What to know about this one.
CALLING ALL FLIPPERS! $250K ARV! SOLID MECHANICALS! Check out this incredible as-is opportunity on the near south side - just blocks from Garfield Park and under a mile from the restaurants, coffee shops, and nightlife of Fountain Square, including HI-FI Indy, Helm Coffee, and Bovaconti Coffee! This 3-bedroom, 2-bathroom home is a prior renovation that was started but never completed, giving the next owner a head start and a clear path to finish the home to their own taste, budget, and exit strategy. A recent trash-out and fresh landscaping have the property clean and easy to walk. Priced well below the neighborhood's renovated comps at $179,900, the numbers leave real room for a rehabber, house hacker, or sweat-equity buyer to build value fast in one of Indy's fastest-appreciating pockets. Sold strictly as-is - seller will make no repairs. Enjoy Ringgold Park just 0.4 miles away, Garfield Park's 136 acres, pools, and conservatory 0.6 miles away, and quick access to downtown Indianapolis. Opportunities at this price point in this location don't last - bring your vision and schedule your showing today!
Amenities
Property details
- Property type
- Single Family Residence
- Year built
- 1920
- Lot size
- 0.08 ac
- Stories
- Two
- County
- Marion
- MLS #
- MBR22117335
Features
- Appliances
- Dishwasher
- MicroHood
- Microwave
- Electric Oven
- Electric Water Heater
- Interior
- Breakfast Bar
- Paddle Fan
- Smart Thermostat
- Heating
- Forced Air
- Electric
- Cooling
- Central Air
- Basement
- Cellar
- Unfinished
Estimate your monthly payment
- P&I $856
- Property tax $394
- Insurance $59
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 trust1849 Applegate Street
Indianapolis, IN 46203