642 E 54th Street, Indianapolis, IN 46220
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
Listed by: daniel hubbard, alex montagano
Office: exp realty llc.
MLS#:22105879
Source:IN_MIBOR | Licensed in Indiana
Price summary
- Price:$425,000
About this home
An outstanding investment opportunity in a highly sought-after location, featuring one tenant already in place for instant income and a vacant unit ready for an owner-occupant or a new tenant. 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. The 644 side is vacant and move-in ready, showcasing beautiful original hardwood floors and timeless charm, making it ideal for an owner-occupant or new tenant. Additional improvements include a new roof installed in December 2024, separate entrances with double covered front porches, and private rear parking for both units. Whether you're looking to offset your housing costs through house hacking, expand your investment portfolio, or capitalize on the area's strong demand for long-term and short-term rentals, this property offers flexibility and income potential in a location that's difficult to replicate. Just minutes from Downtown Indianapolis, Broad Ripple, and major northside destinations, opportunities like this don't come around often. Own where you live, reduce your monthly housing expense, and start building wealth through real estate....
Contact an agent
Home facts
- Year built:1920
- Subdivision & Development:Samuel Clarks
- Listing ID #:22105879
- Added:111 day(s) ago
- Updated:September 25, 2026 at 09:05 AM
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:$425,000
New listings near 642 E 54th Street
- New
$42,000Active0.13 Acres2505 Prospect Street, Indianapolis, IN 46203
MLS# 22128119Listed by: HOOSIER, REALTORS - Open Sat, 4 to 6pm
$170,000Active2 beds 2 baths1,180 sq. ft.9047 Cornucopia Drive, Indianapolis, IN 46268
MLS# 22124991Listed by: F.C. TUCKER COMPANY - New
$315,000Active3 beds 2 baths1,846 sq. ft.5425 Kidwell Court, Indianapolis, IN 46239
MLS# 22126292Listed by: HOOSIER, REALTORS - Open Sun, 12 to 2pmNew
$319,900Active3 beds 1 baths1,542 sq. ft.357 N Kenyon Street, Indianapolis, IN 46219
MLS# 22127883Listed by: REMAX ONE - New
$200,000Active3 beds 2 baths1,808 sq. ft.530 E Sumner Avenue, Indianapolis, IN 46227
MLS# 22127900Listed by: COMPASS INDIANA, LLC - New
$285,000Active2 beds 2 baths830 sq. ft.1636 Woodlawn Avenue, Indianapolis, IN 46203
MLS# 22128069Listed by: JANKO REALTY GROUP - New
$152,000Active-- beds -- baths4013 - 4015 E 12th Street, Indianapolis, IN 46201
MLS# 22073469Listed by: TRUEBLOOD REAL ESTATE - New
$142,000Active-- beds -- baths710 N Bosart Avenue, Indianapolis, IN 46201
MLS# 22124937Listed by: TRUEBLOOD REAL ESTATE - New
$225,000Active2 beds 1 baths881 sq. ft.2034 Gerrard Avenue, Indianapolis, IN 46224
MLS# 22127903Listed by: EXP REALTY LLC - New
$250,000Active3 beds 2 baths1,729 sq. ft.5857 E Dewey Avenue, Indianapolis, IN 46219
MLS# 22128088Listed by: RODRIGUEZ REAL ESTATE GROUP