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2431 Central Avenue

Indianapolis, IN 46205

PendingListed May 3, 2026 · 12 days on market

Key facts

Baths
3 half
Living area
3,392 sqft
Lot
0.33 acres
Year built
1999
Type
Residential · Single Family Residence
Stories
One
MLS #
22099569
County
Marion
Subdivision
Trimpes Forest Brook

About this home

Rare redevelopment opportunity in a prime Near Northside location at Fall Creek Place. This property offers multiple value-add strategies, including potential conversion of the existing church structure into a unique residential space or redevelopment of the site. With sufficient lot size to support a possible split since was previously 2 lots, investors may explore building two new construction homes (subject to zoning and approvals). Ideal for builders, developers, or visionaries looking to capitalize on continued growth just minutes from downtown Indianapolis. Currently houses are selling from approximately $500-800,000.

Description provided by the listing brokerage.

Interior

Interior features
Cathedral Ceiling(s)
Accessibility
Hallway - 36 Inch WideAccessible DoorsAccessible Entrance
Rooms
8
Condition
Updated/Remodeled

Exterior

Construction
Brick
Foundation
Slab
Style
Ranch
Parking and garage
Valet

Systems

Heating
Natural Gas
Cooling
Central Air
Water
Public

Lot and HOA

Lot features
City LotCurbsNot In Subdivision

Schools

School district
Indianapolis Public Schools

Taxes

Tax year
2024

Estimate your monthly payment

$2,490per month, estimated
Principal and interest $2,016Property tax $333Insurance $140
20% · $80,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax at 1.0% of price (Indiana homestead-capped at 1%), 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$400,000
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