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1303 E Castle Avenue

Indianapolis, IN 46227

ActiveListed Jul 23, 2026 · 3 days on market

Key facts

Beds
2
Baths
1 full
Living area
814 sqft
Lot
0.34 acres
Year built
1930
Type
Residential · Single Family Residence
Stories
One
Garage
1 space
MLS #
22115849
County
Marion
Subdivision
Elders University Heights
Total building area
1,628 sqft

About this home

Super cute and full of possibilities, this beautifully updated home near the University of Indianapolis offers a unique opportunity for flexible living. The main home has been refreshed with newer flooring and paint, creating a bright, welcoming feel that is move-in ready from day one. What truly sets this property apart is the converted detached garage. It could be used as a rental opportunity, private guest space, home office, studio, or separate living quarters for a college student, parent, or extended family member. Whether you are looking to offset your mortgage with rental income or simply enjoy the convenience of multi-generational living, this property offers incredible versatility. Located just minutes from the University of Indianapolis, this charming home combines character, updates, and opportunity in one special package.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDisposalGas Water HeaterMicrowaveElectric OvenRefrigerator
Interior features
Pantry
Fireplaces
1
Fireplace type
Wood Burning
Laundry
In Unit
Rooms
6
Main-level bedrooms
2

Exterior

Construction
Vinyl Siding
Foundation
Block
Style
Bungalow
Parking and garage
DetachedGravel
Fencing
Chain LinkFence Complete

Systems

Heating
Natural Gas
Cooling
Central Air
Water
Public

Schools

Elementary school
Emma Donnan Elementary and Middle
School district
Adelante Schools

Taxes

Estimated annual tax
$4,318 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,433per month, estimated
Principal and interest $1,003Property tax $360Insurance $70
20% · $39,800
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$199,000
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