Discover a unique investment opportunity in the Southport area of Indianapolis with this fully occupied triplex offering three distinct rental units and plenty of character. The main-level residence features 2 bedrooms and 2 full bathrooms along with beautiful original details, including substantial woodwork, classic molding, and impressive pocket doors that reflect the home's historic charm. Upstairs, the 1-bedroom, 1-bathroom unit has seen approximately $35,000 in recent improvements, including an updated kitchen, electrical upgrades, and a new air-conditioning system. A separate rear 1-bedroom, 1-bathroom unit completes the property. Each unit has its own furnace and water heater, providing added convenience for both ownership and tenants. Outside, the property offers two driveways along with a spacious garage featuring tandem parking and an additional lean-to. All three units are currently leased, making this an excellent opportunity for an investor looking to add an established multifamily property to their portfolio. Conveniently located in the Southport area with easy access to shopping, dining, major roadways, and only 15 minutes to University of Indianapolis.
Price cut: $5.3K (9/18)
$294,700
2608 E Southport Rd, Indianapolis, IN 46227
4beds
4baths
--sqft
Multi Family, Triplex
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Classic moldingSubstantial woodworkBeautiful original detailsImpressive pocket doorsTwo drivewaysAdditional lean-toUpdated kitchen
- 58 days
- 742
- 45
Zillow last checked:
Listing updated:
Listed by:
Christopher Chaulk devin@letdevinhelp.com,
@properties
Source: MIBOR as distributed by MLS GRID,MLS#: 22121086
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Has Heating (Unspecified Type)
Cooling
- Window Unit(s)
Features
- Has basement: Yes
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.28 Acres
Details
- Parcel number: 491508111006000513
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Triplex
Materials
- Other
Condition
- New construction: No
- Year built: 1900
Community & HOA
Community
- Subdivision: Indianapolis
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $283,300
- Annual tax amount: $7,368
- Date on market: 8/20/2026
- Cumulative days on market: 59 days
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Price change | $294,700-1.8% |
Source: | ||
| 8/20/2026 | Listed for sale | $300,000+145.5% |
Source: | ||
| 7/1/2015 | Sold | $122,200-6% |
Source: | ||
| 6/1/2015 | Pending sale | $130,000 |
Source: Mike Duncan Real Estate Group #21332452 Report a problem | ||
| 1/21/2015 | Listed for sale | $130,000 |
Source: Mike Duncan Real Estate Group #21332452 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,445 +3.3% | $283,300 +11.9% |
| 2024 | $6,238 +10.1% | $253,200 +3.2% |
| 2023 | $5,665 +22.3% | $245,300 +10.7% |
| 2022 | $4,631 +108.8% | $221,500 +24.2% |
| 2021 | $2,218 +8.1% | $178,400 +4.2% |
| 2020 | $2,053 -0.3% | $171,200 +8% |
| 2019 | $2,059 +1.8% | $158,500 +3.5% |
| 2018 | $2,022 +6% | $153,200 +6.3% |
| 2017 | $1,908 +18.3% | $144,100 +6.1% |
| 2016 | $1,613 -47.1% | $135,800 +8.1% |
| 2014 | $3,048 +7.7% | $125,600 +6.8% |
| 2013 | $2,830 | $117,600 +1.6% |
| 2012 | $2,830 | $115,800 +10.6% |
| 2011 | -- | $104,700 -22.6% |
| 2010 | $2,706 +29.2% | $135,200 +29.1% |
| 2009 | $2,095 | $104,700 -6.4% |
| 2007 | -- | $111,900 +9.5% |
| 2003 | -- | $102,200 +162.7% |
| 2002 | -- | $38,900 +199.9% |
| 2001 | -- | $12,970 |
| 2000 | -- | $12,970 |
Find assessor info on the county website
Monthly payment
Est. payment




