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2726 S Lyons AvenueIndianapolis, IN 46241

Mars Hill · Marion County

$300,000List price
1935Year built
0.24Acre lot
2Garage
3 weeks agoOn market

Description

A rare opportunity offering flexibility, space, and income potential-all in one property. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or create a multi-generational living arrangement, this fully renovated tri-plex offers options that are hard to find. The property features three separate living spaces with a total of 7 bedrooms and 3 bathrooms. The main residence offers a spacious 3-bedroom, 1-bath layout, while the in-law quarters provide a private 2-bedroom, 1-bath setup. The third unit adds another 2 bedrooms and 1 bathroom, along with its own dedicated laundry room for added convenience. Previously generating approximately $5,000 per month in total rental income, this property offers compelling income potential for an investor or an owner-occupant looking to live in one unit while renting the others. Extensive renovations have already been completed throughout the property, including new HVAC systems, water heaters, plumbing, electrical, waterproof flooring, fresh interior paint, updated bathrooms, new faucets, appliances, and a new garage door. A 2-car garage provides additional value with space for parking, storage, or hobbies. With three living spaces, extensive updates, and multiple ways to use the property, this is more than just a home-it's an opportunity to create income, flexibility, and long-term value under one roof.

Property Information

Property type
Residential Income
Sub-type
Triplex
Structure type
Triplex
Year built
1935
Lot size
0.24 acres
Garage spaces
2
Days on market
25
MLS® Listing#
22128908

Property Features

Cooling
Central Air · Wall Unit(s)
Heating
Baseboard · Forced Air
Parking
Detached
Construction
Aluminum Siding
Foundation
Block
Roof
Asphalt
Parcel number
491120119009000900

Directions

GPS Friendly

Listing Courtesy: Keller Williams Indy Metro Partners - denisobrien.kw@gmail.com

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Last Updated: 2026-10-02T00:00:00.000Z

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Connect with a Local Real Estate Expert

  • Dan Nolan

    Broker of Record

    EXIT Strategy Realty

  • Eve Benton

    Designated Managing Broker

    EXIT Strategy Realty

  • Moe Doleh

    Associate Broker

    EXIT Strategy Realty