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539 E 53rd Street

Indianapolis, IN 46220
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Bed 0

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Acres0.20

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539 E 53rd , INDIANAPOLIS, IN 46220 TURN-KEY INCOME-PRODUCING DUPLEX | $675,000 | ESTABLISHED RENTAL HISTORY LOCATION! LOCATION! LOCATION! Rare opportunity to acquire a high-end duplex with 26 years of rental history in a highly desirable Indianapolis location. This exceptional property offers approximately 4040 finished square feet on a 8590 sq ft corner lot, with two spacious residential units, surrounded by Million dollar homes .Enjoy a quiet residential setting with convenient access to Broad Ripple and Downtown Indianapolis. The property is walkable to Broad Ripple/Monon Trail and approximately 15 minutes from Downtown Indianapolis, offering easy access to restaurants, shopping, entertainment, parks, major employment centers, and city amenities. The property has been continuously rented for 26 years, offering an investor the opportunity to purchase an established income-producing asset with a proven rental track record. The current owners are retiring and selling multiple properties. 1 side features 5 bedrooms and 2.5 bathrooms, other side 4 Bedrooms and 2 bathrooms. with hardwood floors throughout and finished basements. Each unit a has wood burning fireplace, with surrounding built in bookcases. Each side has a large screened front porch. Each basement includes a bedroom with an egress window, a full bathroom, bonus room providing valuable additional living space. Both sides of the duplex have fenced in yards. Both sides have central air conditioning. Gas furnace/hot water heater. The property is offered turn-key, including all stainless steel kitchen appliances, 2 sets of washers/dryers Annual Rent: $62,400.00 53rd side is $2500.00/mo ( + $30.00 for pet ) 5268 park side is $2700.00/mo ANNUAL Property Taxes: $6746.00 Annual Insurance: $1582.00. Seller financing is not available

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Detail Ic Property Details

Property Type : Residential Income

Price : $675,000

AD Id : 90848739

MLS Id : MBR22122959

Lot Size : 0.20 Acre

Tax Amount : 0.00

Year Built : 1924

County : Marion

Subdivision: Mengs Park Ave

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Feature Features

  • Room Information

    Has Basement: Yes

    Interior Features

    Roof: Shingle Laundry Features: In Basement

    Roofing Information

    Shingle
  • Flooring Information

    Construction Materials: Brick, Wood Siding
  • Heating & Cooling

    Heating: Forced Air, Natural Gas Cooling: Central Air

  • Building Information

    Year Built: 1924

  • Lot Information

    Lot Description: Access, City Lot, Corner Lot, Curbs, Sidewalks, Mature Trees Lot Square Feet: 8581 Lot Acres: 0.2

    Property Information

    Property Type: Residential Income Sub Type: Duplex Style: Craftsman Structure Type: Duplex

  • Listing Price Information

    Original List Price:$675000

  • Tax Information

    Tax Block: 1 Tax Lot: 1 Tax Legal Description: Mengs Park Ave Sub L1 Tax Year: 2025 Parcel Number: 490612108002000801 Tax Exemption: None

  • School Information

    Senior High School: Shortridge High School
  • Location Information

    Subdivision: Mengs Park Ave City: Indianapolis Direction: GPS Friendly
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
6368 N Park Avenue, Indianapolis, IN, 46220 $285,900 -- -- -- 0.18 Acre
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ByOwner last updated this listing 09/02/2026 @ 18:20

MLS: MIBOR #22122959 LISTED BY: Lisa Meulbroek, Liberty Real Estate, LLC. 866-973-6660 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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