For Sale13d on marketHistoric · 126 yrs
1701 Fletcher Ave
Indianapolis, IN, 46203 • Fountain Square • Marion County
$334,900
Down payment assistance available
6Beds
3Baths
0.09 acLot
1900Built
Property DNA
Traditional Style
Built 1900 · 126 years of history
Caven & Rockwood
Fountain Square
This home is getting attention
Listed 13 days ago · 1,048 views · 73 saves
Market activity
Demand and pricing signals for this listing
1,048 views
People checking out this listing
73 saves
Buyers have saved this home
13 days on market
Recently listed
Selling Soon Prediction
ModerateThis home ranks in the top 31% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1900 · Historic
Nestled in the thriving heart of Fountain Square, this fully renovated triplex at 1701 Fletcher Avenue is a rare investment opportunity you don't want to miss. Located just moments from the vibrant Fountain Square district, this property offers the perfect blend of justified urban rents and long-term growth potential. Each of the three units has been recently updated (2018-2019), making this a true turnkey investment. Whether you're looking to expand your portfolio or start fresh in real estate investing, the cash flow potential is here. With Fountain Square continuing to grow as one of the city's most desirable neighborhoods which should afford continued rent and value appreciation with an already 7% cap rate, which is excellent for a prime area. Don't let this opportunity slip away-multi family in prime locations like this are few and far between!
Estimated monthly payment
Based on current rates
$2,098/month
Principal & Interest$1,651
Property Tax$335
Insurance$112
Down payment20% ($66,980)
3%50%
Est. 6.26% rate · 30yr fixed · $267,920 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Triplex
Year Built1900
HeatingBaseboard, Forced Air
CoolingWindow Unit(s)
Parking3 Carport spaces
Days on Zillow13 Days
Property
Home typeMulti Family
Sub-typeMulti Family, Triplex
StyleTraditional
Year built1900
Stories2
Systems
HeatingBaseboard, Forced Air
CoolingWindow Unit(s)
RoofAsphalt
Parking & Outdoor
ParkingAlley Access, Common, Aggregate
BasementPartial,Unfinished
Lot3,920 sqft
Location & Tax
NeighborhoodFountain Square
ZoningResidental
Annual tax$6,732
Parcel491007120029000101
Features & details
4 categories of property features
Interior Features
Heating
Baseboard
Forced Air
Cooling
Window Unit(s)
Laundry
Common Laundry
Exterior Features
Parking
Alley Access
Common
Aggregate
Listing insights
Market data and value estimates
StatusFor Sale
Days on market13
Est. value$325,600
Est. rent$1,126/mo
Tax rate0.96%
On marketMar 26, 2026
PostedMar 26, 2026
Last sold$271,420
MLS statusActive
MLS updatedMar 26, 2026
Tour days9
Views1,048
Favorites73
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46203
Price history
16 events
DateEventPrice$/sqftSource
Mar 26, 2026Listed For Sale$334,900—MIBOR as distributed by MLS GRID
Feb 3, 2026Listing Removed$870—Zillow Rentals
Oct 23, 2025Price Change$870—Zillow Rentals
Oct 1, 2025Price Change$895—Zillow Rentals
Sep 8, 2025Listed For Rent$950—Zillow Rentals
Aug 23, 2023Sold$271,420—MIBOR as distributed by MLS GRID
Jul 17, 2023Pending Sale$295,000—MIBOR as distributed by MLS GRID
Jul 7, 2023Listed For Sale$295,000—MIBOR as distributed by MLS GRID
Sep 10, 2020Sold$175,000—MIBOR as distributed by MLS GRID
Jul 30, 2020Pending Sale$200,000—FS Houses LLC
Jul 30, 2020Listed For Sale$200,000—FS Houses LLC
Jan 16, 2018Listing Removed$695—Lease 317
Jan 12, 2018Listed For Rent$695—Lease 317
Aug 17, 2017Sold$99,000—Public Record
Sep 30, 2014Sold$24,500—MIBOR as distributed by MLS GRID
Aug 29, 2003Sold$11,000—Agent Provided
Listed For Sale$334,900
Mar 26, 2026•MIBOR as distributed by MLS GRID
Listing Removed$870
Feb 3, 2026•Zillow Rentals
Price Change$870
Oct 23, 2025•Zillow Rentals
Price Change$895
Oct 1, 2025•Zillow Rentals
Listed For Rent$950
Sep 8, 2025•Zillow Rentals
Sold$271,420
Aug 23, 2023•MIBOR as distributed by MLS GRID
Pending Sale$295,000
Jul 17, 2023•MIBOR as distributed by MLS GRID
Listed For Sale$295,000
Jul 7, 2023•MIBOR as distributed by MLS GRID
Sold$175,000
Sep 10, 2020•MIBOR as distributed by MLS GRID
Pending Sale$200,000
Jul 30, 2020•FS Houses LLC
Listed For Sale$200,000
Jul 30, 2020•FS Houses LLC
Listing Removed$695
Jan 16, 2018•Lease 317
Listed For Rent$695
Jan 12, 2018•Lease 317
Sold$99,000
Aug 17, 2017•Public Record
Sold$24,500
Sep 30, 2014•MIBOR as distributed by MLS GRID
Sold$11,000
Aug 29, 2003•Agent Provided
Tax history
17 years of records
YearTax paidAssessed value
Apr 8, 2024$5,363$257,800
Apr 8, 2023$4,979$226,100
Apr 8, 2022$4,390$210,900
Apr 8, 2021$2,313$190,300
Apr 8, 2020$2,842$99,900
Apr 8, 2019$2,609$120,400
Apr 8, 2018$1,758$109,500
Apr 8, 2017$1,643$78,300
Apr 8, 2016$1,681$72,400
Apr 8, 2014$1,334$61,700
Apr 8, 2013$1,312$56,300
Apr 8, 2012$1,312$58,500
Apr 8, 2011—$58,800
Apr 8, 2010$1,222$58,800
Apr 8, 2009$1,134$53,200
Apr 8, 2007—$54,700
Apr 8, 2003—$38,800
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-08 16:13:03 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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