Incredible Triplex Investment Opportunity in Beech Grove! Welcome to an outstanding investment opportunity in the heart of Beech Grove! This triplex offers an excellent combination of great returns, prime location, and beautifully renovated interiors, making it an ideal choice for smart investors. Renovated Interiors: The interiors of this triplex were completely rehabbed prior to the current tenant move-in, ensuring modern comfort and appeal. From new kitchens, bathrooms, flooring, to fresh paint and appliances, everything has been upgraded to attract quality tenants and minimize maintenance costs. Excellent Rental Income: With gross rents totaling $3035 per month and leases in place, this property offers a stable and lucrative income stream. Great Cap Rate and Cash on Cash Return: These metrics demonstrate the financial viability and profitability of the investment, making it a smart choice for both seasoned investors and those new to real estate investment. Convenient Location: Situated just steps from Main Street, this triplex sits in an excellent location with easy access to all amenities. Tenants will appreciate the convenience of being within walking distance to shopping, essential services, restaurants and entertainment options. This prime location enhances tenant attraction and retention. Investment Highlights: Fully renovated interiors with modern amenities. Stable rental income with leases in place. Diverse unit configurations for tenant flexibility. Strong cap rate and cash on cash return. An appraisal from 2023 is available.
Sold
$305,000
52 N 5th Ave, Beech Grove, IN 46107
4beds
3baths
--sqft
Multi Family, Triplex
Built in 1915
-- sqft lot
$308,000 Zestimate®
$--/sqft
$1,308 Estimated rent
Home value
$308,000
$293,000 - $323,000
$1,308/mo
Zestimate® history
Owner options
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$1,308/mo
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$1,308/mo
Rent Zestimate®
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$1,902/mo
Est. payment
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$1,902/mo
Est. payment
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Modern amenitiesEssential servicesModern comfortFully renovated interiorsRenovated interiorsNew kitchensEntertainment options
Zillow last checked:
Listing updated:
Listing Provided by:
Daniel McNeal 317-902-3177,
@properties
Bought with:
Cara Conde
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 21974021
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Main level bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: Connections Some
Features
- Has basement: Yes
Property
Parking
- Parking features: Alley Access, Gravel
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,227 sqft
- Features: Corner Lot, Sidewalks, Storm Sewer, Street Lights
Details
- Parcel number: 491028139016000502
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Triplex
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1915
Community & neighborhood
Security
- Security features: Smoke Alarm
Location
- Region: Beech Grove
- Subdivision: Beech Grove
Other
Other facts
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2024 | Sold | $305,000-6.2% |
Source:  MIBOR as distributed by MLS GRID #21974021 Report a problem | ||
| 5/1/2024 | Pending sale | $325,000 |
Source: MIBOR as distributed by MLS GRID #21974021 Report a problem | ||
| 4/22/2024 | Listed for sale | $325,000+71.1% |
Source: MIBOR as distributed by MLS GRID #21974021 Report a problem | ||
| 3/30/2023 | Sold | $190,000-4.5% |
Source: MIBOR as distributed by MLS GRID #21886334 Report a problem | ||
| 12/22/2022 | Pending sale | $199,000 |
Source: MIBOR as distributed by MLS GRID #21886334 Report a problem | ||
| 11/3/2022 | Price change | $199,000-5.2% |
Source: MIBOR as distributed by MLS GRID #21886334 Report a problem | ||
| 10/10/2022 | Price change | $209,900-4.6% |
Source: MIBOR as distributed by MLS GRID #21886334 Report a problem | ||
| 10/4/2022 | Listed for sale | $220,000+41% |
Source: MIBOR as distributed by MLS GRID #21886334 Report a problem | ||
| 8/5/2021 | Sold | $156,000-13.3% |
Source: MIBOR as distributed by MLS GRID #21774567 Report a problem | ||
| 5/20/2021 | Pending sale | $179,900 |
Source: MIBOR as distributed by MLS GRID #21774567 Report a problem | ||
| 5/16/2021 | Listed for sale | $179,900 |
Source: MIBOR as distributed by MLS GRID #21774567 Report a problem | ||
| 5/5/2021 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21774567 Report a problem | ||
| 3/26/2021 | Listed for sale | $179,900+80.1% |
Source: MIBOR as distributed by MLS GRID #21774567 Report a problem | ||
| 11/10/2017 | Listing removed | $99,900 |
Source: RE/MAX Results #21520418 Report a problem | ||
| 10/26/2017 | Pending sale | $99,900 |
Source: RE/MAX Results #21520418 Report a problem | ||
| 10/23/2017 | Listed for sale | $99,900 |
Source: RE/MAX Results #21520418 Report a problem | ||
| 1/30/2016 | Listing removed | $500 |
Source: Kline Properties, Inc. #21353232 Report a problem | ||
| 10/31/2015 | Listed for rent | $500 |
Source: Kline Properties, Inc. #21353232 Report a problem | ||
| 6/19/2015 | Listing removed | $500 |
Source: Kline Properties, Inc. #21353232 Report a problem | ||
| 5/15/2015 | Listed for rent | $500-9.1% |
Source: Kline Properties, Inc. #21353232 Report a problem | ||
| 4/26/2012 | Listing removed | $550 |
Source: Kline Properties Inc Report a problem | ||
| 4/23/2012 | Listed for rent | $550 |
Source: Kline Properties Inc Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,505 +11.2% | $338,400 +43.3% |
| 2024 | $5,849 +5.9% | $236,100 +12.9% |
| 2023 | $5,522 +23.8% | $209,100 +8.6% |
| 2022 | $4,459 +18.9% | $192,500 +19.3% |
| 2021 | $3,749 +6.7% | $161,400 +11.9% |
| 2020 | $3,514 +19.7% | $144,300 +2.9% |
| 2019 | $2,936 -16.3% | $140,300 +15.6% |
| 2018 | $3,509 +0.5% | $121,400 +2% |
| 2017 | $3,492 +26.8% | $119,000 +3.2% |
| 2016 | $2,754 +13.2% | $115,300 +11.2% |
| 2014 | $2,433 +136.3% | $103,700 +13.1% |
| 2013 | $1,030 | $91,700 -0.5% |
| 2012 | $1,030 | $92,200 -4.4% |
| 2011 | -- | $96,400 -19.1% |
| 2010 | $1,359 +26.5% | $119,100 +23.5% |
| 2009 | $1,074 | $96,400 -15.3% |
| 2007 | -- | $113,800 |
Find assessor info on the county website
Neighborhood: 46107
Nearby schools
GreatSchools rating
- 3/10Central Elementary School (Beech Grove)Grades: 5-6Distance: 0.3 mi
- 8/10Beech Grove Middle SchoolGrades: 7-8Distance: 0.5 mi
- 2/10Beech Grove Senior High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$308,000
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
$308,000
- Indiana
- Marion County
- Beech Grove
- 46107
- 52 N 5th Ave
Nearby cities
Nearby zip codes
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