$700,000

55 W Fall Creek Parkway Dr S Indianapolis, IN 46208

Near Northside Neighborhood

Estimated payment $4,255/month

Total Views 12,537
8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Welcome to this outstanding multi-family property nestled in one of Indianapolis'most desirable neighborhoods. This gem features four thoughtfully designed units, each offering comfortable two-bedroom, one-bathroom layouts perfect for residents seeking convenience and quality living. Situated in a vibrant community, this property enjoys proximity to numerous local amenities that tenants will appreciate. The beautiful George E. Kessler Park is just steps away, offering green spaces for outdoor recreation and relaxation. When hunger strikes, the renowned Goose The Market is within walking distance, providing specialty foods and groceries for culinary enthusiasts. Commuting is a breeze with the Meridian Street and Fall Creek/Ivy Tech Station nearby, connecting residents to the greater Indianapolis area. Families will value the property's location within reach of Herron High School, known for its exceptional academic programs. Investors will recognize the tremendous potential this four-unit building presents in Indianapolis ' growing rental market. The consistent floor plans across all units streamline maintenance and management, while the strategic location ensures strong tenant demand year-round. Whether you want to expand your real estate portfolio or seek your first multi-family investment, this property offers the perfect balance of location, functionality, and growth potential. The solid brick construction and well-maintained grounds represent the property's enduring value. Don't miss this opportunity to own a piece of Indianapolis real estate with excellent income potential in a neighborhood that continues to flourish!

Listing Agent

Jamie Suchotzky

Red Hot, REALTORS LLC License #RB14045974 Listed on: 06/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,374

Year Built

  • Built in 1910

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Partial Basement
  • Fire and Smoke Detector
  • Laundry closet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 6,886 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • Rubens Wildwood Subdivision

Listing and Financial Details

  • The owner pays for lawncare, taxes
  • Tax Lot 11
  • Assessor Parcel Number 490625134006000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,374

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1910
  • Lot Size Acres: 0.16
  • Structure Type: Quadruplex
  • Subdivision Name: Rubens Wildwood
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 175000
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Partial
  • Levels: Two
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Owner Pays: Lawncare, Taxes

Exterior Features

  • Construction Materials: Brick
  • List Price: 700000
  • Road Access: Not Applic

Garage/Parking

  • Unit Parking: Parking Lot

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Laundry Closet
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 5863

Lot Info

  • Lot Features: Access
  • Lot Size Sq Ft: 6886
  • Parcel Number: 490625134006000101
  • Acres: <1/4 Acre
  • Price Acre: 4375000

Rental Info

  • Tenant Pays: All Utilities, Insurance

Multi Family

  • Gross Income: 40680
  • Insurance Expense: 3097
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5374
  • Tax Lot: 11
  • Semi Annual Property Tax Amt: 2687

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 For Sale $700,000 -- --
Source: MIBOR Broker Listing Cooperative®

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22042809

MIBOR Broker Listing Cooperative®