59 W Fall Creek Parkway Dr S Indianapolis, IN 46208
Near Northside NeighborhoodEstimated payment $4,114/month
About This Home
Nestled along the scenic Fall Creek Parkway, this exceptional multi-family property presents a rare opportunity for investors seeking quality rental units in one of Indianapolis's most desirable neighborhoods. This charming property features four well-maintained units, each offering comfortable 2-bedroom, 1-bathroom layouts that appeal to a wide range of potential tenants. Say goodbye to tenant parking woes! This property comes complete with its own dedicated parking lot-a feature that stands out in urban settings and adds significant appeal to prospective renters. The location couldn't be more perfect, with George E. Kessler Park just steps away for outdoor recreation and relaxation. Residents will appreciate the convenience of the nearby Meridian St & Fall Creek/Ivy Tech Station for easy commuting, while Goose The Market provides local grocery shopping within walking distance. Families will value the proximity to the esteemed Herron High School, adding educational value to this investment property's many attributes. Each unit offers practical living spaces with room for personalization, allowing you to create distinctive rental offerings or maintain a consistent appeal across all units. The solid brick exterior speaks to the building's durability and timeless charm, while providing excellent curb appeal. Whether expanding your investment portfolio or entering the multi-family market for the first time, this property offers stable income potential in a neighborhood that continues to grow in popularity and value. Don't miss the opportunity to add this promising multi-family gem to your real estate holdings!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,546
Year Built
- Built in 1910
Lot Details
- 6,025 Sq Ft Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Partial Basement
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Community Details
- Rubens Wildwood Subdivision
Listing and Financial Details
- Tax Lot 12
- Assessor Parcel Number 490626146001000101
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 | $725,000 | 0.0% | -- |
| 10/03/2025 10/03/25 | Off Market | $725,000 | -- | -- |
| 06/03/2025 06/03/25 | For Sale | $725,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22042813
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