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Pending
    • $375,000

    522 Prospect St, Indianapolis, IN 46203

    5beds
    3baths
    --sqft
    : 
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    Multi Family, Triplex
    Built in 1923
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modern kitchensNew flooringNewer roofWater heater
    This fully furnished triplex at 522 Prospect Street presents a strong investment opportunity with immediate income and future upside potential. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with two of the three units currently occupied, including the 1-bedroom unit leased at $1,250/month and one 2-bedroom unit leased at $1,395/month, generating current monthly rental income of $2,645. Recent updates include new flooring, modern kitchens, a newer roof, water heater, and furnace, while all furnishings are included in the sale for a turnkey transition. Previously operated as a successful Airbnb with projected monthly short-term rental revenue of approximately $6,575 according to AirDNA, the property is ideally located near Eli Lilly headquarters and just minutes from Fountain Square and Downtown Indianapolis, supporting strong rental demand and multiple income-producing strategies.
    54 days
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    25
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Hayley Wild 317-405-7915,

    Compass Indiana, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22100750MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      Appliances
      • Laundry: Connections All
      Features
      • Has basement: Yes

      Property

      Parking
      • Details: Unit Parking(On Street)
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 2,613 Square Feet
      Details
      • Parcel number: 491112101041000101
      • Special conditions: As Is,Short Sale

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Triplex
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1923

      Community & HOA

      Community
      • Subdivision: Hendricks
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $218,100
      • Annual tax amount: $2,590
      • Date on market: 5/8/2026
      • Cumulative days on market: 55 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/21/2026Pending sale$375,000
        Source: MIBOR as distributed by MLS GRID #22100750 Report a problem
        5/8/2026Listed for sale$375,000-3.8%
        Source: MIBOR as distributed by MLS GRID #22100750 Report a problem
        11/4/2025Listing removed$390,000
        Source: MIBOR as distributed by MLS GRID #22053037 Report a problem
        10/29/2025Price change$390,000-2.3%
        Source: MIBOR as distributed by MLS GRID #22053037 Report a problem
        10/13/2025Price change$399,000-3.9%
        Source: MIBOR as distributed by MLS GRID #22053037 Report a problem
        9/18/2025Price change$415,000-2.4%
        Source: MIBOR as distributed by MLS GRID #22053037 Report a problem
        9/10/2025Listed for sale$425,000
        Source: MIBOR as distributed by MLS GRID #22053037 Report a problem
        8/16/2025Listing removed$425,000
        Source: MIBOR as distributed by MLS GRID #22053037 Report a problem
        8/2/2025Pending sale$425,000
        Source: MIBOR as distributed by MLS GRID #22053037 Report a problem
        7/25/2025Listed for sale$425,000+6.3%
        Source: MIBOR as distributed by MLS GRID #22053037 Report a problem
        2/7/2025Listing removed$399,900
        Source: MIBOR as distributed by MLS GRID #22017629 Report a problem
        1/20/2025Pending sale$399,900
        Source: MIBOR as distributed by MLS GRID #22017629 Report a problem
        1/13/2025Listed for sale$399,900-11.1%
        Source: MIBOR as distributed by MLS GRID #22017629 Report a problem
        12/21/2021Sold$450,000-18%
        Source: MIBOR as distributed by MLS GRID #21797231 Report a problem
        10/20/2021Pending sale$549,000
        Source: MIBOR as distributed by MLS GRID #21797231 Report a problem
        9/29/2021Price change$549,000-8.3%
        Source: MIBOR as distributed by MLS GRID #21797231 Report a problem
        7/15/2021Listed for sale$599,000+207.2%
        Source: MIBOR as distributed by MLS GRID #21797231 Report a problem
        7/26/2017Sold$195,000+254.5%
        Source: Public Record Report a problem
        3/27/2006Sold$55,000
        Source: MIBOR as distributed by MLS GRID #2606515 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,591 +3.6%$218,100 +99.7%
        2024$2,502 +0.5%$109,200 +3.5%
        2023$2,491 +14.5%$105,500
        2022$2,175 +8.6%$105,500 +11.9%
        2021$2,003 +42.4%$94,300 +9%
        2020$1,407 +3.8%$86,500 +45.1%
        2019$1,356 +16.5%$59,600 +4.7%
        2018$1,164 +3.9%$56,900 +6.8%
        2017$1,120 +6.9%$53,300 +6%
        2016$1,048 +6.6%$50,300 +10.5%
        2014$984 -10.7%$45,500 +4.4%
        2013$1,101 $43,600 -11.2%
        2012$1,101 $49,100 +0.6%
        2011-- $48,800
        2010$1,015 -34.3%$48,800 -32.6%
        2009$1,543 $72,400 -10.1%
        2007-- $80,500

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Near Southside

        Getting around

        79 / 100
        Very Walkable
        41 / 100
        Some Transit
        85 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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