642 E 54th St Indianapolis, IN 46220
Meridian Kessler NeighborhoodEstimated payment $2,771/month
About This Home
An outstanding investment opportunity in a highly sought-after location, featuring one tenant already in place for instant income and a vacant unit ready for an owner-occupant or a new tenant. Located just off College Avenue and 54th Street in the heart of Midtown Indianapolis, this classic duplex presents a rare opportunity for house hackers, investors, and owner-occupants alike. The property combines historic character, modern updates, and exceptional walkability to some of the city's most popular restaurants, coffee shops, parks, and entertainment destinations. The 642 side has been extensively updated and features a newer HVAC system and water heater for added peace of mind. The 644 side is vacant and move-in ready, showcasing beautiful original hardwood floors and timeless charm, making it ideal for an owner-occupant or new tenant. Additional improvements include a new roof installed in December 2024, separate entrances with double covered front porches, and private rear parking for both units. Whether you're looking to offset your housing costs through house hacking, expand your investment portfolio, or capitalize on the area's strong demand for long-term and short-term rentals, this property offers flexibility and income potential in a location that's difficult to replicate. Just minutes from Downtown Indianapolis, Broad Ripple, and major northside destinations, opportunities like this don't come around often. Own where you live, reduce your monthly housing expense, and start building wealth through real estate.
Listing Agent
eXp Realty LLC Brokerage Email: dhubbard@locksteprealty.com License #RB23001705 Listed on: 06/05/2026
Co-Listing Agent
eXp Realty LLC Brokerage Email: dhubbard@locksteprealty.com License #RB14051484
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,974
Year Built
- Built in 1920
Parking
- Assigned Parking
Home Design
- Duplex
- Block Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Bathrooms
Additional Features
- 4,400 Sq Ft Lot
- Forced Air Heating and Cooling System
- Unfinished Basement
Community Details
- Samuel Clarks Subdivision
Listing and Financial Details
- Tax Lot 481
- Assessor Parcel Number 490612225018000801
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,160 | $213,400 | $53,800 | $159,600 |
| 2024 | $5,092 | $209,600 | $53,800 | $155,800 |
| 2023 | $5,092 | $209,600 | $53,800 | $155,800 |
| 2022 | $3,846 | $163,300 | $45,700 | $117,600 |
| 2021 | $3,519 | $147,500 | $29,900 | $117,600 |
| 2020 | $3,271 | $136,300 | $29,900 | $106,400 |
| 2019 | $3,387 | $138,700 | $29,900 | $108,800 |
| 2018 | $3,301 | $284,300 | $29,900 | $254,400 |
| 2017 | $5,559 | $256,700 | $29,900 | $226,800 |
| 2016 | $5,466 | $257,900 | $29,900 | $228,000 |
| 2014 | $5,260 | $243,300 | $29,900 | $213,400 |
| 2013 | $4,505 | $216,700 | $29,900 | $186,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/29/2026 08/29/26 | Pending | -- | -- | -- |
| 08/13/2026 08/13/26 | Price Changed | $425,000 | -5.6% | -- |
| 07/28/2026 07/28/26 | Price Changed | $450,000 | -5.3% | -- |
| 06/23/2026 06/23/26 | Price Changed | $475,000 | -4.8% | -- |
| 06/05/2026 06/05/26 | For Sale | $499,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22105879
APN: 49-06-12-225-018.000-801
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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