$725,000

59 W Fall Creek Parkway S Drive Indianapolis, IN 46208

$8,609
Closing credit¹
0.1 acres
Multi-Family

Property details

About 59 W Fall Creek Parkway S Drive

Nestled along the scenic Fall Creek Parkway, this exceptional multi-family property presents a rare opportunity for investors seeking quality rental units in one of Indianapolis's most desirable neighborhoods. This charming property features four well-maintained units, each offering comfortable 2-bedroom, 1-bathroom layouts that appeal to a wide range of potential tenants. Say goodbye to tenant parking woes! This property comes complete with its own dedicated parking lot-a feature that stands out in urban settings and adds significant appeal to prospective renters. The location couldn't be more perfect, with George E. Kessler Park just steps away for outdoor recreation and relaxation. Residents will appreciate the convenience of the nearby Meridian St & Fall Creek/Ivy Tech Station for easy commuting, while Goose The Market provides local grocery shopping within walking distance. Families will value the proximity to the esteemed Herron High School, adding educational value to this investment property's many attributes. Each unit offers practical living spaces with room for personalization, allowing you to create distinctive rental offerings or maintain a consistent appeal across all units. The solid brick exterior speaks to the building's durability and timeless charm, while providing excellent curb appeal. Whether expanding your investment portfolio or entering the multi-family market for the first time, this property offers stable income potential in a neighborhood that continues to grow in popularity and value. Don't miss the opportunity to add this promising multi-family gem to your real estate holdings!

Highlights

Home typeQuadruplex
StatusActive
BasementYes
Lot size0.14 Acres
Year built1910
MLS #22042813

Summary

  • Basement: Yes
  • List Price: $725,000
  • Directions: GPS Friendly
  • Year Built: 1910
  • Lot Size: 0.14 Acres
  • MLS Number: 22042813
  • MLS Name: MIBOR
  • Office Name: Red Hot, REALTORS LLC
  • Office Email: Jamie@RedHotRealtors.com
  • Listing Agent: Jamie Suchotzky

IDX Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.

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Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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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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59 W Fall Creek Parkway S Drive, Indianapolis, IN 46208 - view of property

$725,000

59 W Fall Creek Parkway S Drive

$8,609

closing credit¹

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0.5% sale price²

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

1.4 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $13,914. The most common annual income of people living in Indianapolis, IN is less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

74%
<35k
24%
35k-100k
2%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

78%
Single, No Kids
11%
Single, with Kids
6%
Married, No Kids
5%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

12%
<11 yrs old
8%
12-17 yrs old
24%
18-34 yrs old
38%
35-64 yrs old
18%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • UFCUFC
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Church's ChickenChurch's Chicken
  • Burger KingBurger King
  • Cicis PizzaCicis Pizza

What do the neighbors drive?

  • CadillacCadillac
  • BuickBuick
  • PontiacPontiac

What do the neighbors listen to?

  • JazzJazz
  • Urban ContemporaryUrban Contemporary
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

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Frequently asked questions

About 59 W Fall Creek Parkway S Drive

The listing price of 59 W Fall Creek Parkway S Drive property is $725,000.

The property 59 W Fall Creek Parkway S Drive is a multi located in Indianapolis, Indiana, 46208.

Active Listing: 59 W Fall Creek Parkway S Drive is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 59 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 59 W Fall Creek Parkway S Drive is 1910.

This home is located at 59 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 $725,000.

Over 300 listings were sold over their listed price in May 2025 in Indianapolis, IN. In the same period over 544 listings were sold below the listed price and 315 listings were sold for the listed price. Between April and May 2025, Indianapolis, IN real estate market has seen increase in the number of listings by 3.7%. While the average time on the market in May 2025 was 34 days, the median list price was $250,180.

From Rocket Homes Real Estate and based on county public records data.

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