Incredible house hack opportunity with this fully renovated 3-unit property offering luxury living and strong income potential. The main house features 3 bedrooms and 2.5 baths with high-end finishes throughout, including a stunning quartz kitchen, top-of-the-line appliances, and a spa-like primary suite designed for comfort and style. The private basement unit is fully equipped and income-ready, ideal for long-term or extended-stay rental, while the detached carriage house offers excellent flexibility for Airbnb, guest accommodations, or traditional leasing. This turnkey property is perfect for owner-occupants, investors, or multi-generational living-live in the main home and let the additional units offset or cover your mortgage, or rent all three for strong cash flow.
Sold
Zestimate®
$625,000
738 Cottage Ave, Indianapolis, IN 46203
5beds
5baths
--sqft
Multi Family, Triplex
Built in 2026
-- sqft lot
$625,000 Zestimate®
$--/sqft
$1,959 Estimated rent
Home value
$625,000
$594,000 - $656,000
$1,959/mo
Zestimate® history
Owner options
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$1,959/mo
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$1,959/mo
Rent Zestimate®
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$3,142/mo
Est. payment
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$3,142/mo
Est. payment
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List your homeWhat's special
Stunning quartz kitchenHigh-end finishes throughoutTop-of-the-line appliances
Zillow last checked:
Listing updated:
Listing Provided by:
Laura Waters 765-418-0985,
Highgarden Real Estate,
Leyton Wellbaum,
Highgarden Real Estate
Bought with:
Beau Matlock
Matlock Realty Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22082657
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Zoned, Heat Pump
Cooling
- Central Air, Dual, Ductless, Heat Pump
Appliances
- Laundry: Laundry Closet
Features
- Basement: Ceiling - 9+ feet,Apartment,Egress Window(s),Finished
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 3,484 sqft
Details
- Parcel number: 491113123065000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Triplex
Materials
- Foundation: Concrete Perimeter
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Details
- Builder name: Blankenship Custom H
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: South Park
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Sold | $625,000-3.8% |
Source:  MIBOR as distributed by MLS GRID #22082657 Report a problem | ||
| 4/24/2026 | Pending sale | $650,000 |
Source: MIBOR as distributed by MLS GRID #22082657 Report a problem | ||
| 4/1/2026 | Listed for sale | $650,000 |
Source: MIBOR as distributed by MLS GRID #22082657 Report a problem | ||
| 2/9/2026 | Pending sale | $650,000 |
Source: MIBOR as distributed by MLS GRID #22082657 Report a problem | ||
| 2/5/2026 | Listed for sale | $650,000+828.6% |
Source: MIBOR as distributed by MLS GRID #22082657 Report a problem | ||
| 4/30/2024 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21955213 Report a problem | ||
| 3/5/2024 | Price change | $69,999-6.7% |
Source: MIBOR as distributed by MLS GRID #21955213 Report a problem | ||
| 11/30/2023 | Listed for sale | $75,000+36.4% |
Source: MIBOR as distributed by MLS GRID #21955213 Report a problem | ||
| 9/21/2021 | Sold | $55,000-21.3% |
Source: MIBOR as distributed by MLS GRID #21808259 Report a problem | ||
| 9/15/2021 | Pending sale | $69,900 |
Source: MIBOR as distributed by MLS GRID #21808259 Report a problem | ||
| 8/20/2021 | Listed for sale | $69,900 |
Source: MIBOR as distributed by MLS GRID #21808259 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $847 -15.6% | $35,700 |
| 2024 | $1,004 -0.2% | $35,700 -1.4% |
| 2023 | $1,007 -3.6% | $36,200 |
| 2022 | $1,044 +0.2% | $36,200 +2.8% |
| 2021 | $1,042 | $35,200 |
| 2020 | -- | $35,200 +802.6% |
| 2019 | $93 +12.2% | $3,900 |
| 2018 | $83 +2.2% | $3,900 |
| 2017 | $81 -5.7% | $3,900 |
| 2016 | $86 +1.9% | $3,900 |
| 2014 | $84 -3.6% | $3,900 |
| 2013 | $88 | $3,900 |
| 2012 | $88 | $3,900 -30.4% |
| 2011 | -- | $5,600 |
| 2010 | $116 -2.4% | $5,600 |
| 2009 | $119 | $5,600 |
| 2007 | -- | $5,600 |
Find assessor info on the county website
Neighborhood: Near Southside
Nearby schools
GreatSchools rating
- 3/10James A. Garfield School 31Grades: PK-5Distance: 0.4 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 3.7 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.1 mi
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Estimated market value
$625,000
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
$625,000
- Indiana
- Marion County
- Indianapolis
- 46203
- Near Southside
- 738 Cottage Ave
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