55 W 36th Indianapolis, IN $ 550,000
55 W 36th
$ 550,000
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55 W 36th

Indianapolis, IN, 46208
$ 550,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 3,799

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Multi-Family Home for sale in Indianapolis, IN

for $550,000. This home was built in 1911 on a lot size of 0.15.

Looking for a property that pays you now and grows with you? This corner-lot fourplex sits just minutes from Indianapolis's fast-growing downtown and is already bringing in $4,000 a month, with 3 of 4 units rented. Inside, two roomy 3-bed, 1-bath units each come with a den, and two cozy 1-bed, 1-bath units round things out. The fourth unit (3 Bed) is move-in ready, so you can live there and let your tenants help cover the mortgage, or lease it out and start cashing in right away. Outside, you'll find a big yard, a garage and a bus line right out front. Here's where it gets exciting. D8 zoning opens the door to potentially going up to six units. The bottom two units can be converted, the attic has two bedrooms already framed with electrical run, and two separate exterior doors make adding units a breeze. The garage already has electrical, too, so it could become a separate unit of its own. Whether you're just starting your investing career or you're a seasoned investor ready to keep it fully leased or explore short-term rentals in Downtown Indy, this one checks the boxes.. Come see it before someone else does!

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Multi-Family Active

Price

$ 550,000

Property Type

Multi-Family

Taxes

$ 5,226

Style

Lot Size

0.15

Year Built

1911

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22135272

Features
General
Possession Closing
Garage Spaces 1
Year Built 1911
Township Center
Property Subtype Quadruplex
Tax Year 2025
Current Use See Remarks
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Lazarus & Colemans Harvard
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 6490
Property Attached Y/N Y
Standard Status Active
Tax Lot 3
Legal Description Lazarus & Colemans Harvard Pl L3
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Exterior
Parking Features Detached
Lot Size Acres 0.15
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Interior
Basement (Y/N) Y
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* Excluded Features
List By
Plum Tree Realty

Broker

robert@indydreamhouse.com

Email

Affordability Calculator

$4,234
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,799
Monthly Property Taxes
$436
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
Pricing History
DatePricePrice ChangeDescription
11/13/2026$550,000 Listed Price

Map


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55 W 36th, Indianapolis, IN, 46208 is a Multi-Family Home for sale at $550,000 with a lot size of 0.15. 55 W 36th has 0.0 baths and was built in 1911. The property's zip code is 46208 which is in Indianapolis, IN