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539 E 53rd Street Indianapolis, IN $ 675,000
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$ 675,000 Get more info
539 E 53rd Street
$ 675,000
Back to search
Share Save

539 E 53rd Street

Indianapolis, IN, 46220
$ 675,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 4,662

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Multi-Family Home for sale in Indianapolis, IN

for $675,000. This home was built in 1924 on a lot size of 0.2.

539 E 53rd , INDIANAPOLIS, IN 46220 TURN-KEY INCOME-PRODUCING DUPLEX | $675,000 | ESTABLISHED RENTAL HISTORY LOCATION! LOCATION! LOCATION! Rare opportunity to acquire a high-end duplex with 26 years of rental history in a highly desirable Indianapolis location. This exceptional property offers approximately 4040 finished square feet on a 8590 sq ft corner lot, with two spacious residential units, surrounded by Million dollar homes .Enjoy a quiet residential setting with convenient access to Broad Ripple and Downtown Indianapolis. The property is walkable to Broad Ripple/Monon Trail and approximately 15 minutes from Downtown Indianapolis, offering easy access to restaurants, shopping, entertainment, parks, major employment centers, and city amenities. The property has been continuously rented for 26 years, offering an investor the opportunity to purchase an established income-producing asset with a proven rental track record. The current owners are retiring and selling multiple properties. 1 side features 5 bedrooms and 2.5 bathrooms, other side 4 Bedrooms and 2 bathrooms. with hardwood floors throughout and finished basements. Each unit a has wood burning fireplace, with surrounding built in bookcases. Each side has a large screened front porch. Each basement includes a bedroom with an egress window, a full bathroom, bonus room providing valuable additional living space. Both sides of the duplex have fenced in yards. Both sides have central air conditioning. Gas furnace/hot water heater. The property is offered turn-key, including all stainless steel kitchen appliances, 2 sets of washers/dryers. Annual Rent: $62,400.00 53rd side is $2500.00/mo ( + $30.00 for pet ) 5268 park side is $2700.00/mo ANNUAL Property Taxes: $6746.00 Annual Insurance: $1582.00. Seller financing is not available.

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Multi-Family Active

Price

$ 675,000

Property Type

Multi-Family

Taxes

$ 13,492

Style

Craftsman

Lot Size

0.2

Year Built

1924

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22122959
Features
General
Heating Forced Air Natural Gas
Cooling Central Air
Possession Closing
Roof Shingle
Zoning Residential
Architectural Style Craftsman
Construction Materials Brick Wood Siding
Year Built 1924
Township Washington
Levels Two
Property Subtype Duplex
Tax Year 2025
Current Use Apt<20
County Marion
Insurance Expense 1582
New Construction N
Property Type Residential Income
Subdivision Name Mengs Park Ave
Facing Direction North
Status Active
Directions GPS Friendly
High School Shortridge High School
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 8581
Property Attached Y/N Y
Current Financing Conventional FHA
Property Condition Updated/Remodeled
Structure Type Duplex
Standard Status Active
Tax Lot 1
Legal Description Mengs Park Ave Sub L1
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Interior
Basement Egress Window(s) Finished
Basement (Y/N) Y
Laundry Features In Basement
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Exterior
Fencing Partial
Lot Features Access City Lot Corner Lot Curbs Sidewalks Mature Trees
Lot Size Acres 0.2
Road Surface Type Concrete
Waterfront Y/N N
Road Frontage Type City Street
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* Excluded Features
List By
Liberty Real Estate, Llc.

Broker

lmeulbroek@libertyrealestate.biz

Email

Affordability Calculator

$5,786
Per Month
81%
19%
0%
Monthly Principal & Interest
$4,662
Monthly Property Taxes
$1,124
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Shortridge High School High School
See complete school information
Pricing History
Date Price Price Change Description
8/28/2026 $675,000 Listed Price

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539 E 53rd Street, Indianapolis, IN, 46220 is a Multi-Family Home for sale at $675,000 with a lot size of 0.2. 539 E 53rd Street has 0.0 baths and was built in 1924. The property's zip code is 46220 which is in Indianapolis, IN

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