$725,000

59 W Fall Creek Parkway Dr S Indianapolis, IN 46208

Near Northside Neighborhood

Estimated payment $4,114/month

Total Views 14,319
8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

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!

Listing Agent

Jamie Suchotzky

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

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,546

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: 0.14
  • Structure Type: Quadruplex
  • Subdivision Name: Rubens Wildwood
  • Transaction Type: Sale
  • Conversion: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Partial
  • Levels: Two
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Gross Area Sq Ft: 6606

Exterior Features

  • Construction Materials: Brick
  • Road Access: Frontage Road

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Laundry Features: Connections All
  • Security Features: Smoke Detector(s)
  • Solid Waste: Yes

Lot Info

  • Lot Size Sq Ft: 6025
  • Parcel Number: 490626146001000101
  • Acres: <1/4 Acre

Multi Family

  • Insurance Expense: 3097

Tax Info

  • Tax Annual Amount: 3546
  • Tax Lot: 12
  • Semi Annual Property Tax Amt: 1773

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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®

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22042813

MIBOR Broker Listing Cooperative®