29 E Palmer ST Indianapolis, IN 46225 Open Sat 2PM-4PM

UPDATED: 11/12/2025 10:10 PM ON MARKET: 8 days on market

Listed by Gabriela Gonzalez • Highgarden Real Estate

$369,000

5 Beds4 Baths2,520 SqFt

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.