Key facts
- Beds
- 3
- Baths
- 1 full
- Living area
- 1,135 sqft
- Lot
- 0.39 acres
- Year built
- 1937
- Type
- Residential · Single Family Residence
- Stories
- One
- MLS #
- 22132036
- County
- Marion
- Subdivision
- Somerset
About this home
Rare land opportunity in Indianapolis: a 0.39-acre lot at 2915 Villa Ave offering one of the largest, flattest, most buildable parcels you'll find this close to downtown! The existing structure has significant fire, roof, and structural damage and is best suited for demolition rather than renovation, making this a true land play. Much of the lot has already been cleared, and mature trees line the perimeter for natural privacy. With generous frontage and depth, the site may support subdivision into two lots or two separate dwellings, giving investors and builders flexibility for new construction, infill development, or a build-and-hold strategy (buyer to verify zoning, subdivision feasibility, and permitting with the City of Indianapolis). Opportunities to secure this much buildable land within city limits are increasingly hard to find. Property is sold strictly as-is. Do not enter the structure, as it is unsafe; walk the lot only. Bring your vision and your builder.
Description provided by the listing brokerage.
Interior
- Windows
- Rooms
- 5
- Main-level bedrooms
- 3
- Condition
Exterior
- Construction
- Foundation
- Style
- Fencing
Systems
- Water
- Utilities
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $3,616 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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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