Indianapolis, IN Homes for Sale under $200,000

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  /3

  $150,000

  • 3 Beds
  • 1 Bath

  1846 Olive St, Indianapolis, IN 46203

  Nice investment property potential! Inside needs remodeling as was burned in fire. The inside is down to the studs. Needs plumbing, electrical, insulation & dry wall.

  Chas Schaffernoth F.C. Tucker Company

  1846 Olive St, Indianapolis, IN 46203
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  /30

  $129,900

  • 2 Beds
  • 1 Bath
  • 725 Sq Ft

  621 S Butler Ave, Indianapolis, IN 46219

  This home qualifies for up to $15,000 in down payment assistance! Welcome to 621 South Butler, Indianapolis, IN 46219 - a cozy and inviting 2-bedroom, 1-bathroom home offering comfort, character, and convenience. With 725 sq. ft. of living space, this property is the perfect choice for a first-time homebuyer, downsizer, or investor looking for a low-maintenance home in a great location. Inside,

  Rolonda Lolla Austyn Avenue Real Estate

  621 S Butler Ave, Indianapolis, IN 46219
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  /14

  $174,900

  • 3 Beds
  • 1 Bath
  • 900 Sq Ft

  3337 Prospect St, Indianapolis, IN 46203

  Investor Special or First-Time Buyer Gem with Extra Lot! Recently remodeled home just minutes from downtown in a rapidly growing area with new construction nearby. Previously used as an Airbnb, this property is move-in ready and ideal for investors or first-time buyers. Includes adjoining lot with separate address-build another home or sell separately for added value. Motivated seller!

  Brandon Warfield Carpenter, REALTORS®

  3337 Prospect St, Indianapolis, IN 46203
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  /24

  $130,000

  • 2 Beds
  • 1 Bath
  • 720 Sq Ft

  1137 S Drexel Ave, Indianapolis, IN 46203

  Welcome to your charming new home! This beautifully updated two-bedroom, one-bath residence blends comfort and convenience, featuring modern upgrades completed in 2022. Enjoy spacious bedrooms with ceiling fans and generous closet space, plus a stylish custom shower/tub surround. The expansive yard includes both front and back decks-ideal for morning coffee or evening gatherings. Located just

  Miguel Rodriguez Keller Williams Indy Metro S

  1137 S Drexel Ave, Indianapolis, IN 46203
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  /14

  $110,000

  • 1 Bath
  • 1,248 Sq Ft

  3324 Prospect St, Indianapolis, IN 46203

  For sale 0.1 acre parcel zoned I4 - Industrial located just east of Fountain Square! It can be sold as a package sale: 3324 Prospect St and 1028 Vandeman St for a total of 0.2 acres of land ($250,000). The 1,248 sq.ft. home structure has partially been prepared for renovation and is paired with a small backyard and covered deck. Numerous potential uses as permitted by the Marion County Zoning

  Marcia Souers eXp Realty, LLC

  3324 Prospect St, Indianapolis, IN 46203
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  /51

  $199,999

  • 3 Beds
  • 2 Baths
  • 1,525 Sq Ft

  4030 Moline Dr, Indianapolis, IN 46221

  This adorable 3 bedroom 2 bath home with unfinished basement is located off Kentucky Ave. Great school system. Large yards front and back. Come relax on the inviting porch. Fresly painted basement, very open so you can finish it how you would like. The oversized detached garage is a great addition to the home. Quite area off the beaten path close to exit

  Doreen Harris RE/MAX Advanced Realty

  4030 Moline Dr, Indianapolis, IN 46221
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  /16

  $165,000

  • 2 Beds
  • 2 Baths
  • 1,124 Sq Ft

  6519 Jade Stream Ct Unit 310, Indianapolis, IN 46237

  Unit #310 is a nicely updated two-bedroom two full bath condo in Perry Township. Includes fireplace, all appliances, fresh pain and flooring. Move in ready to this adorable low maintenance living. Dedicated (owned) garage space, reserved parking, private balcony, secured entrance, neighborhood amenities. Must see this fantastic space! Immediate possession and quick close!

