642 E 54th St, Indianapolis, IN 46220
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FOR SALE
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642 E 54th St
Indianapolis, IN 46220

Meridian Kessler
  • 6 Beds
  • 2 Baths

$425,000

Original price: $450,000
Est. Mortgage $2,598/mo*
Get Pre-Qualified

$425,000

Original price: $450,000
Est. Mortgage $2,598/mo*
Get Pre-Qualified
6 Beds
2 Baths

Home Highlights

Climate Control
Forced Air & Central Air
Listed
77 days ago

Local Information

  • Map ViewExplore the area around 642 E 54th St.
  • Schools5 Preschool Schools9 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

About this House

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. Currently leased through January at $1,725 per month, it provides immediate income with potential upside to market rents. 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.
Last check for updates: about 19 hours ago
Listing Provided by: Daniel Hubbard
eXp Realty LLC
Alex Montagano
Source: MIBOR as distributed by MLS GRID, MLS#22105879
Also Listed on MIBOR as distributed by MLS GRID, eXp Realty.

Home Details for 642 E 54th St

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Unfinished
Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 2
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air

Exterior Features

Exterior Home Features
Roof: ShingleFoundation: Block
Parking & Garage
Other Parking: Unit Parking(On Street, Unpaved)No CarportNo Attached GarageParking: Assigned
Frontage
Road Frontage: Street Cuts

Days on Market

Cumulative Days on Market: 70Days on Market: 77

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, DuplexStructure Type: DuplexArchitecture: Duplex
Building
Not a New Construction
Property Information
Parcel Number: 490612225018000801

Price & Status

Price
List Price: $425,000
Status Change & Dates
Possession Timing: Close Of Escrow

Media

Location

Direction & Address
City: IndianapolisCommunity: Samuel Clarks
School Information
High School District: Indianapolis Public Schools

Agent Information

Listing Agent
Listing ID: 22105879

Lot Information

Lot Area: 4356 sqft

Business

Expense
Tenant Pays: All Utilities

Miscellaneous

BasementMls Number: 22105879

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Meridian Kessler
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Meridian Kessler

At least 74 Trulia users voted on each feature.

