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321 S Hamilton Avenue

Indianapolis, IN 46201

ActiveListed Jul 27, 2026 · 82 days on market

Key facts

Beds
3
Baths
1 full
Living area
1,296 sqft
Lot
0.1 acres
Year built
1921
Type
Residential · Single Family Residence
Stories
Two
Garage
1 space
MLS #
22116598
County
Marion
Subdivision
No Subdivision
Total building area
2,112 sqft

About this home

3-bedroom, 1-bathroom single-family home offering flexibility for both owner-occupants and investors. The home features two bedrooms on the main level, one bedroom upstairs, and a full bathroom on the upper level. A detached one-car garage with alley access provides convenient off-street parking and additional storage. Conveniently located less than two miles from Fountain Square, Fletcher Place, and Downtown Indianapolis, you'll enjoy quick access to dining, entertainment, shopping, and major employers. Recent improvements include a new roof with plywood, gutters, and downspouts installed in July 2026, a new furnace installed in November 2025, and a new water heater installed in April 2025. The property is currently occupied by a long-term tenant who has been in place since 2016. Current rent is below market, presenting an opportunity to increase rental income over time while also offering flexibility for a future owner-occupant. Address Note: Google Maps displays the address as 321 Hamilton Ave, while Apple Maps shows the correct address as 321 S Hamilton Ave.

Description provided by the listing brokerage.

Interior

Flooring
Hardwood
Rooms
7
Main-level bedrooms
2

Exterior

Patio and porch
Covered
Construction
Vinyl Siding
Foundation
Poured Concrete
Style
Traditional
Parking and garage
Detached

Systems

Heating
Natural Gas
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,426 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$714per month, estimated
Principal and interest $479Property tax $202Insurance $33
20% · $19,000
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$95,000
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