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243 Iowa Street

Indianapolis, IN 46225

ActiveListed Aug 11, 2026 · 71 days on market

Key facts

Beds
3
Baths
2 full
Living area
1,763 sqft
Lot
0.1 acres
Year built
1895
Type
Residential · Single Family Residence
Stories
Two
Garage
1 space
MLS #
22118595
County
Marion
Subdivision
No Subdivision
Total building area
1,891 sqft

About this home

PRICE IMPROVED!! Fully renovated from the studs up and move-in ready in the heart of desirable Bates-Hendricks! This impressive 3BR/2BA, 1,763 sq ft two-story home was completely rebuilt over the past year and sits on a street experiencing tremendous redevelopment, with numerous new builds-including several next door and directly across the street. Inside, the open-concept main level features high ceilings, LVP flooring, and a stylish kitchen with dark cabinetry, white quartz countertops, tiled backsplash, and center island. The main-level primary suite offers an updated ensuite bath and sliding glass door leading directly to the covered rear patio, while a separate laundry room adds convenience. Both bathrooms are beautifully finished with oversized tiled showers and striking black and gold hardware. Upstairs are two additional bedrooms plus a versatile open loft/flex space. Outside, enjoy a covered front porch, flat cleared lot, covered rear patio, and brand-new 1-car garage. For investors, Bates-Hendricks supports virtually every strategy, and this property is well suited for either long- or short-term rental use, with its size and layout offering particularly strong STR potential. With the extensive renovation already complete and virtually everything new, ownership should also benefit from substantially reduced near-term CapEx, maintenance, and repair exposure. Minutes from Fountain Square, Fletcher Place, and downtown Indy, this is an outstanding turnkey opportunity for either an owner-occupant or investor!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDisposalMicroHoodElectric OvenRefrigerator
Interior features
High Ceilings
Kitchen
Kitchen Updated
Other rooms and areas
Bedroom Other on Main
Basement
Cellar
Laundry
Connections AllMain Level
Rooms
8
Main-level bedrooms
1
Condition
Updated/Remodeled

Exterior

Patio and porch
Covered
Construction
Vinyl With Brick
Foundation
Cellar
Style
Traditional
Parking and garage
Detached
Fencing
PartialPrivacy

Systems

Heating
Forced Air
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,682 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,679per month, estimated
Principal and interest $1,361Property tax $224Insurance $95
20% · $54,000
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$270,000
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