$700,000

55 W Fall Creek Parkway South Drive, Indianapolis, IN 46208

Multi-Family Home
Built in 1910
6,970sqft lot
—— car garage
$——/sqft
Listed 5 months ago

Property Description

Welcome to this outstanding multi-family property nestled in one of Indianapolis'most desirable neighborhoods. This gem features four thoughtfully designed units, each offering comfortable two-bedroom, one-bathroom layouts perfect for residents seeking convenience and quality living. Situated in a vibrant community, this property enjoys proximity to numerous local amenities that tenants will appreciate. The beautiful George E. Kessler Park is just steps away, offering green spaces for outdoor recreation and relaxation. When hunger strikes, the renowned Goose The Market is within walking distance, providing specialty foods and groceries for culinary enthusiasts. Commuting is a breeze with the Meridian Street and Fall Creek/Ivy Tech Station nearby, connecting residents to the greater Indianapolis area. Families will value the property's location within reach of Herron High School, known for its exceptional academic programs. Investors will recognize the tremendous potential this four-unit building presents in Indianapolis ' growing rental market. The consistent floor plans across all units streamline maintenance and management, while the strategic location ensures strong tenant demand year-round. Whether you want to expand your real estate portfolio or seek your first multi-family investment, this property offers the perfect balance of location, functionality, and growth potential. The solid brick construction and well-maintained grounds represent the property's enduring value. Don't miss this opportunity to own a piece of Indianapolis real estate with excellent income potential in a neighborhood that continues to flourish!

Listing Status:: Active
Listing Office:: Red Hot, REALTORS LLC : 317-551-9589
Listing Agent:: Jamie Suchotzky : 317-551-9589
MLS ID:: 22042809

Laundry: Laundry Closet
Basement: Partial
A/C: Central Air
Heating: Forced Air

General: Two

Originating MLS: mibor
School District: Indianapolis Public Schools
County: Marion

Zoning: Rubens Wildwood L11490625134006000101

Source: mibor

This listing courtesy of Jamie Suchotzky, Red Hot, REALTORS LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

George Washington Carver Montessori School 87

2411 Indpls Ave, Indianapolis, IN, 46208

Grades PK-8

0.48 miles away

George Washington Carver Montessori School 87

2411 Indpls Ave, Indianapolis, IN, 46208

Grades PK-8

0.48 miles away

Shortridge High School

3401 N Meridian St, Indianapolis, IN, 46208

Grades 9-12

1.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.