$334,900

1701 Fletcher Avenue, Indianapolis, IN 46203

  • Property Icon Triplex
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

Nestled in the thriving heart of Fountain Square, this fully renovated triplex at 1701 Fletcher Avenue is a rare investment opportunity you don't want to miss. Located just moments from the vibrant Fountain Square district, this property offers the perfect blend of justified urban rents and long-term growth potential. Each of the three units has been recently updated (2018-2019), making this a true turnkey investment. Whether you're looking to expand your portfolio or start fresh in real estate investing, the cash flow potential is here. With Fountain Square continuing to grow as one of the city's most desirable neighborhoods which should afford continued rent and value appreciation with an already 7% cap rate, which is excellent for a prime area. Don't let this opportunity slip away-multi family in prime locations like this are few and far between!

Listing Status:
Active
Data Last Updated:
April 3, 2026 at 7:18PM
Listing Office:
Compass Indiana, LLC : 317-340-8337
Listing Agent:
Bernard Goodman : 317-340-8337
MLS ID:
22088919
  • Laundry: Common Laundry
  • Basement: PartialUnfinished
  • A/C: Window Unit(s)
  • Heating: BaseboardForced Air
  • Style: Traditional
  • Parking: Alley AccessCommonAggregate
  • Roofing: Asphalt
  • General: TwoBlockCrawl Space
  • Originating MLS: mibor
  • School District: Indianapolis Public Schools
  • County: Marion
  • Zoning: ResidentalCaven & Rockwood E Wood- Lawn L1 B3491007120029000101
  • Current Use: See Remarks
  • Source: mibor

This listing courtesy of Bernard Goodman , Compass Indiana, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

William McKinley Elementary School 39

1733 Spann Ave, Indianapolis, IN, 46203

Grades PK-6

0.07 miles away

L

Longfellow STEM Magnet Middle School

510 Laurel St, Indianapolis, IN, 46203

Grades 7-8

0.35 miles away

A

Arsenal Technical High School

1500 E Michigan St, Indianapolis, IN, 46201

Grades 9-12

1.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.