  Lisa Loveless F.C. Tucker/Crossroads Real Estate

  6519 Jade Stream Ct Unit 310, Indianapolis, IN 46237
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  /19

  $199,900

  • 3 Beds
  • 1 Bath
  • 2,249 Sq Ft

  1607 E Stop 12 Rd, Indianapolis, IN 46227

  This solid Bedford stone ranch with a full basement offers plenty of potential for its next owner. Situated on .88 acres, the property features a private backyard with room to host weekend get-togethers, garden, or simply enjoy the outdoors. Inside, the home provides a fixer-upper opportunity for those ready to add their personal touch. Key updates include a furnace (2018) and water softener

  Johnny Kap Keller Williams Indy Metro S

  1607 E Stop 12 Rd, Indianapolis, IN 46227
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  /20

  $179,900

  • 2 Beds
  • 1 Bath
  • 921 Sq Ft

  710 N Drexel Ave, Indianapolis, IN 46201

  Welcome to this exquisitely updated bungalow in the heart of the historic Emerson Heights neighborhood, just east of downtown Indianapolis. Perfectly move-in ready, this home shines with a brand-new roof, fresh siding, modern windows, a fully renovated kitchen and bathroom, and elegant LVP flooring throughout. Step through the door to discover a bright, airy interior that blends timeless charm

  Kelly Huff F.C. Tucker Company

  710 N Drexel Ave, Indianapolis, IN 46201
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  /26

  $175,000

  • 4 Beds
  • 1.5 Baths
  • 1,752 Sq Ft

  758 Wallace Ave, Indianapolis, IN 46201

  This 4-bedroom, 2-bath home offers over 2200 feet of comfortable living space and brings in $1050 per month in rental income. The layout is spacious and functional, appealing to long-term tenants. Situated on the eat side of Indianapolis, it's close to school, parks, and major roads. A dependable investment with consistent cashflow.

  Thomas Colvin eXp Realty, LLC

  758 Wallace Ave, Indianapolis, IN 46201
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  /10

  $166,000

  • 3 Beds
  • 2 Baths
  • 1,104 Sq Ft

  894 S Auburn St, Indianapolis, IN 46241

  Nestled at 894 S Auburn ST, INDIANAPOLIS, IN, this single-family residence presents an inviting home ready for its next chapter. Imagine mornings bathed in the soft glow of the sunroom, a tranquil space perfect for savoring a cup of coffee and planning the day ahead. The home features three bedrooms, offering comfortable retreats for rest and rejuvenation. With two full bathrooms, convenience and

  Jenni Ruiz J S Ruiz Realty, Inc.

  894 S Auburn St, Indianapolis, IN 46241
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  /31

  $155,000

  • 3 Beds
  • 1 Bath
  • 865 Sq Ft

  533 Temperance Ave, Indianapolis, IN 46203

  This 3-bedroom, 1-bath home offers nearly 900 feet of comfortable living . The home features beautiful hardwood floors a detached garage and plenty of extra storage space in the full basement. Situated on the east side of Indianapolis, it's close to school, parks, and major roads. Could be a lovely home for a homeowner or a dependable investment with consistent cashflow.

  Thomas Colvin eXp Realty, LLC

  533 Temperance Ave, Indianapolis, IN 46203
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  /14

  $130,000

  • 3 Beds
  • 1 Bath
  • 954 Sq Ft

  5931 Rawles Ave, Indianapolis, IN 46219

  This charming 3-bedroom, 1-bathroom home in Indianapolis offers the perfect blend of comfort, style, and functionality. As you enter, you're welcomed by a spacious living room with high ceilings, creating an open and airy atmosphere. The living room seamlessly flows into the beautiful kitchen, which features essential appliances such as a stove/oven range (to be installed prior to move-in),

  Maxwell Richter Wilmoth Group

  5931 Rawles Ave, Indianapolis, IN 46219
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  /16

  $105,000

  • 3 Beds
  • 1 Bath
  • 925 Sq Ft

  3520 N Butler Ave, Indianapolis, IN 46218

  Crafted for those seeking charm and convenience, 3520 North Butler Avenue is your gateway to a delightful living experience in Indianapolis. This inviting three-bedroom home welcomes you with its warm and timeless hardwood floors, setting the stage for cherished memories. Spanning 925 square feet, each room is thoughtfully designed to maximize space and comfort, offering an intimate yet open

  Maxwell Richter Wilmoth Group

  3520 N Butler Ave, Indianapolis, IN 46218
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  /14

  $164,900

  • 2 Beds
  • 1 Bath
  • 796 Sq Ft

  2510 S Pennsylvania St, Indianapolis, IN 46225

  Solid 2-Bedroom Opportunity Near Downtown - Perfect for Investors! New furnace installed in December 2025. This home has great bones and is ready for your finishing touches! Featuring 2 bedrooms and 1 bath, it's ideally located close to downtown, shopping, and IPS schools-making it a smart choice for a flip, rental, or Airbnb investment. Currently rented on a month-to-month lease, this property

  Todd Campbell United Real Estate Indpls

  2510 S Pennsylvania St, Indianapolis, IN 46225
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  /26

  $175,000

  • 2 Beds
  • 1 Bath
  • 1,147 Sq Ft

  1214 N Gladstone Ave, Indianapolis, IN 46201

  Welcome to this beautifully renovated 2 bed 1 bath limestone house in Indianapolis. Starting on the exterior you will find a new AC unit, new garage door, new gutters, freshly stained trim, and manicured landscaping. Head inside to a covered sunroom area with new flooring and large, open windows. The home features freshly re-stained hardwood flooring. The kitchen has new LVP flooring, new

