#22042809, Jamie Suchotzky, Listing office: Red Hot, REALTORS LLC
59 W Fall Creek Parkway S Drive Indianapolis, IN 46208
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
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
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$725,000
59 W Fall Creek Parkway S Drive
$8,609
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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
1.4 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.
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.
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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.