# 36 W 56th Street, Indianapolis, IN 46208 > **TL;DR:** 4bd/4ba multi-family, $699,900, built 1940. > A/C, 2-car garage. Est. $3,743/mo. Listed 226 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $699,900 | | Bedrooms | 4 | | Bathrooms | 4 full | | Year Built | 1940 | | Lot Size | 13,068 sqft (0.30 acres) | | Stories | 2 | | Garage | 2-car | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 226 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,539 | | Estimated Insurance | $204 | | **Total** | **$3,743** | ## Key Amenities - A/C - 2-car garage ## Property Highlights - Built in 1940 - 0.30 acre lot - 2 stories ## Description ### Agent Description Live for Less + Earn from Day 1... Absolutely enchanting opportunity - whether a house-hacker, pure investor, multi-generational household, or a portfolio buyer - this dreamy, English-Tudor duplex is a proven, steady, income-producing asset w/a 4.14% cap rate + $32,100 annual NOI (positioned below market rates + logically to increase at next lease renewal). An 11-year track record of 100% occupancy w/happy, long-term tenants + no work required, this is truly a "unicorn" property. Set on leafy 0.30acre parcel mere steps from every favorite haunt in the Butler-Tarkington retail district, including: Illinois Street Food Emporium, Tinker Coffee, Kincaid's Market, Byrne's Pizza, Starbucks, Safeway, Graeter's + so many other hot spots! Nestled deep on the lot, this handsome brick facade encases two mirror-image units loaded w/character. Both foyers feature wrought iron rails + hardwood floors that flow into the living + dining rooms. Both units feature their classic original fireplaces in both the living rooms + their respective lower level rec rooms! Both dining rooms open to private screen porches overlooking the rear yard. Both upper levels feature two spacious bedrooms + classic original bathrooms w/original tilework + fixtures. Lower level rec rooms open to unfinished utility rooms w/lavatories + laundry areas. The property features a detached two car garage (one per unit). Stability + income + opportunity all wrapped in picture-perfect packaging... ## Location - **Address:** 36 W 56th Street, Indianapolis, IN 46208 - **County:** Marion - **Neighborhood:** North Butler Terrace - **Coordinates:** 39.854408, -86.15849 - **Google Maps:** https://www.google.com/maps?q=39.854408,-86.15849 ## Listing Agent - **Name:** Jonathan Eriksen - **Brokerage:** CENTURY 21 Scheetz - **Broker Phone:** (317) 844-5111 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/36-W-56th-St_Indianapolis_IN_46208_M45608-09231?f=listhub&s=MIBORIN&m=22089775&c=propsimple) ## Photos ![36 W 56th Street - Photo 1](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f2325172166r.jpg) ![36 W 56th Street - Photo 2](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f795180227r.jpg) ![36 W 56th Street - Photo 3](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f3607169494r.jpg) ![36 W 56th Street - Photo 4](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f3109398765r.jpg) ![36 W 56th Street - Photo 5](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1067957184r.jpg) ![36 W 56th Street - Photo 6](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1079271354r.jpg) ![36 W 56th Street - Photo 7](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f3580005709r.jpg) ![36 W 56th Street - Photo 8](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f2365663794r.jpg) ![36 W 56th Street - Photo 9](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f2279512011r.jpg) ![36 W 56th Street - Photo 10](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1218097107r.jpg) ![36 W 56th Street - Photo 11](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f332543980r.jpg) ![36 W 56th Street - Photo 12](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f2970812849r.jpg) ![36 W 56th Street - Photo 13](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f81363390r.jpg) ![36 W 56th Street - Photo 14](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1849032654r.jpg) ![36 W 56th Street - Photo 15](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f812007278r.jpg) ![36 W 56th Street - Photo 16](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1857412046r.jpg) ![36 W 56th Street - Photo 17](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f154923699r.jpg) ![36 W 56th Street - Photo 18](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f3712653919r.jpg) ![36 W 56th Street - Photo 19](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1937530175r.jpg) ![36 W 56th Street - Photo 20](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f419859206r.jpg) ![36 W 56th Street - Photo 21](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1137674072r.jpg) ![36 W 56th Street - Photo 22](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f3702793244r.jpg) ![36 W 56th Street - Photo 23](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1977352994r.jpg) ![36 W 56th Street - Photo 24](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1757540256r.jpg) ![36 