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
Active
$675,000
539 E 53rd St, Indianapolis, IN 46220
8beds
5baths
--sqft
Multi Family, Duplex
Built in 1924
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Finished basementsWood burning fireplaceQuiet residential settingFenced in yardsLarge screened front porchCentral air conditioningSurrounding built in bookcases
- 3 days
- 322
- 12
Zillow last checked:
Listing updated:
Listed by:
Lisa Meulbroek 317-514-6183,
Liberty Real Estate, LLC.,
Chris Meulbroek 317-372-5059,
Liberty Real Estate, LLC.
Source: MIBOR as distributed by MLS GRID,MLS#: 22122959
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Main level bathrooms: 9
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: In Basement
Features
- Basement: Egress Window(s),Finished
Property
Parking
- Details: Unit Parking(On Street)
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced,Partial
Lot
- Size: 8,712 Square Feet
- Features: Access, City Lot, Corner Lot, Curbs, Sidewalks, Mature Trees
Details
- Parcel number: 490612108002000801
- Zoning: Residential
- Special conditions: Sales Disclosure On File
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Brick, Wood Siding
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1924
Community & HOA
Community
- Subdivision: Mengs Park Ave
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $343,500
- Annual tax amount: $13,492
- Date on market: 8/28/2026
- Cumulative days on market: 5 days
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Listed for sale | $675,000+4.7% |
Source: | ||
| 8/12/2025 | Listing removed | $645,000 |
Source: | ||
| 4/12/2024 | Listed for sale | $645,000 |
Source: | ||
| 4/6/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/1/2024 | Listed for rent | $2,500+8.7% |
Source: Zillow Rentals Report a problem | ||
| 3/1/2024 | Listing removed | -- |
Source: | ||
| 10/7/2023 | Listed for sale | $645,000 |
Source: | ||
| 5/2/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 4/12/2022 | Listed for rent | $2,300+4.5% |
Source: Zillow Rental Manager Report a problem | ||
| 4/19/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 3/31/2021 | Listed for rent | $2,200 |
Source: Zillow Rental Manager Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/24/2019 | Listing removed | $2,200 |
Source: Owner Report a problem | ||
| 9/16/2019 | Listed for rent | $2,200 |
Source: Owner Report a problem | ||
| 8/13/2019 | Listing removed | $2,200 |
Source: Owner Report a problem | ||
| 6/8/2019 | Listed for rent | $2,200 |
Source: Owner Report a problem | ||
| 4/12/2019 | Listing removed | $2,200 |
Source: Owner Report a problem | ||
| 2/22/2019 | Listed for rent | $2,200 |
Source: Owner Report a problem | ||
| 4/30/2018 | Listing removed | $2,200 |
Source: Owner Report a problem | ||
| 2/20/2018 | Price change | $2,200+4.8% |
Source: Owner Report a problem | ||
| 1/28/2018 | Listed for rent | $2,100+5% |
Source: Owner Report a problem | ||
| 4/13/2017 | Listing removed | $2,000 |
Source: Owner Report a problem | ||
| 3/18/2017 | Listed for rent | $2,000 |
Source: Owner Report a problem | ||
| 1/23/2016 | Listing removed | $2,000 |
Source: Owner Report a problem | ||
| 1/16/2016 | Listed for rent | $2,000 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,746 +0% | $343,500 +20.8% |
| 2024 | $6,744 -1.9% | $284,300 |
| 2023 | $6,873 +23.3% | $284,300 -2.3% |
| 2022 | $5,576 -0.4% | $291,100 +20.4% |
| 2021 | $5,597 -1.9% | $241,700 |
| 2020 | $5,706 +0.6% | $241,700 |
| 2019 | $5,672 +24% | $241,700 +1.5% |
| 2018 | $4,576 +2.6% | $238,100 +12% |
| 2017 | $4,462 -2% | $212,500 +1.7% |
| 2016 | $4,553 +3% | $208,900 +2.2% |
| 2014 | $4,422 -21.2% | $204,500 |
| 2013 | $5,610 | $204,500 -18.2% |
| 2012 | $5,610 | $250,100 +9.5% |
| 2011 | -- | $228,500 +0.1% |
| 2010 | $4,746 -2.5% | $228,300 |
| 2009 | $4,866 | $228,300 -3.6% |
| 2007 | -- | $236,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Meridian Kessler
Nearby schools
Schools provided by the listing agent
- High: Shortridge High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





