About This Home

This 7-bedroom, 3-bathroom multi-family at 2726 S Lyons Avenue in Indianapolis, IN is listed for $300,000. Built in 1935, on a 0.24 acres lot.

Key Features

  • Built in 1935
  • 0.24 acre lot

Property Details

1 story
3 full
2-car garage
1935

Amenities

A/C
Listing 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, elect

rical, 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.

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$88

Estimates only. Actual payments may vary.

Location

2726 S Lyons Avenue

Indianapolis, IN 46241

Mars Hill

Features & Amenities

Exterior Features

Gutter Guards

Property Details

Construction

Aluminum Siding

Heating

Forced AirBaseboard

Cooling

Wall Unit(s)Central Air

Questions & Answers

This 7-bedroom, 3-bathroom multi-family at 2726 S Lyons Avenue is listed at $300,000. The estimated monthly payment is $1,605 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1935, 0.24 acre lot. Exterior Features: Gutter Guards.

This property is listed by Denis O'Brien and can be reached at (317) 882-5900.

DO

Denis O'Brien

Agent at Keller Williams Indy South

(317) 882-5900

Listed by Keller Williams Indy South · Broker phone: (317) 882-5900 · View on Broker Site

MLS# 22128908· Source: Broker Listing Cooperative®· 17 days on PropertySimple

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2726 S Lyons Avenue, Indianapolis, IN 46241

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