36 W 56th Street, Indianapolis, IN 46208
- $775,000
- List Price
- $775,000
- Price Change
- ▼ $24,900 1777578041
- MLS#
- 22089775
- Days on Market
- 131
- Status
- ACTIVE
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...
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Additional Information
- Expenses
- 2660
- Tenant Pays
- All Utilities, Insurance
- Owner Pays
- Lawncare, Other
- Basement
- Full, Partially Finished
- Foundation
- Block
- Stories
- Two
- Architecture
- Tudor
- Exterior Amenities
- Storage Shed
- Acres
- 0.30
- Heat
- Forced Air, Natural Gas
- Cooling
- Central Air
- Financing
- Conventional
- Region
- Washington
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Listing courtesy of CENTURY 21 Scheetz.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative