36 W 56th Street
Indianapolis, IN 46208
0
Bed
0
Bath
0.30Acre(Lot)
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 encas
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Has Basement: YesInterior Features
Roof: Asphalt, Shingle Laundry Features: In BasementRoofing Information
Asphalt, Shingle -
Flooring Information
Construction Materials: Brick -
Heating & Cooling
Heating: Forced Air, Natural Gas Cooling: Central Air
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Building Information
Year Built: 1940 -
Exterior Features
Storage Shed Construction Materials: Brick Foundation Details: Block
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Lot Information
Lot Description: Sidewalks, Storm Sewer, Suburb, Mature Trees, Trees-Small (Under 20 Ft) Lot Square Feet: 13155 Lot Acres: 0.3Property Information
Property Type: Residential Income Sub Type: Duplex Style: Tudor Structure Type: Duplex
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Listing Price Information
Original List Price:$799900
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Tax Information
Tax Lot: 49-06-01-220-001.000-801 Tax Legal Description: 73Ft Sl 180Ft Wl Beg 250Ft E & 25Ft N Of Swcor Sw1/4 S1 T16 R3 .0302Ac Tax Year: 2024 Parcel Number: 490601220001000801 Tax Exemption: None
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Parking Information
DetachedGarage Information
Garage Space: 2
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Location Information
Subdivision: North Butler Terrace City: Indianapolis Direction: GPS Friendly
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3626 Salem Street, Indianapolis, IN, 46208 | $280,000 | -- | -- | -- | |
| 2407 N Capitol Avenue, Indianapolis, IN, 46208 | $659,999 | -- | -- | -- | |
| 3960 N Illinois Street, Indianapolis, IN, 46208 | $399,999 | -- | -- | -- | |
| 3502 - 3504 N Kenwood A.., Indianapolis, IN, 46208 | $215,000 | -- | -- | -- | |
| 3702 N Kenwood Avenue, Indianapolis, IN, 46208 | $175,000 | -- | -- | -- | |
| 3617 N Capitol Avenue, Indianapolis, IN, 46208 | $375,000 | -- | -- | -- | |
| 3701 N Capitol Avenue, Indianapolis, IN, 46208 | $179,900 | -- | -- | -- | |
| 3178 N Capitol Avenue, Indianapolis, IN, 46208 | $475,000 | -- | -- | -- | |
| 3021 Boulevard Place, Indianapolis, IN, 46208 | $130,000 | -- | -- | -- | |
| 4113 Graceland Avenue, Indianapolis, IN, 46208 | $363,750 | -- | -- | -- |
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ByOwner last updated this listing 06/22/2026 @ 06:20
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