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545 Fletcher Avenue

Indianapolis, IN 46203

PendingListed Jul 15, 2026 · 99 days on market

Key facts

Beds
4
Baths
3 full
Living area
2,719 sqft
Lot
0.12 acres
Year built
1900
Type
Residential · Single Family Residence
Stories
Two and a half
Garage
2 spaces
MLS #
22114368
County
Marion
Subdivision
Fletcher

About this home

Rare opportunity to own a turnkey luxury short-term rental property in the heart of Fletcher Place featuring two fully finished homes on one lot. The main residence offers 2,719 square feet of beautifully designed living space, while the separate carriage house adds an additional 1,351 square feet, creating over 4,000 square feet of combined living and guest accommodations. Currently operating as a successful Airbnb, this unique property offers exceptional flexibility for investors, owner-occupants, house hackers, or those seeking a high-demand hospitality asset near downtown Indianapolis. Designed with large groups and entertaining in mind, both homes feature stylish finishes, multiple gathering spaces, updated kitchens, and accommodations ideal for weekend visitors, corporate stays, sporting events, concerts, and convention traffic. The setup creates a rare opportunity to maximize guest capacity while offering privacy and comfort across two separate residences. Located just minutes from Lucas Oil Stadium, Gainbridge Fieldhouse, Fountain Square, and all that downtown Indianapolis has to offer, guests and owners alike enjoy walkable access to dining, nightlife, entertainment, and major event venues. The property has an established history as a professionally operated short-term rental with strong guest appeal and repeat demand. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a one-of-a-kind downtown property with built-in income potential, this is an opportunity that stands out in one of Indianapolis' most sought-after urban neighborhoods.

Description provided by the listing brokerage.

Interior

Appliances
Gas OvenGas Water Heater
Interior features
High CeilingsWood Work StainedEntrance Foyer
Other rooms and areas
Living Room Formal
Flooring
Hardwood
Basement
Unfinished
Fireplaces
1
Fireplace type
Family Room
Laundry
Upper Level
Rooms
16
Main-level bedrooms
1

Exterior

Patio and porch
Covered
Construction
Wood Siding
Foundation
Block
Style
Traditional
Parking and garage
Attached
Other equipment
Smoke Alarm

Systems

Heating
Forced AirNatural Gas
Water
Public

Lot and HOA

Lot features
SidewalksStorm SewerStreet LightsMature Trees

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$18,388 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$6,168per month, estimated
Principal and interest $4,335Property tax $1,532Insurance $301
20% · $172,000
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$860,000
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