522 Prospect St

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Baths
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Description

This fully furnished triplex at 522 Prospect Street presents a strong investment opportunity with immediate income and future upside potential. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with two of the three units currently occupied, including the 1-bedroom unit leased at $1,250/month and one 2-bedroom unit leased at $1,395/month, generating current monthly rental income of $2,645. Recent updates include new flooring, modern kitchens, a newer roof, water heater,...This fully furnished triplex at 522 Prospect Street presents a strong investment opportunity with immediate income and future upside potential. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with two of the three units currently occupied, including the 1-bedroom unit leased at $1,250/month and one 2-bedroom unit leased at $1,395/month, generating current monthly rental income of $2,645. Recent updates include new flooring, modern kitchens, a newer roof, water heater, and furnace, while all furnishings are included in the sale for a turnkey transition. Previously operated as a successful Airbnb with projected monthly short-term rental revenue of approximately $6,575 according to AirDNA, the property is ideally located near Eli Lilly headquarters and just minutes from Fountain Square and Downtown Indianapolis, supporting strong rental demand and multiple income-producing strategies.

Listing Agent

  1. Hayley Wild

    Hayley Wild

    Listing Agent

    Compass Indiana, LLC

    P: (317)-405-7915

Property Details for 522 Prospect Street

Subdivision Name
Hendricks
Township
Center
LISTING UPDATED: 05/21/2026 06:56 PM

Property Details for 522 Prospect Street

StatusPending
MLS #22100750
Days on Market14
Taxes$1,295 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1923
Lot Size0.06 AC / 2,613 SF
CountyMarion County
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Building Information for 522 Prospect Street

Stories-Residences3Year Built1923Building Size-Lot Size0.06 AC / 2,613 SF

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$2,085 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,869

Property Taxes

$216

HOA Dues

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Property Information for 522 Prospect Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46203
  • Postal Code Plus4: 1890
  • Road Access: See Remarks
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491112101041000101
  • Semi Annual Property Tax Amt: 1295
  • Tax Year: 2024
  • TaxLot: 0
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Vacant
  • Lot Size Square Feet: 2613.0
  • Lot Size Acres: 0.06
  • New Construction: False
  • Year Built Numeric: 1923
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Hendricks Sub Ex Irr Tr 15.17Ft El X 7.59Ft Wln End L48 Ol99
  • Photos Count: 31
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Property Condition: Updated/Remodeled
Utilities
  • Solid Waste: No
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
  • Levels: Two
  • Laundry Features: Connections All
Multi Family
Multi-Family Information
  • Total Units: 3
  • Garage Parking: On Street
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 400
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 450
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Unit 3
  • Unit Kitchen: 400
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom

Property History for 522 Prospect Street

DateEvent & SourcePriceAppreciation
May 21, 2026

Pending

MIBORMLS #22100750

—
May 8, 2026

Listed (Active)

MIBORMLS #22100750

$375,000—
Nov 4, 2025

Expired

MIBORMLS #22053037

—
DateEvent & SourcePrice
05/21/2026

Pending

MIBORMLS #22100750

—
05/08/2026

Listed (Active)

MIBORMLS #22100750

$375,000
11/04/2025

Expired

MIBORMLS #22053037

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 522 Prospect Street

Taxable ValueLand$27,800Additions$81,400Total$109,200
Tax Record2024$2,591 ($216 / month)
Home Facts
Beds3Total Finished SqFt1,520 SqFtAbove Grade Finished SqFt1,520 SqFtStories2Lot Size2,701 SqFtStyleSingle Family ResidenceYear Built1923ZoningZO01CountyMARIONAPN49-11-12-101-041.000-101

Schools near 522 Prospect Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Brookside School 54
PublicPK to 5

James Russell Lowell School 51
PublicPK to 5

Anna Brochhausen School 88
PublicPK to 5

Thomas D. Gregg School 15
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information submitted to the MLS GRID as of 05/21/2026 06:56 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.