2 months on rocket

55 W Fall Creek Parkway S Drive, Indianapolis, IN, 46208

$725,000

Home List Price

$8,609*

Closing Credit

0 Baths
Multi

Location

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55 W Fall Creek Parkway S Drive, Indianapolis$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1910
HeatingForced Air
CoolingCentral Air
MLS #22003686
Lot Size0.16 Acres
StatusActive

About 55 W Fall Creek Parkway S Drive

Welcome to this exceptional multi-family property offering a solid investment opportunity. This all-brick four-plex stands out with its recent upgrades to kitchens and bathrooms, ensuring modern comfort and style. The property is 100% occupied, and each unit features 2 bedrooms and 1 bath, demonstrating its appeal in the rental market. With a practical and well-maintained parking lot at the rear, this property provides ample parking space for tenants, adding to its desirability. The location is superb, just a short distance from educational, transit, shopping, and recreational amenities that enhance tenant living experiences and property value. Whether you want to expand your investment portfolio or venture into the real estate market, this property offers a compelling location, condition, and income potential package.

Property Details

Property Features

Property Information:

  • Year Built: 1910

Listing Office:

  • Office Name: Red Hot, REALTORS LLC
  • Office Email: Jamie@RedHotRealtors.com
  • Listing Agent: Jamie Suchotzky

Interior Features

Interior Information:

  • Basement: No

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000
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Housing Market Comparison

See how this home compares to others in Indianapolis, IN.

Med. Sold Price

$248.1K

Med. Price/SqFt

$140

Avg. Days On Market

36

# of Sold Homes

830

55 W Fall Creek Parkway S Drive vs Indianapolis

68 DAYS ON ROCKET

+32 Days

$725,000

+$476.8K More

KEY TAKEAWAY

This property is $476.8K more than the Median Sold Price in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #22003686

Listing Office:

  • Office Name: Red Hot, REALTORS LLC
  • Office Email: Jamie@RedHotRealtors.com
  • Listing Agent: Jamie Suchotzky

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to helpdesk@miborsupport.com and DMCAnotice@MLSGrid.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 11:16:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3476838
4
/10
  • Louis B Russell Jr School 48

  • 3445 Central Ave

  • 1.28 miles

  • Public Charter Grades KG-6

school-card-donut-3476839
3
/10
  • Global Preparatory Academy

  • 2033 Sugar Grove Ave

  • 1.46 miles

  • Public Charter Grades KG-6

school-card-donut-3476840
3
/10
  • Kipp Indy Unite Elementary School

  • 1740 E 30th St

  • 1.70 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

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

All data provided by Home Junction and Claritas


Rocket HomesIndianaMarion CountyIndianapolis4620855 W Fall Creek Parkway S Drive

This home is located at 55 W Fall Creek Parkway S Drive in Indianapolis, IN and zip code 46208 in the Near Northside neighborhood. This home, which was built in 1910, sits on a 0.16 acre lot. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $725,000.

Over 170 listings were sold over their listed price in November 2024 in Indianapolis, IN. In the same period over 429 listings were sold below the listed price and 231 listings were sold for the listed price. The inventory of homes for sale in Indianapolis, IN between October 2024 and November 2024 decreased by 5.8%. In November 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $248,146.

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

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