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Listed by Jonathan Eriksen • CENTURY 21 Scheetz
$ 725,000
Est. payment /mo
Active
36 W 56th ST Indianapolis, IN 46208
0.3 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision North Butler Terrace
MLS Listing ID 22089775
Year Built 1940
Tax Year 2024
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Duplex
Property 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
State IN
County Marion
Rooms
Basement Full, Partially Finished
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace N
Exterior
Exterior Feature Storage Shed
Garage Spaces 2.0
View Y/N false
Roof Type Asphalt,Shingle
Building
Story Two
Foundation Block
Architectural Style Tudor
Structure Type Brick
New Construction false
Schools
School District Indianapolis Public Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
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