |
Source: MIBOR as distributed by MLS GRID #22088919 Report a problem | ||
| 5/6/2026 | Listed for sale | $334,900 |
Source: MIBOR as distributed by MLS GRID #22088919 Report a problem | ||
| 4/15/2026 | Pending sale | $334,900 |
Source: MIBOR as distributed by MLS GRID #22088919 Report a problem | ||
| 3/26/2026 | Listed for sale | $334,900+23.4% |
Source: MIBOR as distributed by MLS GRID #22088919 Report a problem | ||
| 2/3/2026 | Listing removed | $870 |
Source: Zillow Rentals Report a problem | ||
| 10/23/2025 | Price change | $870-2.8% |
Source: Zillow Rentals Report a problem | ||
| 10/1/2025 | Price change | $895-5.8% |
Source: Zillow Rentals Report a problem | ||
| 9/8/2025 | Listed for rent | $950+36.7% |
Source: Zillow Rentals Report a problem | ||
| 8/23/2023 | Sold | $271,420-8% |
Source: MIBOR as distributed by MLS GRID #21908846 Report a problem | ||
| 7/17/2023 | Pending sale | $295,000 |
Source: MIBOR as distributed by MLS GRID #21908846 Report a problem | ||
| 7/7/2023 | Listed for sale | $295,000+68.6% |
Source: MIBOR as distributed by MLS GRID #21908846 Report a problem | ||
| 9/10/2020 | Sold | $175,000-12.5% |
Source: MIBOR as distributed by MLS GRID #21728214 Report a problem | ||
| 7/30/2020 | Pending sale | $200,000 |
Source: FS Houses LLC #21728214 Report a problem | ||
| 7/30/2020 | Listed for sale | $200,000+102% |
Source: FS Houses LLC #21728214 Report a problem | ||
| 1/16/2018 | Listing removed | $695 |
Source: Lease 317 Report a problem | ||
| 1/12/2018 | Listed for rent | $695 |
Source: Lease 317 Report a problem | ||
| 8/17/2017 | Sold | $99,000+304.1% |
Source: Public Record Report a problem | ||
| 9/30/2014 | Sold | $24,500+122.7% |
Source: Agent Provided Report a problem | ||
| 8/29/2003 | Sold | $11,000 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,118 +14.1% | $279,800 +8.5% |
| 2024 | $5,363 +7.7% | $257,800 +14% |
| 2023 | $4,979 +13.4% | $226,100 +7.2% |
| 2022 | $4,390 +89.8% | $210,900 +10.8% |
| 2021 | $2,313 -18.6% | $190,300 +90.5% |
| 2020 | $2,842 +9% | $99,900 -17% |
| 2019 | $2,609 +48.3% | $120,400 +10% |
| 2018 | $1,758 +7% | $109,500 +39.8% |
| 2017 | $1,643 -2.2% | $78,300 +8.1% |
| 2016 | $1,681 +26% | $72,400 +17.3% |
| 2014 | $1,334 +1.7% | $61,700 +9.6% |
| 2013 | $1,312 | $56,300 -3.8% |
| 2012 | $1,312 | $58,500 -0.5% |
| 2011 | -- | $58,800 |
| 2010 | $1,222 +7.8% | $58,800 +10.5% |
| 2009 | $1,134 | $53,200 -2.7% |
| 2007 | -- | $54,700 +41% |
| 2003 | -- | $38,800 |
Find assessor info on the county website
Neighborhood: Fountain Square
Nearby schools
GreatSchools rating
- 6/10William McKinley School 39Grades: PK-5Distance: 0.1 mi
- 5/10HW Longfellow Med/STEM Magnet MidlGrades: 6-8Distance: 0.3 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$276,400
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
$276,400
- Indiana
- Marion County
- Indianapolis
- 46203
- Fountain Square
- 1701 Fletcher Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
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