  Sarah Schaefer White Stag Realty, LLC

  1214 N Gladstone Ave, Indianapolis, IN 46201
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  /45

  $199,900

  • 2 Beds
  • 2 Baths
  • 882 Sq Ft

  1413 S New Jersey St, Indianapolis, IN 46225

  **Owner-occupied buyer may be eligible for a grant up to $7500** Here's a super charming 2 bed 2 bath house on the best street in the heart of Bates-Hendricks. This thoughtfully renovated bungalow sits just minutes from Fountain Square, the Monon, the Cultural Trail, and all downtown Indy has to offer. Updated in 2017, the home features modern systems and finishes throughout, including the roof,

  Daniel O'Brien Trueblood Real Estate

  1413 S New Jersey St, Indianapolis, IN 46225
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  /19

  $115,000

  • 3 Beds
  • 1 Bath
  • 1,044 Sq Ft

  4311 E 30th St, Indianapolis, IN 46218

  Charming 3 bed, 1 bath bungalow in Martindale Brightwood! Built in 1930 and offering ~1,100 sq ft of living space, this home welcomes you with a bright open living/dining area, a functional kitchen with range and fridge, and three comfortable bedrooms. Outside, enjoy vinyl exterior, screened porch, a private driveway, and yard space. Located minutes from the Indianapolis Zoo and Children's

  Edwin Watson Triple E Realty, LLC

  4311 E 30th St, Indianapolis, IN 46218
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  /16

  $163,000

  • 3 Beds
  • 3 Baths
  • 2,044 Sq Ft

  1425 N Bolton Ave, Indianapolis, IN 46219

  3-Bedroom Home with 2-Car Garage and Basement in Indianapolis This 3-bedroom, 1 full and 2 half bathroom home is located in a quiet part of Indianapolis and offers solid potential. Inside, you'll find wood flooring, tiled bathrooms, and a partially finished basement featuring a fireplace and wood paneling-ideal for a cozy rec room or flex space. The home could benefit from some TLC, but with the

  Robert Salmons Entera Realty

  1425 N Bolton Ave, Indianapolis, IN 46219
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  /2

  $140,000

  • 2 Beds
  • 1 Bath
  • 720 Sq Ft

  4339 Spann Ave, Indianapolis, IN 46203

  Don't miss this delightful 2-bedroom, 1-bathroom single-family home situated in the sought-after Christian Park neighborhood. With a surge of investment flowing into the area, now is an ideal time to invest in this promising community. Perfect for a first-time homebuyer that wants to use a renovation loan to buy and renovate, or an investor looking to add to their portfolio. The home is currently

  Andy Tresize Compass Indiana, LLC

  4339 Spann Ave, Indianapolis, IN 46203
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  /8

  $182,000

  • 2 Beds
  • 2 Baths

  1328 N Chester Ave, Indianapolis, IN 46201

  Investor-ready opportunity in the heart of Indianapolis-this duplex at 1328-1330 North Chester Ave delivers instant cash flow with no HOA restrictions. Each unit features 1 spacious bedroom, 1 full bath, and comes equipped with a refrigerator and electric range. The property offers two detached car garage , a low-maintenance layout, and ready for reliable tenants a. A newer roof only 1 years old.

  Pavitar Khakh eXp Realty, LLC

  1328 N Chester Ave, Indianapolis, IN 46201
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  /26

  $140,000

  • 1 Bed
  • 1 Bath
  • 720 Sq Ft

  2933 S East St, Indianapolis, IN 46225

  Efficiently designed 1-bedroom home offers private outdoor space, a detached garage, and basement storage on Indianapolis's south side. Major mechanical systems have already been addressed, including a furnace, AC, and ductwork replaced in 2023, along with a newer water heater, water softener, and reverse osmosis filtration system added in 2024. The updated kitchen features shaker cabinets and

  Craig DeBoor Real Broker, LLC

  2933 S East St, Indianapolis, IN 46225
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  /21

  $169,900

  • 4 Beds
  • 2 Baths
  • 2,170 Sq Ft

  1020 Denison St, Indianapolis, IN 46241

  Presenting 1020 Denison Street, a single-family residence nestled in a desirable and convenient west side location close to shopping and just minutes from downtown Indianapolis. Inside, this home features many updates, including a brand new stainless steel electric oven/range and refrigerator. The kitchen presents shaker cabinets, providing a functional and stylish space to create memorable

