Prime Downtown Investment Opportunity! Welcome to this fully renovated 5-bedroom, 3.5-bath home ideally located in the heart of downtown Indianapolis-just minutes from Lucas Oil Stadium, Fountain Square, and all the best dining, shopping, and entertainment the city has to offer. Currently being utilized as a triplex, this property generates a strong monthly income of $3,300. All tenants are month-to-month, providing excellent flexibility for investors or future owner-occupants. Inside, you'll find updated finishes throughout, modern bathrooms, and a stylish kitchen with contemporary touches. The home also features a spacious basement offering endless opportunities-perfect for storage, expansion, or additional living space. Whether you're looking to expand your rental portfolio or secure a downtown home with income potential, this property is a rare find. Square footage is approximate and not actual.
Sold
Zestimate®
$375,000
29 E Palmer St, Indianapolis, IN 46225
5beds
2,520sqft
Residential, Single Family Residence
Built in 1890
7,405 Square Feet Lot
$375,000 Zestimate®
$149/sqft
$2,611 Estimated rent
Home value
$375,000
$356,000 - $394,000
$2,611/mo
Zestimate® history
Owner options
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$2,611/mo
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$2,611/mo
Rent Zestimate®
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$2,339/mo
Est. payment
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$2,339/mo
Est. payment
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List your homeWhat's special
Spacious basementModern bathroomsStylish kitchen
Zillow last checked:
Listing updated:
Listed by:
Gabriela Gonzalez 317-777-3404,
Highgarden Real Estate
Bought with:
Craig Bartels
The Indy Realty Shop
Source: MIBOR as distributed by MLS GRID,MLS#: 22070271
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15x11
Bedroom 2
- Level: Main
- Area: 104 Square Feet
- Dimensions: 13x8
Bedroom 3
- Level: Main
- Area: 135 Square Feet
- Dimensions: 15X9
Bedroom 4
- Level: Main
- Area: 128 Square Feet
- Dimensions: 16X8
Bedroom 5
- Level: Upper
- Area: 220 Square Feet
- Dimensions: 11X20
Foyer
- Features: Tile-Ceramic
- Level: Main
- Area: 55 Square Feet
- Dimensions: 11x5
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 135 Square Feet
- Dimensions: 15x9
Laundry
- Features: Tile-Ceramic
- Level: Main
- Area: 20 Square Feet
- Dimensions: 5x4
Living room
- Features: Tile-Ceramic
- Level: Main
- Area: 336 Square Feet
- Dimensions: 21x16
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Gas Oven, Refrigerator
Features
- Breakfast Bar
- Basement: Unfinished
Interior area
- Total structure area: 2,520
- Total interior livable area: 2,520 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Alley Access, Attached, Carport
- Garage spaces: 2
- Has carport: Yes
- Details: Garage Parking Other(Other)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 491113124003000101
- Special conditions: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Stone
- Foundation: Crawl Space, Partial
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: James Franks S Meridian Street Add
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $149/sqft
- Annual tax amount: $2,814
- Date on market: 11/7/2025
- Cumulative days on market: 181 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Sold | $375,000+1.6%$149/sqft |
Source:  MIBOR as distributed by MLS GRID #22070271 Report a problem | ||
| 5/6/2026 | Pending sale | $369,000$146/sqft |
Source: MIBOR as distributed by MLS GRID #22070271 Report a problem | ||
| 11/7/2025 | Listed for sale | $369,000+17.1%$146/sqft |
Source: MIBOR as distributed by MLS GRID #22070271 Report a problem | ||
| 12/14/2023 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21926673 Report a problem | ||
| 10/4/2023 | Price change | $315,000-7.1%$125/sqft |
Source: MIBOR as distributed by MLS GRID #21926673 Report a problem | ||
| 7/25/2023 | Price change | $339,000-4.2%$135/sqft |
Source: MIBOR as distributed by MLS GRID #21926673 Report a problem | ||
| 6/13/2023 | Listed for sale | $354,000+102.4%$140/sqft |
Source: MIBOR as distributed by MLS GRID #21926673 Report a problem | ||
| 4/15/2022 | Sold | $174,900-12.5%$69/sqft |
Source: MIBOR as distributed by MLS GRID #21844954 Report a problem | ||
| 4/6/2022 | Pending sale | $199,900$79/sqft |
Source: MIBOR as distributed by MLS GRID #21844954 Report a problem | ||
| 3/24/2022 | Listed for sale | $199,900$79/sqft |
Source: MIBOR as distributed by MLS GRID #21844954 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Near Southside
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Nearby schools
GreatSchools rating
- 3/10James A. Garfield School 31Grades: PK-5Distance: 0.3 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 4 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.4 mi
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Estimated market value
$375,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$375,000
- Indiana
- Marion County
- Indianapolis
- 46225
- Near Southside
- 29 E Palmer St
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