642 E 54th Street

Indianapolis, Indiana 46220

Investment opportunity, owner-occupant dream, or short-term rental potential in one of Indianapolis' most sought-after locations! Situated just off College Avenue and 54th Street, this classic duplex offers the perfect blend of updated amenities, historic charm, and unbeatable convenience. The 642 side has been fully updated and features a newer HVAC system and water heater providing peace of mind for years to come. Currently leased at $1,725 per month through January, it offers immediate income for investors. The 644 side is vacant and move-in ready, showcasing timeless character with beautiful original hardwood floors and endless possibilities for an owner-occupant or new tenant. Enjoy double covered front porches with separate entrances for each unit, creating privacy and curb appeal, along with private rear parking for added convenience. The roof was replaced in December of 2024 and whether you're looking to house hack, expand your rental portfolio, or live in one unit while generating income from the other, this property checks all the boxes. Located in the heart of Midtown Indianapolis, you're just minutes from Downtown, Broad Ripple, and major northside destinations. Walk to popular restaurants, coffee shops, parks, and neighborhood favorites while enjoying easy access to everything the city has to offer. For investors seeking flexibility, the area's prime location and strong demand make it an attractive option for short-term rentals as well. Opportunities like this in such a desirable location don't come around often!