# 2726 S Lyons Avenue, Indianapolis, IN 46241 > **TL;DR:** 7bd/3ba multi-family, $300,000, built 1935. > A/C, 2-car garage. Est. $1,605/mo. Listed 30 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $300,000 | | Bedrooms | 7 | | Bathrooms | 3 full | | Year Built | 1935 | | Lot Size | 10,454 sqft (0.24 acres) | | Stories | 1 | | Garage | 2-car | | Property Type | Multi-Family (Triplex) | | Status | Active | | Days on Market | 30 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,517 | | Estimated Insurance | $88 | | **Total** | **$1,605** | ## Key Amenities - A/C - 2-car garage ## Property Highlights - Built in 1935 - 0.24 acre lot ## Description ### Agent 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. ## Location - **Address:** 2726 S Lyons Avenue, Indianapolis, IN 46241 - **County:** Marion - **Neighborhood:** Mars Hill - **Coordinates:** 39.725294, -86.233771 - **Google Maps:** https://www.google.com/maps?q=39.725294,-86.233771 ## Listing Agent - **Name:** Denis O'Brien - **Brokerage:** Keller Williams Indy South - **Broker Phone:** (317) 882-5900 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2726-S-Lyons-Ave_Indianapolis_IN_46241_M45606-96942?f=listhub&s=MIBORIN&m=22128908&c=propsimple) ## Photos ![2726 S Lyons Avenue - Photo 1](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f1887900026r.jpg) ![2726 S Lyons Avenue - Photo 2](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f4238156603r.jpg) ![2726 S Lyons Avenue - Photo 3](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f232769731r.jpg) ![2726 S Lyons Avenue - Photo 4](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f3060774148r.jpg) ![2726 S Lyons Avenue - Photo 5](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f2237075367r.jpg) ![2726 S Lyons Avenue - Photo 6](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f452975779r.jpg) ![2726 S Lyons Avenue - Photo 7](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f3603726141r.jpg) ![2726 S Lyons Avenue - Photo 8](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f2379598905r.jpg) ![2726 S Lyons Avenue - Photo 9](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f3255456649r.jpg) ![2726 S Lyons Avenue - Photo 10](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f1593018975r.jpg) ![2726 S Lyons Avenue - Photo 11](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f115422166r.jpg) ![2726 S Lyons Avenue - Photo 12](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f3162500412r.jpg) ![2726 S Lyons Avenue - Photo 13](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f3203729714r.jpg) ![2726 S Lyons Avenue - Photo 14](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f3436714622r.jpg) ![2726 S Lyons Avenue - Photo 15](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f3200485912r.jpg) ![2726 S Lyons Avenue - Photo 16](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f1215243012r.jpg) ![2726 S Lyons Avenue - Photo 17](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f3252464919r.jpg) ![2726 S Lyons Avenue - Photo 18](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f3206982942r.jpg) ![2726 S Lyons Avenue - Photo 19](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f2702942421r.jpg) ![2726 S Lyons Avenue - Photo 20](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f3236845539r.jpg) ![2726 S Lyons Avenue - Photo 21](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f2986368673r.jpg) ![2726 S Lyons Avenue - Photo 22](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f1742348346r.jpg) ![2726 S Lyons Avenue - Photo 23](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f2994918474r.jpg) ![2726 S Lyons Avenue - Photo 24](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f441382329r.jpg) ![2726 S Lyons Avenue - Photo 25](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f2774556515r.jpg) ![2726 S Lyons Avenue - Photo 26](http://lh.rdcpix.com/710ea7b54ea0b5344d934c127f741473l-f1419552236r.jpg) --- **MLS#:** 22128908 | **Updated:** 2026-10-23 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/2726-s-lyons-avenue-indianapolis-in-46241-34c8392a38be4470bd00e82acddacfcb) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/2726-s-lyons-avenue-indianapolis-in-46241-34c8392a38be4470bd00e82acddacfcb#listing", "url": "https://www.propertysimple.ai/listing/2726-s-lyons-avenue-indianapolis-in-46241-34c8392a38be4470bd00e82acddacfcb", "name": "2726 S Lyons Avenue, Indianapolis, IN 46241", "description": "A rare opportunity offering flexibility, space, and income potential-all in one property. 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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. 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