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.

Based on information submitted to MIBOR as of June 28, 2026 10:35 PM UTC . All data is obtained from various sources and has not been, and will not be, verified by broker or MIBOR. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Property Details of 522 Prospect Street

Property Details

Basic Information

Building

Location

Interior Features

Laundry

Community

Area

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Realty World Harbert Company