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Carmel, IN 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 Carmel

Carmel, located in Hamilton County, Indiana, is a city of approximately 102,000 residents known for its Old World charm and safety. The downtown area features narrow streets, flowerpot-adorned streetlights, and sidewalk cafes, creating a European ambiance. Carmel is recognized for its low crime rates, with violent crime and property crime significantly below the national average. The city boasts a mix of urban and suburban neighborhoods, with older areas featuring mid-century ranch homes and newer subdivisions showcasing contemporary Farmhouse, American Standard, and Craftsman styles. Townhomes and condos are prevalent near the urban core. Carmel is home to the highly rated Carmel Clay School system, serving around 16,000 students across 15 schools, including Carmel High School, which is noted for its high graduation rate and successful athletic and media programs. The city offers numerous attractions, including the Monon Trail, a 27-mile path that connects residents to shops, parks, and restaurants. Carmel Clay Parks and Recreation manages over 700 acres of parkland, with highlights such as River Heritage Park and The Waterpark. The city hosts various events like CarmelFest, the Art of Wine festival, and the Carmel Christkindlmarkt. Shopping centers such as Carmel City Center and Clay Terrace provide diverse retail and dining options. Carmel’s unique roundabout-based street system enhances traffic safety and aesthetics, and while the city is car-dependent, it is recognized as a Silver Level Bicycle Friendly City. Located 23 miles from Downtown Indianapolis and 31 miles from Indianapolis International Airport, Carmel combines the benefits of a big city with the welcoming atmosphere of a smaller town.

Home Trends in Carmel, IN

Housing Trends

Median Sale Price
$550,000
Median Single Family Sale Price
$595,000
Median Townhouse Sale Price
$428,000
Median 2 Bedroom Sale Price
$252,000
Median 1 Bedroom Sale Price
$185,000
Average Price Per Sq Ft
$213
Number of Homes for Sale
224
Last 12 months Home Sales
1,516
Months of Supply
1.80
Median List Price
$557,239
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%
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