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838 Doctor M.L.K. Jr Street

Indianapolis, IN 46202

ActiveListed Jun 29, 2026 · 3 days on market

Key facts

Beds
4
Baths
4 full
Living area
2,468 sqft
Lot
0.09 acres
Year built
1910
Type
Residential · Single Family Residence
Stories
Two
MLS #
22111117
County
Marion
Subdivision
Wm Y Wileys
Total building area
2,668 sqft

About this home

Great investment opportunity in Historic Ransom Place, adjacent to the IU Indianapolis campus. This spacious four-bedroom home is being sold as is with immediate possession, a rare chance to add value in one of downtown's most historic neighborhoods. Hardwood flooring runs throughout the main and upper levels, and both the roof and water heater were replaced in 2025. The main level offers two bedrooms, an office, and multiple living areas, with a full bathroom on this floor and another full bathroom upstairs. The home also includes three additional rooms, each fitted with a bathtub and toilet (sinks located just outside), making the property well suited to multi occupancy, rental, or shared student housing right next to campus. Upstairs, a large bedroom and two bonus rooms could be combined into a primary suite or used as office, studio, or guest space. This home is being sold as-is. Walk to the Canal Walk and downtown Indianapolis, with easy access to I-65 and I-70.

Description provided by the listing brokerage.

Interior

Appliances
Gas OvenRefrigeratorGas Water Heater
Kitchen
Kitchen Galley
Other rooms and areas
Bedroom Other on Main
Flooring
Hardwood
Basement
CellarUnfinished
Laundry
Main Level
Windows
Vinyl Windows
Rooms
10
Main-level bedrooms
2

Exterior

Patio and porch
DeckCovered
Construction
Wood Siding
Foundation
Brick/Mortar
Parking and garage
Gravel
Other equipment
Smoke Alarm

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public
Utilities
Cable ConnectedNatural Gas Connected

Lot and HOA

Lot features
SidewalksStorm SewerStreet LightsMature Trees

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$3,510 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,667per month, estimated
Principal and interest $1,285Property tax $293Insurance $89
20% · $51,000
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$255,000
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