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Back 1327 Prospect St
Off Market

1327 Prospect St

Indianapolis IN 46203

7579 sq. ft.
Duplex
Last sold for $505,000
Matt AjdaharianMatt Ajdaharian, last sold this property on 02 May 2025 after 56 days on market.

Overview

Tremendous opportunity to purchase a multi-unit in one of Fountain Square's most desirable locations! This triplex is a rare find with incredible investment potential. A brand-new HVAC system was just installed in one of the units. Two of the three units have been renovated with updated HVAC, electrical, plumbing, kitchen, and bath. The third unit remains unrenovated and has had a long-term tenant. Property is zoned C-5 for high-density mixed use, allowing for future office or commercial space. The location of the property provides an excellent opportunity to combine with the vacant lot next door for a high-density mixed-use project in the heart of Fountain Square.

Features

7579 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 1327 Prospect St is $210k.

Median value
$210k
Estimated value range
$69.9k - $675k
Median days on market
23
Estimated value trend
17%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1327 Prospect St

2025
Sold
$505,000
02 May 2025 by Matt Ajdaharian, of Real Broker, LLC
2022
Sold
$444,000
11 Jul 2022 by Laura Waters, of Highgarden Real Estate
2016
Sold
$160,000
05 Aug 2016 by Donna Perry, of Re/Max Ability Plus

Happy sellers in Indianapolis

<50%
Less than 50% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 38 duplexes similar to 1327 Prospect St, have been sold.

This represents a 27% decrease in duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Indianapolis

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Damian Szostak

Damian Szostak is a recommended agent for Indianapolis.  They have collected 2 local reviews across the last 12 months.

  •   5   (9 reviews)
  •  2 Reviews in Indianapolis
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Reggie Jackson

Reggie Jackson is a recommended agent for Indianapolis.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   4.7   (7 reviews)
  •  2 Reviews in Indianapolis
  •  1 Sale in Indianapolis
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Zach Purdy

Sellers who recommend Zach Purdy have praised them for being clear communication, local expert, and responsive

  •   5   (38 reviews)
  •  1 Review in Indianapolis
  •  2 Sales in Indianapolis
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Kimberly Papp

Kimberly Papp is a recommended agent for Indianapolis.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (3 reviews)
  •  1 Review in Indianapolis
  •  2 Sales in Indianapolis
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