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  • Price cut: $24.9K (4/30)
    $775,000

    36 W 56th St, Indianapolis, IN 46208

    4beds
    4baths
    --sqft
    : 
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    Multi Family, Duplex
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Handsome brick facadeWrought iron railsHardwood floors
    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 encases two mirror-image units loaded w/character. Both foyers feature wrought iron rails + hardwood floors that flow into the living + dining rooms. Both units feature their classic original fireplaces in both the living rooms + their respective lower level rec rooms! Both dining rooms open to private screen porches overlooking the rear yard. Both upper levels feature two spacious bedrooms + classic original bathrooms w/original tilework + fixtures. Lower level rec rooms open to unfinished utility rooms w/lavatories + laundry areas. The property features a detached two car garage (one per unit). Stability + income + opportunity all wrapped in picture-perfect packaging...
    104 days
    |
    1,336
    |
    56
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jonathan Eriksen 317-590-1869,

    CENTURY 21 Scheetz

    Source: MIBOR as distributed by MLS GRID,MLS#: 22089775MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Laundry: In Basement
      Features
      • Basement: Full,Partially Finished

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached
      • Garage spaces: 2
      • Details: Unit Parking(1 Car Garage, Paved Area)
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 0.3 Acres
      • Features: Sidewalks, Storm Sewer, Suburb, Mature Trees, Trees-Small (Under 20 Ft)
      Details
      • Additional structures: Storage
      • Parcel number: 490601220001000801
      • Special conditions: Broker Owned

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Tudor
      • Property subtype: Multi Family, Duplex
      • Attached to another structure: Yes
      Materials
      • Brick
      • Foundation: Block
      • Roof: Asphalt,Shingle
      Condition
      • New construction: No
      • Year built: 1940

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: North Butler Terrace
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $346,600
      • Annual tax amount: $4,878
      • Date on market: 3/26/2026
      • Cumulative days on market: 106 days
      • Tenant pays: All Utilities, Insurance
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/30/2026Price change$775,000-3.1%
        Source: MIBOR as distributed by MLS GRID #22089775 Report a problem
        3/26/2026Listed for sale$799,900+251.6%
        Source: MIBOR as distributed by MLS GRID #22089775 Report a problem
        3/29/2019Sold$227,500+3.4%
        Source: Agent Provided Report a problem
        7/1/2016Sold$220,000
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,877 +0.3%$346,600 +16.2%
        2024$4,864 -0.2%$298,400
        2023$4,874 +22.1%$298,400
        2022$3,992 -31.8%$298,400 +18%
        2021$5,857 -1.9%$252,900
        2020$5,971 +1.2%$252,900
        2019$5,902 +16.9%$252,900 +2.1%
        2018$5,048 -1.8%$247,700 +5.5%
        2017$5,142 -1.7%$234,700 -2.3%
        2016$5,230 +4.9%$240,200 -13.1%
        2014$4,983 -29.3%$276,400
        2013$7,047 $276,400 -11.8%
        2012$7,047 $313,400 +16.9%
        2011-- $268,100
        2010$3,880 -51.3%$268,100 -28.1%
        2009$7,962 $372,900 +6.2%
        2007-- $351,000 +38.3%
        2005-- $253,800
        2004-- $253,800 -3.2%
        2003-- $262,200 +231.1%
        2002-- $79,200 +200%
        2001-- $26,400
        2000-- $26,400

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Butler-Tarkington

        Getting around

        66 / 100
        Somewhat Walkable
        33 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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