55 W Fall Creek Parkway Dr S Indianapolis, IN 46208
Near Northside NeighborhoodEstimated payment $4,126/month
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,374
Year Built
- Built in 1910
Home Design
- Quadruplex
- 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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2025 10/07/25 | For Sale | $700,000 | 0.0% | -- |
| 10/03/2025 10/03/25 | Off Market | $700,000 | -- | -- |
| 06/03/2025 06/03/25 | For Sale | $700,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22042809
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