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56 S Irvington Avenue

Indianapolis, IN 46219

ActiveListed Oct 7, 2026 · 3 days on market

Key facts

Lot
0.33 acres
Year built
1917
Type
Residential Income · Quadruplex
Stories
Two and a half
MLS #
22129965
County
Marion
Subdivision
Levi Ritters

About this home

Historic Charm Meets Turnkey Investment in Irvington! An exciting opportunity to own a rare, beautifully updated 4-unit multifamily property in the heart of the Historic Irvington District! With a mix of 1- and 2-bedroom units plus attic living space, this turnkey property offers historic character, modern updates, and excellent flexibility for investors or owner-occupants. Units 1 and 4 are leased through March 2027. Unit 2 is a 2-bedroom, 1-bath unit recently vacated by a long-term tenant due to a job transfer, creating an excellent opportunity for immediate occupancy or additional rental income. Unit 3 is also vacant. Inside, you'll find beautiful wood floors, stunning 10-foot ceilings, graceful curved arch doorways, French doors, and decorative glass details that showcase the home's timeless character. Outside, enjoy the welcoming front porch and back deck-perfect for relaxing with friends, playing a board game, or simply enjoying the cool evening breeze. The location is hard to beat! Walk to the nearby library, grab coffee at a local shop, enjoy a meal at one of the area's restaurants, or use nearby public transportation. Ellenberger Park is close by for walking, jogging, exercise, and enjoying the outdoors. Recent updates include five furnaces and central air systems about 3 years old, a water heater about 3 years old, and a roof about 14 years old. A wonderful opportunity to own a piece of Irvington's history while enjoying the flexibility and potential of a well-maintained multifamily property. Come discover all this special property has to offer!

Description provided by the listing brokerage.

Interior

Basement
CellarPartialStorage SpaceUnfinishedExterior Entry
Laundry
In BasementSink
Security
Smoke Detector(s)
Condition
Updated/Remodeled

Exterior

Exterior features
Lighting
Roof
AsphaltShingle
Construction
Vinyl SidingStone
Foundation
Block
Style
Traditional
Parking and garage
Detached
Carport spaces
3
Fencing
Partial
View
Trees/Woods
Other equipment
DehumidifierSmoke AlarmSump Pump

Systems

Heating
Forced Air
Cooling
Central Air

Lot and HOA

Lot features
AccessCity LotCorner LotCurbsSidewalksMature Trees

Schools

Elementary school
Emma Donnan Elementary and Middle
School district
Adelante Schools

Taxes

Estimated annual tax
$5,792 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,774per month, estimated
Principal and interest $2,142Property tax $483Insurance $149
20% · $85,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$425,000
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