  • 96 % Say it's dog friendly

  • 94 % Say there are sidewalks

  • 92 % Say yards are well-kept

  • 86 % Say parking is easy

  • 85 % Say it's walkable to restaurants

  • 84 % Say there's holiday spirit

  • 82 % Say kids play outside

  • 76 % Say streets are well-lit

  • 76 % Say people would walk alone at night

  • 73 % Say neighbors are friendly

  • 72 % Say car is needed

  • 68 % Say it's walkable to grocery stores

  • 67 % Say they plan to stay for at least 5 years

  • 63 % Say there are community events

  • 51 % Say there's wildlife

  • 46 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "cool people cool stuff. biscuits and gravy car club Saturdays. farmers market is pretty 😎 and the park is one of a kind. "
    0
    Flag
  • Trulia User
    "The school down the road has a French festival and the state fair grounds has events all year around."
    0
    Flag
  • Trulia User
    "Great places to walk. Lots of dog-friendly places to take your pup for dinner. Some of the yards can be a bit small."
    0
    Flag
  • Trulia User
    "I drive my car. I take Meridian St. north to my workplace in Carmel. It is a short 15 minute drive. "
    0
    Flag
  • Trulia User
    "The streets in the area are busy so be cautious. Friendly neighborhood. Walk to grocery stores, restaurants and schools. Neighbors look after each other so you feel very safe. "
    0
    Flag
  • J J. O.
    "it's a dog friendly neighborhood. Dog's are well maintained and so are the lawns owners have control over their pets "
    0
    Flag
  • Ratay.torrey
    "There are lots of families with dogs around this area and many patios are dog friendly. People generally clean up after their dogs well, also."
    0
    Flag
  • Meredithangner
    "Amazing neighborhood. Really can’t find a better place to live in Indy! Safe, friendly and beautiful. Plus walk to school"
    0
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  • Karla
    "Saint Joan of Arc festival and Sausage Festival are great! Jazz fest at jazz kitchen is one of my favorite weekends."
    2
    Flag
  • Juliet M.
    "Lots of families. Lots of pets, good sidewalks, shops, restaurants. We really like living here. Never had an issue with feeling uncomfortable "
    0
    Flag
  • Jesse.kurth
    "Zone 2 of Meridian Kessler East of College is quiet, void of crime, larger than average homes and invested home owners."
    1
    Flag
  • Mbc3muller
    "Our dogs frolic in a fenced yard with 300 feet of treed shade. They run the fence with our neighbor dogs on either side. Lots of people walk their dogs on the side walk out front. We are a dog friendly area. Everyone picks up after their dogs, and most keep their pets out of the flowers. "
    1
    Flag
  • Jerry W. T. J.
    "Commute to downtown is painful for past 18 months, perhaps construction being finished will help. Red line bus could be the answer."
    0
    Flag
  • Paige O.
    "Close to everything. Clean. Diverse. Is in a safe bubble. Loving neighbors. A million parks near by. Ideal to raise a child here. "
    0
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  • Kyfoster
    "Accessible to parks, monon trail. Lots of dog friendly people in the area. Many restaurants are dog friendly as well especially in the summer time. "
    0
    Flag
  • Jordan H.
    "A great place to live, go out, exercise, and enjoy your neighbors. Perfect location in Indianapolis."
    0
    Flag
  • Caitlyn R.
    "Safe neighborhood but definitely street by street. Fast driving cars near college. A lot of traffic. "
    0
    Flag
  • Jesse k.
    "The yards in this neighborhood typically aren't huge but we're close to the Monon trail, so a great place for walks."
    0
    Flag
  • Kyfoster
    "good area and nice people. great local food and shops. dog friendly and parks are close by. low crime rate"
    0
    Flag
  • Gabriel H.
    "Friendly, diverse neighborhood; fairly pedestrian friendly; Monon Trail should be considered a national treasure. "
    0
    Flag
  • Ktspitler
    "Our neighborhood has a little bit of everything! Friendly, downtown feel, restaurants and shops in walking distance, old homes with lots of character...there is turkey not another neighborhood like it in the area. Schools are within walking distance and neighbors are always outside ready for a friendly chat!"
    0
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  • Kyfoster
    "walkable to fun stores and restaurants. trendy and active area. homes with character and charm make the area interesting"
    0
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  • Andy P.
    "I've lived in the area for almost four years, and there is no where else in Indy I'd rather be. You can walk to anything! Shopping, restaurants, green space, schools -- you name it! "
    0
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  • Mary
    "Houses in SoBro, near 46th & Winthrop are great for active families. Meridian Kessler little league is running almost every evening on the diamonds at the school for the deaf (on 46th). Across the street is Aresenal Park. On a sunny Sunday & often throughout the week there are bike polo matches, pick up basketball, ultimate frisbee, soccer, Indy Parks area for outdoor parties & the play area for kids, including a splash park in the summer! There's also development in nearby businesses along College, The Monon & 46th. Surely a great area to live. I've lived in the area for 3+ years now & haven't had any dangerous interactions with anyone. The crime seems to be isolated to the houses / apartments where folks are up to no good."
    0
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  • lbisser
    "Excellent schools - Center for Inquiry and Immaculate Heart of Mary in walking distance. Friendly neighborhood walking biking pet friendly - near Broad Ripple dog park, and The Riviera Club for fitness and swimming and social life"
    0
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  • pacificsky71
    "Wow, loved it. Traffic was a bit much but after a month I didnt even notice. Was so nice to live only a few minutes from down town and a few minutes from broadripple. Neightbors were best I have ever lived near. "
    0
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Market trends in Indianapolis

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$251K
$10KMoM
Sale-to-List Price
99.6%
0.3%MoM
Price per sq ft
$145
$3MoM
Available listings
4043
154MoM

