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923 S State Avenue

Indianapolis, IN 46203

ActiveListed May 4, 2026 · 163 days on market

Key facts

Beds
3
Baths
1 full · 1 half
Living area
1,638 sqft
Lot
0.05 acres
Year built
2016
Type
Residential · Single Family Residence
Stories
Multi/split
Garage
1 space
MLS #
22100162
County
Marion
Subdivision
Fountain Square

About this home

Located in the heart of Fountain Square, one of Indianapolis's most sought-after and vibrant neighborhoods, this charming 3-bedroom, 1.5-bath multi-level traditional American town home offers the perfect blend of character, convenience, and income potential. Step inside to discover a warm and inviting layout designed for both everyday living and entertaining. The home features boutique-style finishes that elevate its appeal, while the multi-level design provides functional separation of space. Outside, enjoy a fully fenced rear yard with privacy fencing-ideal for gatherings, pets, or simply relaxing-complete with a cozy patio space. A one-car garage adds additional convenience and storage. What truly sets this property apart is its proven performance as a short-term rental. Current ownership has demonstrated strong Airbnb income potential, making this an exceptional opportunity for investors or those seeking supplemental income. Situated just minutes from downtown, you'll enjoy easy access to major highways, local hotspots, dining, nightlife, and entertainment. Whether you're exploring the eclectic charm of Fountain Square or heading into downtown Indianapolis for work or play, this location delivers unmatched accessibility and lifestyle appeal. Don't miss your chance to own a home that offers not just a place to live-but a smart investment in one of Indianapolis' most dynamic communities.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerMicroHoodElectric OvenRefrigeratorWasherMicrowave
Interior features
High CeilingsWood Work Painted
Kitchen
Kitchen Some Updates
Other rooms and areas
Laundry in Unit
Fireplaces
1
Fireplace type
Living Room
Laundry
Connections AllUpper Level
Security
Smoke Detector(s)
Rooms
6
Condition
Updated/Remodeled

Exterior

Exterior features
LightingSmart Lock(s)
Patio and porch
CoveredPatio
Construction
Vinyl Siding
Foundation
Crawl Space
Style
Split LevelTraditional
Parking and garage
Detached
Fencing
FullPrivacy
View
CityNeighborhood

Systems

Heating
Forced AirGas
Cooling
Central Air
Water
Public
Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Community
Street LightsSidewalksSuburban

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$6,272 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,924per month, estimated
Principal and interest $1,310Property tax $523Insurance $91
20% · $51,980
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$259,900
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