Welcome to this outstanding multi-family property nestled in one of Indianapolis'most desirable neighborhoods. This gem features four thoughtfully designed units, each offering comfortable two-bedroom, one-bathroom layouts perfect for residents seeking convenience and quality living. Situated in a vibrant community, this property enjoys proximity to numerous local amenities that tenants will appreciate. The beautiful George E. Kessler Park is just steps away, offering green spaces for outdoor recreation and relaxation. When hunger strikes, the renowned Goose The Market is within walking distance, providing specialty foods and groceries for culinary enthusiasts. Commuting is a breeze with the Meridian Street and Fall Creek/Ivy Tech Station nearby, connecting residents to the greater Indianapolis area. Families will value the property's location within reach of Herron High School, known for its exceptional academic programs. Investors will recognize the tremendous potential this four-unit building presents in Indianapolis ' growing rental market. The consistent floor plans across all units streamline maintenance and management, while the strategic location ensures strong tenant demand year-round. Whether you want to expand your real estate portfolio or seek your first multi-family investment, this property offers the perfect balance of location, functionality, and growth potential. The solid brick construction and well-maintained grounds represent the property's enduring value. Don't miss this opportunity to own a piece of Indianapolis real estate with excellent income potential in a neighborhood that continues to flourish!
Active
$700,000
55 W Fall Creek Pkwy, Indianapolis, IN 46208
8beds
4baths
--sqft
Est.:
Multi Family, Quadruplex
Built in 1910
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Solid brick constructionComfortable two-bedroom one-bathroom layoutsThoughtfully designed unitsConsistent floor plansWell-maintained grounds
- 69 days
- on Zillow |
- 264 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: July 07, 2025 at 04:09pm
Listing Provided by:
Jamie Suchotzky 317-551-9589,
Red Hot, REALTORS LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22042809

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Laundry Closet
Features
- Basement: Partial
Property
Parking
- Details: Unit Parking(Parking Lot)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969.6 Square Feet
- Features: Access
Details
- Parcel number: 490625134006000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Materials
- Brick
Condition
- New construction: No
- Year built: 1910
Community & HOA
Community
- Security: Smoke Alarm
- Subdivision: Rubens Wildwood
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $176,000
- Annual tax amount: $5,374
- Date on market: 6/3/2025
- Tenant pays: All Utilities, Insurance
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