36 W 56th ST, Indianapolis, IN 46208
36 W 56th ST, Indianapolis, IN 46208
36 W 56th ST, Indianapolis, IN 46208
36 W 56th ST, Indianapolis, IN 46208
36 W 56th ST, Indianapolis, IN 46208
36 W 56th ST, Indianapolis, IN 46208
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Rick Daves

Rick Daves

+1(317) 614-5484
Listed by Jonathan Eriksen • CENTURY 21 Scheetz
$ 699,900
Est. payment | /mo

0.3 Acres Lot

Save
$ 699,900
Est. payment | /mo
Save

0.3 Acres Lot

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

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

Nearby Locations

Rick Daves

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(317) 614-5484

rick@bluprintrealestategroup.com

6357 W US Highway 52 New Palestine, IN 46143, New Palestine, IN 46163, USA

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36 W 56th ST