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511 N Gray Street

Indianapolis, IN 46201

ActiveListed Aug 25, 2026 · 2 days on market

Key facts

Beds
3
Baths
1 full
Living area
1,224 sqft
Lot
0.06 acres
Year built
1910
Type
Residential · Single Family Residence
Stories
One and one half
MLS #
22117943
County
Marion
Subdivision
Hoffmans E Mich St
Total building area
1,842 sqft

About this home

A 3-bedroom home in Marion County offering an opportunity to bring your vision to life. This property needs repairs and updates, making it a great option for those looking to create a home in their own personal style. Conveniently located on the Near Eastside of Indianapolis, with easy access to local shops, restaurants, schools, and downtown Indianapolis. A property full of potential and ready for a new owner's ideas.

Description provided by the listing brokerage.

Interior

Interior features
Eat-in Kitchen
Basement
Storage SpaceUnfinished
Rooms
6
Main-level bedrooms
1
Condition
Fixer

Exterior

Patio and porch
Covered
Construction
Wood Siding
Foundation
Block
Style
Traditional
Parking and garage
Alley Access
View
NeighborhoodTrees/Woods

Systems

Water
Public
Utilities
Electricity ConnectedNatural Gas AvailableSewer ConnectedWater Connected

Lot and HOA

Lot features
AccessSidewalksMature Trees

Schools

High school
Arsenal Technical High School
School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$5,248 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$680per month, estimated
Principal and interest $227Property tax $437Insurance $16
20% · $9,000
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$45,000
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