# 29 E Palmer Street, Indianapolis, IN 46225

> **TL;DR:** 5bd/4ba single family, $369,000 ($176/sqft), built 1890, 2,100 sqft.
> Basement. Est. $1,599/mo. Listed 156 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $369,000 |
| Price/sqft | $176 |
| Bedrooms | 5 |
| Bathrooms | 3 full, 1 half |
| Square Feet | 2,100 |
| Year Built | 1890 |
| Lot Size | 7,405 sqft (0.17 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 156 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,599 |
| **Total** | **$1,599** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1890
- 0.17 acre lot

## Description

### Agent Description
Prime Downtown Investment Opportunity!  Welcome to this fully renovated 5-bedroom, 3.5-bath home ideally located in the heart of downtown Indianapolis-just minutes from Lucas Oil Stadium, Fountain Square, and all the best dining, shopping, and entertainment the city has to offer.  Currently being utilized as a triplex, this property generates a strong monthly income of $3,300. All tenants are month-to-month, providing excellent flexibility for investors or future owner-occupants. Inside, you'll find updated finishes throughout, modern bathrooms, and a stylish kitchen with contemporary touches. The home also features a spacious basement offering endless opportunities-perfect for storage, expansion, or additional living space.    Whether you're looking to expand your rental portfolio or secure a downtown home with income potential, this property is a rare find. Square footage is approximate and not actual.

## Location

- **Address:** 29 E Palmer Street, Indianapolis, IN 46225
- **County:** Marion
- **Neighborhood:** James Franks S Meridian Street Add
- **Coordinates:** 39.745844, -86.157753
- **Google Maps:** https://www.google.com/maps?q=39.745844,-86.157753

## Listing Agent

- **Name:** Gabriela Gonzalez
- **Brokerage:** Highgarden Real Estate
- **Phone:** 3177773404
- **Email:** ggonzalez@highgarden.com

## Primary Photo

![29 E Palmer Street - Primary Photo](http://lh.rdcpix.com/a6371509aaea15532e0ea2fd995caa8cl-f591506621r.jpg)

*61 total photos available on [listing page](https://www.propertysimple.com/listing/29-e-palmer-street-indianapolis-in-46225-22070271)*

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**MLS#:** 22070271 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/29-e-palmer-street-indianapolis-in-46225-22070271)

---

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