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1415 E Castle Avenue

Indianapolis, IN 46227

ActiveListed Oct 8, 2026 · 13 days on market

Key facts

Beds
5
Baths
2 full
Living area
2,550 sqft
Lot
0.03 acres
Year built
1925
Type
Residential · Single Family Residence
Stories
One and one half
Garage
2 spaces
MLS #
22128046
County
Marion
Subdivision
University Heights

About this home

Welcome home to this beautifully renovated 5-bedroom residence, updated from top to bottom for modern comfort, efficiency, and worry-free living! Improvements include a new roof, windows, and appliance package, plus countless additional upgrades! See agent remarks for details. The fully finished basement features a second kitchen and bar, perfect for entertaining or additional living space, and is professionally waterproofed with a warranty. Outside, enjoy a new deck, privacy fence, and mature shade trees-the perfect setting for your own private oasis! Ideal as a personal residence or investment property, this home boasts an impressive 22-year rental history with zero vacancy, most recently renting for $2,500/month before renovation. Located directly across from the University of Indianapolis, with nearby campus police presence and convenient access to I-65 and Downtown Indianapolis. Seller is providing a home warranty and is willing to consider an interest rate buydown for the buyer. Don't miss this move-in-ready opportunity!

Description provided by the listing brokerage.

Interior

Appliances
DryerElectric Water HeaterDisposalElectric OvenRefrigeratorBar FridgeWasher
Interior features
Attic AccessBuilt-in Features
Basement
DaylightEgress Window(s)FinishedFinished CeilingFinished WallsFull
Windows
Vinyl Windows
Rooms
12
Main-level bedrooms
3

Exterior

Patio and porch
Deck
Construction
Brick
Foundation
Block
Style
Traditional
Parking and garage
Detached

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Private

Schools

School district
Perry Township Schools

Taxes

Estimated annual tax
$108 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,572per month, estimated
Principal and interest $1,461Property tax $9Insurance $101
20% · $57,980
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$289,900
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