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  • $675,000

    539 E 53rd St, Indianapolis, IN 46220

    8beds
    5baths
    --sqft
    : 
    $4,591/mo
    Get pre-qualified
    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
    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
    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#: 22122959MLS Logo

      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

        DateEventPrice
        8/28/2026Listed for sale$675,000+4.7%
        Source: MIBOR as distributed by MLS GRID #22122959 Report a problem
        8/12/2025Listing removed$645,000
        Source: MIBOR as distributed by MLS GRID #21947440 Report a problem
        4/12/2024Listed for sale$645,000
        Source: MIBOR as distributed by MLS GRID #21947440 Report a problem
        4/6/2024Listing removed--
        Source: Zillow Rentals Report a problem
        3/1/2024Listed for rent$2,500+8.7%
        Source: Zillow Rentals Report a problem
        3/1/2024Listing removed--
        Source: MIBOR as distributed by MLS GRID #21947440 Report a problem
        10/7/2023Listed for sale$645,000
        Source: MIBOR as distributed by MLS GRID #21947440 Report a problem
        5/2/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        4/12/2022Listed for rent$2,300+4.5%
        Source: Zillow Rental Manager Report a problem
        4/19/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        3/31/2021Listed for rent$2,200
        Source: Zillow Rental Manager Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        9/24/2019Listing removed$2,200
        Source: Owner Report a problem
        9/16/2019Listed for rent$2,200
        Source: Owner Report a problem
        8/13/2019Listing removed$2,200
        Source: Owner Report a problem
        6/8/2019Listed for rent$2,200
        Source: Owner Report a problem
        4/12/2019Listing removed$2,200
        Source: Owner Report a problem
        2/22/2019Listed for rent$2,200
        Source: Owner Report a problem
        4/30/2018Listing removed$2,200
        Source: Owner Report a problem
        2/20/2018Price change$2,200+4.8%
        Source: Owner Report a problem
        1/28/2018Listed for rent$2,100+5%
        Source: Owner Report a problem
        4/13/2017Listing removed$2,000
        Source: Owner Report a problem
        3/18/2017Listed for rent$2,000
        Source: Owner Report a problem
        1/23/2016Listing removed$2,000
        Source: Owner Report a problem
        1/16/2016Listed for rent$2,000
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax 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

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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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Meridian Kessler

        Getting around

        72 / 100
        Very Walkable
        40 / 100
        Some Transit
        61 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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