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$369,000 -

29 E Palmer Street Indianapolis IN 46225

5
Bedrooms
Baths
N/A
SQ. Feet
(Above Ground)
0.17
Acres

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.

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Property Details

Price: $369,000 Previously: $369,000 Originally: $369,000 Bedrooms: 5 Bathrooms: 3.50 MLS #: 22070271 Year Built: 1890 Township: Center Sq. Ft Total: 2,520 Type: Residential Zip Code: 46225 City: Indianapolis Subdivision: James Franks S Meridian Street Add County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Appliances: Dishwasher, Gas Oven, Refrigerator
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • # Acres: 0.17

Listing Office: Highgarden Real Estate

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on January 10th, 2026 at 7:10pm EST.

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