Home Value

Trulia Estimate
$417K
Since last month
Decreased$18K (-4%)
Since last year
Increased$132K (+46.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +114% in the last 10 years
MonthEstimated value
2026
August 2026$417K
July 2026$434K
June 2026$460K
May 2026$321K
April 2026$339K
March 2026$344K
February 2026$332K
January 2026$334K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
728 E 55th St, Indianapolis, IN
0.16
Multi-Family Home
$315,000
04/13/26
2
2
-
5549 N College Ave, Indianapolis, IN
0.18
Multi-Family Home
$479,000
12/01/25
6
2
-
4746 Broadway St, Indianapolis, IN
0.68
Multi-Family Home
$575,000
07/01/26
7
4
-
4409 N College Ave, Indianapolis, IN
1.03
Multi-Family Home
$350,000
10/03/25
6
2
-
4325 N College Ave, Indianapolis, IN
1.13
Multi-Family Home
$460,000
06/15/26
6
4
-
4652 N Kenwood Ave, Indianapolis, IN
1.03
Multi-Family Home
$500,000
12/12/25
5
4
-
4211 N Park Ave, Indianapolis, IN
1.28
Multi-Family Home
$465,000
07/09/26
6
3
-
710 E 40th St, Indianapolis, IN
1.55
Multi-Family Home
$335,000
04/13/26
6
2
-
4834 Crittenden Ave, Indianapolis, IN
1.16
Multi-Family Home
$455,000
09/26/25
4
4
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5370 N Broadway St, Indianapolis, IN 46220
0.04
$437,200
2
1.5
1,914
Off Market
5341 Broadway St, Indianapolis, IN 46220
0.07
$447,500
2
2
2,116
Off Market
609 E 54th St, Indianapolis, IN 46220
0.07
$289,100
2
1
1,346
Off Market
5348 N College Ave, Indianapolis, IN 46220
0.07
$293,000
2
1
1,538
Recently Sold
5406 Broadway St, Indianapolis, IN 46220
0.07
$375,000
3
1.5
2,018
Recently Sold
5338 Broadway St, Indianapolis, IN 46220
0.08
$352,500
2
1
1,965
Recently Sold
5342 N Broadway St, Indianapolis, IN 46220
0.09
$429,400
3
1
2,296
Off Market
5429 Broadway St, Indianapolis, IN 46220
0.06
$559,000
3
2
2,524
Off Market
5336 N Broadway St, Indianapolis, IN 46220
0.09
$427,700
2
2
1,927
Off Market
5433 Broadway St, Indianapolis, IN 46220
0.07
$452,500
3
2
3,196
Off Market
5424 N Broadway St, Indianapolis, IN 46220
0.08
$544,500
2
1.5
2,504
Off Market

Price and Tax history

DateEventPrice
Aug 13, 2026
Source: MIBOR as distributed by MLS GRID #22105879
PriceChange
$425,000
Price decreased by 6%
Jul 28, 2026
Source: eXp Realty #22105879
PriceChange
$450,000
Price decreased by 5%
Jun 23, 2026
Source: MIBOR as distributed by MLS GRID #22105879
PriceChange
$475,000
Price decreased by 5%
Jun 5, 2026
Source: MIBOR as distributed by MLS GRID #22105879
Listed For Sale
$499,000
Feb 12, 2024
Source: Zillow Rentals
ListingRemoved

LGBTQ Local Legal Protections

Daniel Hubbard, eXp Realty LLC
Based on information submitted to the MLS GRID as of 2026-08-20 19:03:01 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information

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Frequently asked questions about 642 E 54th St

  • What is the estimated monthly payment for 642 E 54th St?
    Based on a $425,000 list price with 20% down at today's rates, the estimated monthly payment for 642 E 54th St in Indianapolis, IN is approximately $2,636 (about $2,221 principal & interest, $340 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 642 E 54th St compare to homes in Indianapolis?
    642 E 54th St in Indianapolis, IN is listed at $425,000, about 69% above the $251K median sale price in Indianapolis.
  • What do residents say about the Meridian Kessler neighborhood?
    Residents describe the Meridian Kessler neighborhood in Indianapolis, IN as dog-friendly, pedestrian-friendly, and well-kept. See homes for sale in Meridian Kessler, Indianapolis.
  • What are the closest schools to 642 E 54th St?
    The closest schools to 642 E 54th St in Indianapolis, IN are Arlington Community Middle School (rated 2/10), Arsenal Technical High School (rated 2/10), Broad Ripple Middle School - An IB World School (rated 3/10).
  • Does 642 E 54th St have air conditioning?
    Yes, 642 E 54th St in Indianapolis, IN has air conditioning.
  • Does 642 E 54th St have parking?
    Yes, 642 E 54th St in Indianapolis, IN has on-site parking.
642 E 54th St, Indianapolis, IN 46220 is a 6 bedroom, 2 bathroom multi-family built in 1920. 642 E 54th St is located in Meridian Kessler, Indianapolis. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Jun 5, 2026. The MLS # for this home is MLS# 22105879.