Key facts
- Lot
- 0.19 acres
- Year built
- 1900
- Type
- Residential Income · Triplex
- Stories
- Two, one and one half
- MLS #
- 22123926
- County
- Madison
- Subdivision
- Frees Park Place
About this home
Fully occupied triplex offering immediate cash flow with $2,569/month in gross rental income. This stabilized investment has been renovated in recent years and features a new roof (2023) and new furnace (2022). Long-term tenants have a strong payment history and currently handle lawn care and snow removal. Owner pays water/sewer and gas; tenants pay electric and trash. Offered at $168,000, this property exceeds the 1% rule and presents an excellent opportunity for investors seeking stable income and a well-maintained asset.
Description provided by the listing brokerage.
Interior
- Laundry
- Security
Exterior
- Construction
- Foundation
- Style
Lot and HOA
- Lot features
Schools
- School district
- Anderson Community School Corp
Taxes
- Estimated annual tax
- $2,172 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
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