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Indianapolis, IN, 46203 • Near Southeast • Marion County
$159/sqft
Down payment assistance available
1Beds
1Baths
440Sqft
0.14 acLot
1942Built
Bungalow Style
Built 1942 · 84 years of history
No Subdivision
Near Southeast
Outdoor Living
Covered
This home is getting attention
Listed 15 days ago · 495 views · 15 saves
Demand and pricing signals for this listing
495 views
People checking out this listing
15 saves
Buyers have saved this home
15 days on market
Recently listed
$159/sqft
Price per square foot
This home ranks in the top 48% of listings most likely to go under contract soon, based on market activity and demand signals.
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Single Family · Built 1942
This property is a high-yield play for those who understand the value of density and creative site planning. The existing home sits at the rear of the lot, already taken down to the studs, saving significant time and cost on demolition. The expansive front portion of the lot provides ample buildable area for a larger primary residence or multifamily property. Benefit from established utility connections already on-site, streamlining the development process compared to a raw land purchase. Located in a neighborhood with steady growth, this is a perfect "buy and build" strategy. You can finish the rear house first to generate immediate rental income (estimated at $800/month) or live on-site while you manage the construction of a new home in the front.Whether you are looking to create a multi-unit compound or a custom primary residence with a detached guest house, the potential here is limited only by your vision!
Based on current rates
Est. 6.75% rate · 30yr fixed · $56,000 loan
Full calculator →Key facts and listing details
7 categories of property features
3 rooms detailed
Master Bedroom
MainKitchen
MainLiving Room
MainMarket data and value estimates
3 schools rated nearby
Indianapolis, IN, 46203
1 event
16 years of records
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Nearby cities
Nearby zip codes
Based on information submitted to the MLS GRID as of 2026-04-08 10:53:03 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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