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About This Home
This 0-bedroom, 0-bathroom residential multi family at 36 W 56th Street in Indianapolis, IN is listed for $775,000. Built in 1940, on a 0.30 acres lot.
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...
Key Features
- Built in 1940
- 0.30 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$4,145/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
36 W 56th Street
Indianapolis, IN 46208
North Butler Terrace
Features & Amenities
Exterior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 36 W 56th Street is listed at $775,000. The estimated monthly payment is $3,358 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 0.30 acre lot, 2 stories. Exterior Features: Storage Shed.
This property is listed by Jonathan Eriksen and can be reached at (317) 844-5111 or jeriksen@c21scheetz.com.








