Skip to content

515 Terrace Avenue

Indianapolis, IN 46203

PendingListed Sep 22, 2026 · 7 days on market

Key facts

Beds
4
Baths
2 full
Living area
1,848 sqft
Lot
0.08 acres
Year built
1905
Type
Residential · Single Family Residence
Stories
Two
MLS #
22126287
County
Marion
Subdivision
No Subdivision
Total building area
2,772 sqft

About this home

This 1905 Indianapolis home is ready for someone with a vision to bring it back to life. Offering approximately 1,848 square feet across two stories, the property has plenty of space and character to work with, including hardwood flooring and a covered front porch. This is a true fixer-upper that will require renovation, but the bones and square footage provide a great starting point for your next project. Bring your contractor, your ideas, and your renovation plans-this one is ready for its next chapter. Property is being sold as-is

Description provided by the listing brokerage.

Interior

Appliances
Gas OvenRefrigerator
Flooring
Hardwood
Basement
Unfinished
Laundry
Connections All
Rooms
9
Main-level bedrooms
2

Exterior

Patio and porch
Covered
Construction
Vinyl Siding
Foundation
Block
Style
Traditional
Other equipment
Smoke Alarm

Systems

Heating
Forced AirGas
Cooling
Central Air
Water
Public

Lot and HOA

Lot features
City LotCurbsSidewalks

Schools

High school
Arsenal Technical High School
School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$3,388 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,091per month, estimated
Principal and interest $756Property tax $282Insurance $53
20% · $30,000
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.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$150,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.