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2915 Villa Avenue

Indianapolis, IN 46203

PendingListed Oct 17, 2026 · 4 days on market

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
Vinyl Windows
Rooms
5
Main-level bedrooms
3
Condition
Fixer

Exterior

Construction
Vinyl Siding
Foundation
Crawl Space
Style
Ranch
Fencing
Partial

Systems

Water
Public
Utilities
Cable AvailableElectricity ConnectedNatural Gas AvailableSewer ConnectedWater Connected

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

$544per month, estimated
Principal and interest $227Property tax $301Insurance $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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