37 Fall Creek Parkway South

Indianapolis, IN

$725,000

37 Fall Creek Parkway South, Indianapolis, IN 46208

Indianapolis, IN 46208 · Rubens Wildwood

MLS# MBR22124579

Listed 3 days ago

0 Beds
0 Baths

About this home

Rare investment opportunity in the Near Northside/Fall Creek Place corridor: a 1913 Craftsman fourplex with four legal units and 10 bedrooms across approximately 6,400 SF, already operating as a hybrid short-term rental and long-term primary residence with a potential cap rate approaching 9-10%. The main floor and full basement (7 bedrooms) run as an established, Superhost-rated Airbnb with a proven booking history - seller is offering a 3-6 month co-hosting transition so a buyer inherits the reviews and ranking rather than starting from zero. The upper floor is a spacious 3BD/2BA suite currently owner occupied. Original inlaid hardwood floors, tiled fireplaces, and custom millwork throughout, plus an original tile roof with a matching surplus of spare tiles included. Recent updates: full exterior repaint, all ~75 original windows and storm windows repaired, 2024 condenser replacement, HVAC service plans maintained on both systems, newer water heater/softener. Electric separately metered per unit. Off-street parking on two street frontages plus a one-car garage. Sold furnished, with the active short-term rental operation available to convey for a true turnkey opportunity. Buyer may also have the option to assume the seller's existing financing balance of 375k at 3% - a rate well below today's market - ask listing agent for details. Occupied; please do not disturb. Showings by appointment only.

Property Details

Type
Multi-Family
Year Built
1913
Lot Size
0.18 acres
Listed
3 days ago
County
Marion
Listing Office
Liz Foley Real Estate, Inc.
Listing Agent
Alexander Foley

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Estimate principal and interest for this listing.

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Estimated monthly payment

$3,666/mo

Principal & interest
$3,666
Loan amount
$580,000

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Listed by Liz Foley Real Estate, Inc. with Alexander Foley. Contact xanderfoley27@gmail.com.

Indiana Regional MLSMIBOR Broker Listing Cooperative

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© 2026 MIBOR REALTOR® Association

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service.

Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID

IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the Broker Listing Cooperative listing service as of September 27, 2026 at 1:15 PM EDT. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.

Based on information submitted to the MLS GRID as of September 27, 2026 at 1:15 PM EDT. 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.