#22042813, Jamie Suchotzky, Listing office: Red Hot, REALTORS LLC
55 W Fall Creek Parkway S Drive Indianapolis, IN 46208
Property details
About 55 W Fall Creek Parkway S Drive
Welcome to this outstanding multi-family property nestled in one of Indianapolis'most desirable neighborhoods. This gem features four thoughtfully designed units, each offering comfortable two-bedroom, one-bathroom layouts perfect for residents seeking convenience and quality living. Situated in a vibrant community, this property enjoys proximity to numerous local amenities that tenants will appreciate. The beautiful George E. Kessler Park is just steps away, offering green spaces for outdoor recreation and relaxation. When hunger strikes, the renowned Goose The Market is within walking distance, providing specialty foods and groceries for culinary enthusiasts. Commuting is a breeze with the Meridian Street and Fall Creek/Ivy Tech Station nearby, connecting residents to the greater Indianapolis area. Families will value the property's location within reach of Herron High School, known for its exceptional academic programs. Investors will recognize the tremendous potential this four-unit building presents in Indianapolis ' growing rental market. The consistent floor plans across all units streamline maintenance and management, while the strategic location ensures strong tenant demand year-round. Whether you want to expand your real estate portfolio or seek your first multi-family investment, this property offers the perfect balance of location, functionality, and growth potential. The solid brick construction and well-maintained grounds represent the property's enduring value. Don't miss this opportunity to own a piece of Indianapolis real estate with excellent income potential in a neighborhood that continues to flourish!
Highlights
Summary
- Basement: Yes
- Heating: Forced Air
- List Price: $700,000
- Directions: GPS Friendly
- Year Built: 1910
- Lot Size: 0.16 Acres
- MLS Number: 22042809
- MLS Name: MIBOR
- Office Name: Red Hot, REALTORS LLC
- Office Email: Jamie@RedHotRealtors.com
- Listing Agent: Jamie Suchotzky
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Last updated on: 6/11/2025, 11:46:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$700,000
55 W Fall Creek Parkway S Drive
$8,313
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
Louis B Russell Jr School 48
Public Charter KG-6
1.3 mi
•3445 Central Ave
3
Global Preparatory Academy
Public Charter KG-6
1.5 mi
•2033 Sugar Grove Ave
3
Kipp Indy Unite Elementary School
Public Charter KG-5
1.7 mi
•1740 E 30th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $13,914. Residents of Indianapolis, IN typically earn less than $<35k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
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Frequently asked questions
About 55 W Fall Creek Parkway S Drive
The listing price of 55 W Fall Creek Parkway S Drive property is $700,000.
The property 55 W Fall Creek Parkway S Drive is a multi located in Indianapolis, Indiana, 46208.
Active Listing: 55 W Fall Creek Parkway S Drive is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 55 W Fall Creek Parkway S Drive are: Louis B Russell Jr School 48 (GreatSchools Rating 4/10), Global Preparatory Academy (GreatSchools Rating 3/10), Kipp Indy Unite Elementary School (GreatSchools Rating 3/10), George Washington Carver Montessori School 87 (GreatSchools Rating 6/10), Center For Inquiry School 27 (GreatSchools Rating 3/10), IPS Butler University Laboratory School 60 (GreatSchools Rating 4/10), Herron High School (GreatSchools Rating 9/10), Shortridge High School (GreatSchools Rating 2/10), Crispus Attucks High School (GreatSchools Rating 1/10).
The year of construction for 55 W Fall Creek Parkway S Drive is 1910.
This home is located at 55 W Fall Creek Parkway S Drive in Indianapolis, IN and zip code 46208 in the Near Northside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 3, 2025 and is currently priced at $700,000.
While more than 300 listings in Indianapolis, IN in May 2025 were sold above asking price, there were more than 315 listings sold at asking price, and more than 544 were sold below. The number of homes for sale in Indianapolis, IN increased by 3.7% between April and May 2025. In May 2025, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $250,180.