1. Home
  2. > Search
  3. > Homes for Sale in Bates-Hendricks
  4. > 522 Prospect Street, Indianapolis, IN 46203
$375,000
5
beds
3
baths

522 Prospect Street
Indianapolis, Indiana 46203

New / MLS #22100750 / Multiple Unit (2-4) / Bates-Hendricks
Listing information updated 5/8/2026 at 5:46pm
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.
Beds Above Grade:
5
Pool:
No
Age:
103 Years
Square Feet:
N/A
Lot Size:
0.06 Acres
Acreage:
0.06
Tax Amount:
N/A
Tax Year:
2024
Zip Code:
46203
City:
Indianapolis
County:
Marion
School District(s):
Indianapolis Public Schools
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: Compass Indiana, LLC

Listing Office Phone: 317.563.5051

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 5/8/2026 at 5:46pm. 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.

Bates-Hendricks

Bates-Hendricks, IN

Bates-Hendricks is ideally situated near downtown, Fountain Square, and Garfield Park. The neighborhood is also close to many restaurants, businesses, and recreational facilities. East Street’s bikeways provide an easy commute downtown for cyclists. Plus, commuters have quick access to I-65 and I-...
$261,258
Average Sale Price
94
Average Days On The Market
89%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 522 Prospect Street, Indianapolis, IN 46203

Not quite what you are looking for?

Similar listings for sale near 522 Prospect Street, Indianapolis, IN 46203

Like the area?

More homes for sale near 522 Prospect Street, Indianapolis, IN 46203

New Listings in Bates-Hendricks, IN

Recently Sold Homes in Bates-Hendricks, IN

Nearby Homes for Sale

522 Prospect Street, Indianapolis, IN 46203 is a multiple unit (2-4) currently listed at $375,000. 522 Prospect Street features 5 Beds, 3 Baths. This multiple unit (2-4) has been listed on @properties IND since May 8th, 2026 and was built in 1923.

This office is independently owned & operated.
@properties, the @properties’ logo, and other various trademarks, logos, designs, and slogans herein are the registered and unregistered trademarks of At World Properties, LLC d/b/a @properties.
At World Properties, LLC and its subsidiaries do not discriminate against the use of Housing Choice Vouchers. Se Aceptan Vales de Elección de Vivienda.
Leading Real Estate Companies of the World
Loan officer Matt Davis
Facebook
X (Twitter)
Instagram
YouTube