What to know about this one.
Priced to sell! Welcome to 1531 N Downey Ave, a solid all-brick home offering an exceptional opportunity to build equity in one of Indianapolis' growing east-side neighborhoods. Conveniently located just minutes from Community Hospital East, Irvington, shopping, dining, and commuter routes, this home is ideal for buyers looking for space, value, and long-term potential. This 4-bedroom, 2-bathroom home also features an additional bedroom in the basement, providing flexibility for a growing family, home office, guest suite, or rental opportunity. The main level offers a spacious living room with a wood-burning fireplace, while the kitchen is equipped with granite countertops, stainless steel appliances, a wine cooler, and an included washer and dryer. Downstairs, the partially finished basement adds substantial square footage and includes a full bathroom, offering incredible potential to expand the finished living space and further increase the home's value. Whether you're an owner-occupant looking to personalize your next home or an investor seeking a value-add opportunity, this property offers multiple paths to success. With great bones, a desirable brick exterior, and room to add your own finishing touches, 1531 N Downey Ave is your chance to walk into significant equity at an attractive price. Don't miss this opportunity to unlock this home's full potential.
Amenities
Property details
- Property type
- Single Family Residence
- Year built
- 1955
- Lot size
- 0.16 ac
- Garage
- 2 spaces
- Stories
- One
- Fireplaces
- 2
- County
- Marion
- MLS #
- MBR22118137
Features
- Appliances
- Dishwasher
- Microwave
- Electric Oven
- Refrigerator
- Gas Water Heater
- Interior
- Attic Access
- Built-in Features
- Paddle Fan
- Heating
- Forced Air
- Natural Gas
- Cooling
- Central Air
- Basement
- Finished Walls
- Partially Finished
Estimate your monthly payment
- P&I $1,033
- Property tax $494
- Insurance $72
Estimates only, not a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
Talk to a lender we trust1531 N Downey Avenue
Indianapolis, IN 46219