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550 Sutherland Avenue

Indianapolis, IN 46205

PendingListed Apr 22, 2026 · 21 days on market

Key facts

Beds
4
Baths
3 full · 1 half
Living area
3,368 sqft
Lot
0.33 acres
Year built
1955
Type
Residential · Single Family Residence
Stories
Tri-level
MLS #
22096871
County
Marion
Subdivision
No Subdivision
Total building area
3,618 sqft

About this home

Investors or Renovation Loan Buyers, don't miss this property. This home boasts .33 acres with views of Fall Creek. One of the bigger lots in this close of proximity to downtown, this home has room to build a garage, and/or carriage home. Renovation was started, but due to life changes, Seller has decided to unload. ARV Comps are GREAT, leaving you with tons of potential for profit or equity. One of the bigger homes, and bigger lots, with all the dirty work mostly done, don't miss this opportunity to swoop in and make this home yours. Siding has been completed, it's down to the studs, plumbing, electrical, HVAC, and framing almost finished. Come add your touches before drywall and finishes. Plans attached for your reference.

Description provided by the listing brokerage.

Interior

Interior features
PantryWalk-In Closet(s)
Windows
Vinyl Windows
Rooms
9
Condition
FixerUnder Construction

Exterior

Construction
Cement Siding
Foundation
Brick/MortarCellar
Style
Split Level
View
Creek/Stream
Waterfront
Water View

Systems

Heating
Forced Air
Water
Public

Lot and HOA

Lot features
SidewalksMature Trees

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$440 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,727per month, estimated
Principal and interest $2,515Property tax $37Insurance $175
20% · $99,800
6.47%
Loan type
Loan term

Estimates only. This calculator does not give 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.

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Listed at$499,000
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