1

Stout Field Multifamily Home for Sale

Section Image
  • /4

    $168,500

    • 4 Beds
    • 2 Baths

    1001 Foltz St, Indianapolis, IN 46241

    Incredible Investment Opportunity - 2 Homes on 2 Acres! Located at 1001 & 1003 Foltz, this unique property features two well-maintained 2-bedroom, 1-bath homes with strong rental history and easy tenant appeal. 1001 includes a 2-car garage and shed. Both are vacant and available for viewing. With plenty of space to build one or more additional homes on the expansive lot, this is a perfect setup

    Danielle Garrity Dorfman Property Management

    1001 Foltz St, Indianapolis, IN 46241

Why Live in Stout Field

Stout Field, located in Southwest Indianapolis, is a neighborhood characterized by its early 20th-century cottages and bungalows. Named after a former airport, the area is now situated near the Indianapolis International Airport, about two miles west. The community is predominantly industrial, with 65% of the area zoned for such use, contributing to its blue-collar atmosphere. Despite the bustling environment with interstate highways, a freight railroad line, and a National Guard base nearby, the residential sections maintain a relatively quiet charm with large old-growth trees and homes surrounded by chain-link and wooden picket fences. The neighborhood features more than half a dozen churches of various Christian denominations, fostering a strong sense of community. Stout Field’s residential areas form a T-shape, with West Washington Street hosting low-slung retail stores, fast-food restaurants, car dealerships, and a Kroger supermarket. Local dining options include the Checkered Flag Tavern, known for its racing theme, and Gil Tacos, a popular spot for Mexican cuisine. Recreational opportunities within the neighborhood are limited, with Stout Field Park offering a small open field, playground, and basketball court. However, nearby warehouse spaces provide unique activities such as EPIC Climbing and Fitness and Q Skate Park. The neighborhood is largely car-dependent, with easy access to I-74/465 and I-70, making downtown Indianapolis about seven miles away. Public transportation is available via IndyGo buses along Washington Street and Holt Road. The Indianapolis International Airport, located nearby, offers direct flights to various destinations across the country.

Home Trends in Stout Field, IN

Housing Trends

Median Sale Price
$139,000
Median Single Family Sale Price
$152,000
Average Price Per Sq Ft
$130
Number of Homes for Sale
14
Last 12 months Home Sales
73
Months of Supply
2.30
Median List Price
$155,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-8%
How to Buy a Home How to Finance a Home How to Sell a Home