642 E 54th Street, Indianapolis, IN 46220
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
Listed by: daniel hubbard, alex montagano
Office: exp realty llc.
MLS#:22105879
Source:IN_MIBOR | Licensed in Indiana
Price summary
- Price:$425,000
About this home
An outstanding investment opportunity in a highly sought-after location, featuring one tenant already in place for instant income and a vacant unit ready for an owner-occupant or a new tenant. Located just off College Avenue and 54th Street in the heart of Midtown Indianapolis, this classic duplex presents a rare opportunity for house hackers, investors, and owner-occupants alike. The property combines historic character, modern updates, and exceptional walkability to some of the city's most popular restaurants, coffee shops, parks, and entertainment destinations. The 642 side has been extensively updated and features a newer HVAC system and water heater for added peace of mind. The 644 side is vacant and move-in ready, showcasing beautiful original hardwood floors and timeless charm, making it ideal for an owner-occupant or new tenant. Additional improvements include a new roof installed in December 2024, separate entrances with double covered front porches, and private rear parking for both units. Whether you're looking to offset your housing costs through house hacking, expand your investment portfolio, or capitalize on the area's strong demand for long-term and short-term rentals, this property offers flexibility and income potential in a location that's difficult to replicate. Just minutes from Downtown Indianapolis, Broad Ripple, and major northside destinations, opportunities like this don't come around often. Own where you live, reduce your monthly housing expense, and start building wealth through real estate....
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Home facts
- Year built:1920
- Subdivision & Development:Samuel Clarks
- Listing ID #:22105879
- Added:105 day(s) ago
- Updated:September 19, 2026 at 07:51 AM
Rooms and interior
- Basement:Yes
- Basement Description:Basement, Unfinished
Heating and cooling
- Cooling:Central Electric
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1920
- Lot area:0.1 Acres
- Foundation Description:Block
Finances and disclosures
- Price:$425,000
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