6

Fountain Square Multifamily Homes & Duplexes for Sale

Section Image
  • /15

    $425,000

    • 3 Beds
    • 2 Baths

    1125 Trowbridge St, Indianapolis, IN 46203

    INVESTOR ALERT!! Presenting New Construction Multi-Family located in one of Indianapolis' rapidly appreciating neighborhoods - FOUNTAIN SQUARE! This vertical duplex or 'Multi-Unit Home' is ideal for both seasoned and first-time investors seeking strong rental income and long-term equity growth. This Professionally built property features two spacious and modern 3-Bedroom, 2-Bathroom units, each

    Jade McGillem Richfield Realty Group

    1125 Trowbridge St, Indianapolis, IN 46203
  • /40

    $165,000

    • 2 Beds
    • 2 Baths

    2109 Lexington Ave, Indianapolis, IN 46203

    Potential abounds with this duplex located near downtown, on a large lot, with income generating options. Each side features two bedrooms, 2 bathroom, a spacious kitchen with eat in dining options, high ceilings on the first level, a large back yard with options for a fence for your furry friends or a garage addition all with a super accessible location. Check this one out for yourself or for

    Natanja Tabb-Peterson @properties

    2109 Lexington Ave, Indianapolis, IN 46203
  • /26

    $580,000

    • 4 Beds
    • 4 Baths

    934 Calvary St, Indianapolis, IN 46203

    Welcome to 932-934 Calvary St, a fully updated duplex offering flexibility, convenience, and strong income potential. Each side of this property has been thoughtfully improved with new kitchens, including cabinetry, countertops, and stainless steel appliances, plus updated bathrooms, lighting, paint, and flooring throughout. The layouts provide practical living spaces that suit a variety of

    Blake Settles Ever Real Estate, LLC

    934 Calvary St, Indianapolis, IN 46203
  • /5

    $139,900

    • 4 Beds
    • 2 Baths

    1141 Dawson St, Indianapolis, IN 46203

    Property is currently rented but the property is in disrepair and needs many updates. Duplex but could be converted into a single family home. Lots of renovation in the neighborhood which is near Fountain Square. Bring your tools and start making money. The rent prices do not reflect the current rents in the neighborhood. Lots of upside!

    Kip Kistler Doc Real Estate, Inc

    1141 Dawson St, Indianapolis, IN 46203
  • /49

    $699,900

    • 4 Beds

    1622 Prospect St, Indianapolis, IN 46203

    Discover a remarkable investment opportunity in the heart of Fountain Square! This fully remodeled double showcases two 1,975 sq ft units (3,940 total sq ft for duplex), featuring 2 bedrooms and 2.5 full baths. Move-in ready, the home boasts a spacious kitchen with a large center island. Each unit has a dedicated garage space. Featuring low-maintenance living within walking distance to an array

    Mark Branch Highgarden Real Estate

    1622 Prospect St, Indianapolis, IN 46203
  • /28

    $337,000

    • 4 Beds
    • 2 Baths

    1701 Woodlawn Ave, Indianapolis, IN 46203

    Explore this attractively priced duplex in vibrant Fountain Square, just minutes from Downtown Indianapolis. Ideal for entrepreneurs, it offers a unique opportunity to use the top unit as an office while residing in or renting out the other. This property has a strong rental history, providing consistent income with its dual-unit setup. Each unit features modern kitchens, spacious living

    Alexandria Hyche Dix Realty Group

    1701 Woodlawn Ave, Indianapolis, IN 46203

Why Live in Fountain Square

Fountain Square in Indianapolis is a vibrant neighborhood known for its local, independent businesses and diverse dining options. Virginia Avenue is a highlight, featuring international cuisines such as Siam Square for Thai food and Harmony Tea Shoppe for bubble tea. Residents can enjoy coffee from Bovaconti Coffee, which uses beans from Indiana roasters, or relax at Nine Lives Cat Café. The area offers a mix of early 20th-century homes, including bungalows, Minimal Traditional, American Foursquare, Colonial Revival, and Tudor styles, with prices ranging from $185,000 to $460,000. The neighborhood has a moderate crime risk typical for an urban area. Fountain Square provides green spaces like the Pleasant Run Trail, ideal for walking, running, or biking along the scenic Pleasant Run creek. The neighborhood's accessibility is enhanced by its proximity to Interstates 65 and 70 and the Indianapolis Cultural Trail, which offers a bike-friendly route to downtown. Cultural venues such as Hi-Fi, Radio Radio, and White Rabbit Cabaret contribute to the area's rich arts scene, while the Murphy Arts Center hosts local artists and events.

Home Trends in Fountain Square, IN

Housing Trends

Median Sale Price
$325,000
Median Single Family Sale Price
$345,000
Median Townhouse Sale Price
$322,450
Average Price Per Sq Ft
$196
Number of Homes for Sale
80
Last 12 months Home Sales
155
Months of Supply
6.20
Median List Price
$350,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
5%
How to Buy a Home How to Finance a Home How to Sell a Home