W 56th Street - Photo 25](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1005756348r.jpg) ![36 W 56th Street - Photo 26](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1739168615r.jpg) ![36 W 56th Street - Photo 27](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1806943902r.jpg) ![36 W 56th Street - Photo 28](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f4255343496r.jpg) ![36 W 56th Street - Photo 29](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f4151298485r.jpg) ![36 W 56th Street - Photo 30](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1815488171r.jpg) ![36 W 56th Street - Photo 31](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f2008923788r.jpg) ![36 W 56th Street - Photo 32](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f4074892618r.jpg) ![36 W 56th Street - Photo 33](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f3217464359r.jpg) ![36 W 56th Street - Photo 34](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f745339513r.jpg) ![36 W 56th Street - Photo 35](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f3843570955r.jpg) ![36 W 56th Street - Photo 36](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f984829584r.jpg) ![36 W 56th Street - Photo 37](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f908569725r.jpg) ![36 W 56th Street - Photo 38](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f2896773334r.jpg) ![36 W 56th Street - Photo 39](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1729213751r.jpg) ![36 W 56th Street - Photo 40](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1093486665r.jpg) ![36 W 56th Street - Photo 41](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f3748374679r.jpg) ![36 W 56th Street - Photo 42](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f947689516r.jpg) ![36 W 56th Street - Photo 43](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1026907047r.jpg) ![36 W 56th Street - Photo 44](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1591595664r.jpg) ![36 W 56th Street - Photo 45](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f1162629008r.jpg) ![36 W 56th Street - Photo 46](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f2622910592r.jpg) ![36 W 56th Street - Photo 47](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f678291662r.jpg) ![36 W 56th Street - Photo 48](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f2863910246r.jpg) ![36 W 56th Street - Photo 49](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f2392502115r.jpg) ![36 W 56th Street - Photo 50](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f2992619983r.jpg) ![36 W 56th Street - Photo 51](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f3375046486r.jpg) ![36 W 56th Street - Photo 52](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f105014589r.jpg) ![36 W 56th Street - Photo 53](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f59324489r.jpg) ![36 W 56th Street - Photo 54](http://lh.rdcpix.com/5fbe2baf346025bdcf5f03db2a1becfcl-f465235897r.jpg) --- **MLS#:** 22089775 | **Updated:** 2026-10-25 **Source:** listhub *Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/36-w-56th-street-indianapolis-in-46208-b51ebf130dea4bb2a87bd05266837e30) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/36-w-56th-street-indianapolis-in-46208-b51ebf130dea4bb2a87bd05266837e30#listing", "url": "https://www.propertysimple.ai/listing/36-w-56th-street-indianapolis-in-46208-b51ebf130dea4bb2a87bd05266837e30", "name": "36 W 56th Street, Indianapolis, IN 46208", "description": "Live for Less + Earn from Day 1... Absolutely enchanting opportunity - whether a house-hacker, pure investor, multi-generational household, or a portfolio buyer - this dreamy, English-Tudor duplex is a proven, steady, income-producing asset w/a 4.14% cap rate + $32,100 annual NOI (positioned below market rates + logically to increase at next lease renewal). An 11-year track record of 100% occupancy w/happy, long-term tenants + no work required, this is truly a \"unicorn\" property. Set on leafy 0.30acre parcel mere steps from every favorite haunt in the Butler-Tarkington retail district, including: Illinois Street Food Emporium, Tinker Coffee, Kincaid's Market, Byrne's Pizza, Starbucks, Safeway, Graeter's + so many other hot spots! Nestled deep on the lot, this handsome brick facade encases two mirror-image units loaded w/character. Both foyers feature wrought iron rails + hardwood floors that flow into the living + dining rooms. Both units feature their classic original fireplaces in both the living rooms + their respective lower level rec rooms! Both dining rooms open to private screen porches overlooking the rear yard. Both upper levels feature two spacious bedrooms + classic original bathrooms w/original tilework + fixtures. Lower level rec rooms open to unfinished utility rooms w/lavatories + laundry areas. The property features a detached two car garage (one per unit). 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