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1425 Terrace Avenue

Indianapolis, IN 46203

ActiveListed Oct 29, 2026 · 2 days on market

Key facts

Beds
2
Baths
1 full
Living area
888 sqft
Lot
0.09 acres
Year built
1885
Type
Residential · Single Family Residence
Stories
One
Garage
1 space
MLS #
22134123
County
Marion
Subdivision
Fountain Square

About this home

Let's get to know your next FABULOUS project ... 1425 Terrace Ave ... She's a 2 bedroom cutie in the Fountain Square neighborhood; and, yes, she needs a lot of love; but her bones appear to be solid & her location supports an overhaul (the neighbors think she's long overdue for a glow up - check out the recent sales data on the street - this girl is way behind the times). Fountain Square is one of the coolest pockets in Indy, just minutes from restaurants, coffee shops, breweries, live music & duckpin bowling. Getting into the City's Center is an easy trip, so dinner or a show or a game is never a big production from here. People want to be in this part of town, & she puts you right in the mix. So what would be your plan? She'll make a great long-term rental for a buy & hold strategy, or you could fix & flip her & let the neighborhood do the selling for you. Perhaps you're looking for your own little hideaway near the action, or even to host an Airbnb that others will enjoy while lining your pockets? Whatever your plan, the location is already handled & you'll get to focus on bringing her back to life. She is absolutely priced to sell this week, so seriously call your contractor & your imagination & get in there ASAP. She is being sold as-is where-is, exactly in the condition she's in. No inspection contingencies or as is addendums will be considered, as NO OFFERS WILL BE REVIEWED BEFORE 4PM ON 11/6/2026, SPECIFICALLY TO ALLOW TIME FOR ALL INTERESTED PARTIES TO COMPLETE DUE DILIGENCE BEFORE SUBMITTING AN INFORMED *AS IS* OFFER.

Description provided by the listing brokerage.

Interior

Appliances
Gas Water Heater
Interior features
Attic AccessHi-Speed Internet AvailblEat-in KitchenWood Work Painted
Other rooms and areas
Bedroom Other on MainLaundry in UnitLiving Room FormalUtility Room
Basement
Cellar
Laundry
Connections All
Windows
Screens
Rooms
5
Main-level bedrooms
2
Condition
Fixer

Exterior

Exterior features
Fire Pit
Patio and porch
Covered
Construction
Vinyl Siding
Foundation
Block
Style
BungalowTraditional
Parking and garage
Alley AccessDetachedGarage Faces Rear
Fencing
Full

Systems

Heating
Forced AirNatural Gas
Water
Public
Utilities
Electricity ConnectedNatural Gas ConnectedWater ConnectedSewer Connected

Lot and HOA

Lot features
City LotCurbsSidewalksStorm SewerStreet Lights

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,962 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Price history

Every listing, price change and sale we have on record for this home.

DateEventPrice$/sq ft
Listed for sale$99,000$111 / sq ft

Properties displayed may be listed or sold by various participants in the MLS.

Information deemed reliable but is not guaranteed accurate.

© 2026 MIBOR REALTOR® Association

Based on information submitted to the Broker Listing Cooperative listing service as of October 30, 2026

Estimate your monthly payment

$697per month, estimated
Principal and interest $499Property tax $164Insurance $35
20% · $19,800
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
Address
1425 Terrace Avenue, Indianapolis, IN 46203
County
Marion
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Listed at$99,000
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