$369,000
29 E Palmer Street
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.
GPS Friendly
Breakfast Bar, Dishwasher, Gas Oven, Refrigerator, Electricity Connected, Sewer Connected, Water Connected
Map to 29 E Palmer Street, Indianapolis, IN 46225
MLS #
22070271
Date Listed
2025-11-05
Status
Active
Property Type
Residential
Property SubType
Single Family Residence
Square Feet
2520 sqft
New Construction
No
Style
Contemporary, Ranch
Type
Single Family Residence
Basement
Unfinished
Bedrooms
5
Bathrooms
4
(3 Full, 1 Half)
Year Taxes Payable
2024
Year Built
1890
Days on Market
31
Additional
Design
Contemporary, Ranch
Cooling
Central Air
Heating
Forced Air, Natural Gas
Garage
Yes
External Features
Construction
Single Family Residence
Lot Size
7,318 sq ft
Acreage
0.17 Acres
Sewer
Municipal Sewer Connected
Water
Public
Fence
None
Location
Area
Marion
County
Marion
Subdivision
James Franks S Meridian Street Add
Township
Center
City
Indianapolis
State
IN
Zip
46225
Schools
School District
Indianapolis Public Schools
Financial
Assoc. Dues
$0.00
| MLS # | 22070271 |
|---|---|
| Date Listed | 2025-11-05 |
| Status | Active |
| Property Type | Residential |
| Property SubType | Single Family Residence |
| Square Feet | 2520 sqft |
| New Construction | No |
| Style | Contemporary, Ranch |
| Type | Single Family Residence |
| Basement | Unfinished |
| Bedrooms | 5 |
| Bathrooms | 4 (3 Full, 1 Half) |
| Year Taxes Payable | 2024 |
| Year Built | 1890 |
| Days on Market | 31 |
| Design | Contemporary, Ranch |
|---|---|
| Cooling | Central Air |
| Heating | Forced Air, Natural Gas |
| Garage | Yes |
| Construction | Single Family Residence |
|---|---|
| Lot Size | 7,318 sq ft |
| Acreage | 0.17 Acres |
| Sewer | Municipal Sewer Connected |
| Water | Public |
| Fence | None |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | James Franks S Meridian Street Add |
| Township | Center |
| City | Indianapolis |
| State | IN |
| Zip | 46225 |
| School District | Indianapolis Public Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22070271
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Gabriela Gonzalez
Highgarden Real Estate
ggonzalez@highgarden.com
Listing updated November 12, 2025 at 4:25 pm
Last checked 11 minutes ago
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