36 W 56th Street, Indianapolis, IN 46208

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
36 W 56th Street,Indianapolis, IN 46208
$725,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jonathan eriksen
Office: century 21 scheetz
MLS#:22089775
Source:IN_MIBOR

Price summary

  • Price:$725,000

About this home

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...

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Home facts

  • Year built:1940
  • Subdivision & Development:North Butler Terrace
  • Listing ID #:22089775
  • Added:139 day(s) ago
  • Updated:August 12, 2026 at 10:28 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Full

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1940
  • Lot area:0.3 Acres
  • Lot Features:Mature Trees, Sidewalks, Storm Sewer
  • Construction Materials:Brick
  • Exterior Features:Storage Shed
  • Foundation Description:Block

Utilities

  • Water:Water
  • Sewer:Sewer

Finances and disclosures

  • Price:$725,000

Parking

  • Garage:Yes
  • Garage spaces:2
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