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Downtown Carmel Multifamily Home for Sale

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    $1,400,000

    • 5 Beds
    • 3 Baths

    220 & 230 1st Ave SE, Carmel, IN 46032

    An incredible opportunity in the heart of Carmel's Arts & Design District! This unique offering includes two adjacent parcels - a beautifully updated 3-bedroom, 2-bath home and a charming 2-bedroom, 1-bath bungalow. Together, these properties provide endless possibilities: live in one and lease the other, create a multi-generational setup, or explore redevelopment potential in one of Carmel's

    Heather Carpenter Encore Sotheby's International

    220 & 230 1st Ave SE, Carmel, IN 46032

Why Live in Downtown Carmel

Downtown Carmel features a mix of single-family homes, townhouses, and contemporary two-story houses. Ranch-style homes from before the city's population boom are common, while townhouses and modern homes are increasingly prevalent. The neighborhood is known for its attractions, including the Arts & Design District, which hosts the Museum of Miniature Houses and various galleries, antique stores, and boutique shops. Meadowlark Park offers a state-of-the-art playground and a wheelchair-accessible fishing pier, while the Waterpark at Central Park provides summer fun with a climbing wall, pool, and waterslides. Indoor recreational options include the Carmel Racquet Club and the Carmel Ice Skadium. Dining options are diverse, with popular spots like 3UP, Bub’s Burger’s and Ice Cream, and Sun King Carmel. The Midtown Plaza area has transformed into a vibrant urban space with residential developments and various dining options. Downtown Carmel is safer than the national average and features unique transportation elements like the 27-mile Monon Trail and numerous roundabouts. Carmel-Clay Schools serve the area, with highly rated institutions such as Carmel Elementary, Carmel Middle, and Carmel High, which is noted for its strong athletic programs. Local events include summer concerts, CarmelFest, and the winter Christkindlmarkt, while the Palladium concert hall hosts high-profile performances.

Home Trends in Downtown Carmel, IN

Housing Trends

Median Sale Price
$405,000
Median Single Family Sale Price
$417,500
Median Townhouse Sale Price
$575,000
Median 2 Bedroom Sale Price
$289,000
Median 1 Bedroom Sale Price
$221,500
Average Price Per Sq Ft
$251
Number of Homes for Sale
78
Last 12 months Home Sales
374
Months of Supply
2.50
Median List Price
$425,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
5%
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