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37 W Fall Creek Parkway South Drive Indianapolis, IN $ 725,000
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$ 725,000 Get more info
37 W Fall Creek Parkway South Drive
$ 725,000
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Share Save

37 W Fall Creek Parkway South Drive

Indianapolis, IN, 46208
$ 725,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 5,007

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Multi-Family Home for sale in Indianapolis, IN

for $725,000. This home was built in 1913 on a lot size of 0.18.

Rare investment opportunity in the Near Northside/Fall Creek Place corridor: a 1913 Craftsman fourplex with four legal units and 10 bedrooms across approximately 6,400 SF, already operating as a hybrid short-term rental and long-term primary residence with a potential cap rate approaching 9-10%. The main floor and full basement (7 bedrooms) run as an established, Superhost-rated Airbnb with a proven booking history - seller is offering a 3-6 month co-hosting transition so a buyer inherits the reviews and ranking rather than starting from zero. The upper floor is a spacious 3BD/2BA suite currently owner occupied. Original inlaid hardwood floors, tiled fireplaces, and custom millwork throughout, plus an original tile roof with a matching surplus of spare tiles included. Recent updates: full exterior repaint, all ~75 original windows and storm windows repaired, 2024 condenser replacement, HVAC service plans maintained on both systems, newer water heater/softener. Electric separately metered per unit. Off-street parking on two street frontages plus a one-car garage. Sold furnished, with the active short-term rental operation available to convey for a true turnkey opportunity. Buyer may also have the option to assume the seller's existing financing balance of 375k at 3% - a rate well below today's market - ask listing agent for details. Occupied; please do not disturb. Showings by appointment only.

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Multi-Family Active

Price

$ 725,000

Property Type

Multi-Family

Taxes

$ 5,504

Style

Lot Size

0.18

Year Built

1913

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22124579
Features
General
Possession Closing Negotiable Other
Garage Spaces 1
Year Built 1913
Township Center
Levels Three Or More
Property Subtype Quadruplex
Tax Year 2025
Current Use Apt<20 See Remarks
Waterfront Features Water View
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Rubens Wildwood
Facing Direction North
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 4
MLS Area 4910 - Marion - Center
Lot Size Square Feet 7821
Current Financing Exchange - 1031 Assumable Conventional FHA VA
Standard Status Active
Tax Lot 490625134016000101
Legal Description Rubens Wildwood L7
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Interior
Basement Apartment Daylight Egress Window(s) Exterior Entry Finished Finished Walls Interior Entry Walk-Out Access
Basement (Y/N) Y
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Exterior
Parking Features Alley Access Attached Concrete
Foundation Details Block See Remarks
Lot Size Acres 0.18
Waterfront Y/N Y
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* Excluded Features
List By
Liz Foley Real Estate, Inc.

Broker

xanderfoley27@gmail.com

Email

Affordability Calculator

$5,466
Per Month
92%
8%
0%
Monthly Principal & Interest
$5,007
Monthly Property Taxes
$459
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
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
9/19/2026 $725,000 Listed Price

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37 W Fall Creek Parkway South Drive, Indianapolis, IN, 46208 is a Multi-Family Home for sale at $725,000 with a lot size of 0.18. 37 W Fall Creek Parkway South Drive has 0.0 baths and was built in 1913. The property's zip code is 46208 which is in Indianapolis, IN

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