29 E Palmer ST Active Save Request In-Person Tour Request Virtual Tour
Indianapolis,IN 46225
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $146
Subdivision James Franks S Meridian Street Add
MLS Listing ID 22070271
Bedrooms 5
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1890
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Single Family Residence
Property Description
Prime Downtown Investment Opportunity! Welcome to this fully renovated 5-bedroom, 3.5-bath home ideally located in the heart of downtown Indianapolis-just minutes from Lucas Oil Stadium, Fountain Square, and all the best dining, shopping, and entertainment the city has to offer. Currently being utilized as a triplex, this property generates a strong monthly income of $3,300. All tenants are month-to-month, providing excellent flexibility for investors or future owner-occupants. Inside, you'll find updated finishes throughout, modern bathrooms, and a stylish kitchen with contemporary touches. The home also features a spacious basement offering endless opportunities-perfect for storage, expansion, or additional living space. Whether you're looking to expand your rental portfolio or secure a downtown home with income potential, this property is a rare find. Square footage is approximate and not actual.
Location
State IN
County Marion
Rooms
Basement Unfinished
Main Level Bedrooms 3
Interior
Interior Features Breakfast Bar
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace N
Appliance Dishwasher,Gas Oven,Refrigerator
Exterior
Garage Spaces 2.0
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Building
Story Two
Foundation Crawl Space,Partial
Water Public
Architectural Style Contemporary,Ranch
Structure Type Stone
New Construction false
Schools
School District Indianapolis Public Schools