$725,000
Price decreased by $50,000 on Jul 28, 2026

Marion County

  • 13,068 Sqft lot
  • Updated: July 28
  • 2
    Views for last 30 days
  • MLS#22089775

About the Property

Live for Less + Earn from Day 1... Absolutely enchanting opportunity - whether a house-hacker, pure investor, multi-generational household, or a portfolio buyer - this dreamy, English-Tudor duplex is a proven, steady, income-producing asset w/a 4.14% cap rate + $32,100 annual NOI (positioned below market rates + logically to increase at next lease renewal). An 11-year track record of 100% occupanc
Live for Less + Earn from Day 1... Absolutely enchanting opportunity - whether a house-hacker, pure investor, multi-generational household, or a portfolio buyer - this dreamy, English-Tudor duplex is a proven, steady, income-producing asset w/a 4.14% cap rate + $32,100 annual NOI (positioned below market rates + logically to increase at next lease renewal). An 11-year track record of 100% occupancy w/happy, long-term tenants + no work required, this is truly a ”unicorn” property. Set on leafy 0.30acre parcel mere steps from every favorite haunt in the Butler-Tarkington retail district, including: Illinois Street Food Emporium, Tinker Coffee, Kincaid’s Market, Byrne’s Pizza, Starbucks, Safeway, Graeter’s + so many other hot spots! Nestled deep on the lot, this handsome brick facade encases two mirror-image units loaded w/character. Both foyers feature wrought iron rails + hardwood floors that flow into the living + dining rooms. Both units feature their classic original fireplaces in both the living rooms + their respective lower level rec rooms! Both dining rooms open to private screen porches overlooking the rear yard. Both upper levels feature two spacious bedrooms + classic original bathrooms w/original tilework + fixtures. Lower level rec rooms open to unfinished utility rooms w/lavatories + laundry areas. The property features a detached two car garage (one per unit). Stability + income + opportunity all wrapped in picture-perfect packaging...
  • Property type

    Apartment

  • Year built

    1940

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36 W 56th Street, Indianapolis, IN 46208, United States View on Google Maps
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Jonathan Eriksen

Joined 11 years ago
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Jonathan Eriksen
Indiana, United States
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2025
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CENTURY 21 Scheetz
CENTURY 21 Scheetz
270 East Carmel Drive, 46032, Carmel, Indiana, United States
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Century 21 Scheetz holds the key to success! With nine offices and over 400
agents servicing the entire Metropo
Century 21 Scheetz holds the key to success! With nine offices and over 400
agents servicing the entire Metropolitan Indianapolis area and Bloomington, IN
CENTURY 21 Scheetz can service all of your Real Estate needs. Our offices are
located in Carmel, Indianapolis, Zionsville, Greenwood, Downtown, Avon,
Bloomington, Fishers and Columbus. Since 1976 CENTURY 21 Scheetz has been
committed to providing outrageously positive service, delivered with enthusiasm,
and integrity, today and always. Whether moving around the world or simply
across town, Century 21 Scheetz is your best choice for Real Estate service. We
understand that you have many choices out there, that is exactly why we strive
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earned the Quality Service award due to our outstanding devotion to excellent
customer service. We offer Mortgage and Title services - an on site Home
Financing Specialist is always available to answer your questions regarding
mortgage programs and financing alternatives.  Our services include, but are not
limited to Residential, Commericial, Investment, Land transactions as well as a
full service Relocation Department. Our Relocation Department has expertise in
assisting corporate transferees in buying and selling their homes. Call us at
[hidden information] or email us today at [hidden information], or visit our home
page at [hidden information]
Last updated
July 28
First listed
Mar 26
Listing reference
CA47B808-CDFB-4B30-8417-0931E566A8D2
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