$550,000
55 W 36 , Indianapolis, IN 46208
- 1911
- year built
- Status:
- Active
- MLS #:
- 22135272
- Neighborhood:
- Lazarus & Colemans Harvard
- County:
- Marion
- Listed By:
- Robert Davenport - Plum Tree Realty
- Agent Phone:
- (317) 209-5528
- Agent Email:
- robert@indydreamhouse.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
Looking for a property that pays you now and grows with you? This corner-lot fourplex sits just minutes from Indianapolis's fast-growing downtown and is already bringing in $4,000 a month, with 3 of 4 units rented. Inside, two roomy 3-bed, 1-bath units each come with a den, and two cozy 1-bed, 1-bath units round things out. The fourth unit (3 Bed) is move-in ready, so you can live there and let your tenants help cover the mortgage, or lease it out and start cashing in right away. Outside, you'll find a big yard, a garage and a bus line right out front. Here's where it gets exciting. D8 zoning opens the door to potentially going up to six units. The bottom two units can be converted, the attic has two bedrooms already framed with electrical run, and two separate exterior doors make adding units a breeze. The garage already has electrical, too, so it could become a separate unit of its own. Whether you're just starting your investing career or you're a seasoned investor ready to keep it fully leased or explore short-term rentals in Downtown Indy, this one checks the boxes.. Come see it before someone else does!
Highlights
- Residential Income
- Quadruplex
- Built in 1911
- 0.15 Acre Lot
- 1 Car Garage
- 1 day on Market
-
- Year Built
- 1911
-
- Garage Spaces
- 1.0
-
- Parking Features
- Detached
-
- Acres
- 0.15
-
- Area
- 4910 - Marion - Center
-
- County
- Marion
-
- City
- Indianapolis
-
- Neighborhood
- Lazarus & Colemans Harvard
-
- Zip Code
- 46208
-
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Estimated Value
$239,254
Estimated Sales Price Range:
$191,403 - $287,104
Source: Constellation Data Labs
Price History
| 09/25/2020 | Sold | $135,000 |
| Source: MIBOR Broker Listing Cooperative #21730968 | ||
| Listed | $139,900 | |
| Source: MIBOR Broker Listing Cooperative #21730968 | ||
| 11/13/2026 | Listed | $550,000 |
| Source: MIBOR Broker Listing Cooperative #22135272 | ||
| 02/08/2025 | Off Market | — |
| Source: MIBOR Broker Listing Cooperative #22020137 | ||
Source: MLS Data
Deed History
| 07/11/2025 | Warranty Deed | $0 |
| 06/30/2025 | Warranty Deed | $0 |
| 09/29/2020 | Warranty Deed | $135,000 |
Source: Public records via Constellation Data Labs
Mortgage History
| 07/11/2025 | Commercial | $309,500 |
| 09/29/2020 | Coventional | $101,250 |
Source: Public records via Constellation Data Labs
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There are currently 5104 properties available in Indianapolis, with 0 under contract to close soon. Properties in the city have an average sale price of $287,190 and typically spend 69 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 55 W 36?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 55 W 36.
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How do I get more information about 55 W 36?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $550,000. We can talk through recent upgrades, potential seller motivation, how this quadruplex compares to others in Indianapolis, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 55 W 36?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 55 W 36 at around $3,130. This includes estimated property taxes and insurance.
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How do I get pre-approved to buy 55 W 36?
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Or, let us connect you with our preferred local lender in Marion County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 55 W 36?
In most cases, yes. Whether 55 W 36 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Indianapolis's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 55 W 36?
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You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
How long has this property been on the market?
55 W 36 was listed on November 13, 2026, which means it's been on the market for 1 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1911, making it approximately 115 years old.
What is the lot size of this property?
55 W 36 sits on a 0.15-acre lot, which is 6,534 square feet.
Is 55 W 36 still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Based on information submitted to the MLS GRID as of November 14, 2026 at 05:31AM. 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.
