37 W Fall Creek Parkway South Drive, Indianapolis, IN 46208

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
37 W Fall Creek Parkway South Drive,Indianapolis, IN 46208
$725,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: alexander foley
Office: liz foley real estate, inc.
MLS#:22124579
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$725,000

About this home

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...

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Home facts

  • Year built:1913
  • Subdivision & Development:Rubens Wildwood
  • Listing ID #:22124579
  • Added:1 day(s) ago
  • Updated:September 19, 2026 at 06:41 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Egress Window(s), Finished, Finished Walls, Walk-Out Access

Structure and exterior

  • Year built:1913
  • Lot area:0.18 Acres
  • Foundation Description:Block

Finances and disclosures

  • Price:$725,000

Parking

  • Garage:Yes
  • Garage spaces:1
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