Key facts
- Beds
- 2
- Baths
- 4 full
- Living area
- 3,949 sqft
- Lot
- 0.26 acres
- Year built
- 1936
- Type
- Residential · Single Family Residence
- Stories
- Two
- MLS #
- 22107644
- County
- Marion
- Subdivision
- Homedell
- Total building area
- 4,411 sqft
About this home
Property Highlights: Asking Price: $449,000 Location: 501 E. Markwood Ave, Indianapolis, IN Commercial Zoning with redevelopment and mixed-use potential Income-producing apartment building 12 asphalt parking spaces providing ample on-site parking for tenants and visitors Convenient access to major highways, downtown Indianapolis, shopping, restaurants, and public transportation Strong opportunity for investors seeking stable cash flow and long-term appreciation This property is ideal for investors looking to add a versatile, income-generating asset to their portfolio while benefiting from the flexibility of commercial zoning and generous on-site parking. Don't miss this opportunity to invest in one of Indianapolis' growing neighborhoods.
Description provided by the listing brokerage.
Interior
- Appliances
- Flooring
- Fireplaces
- 1
- Fireplace type
- Rooms
- 4
- Main-level bedrooms
- 1
Exterior
- Construction
- Foundation
- Style
Systems
- Heating
- Cooling
- Water
Schools
- School district
- Perry Township Schools
Taxes
- Estimated annual tax
- $5,852 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2024
Estimate your monthly payment
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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