Craftsman Fourplex with Rental
For Sale
$725,000
37 W Fall Creek Parkway South Drive, Indianapolis, IN 46208
Four legal units combine furnished short-term lodging with an owner-occupied upper-floor suite.
Property SizeContact for details
Days on Market10
Property Features for 37 W Fall Creek Parkway South Drive
General Information
Standard status
Active
Property subtype
Multi-Family
Building Details
Year Built
1913
Listing Agency:
Liz Foley Real Estate, Inc.
Listed By:
Alexander Foley ()
(317) 995-1122
Source:
Fortwayneareahomesforsale
Added: Sep 18
Changed: Sep 26
Last Checked: Sep 26 at 7:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Liz Foley Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 1913, this Craftsman fourplex contains four legal units, 10 bedrooms, and approximately 6,400 SF. The main level and full basement are operated as a furnished short-term rental with established booking history and Superhost status, while the upper level is a 3BD/2BA suite used as a primary residence. Original inlaid hardwood floors, tiled fireplaces, custom millwork, and the original tile roof remain in place, with matching spare tiles included.
Recent work includes repainting the exterior, repairing approximately 75 original windows and storm windows, replacing a condenser in 2024, and maintaining HVAC service plans for both systems. The property also has a newer water heater and softener, separately metered electric service for each unit, off-street parking along two street frontages, and a one-car garage. The active furnished rental operation may convey with a 3–6 month co-hosting transition. Located in the Near Northside/Fall Creek Place corridor, the property is occupied and shown by appointment.
Recent work includes repainting the exterior, repairing approximately 75 original windows and storm windows, replacing a condenser in 2024, and maintaining HVAC service plans for both systems. The property also has a newer water heater and softener, separately metered electric service for each unit, off-street parking along two street frontages, and a one-car garage. The active furnished rental operation may convey with a 3–6 month co-hosting transition. Located in the Near Northside/Fall Creek Place corridor, the property is occupied and shown by appointment.
Key Highlights
- 1913 Craftsman fourplex with four legal units
- Approximately 6,400 SF with 10 bedrooms
- Main floor and full basement operate as a Superhost‑rated Airbnb with booking history
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 46208, IN
23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four legal units combine furnished short-term lodging with an owner-occupied upper-floor suite.
Where is this quadplex located?
The property is located at 37 W Fall Creek Parkway South Drive Indianapolis, IN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1913 Craftsman fourplex with four legal units; Approximately 6,400 SF with 10 bedrooms; Main floor and full basement operate as a Superhost‑rated Airbnb with booking history
