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642 E 54th Street, Indianapolis, IN 46220

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
642 E 54th Street,Indianapolis, IN 46220
$475,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: daniel hubbard, alex montagano
Office: exp realty llc.
MLS#:22105879
Source:IN_MIBOR

Price summary

  • Price:$475,000

About this home

Why rent when you can own a duplex in one of Indianapolis' most desirable neighborhoods and have your tenant help pay the mortgage? With just 5% down, and assuming market rents of approximately $1,800/month on the rental side, your estimated out-of-pocket housing cost could be around $1,625 per month (verify with lender)-all while owning a property, building equity, and benefiting from future appreciation. Located just off College Avenue and 54th Street in the heart of Midtown Indianapolis, this classic duplex presents a rare opportunity for house hackers, investors, and owner-occupants alike. The property combines historic character, modern updates, and exceptional walkability to some of the city's most popular restaurants, coffee shops, parks, and entertainment destinations. The 642 side has been extensively updated and features a newer HVAC system and water heater for added peace of mind. Currently leased through January at $1,725 per month, it provides immediate income...

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Home facts

  • Year built:1920
  • Listing ID #:22105879
  • Added:50 day(s) ago
  • Updated:July 26, 2026 at 03:04 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Unfinished

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1920
  • Lot area:0.1 Acres
  • Foundation Description:Block

Finances and disclosures

  • Price:$475,000
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