# 36 W 56th Street, Indianapolis, IN 46208

> **TL;DR:** residential multi family, $775,000, built 1940.
> A/C. Est. $3,358/mo. Listed 100 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $775,000 |
| Year Built | 1940 |
| Lot Size | 13,068 sqft (0.30 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 100 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,358 |
| **Total** | **$3,358** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1940
- 0.30 acre lot
- 2 stories

## Description

### Agent Description
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...

## Location

- **Address:** 36 W 56th Street, Indianapolis, IN 46208
- **County:** Marion
- **Neighborhood:** North Butler Terrace
- **Coordinates:** 39.854408, -86.15849
- **Google Maps:** https://www.google.com/maps?q=39.854408,-86.15849

## Listing Agent

- **Name:** Jonathan Eriksen
- **Brokerage:** CENTURY 21 Scheetz
- **Phone:** (317) 844-5111
- **Email:** jeriksen@c21scheetz.com

## Primary Photo

![36 W 56th Street - Primary Photo](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f2325172166r.jpg)

*54 total photos available on [listing page](https://www.propertysimple.com/listing/36-w-56th-street-indianapolis-in-46208-22089775)*

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**MLS#:** 22089775 | **Updated:** 2026-06-25
**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/36-w-56th-street-indianapolis-in-46208-22089775)

---

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