642 E 54th St Indianapolis, IN 46220
Meridian Kessler NeighborhoodEstimated payment $3,118/month
About This Home
Investment opportunity, owner-occupant dream, or short-term rental potential in one of Indianapolis' most sought-after locations! Situated just off College Avenue and 54th Street, this classic duplex offers the perfect blend of updated amenities, historic charm, and unbeatable convenience. The 642 side has been fully updated and features a newer HVAC system and water heater providing peace of mind for years to come. Currently leased at $1,725 per month through January, it offers immediate income for investors. The 644 side is vacant and move-in ready, showcasing timeless character with beautiful original hardwood floors and endless possibilities for an owner-occupant or new tenant. Enjoy double covered front porches with separate entrances for each unit, creating privacy and curb appeal, along with private rear parking for added convenience. The roof was replaced in December of 2024 and whether you're looking to house hack, expand your rental portfolio, or live in one unit while generating income from the other, this property checks all the boxes. Located in the heart of Midtown Indianapolis, you're just minutes from Downtown, Broad Ripple, and major northside destinations. Walk to popular restaurants, coffee shops, parks, and neighborhood favorites while enjoying easy access to everything the city has to offer. For investors seeking flexibility, the area's prime location and strong demand make it an attractive option for short-term rentals as well. Opportunities like this in such a desirable location don't come around often!
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 |
|---|---|---|---|---|
| 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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Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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