  Michael Carter RE/MAX Advanced Realty

  1020 Denison St, Indianapolis, IN 46241
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  /26

  $164,900

  • 3 Beds
  • 1 Bath
  • 936 Sq Ft

  1654 E Bradbury Ave, Indianapolis, IN 46203

  This newly updated 3-bedroom cottage blends classic charm with fresh improvements, making it feel both inviting and move-in ready. With 936 square feet of living space, the home offers a comfortable layout while still leaving room to add your own personal touch. Whether you're searching for a place to call home or a smart investment, this one is worth a look. Originally built in 1932, the home

  Terry Young Red Bridge Real Estate

  1654 E Bradbury Ave, Indianapolis, IN 46203
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  /30

  $178,000

  • 3 Beds
  • 1 Bath
  • 888 Sq Ft

  11 Digby Ct, Indianapolis, IN 46222

  This beautifully renovated 3-bedroom ranch in Eagledale is ready for its next owner to move right in and enjoy. Freshly painted inside and out, with a brand-new roof, this home shines from the start. Step inside to find new carpet in the bedrooms and durable LVP Water Plus flooring in the hallway, kitchen, dining room, and living room for a modern touch. The kitchen comes equipped with a

  Terry Young Red Bridge Real Estate

  11 Digby Ct, Indianapolis, IN 46222
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  /13

  $133,900

  • 3 Beds
  • 2 Baths
  • 1,510 Sq Ft

  1553 W New York St, Indianapolis, IN 46222

  Comfortable and Quaint Home decorated w/mini blinds, ceiling fans and lighting. Front room, dining room, kitchen, bath and two bedrooms on first level and Master bedroom and full bathroom and seating area takes up the entire top level. Stove/Refrigerator, and washer/dryer hook up provided. Front porch and fenced in back yard with walkable basement with furnace and water heater and plenty of

  Pamela Journey E & L Son Enterprise, LLC

  1553 W New York St, Indianapolis, IN 46222
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  /2

  $124,500

  • Land
  • 0.84 Acre
  • $148,214 per Acre

  6422 Fall Creek Rd, Indianapolis, IN 46220

  Build your dream home on this beautiful lot surrounded by nature. It offers plenty of privacy with mature trees and a peaceful stream. Located in Avalon Hills, the lot has no HOA-so you won't have to worry about building architectural restrictions. Just minutes from downtown, Broad Ripple, and Castleton. Builders are welcome. There's no driveway or clearing on the lot right now, but you can park

  Ryan Morris CENTURY 21 Scheetz

  6422 Fall Creek Rd, Indianapolis, IN 46220
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  /21

  $120,000

  • 2 Beds
  • 1 Bath
  • 725 Sq Ft

  524 S Arlington Ave, Indianapolis, IN 46219

  MOTIVATED SELLER!!! Welcome to 524 S Arlington Ave! This adorable home sits in the lively Historic Irvington area. As you walk in you'll fall in love with the charm. Newer floors and huge living room window invites you to the coziness of the home. 2 bedrooms with an updated tiled shower is perfect to move right in! If you're a first time home buyer, this is would be the ideal start. UPDATES

  Logan McNitt Trueblood Real Estate

  524 S Arlington Ave, Indianapolis, IN 46219
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  /13

  $114,900

  • 1 Bed
  • 1 Bath
  • 692 Sq Ft

  1358 Hiatt St, Indianapolis, IN 46221

  Nestled at 1358 Hiatt ST, INDIANAPOLIS, IN, this charming single-family residence in Marion County presents an inviting home, ready to move in and begin a new chapter. Imagine relaxing on the porch, enjoying a morning beverage as the day begins, or unwinding in the evening with a gentle breeze, making this inviting space an extension of your living area. Beyond the residence itself, the

  Rafael Ayala eXp Realty, LLC

  1358 Hiatt St, Indianapolis, IN 46221
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  /22

  $180,000

  • 3 Beds
  • 1.5 Baths
  • 1,980 Sq Ft

  667 E Edgewood Ave, Indianapolis, IN 46227

  3-Bedroom, 1.5-Bath Home with 2-Car Garage and Expansive Yard Space This spacious home offers a 2-car garage and generous front and back yards-perfect for outdoor enjoyment or future landscaping plans. Inside, the kitchen features abundant cabinet space, and the lower level boasts a large living area ideal for entertaining or relaxing. While the home needs TLC, it presents an excellent

  Robert Salmons Entera Realty

  667 E Edgewood Ave, Indianapolis, IN 46227
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  /34

  $170,000

  • 3 Beds
  • 2 Baths
  • 1,586 Sq Ft

  3149 Carson Ave, Indianapolis, IN 46227

  Charming one-story home with inviting curb appeal featuring a welcoming front wood deck. Inside, you'll find a spacious closet and a primary bathroom that offers the ultimate retreat with a large soaking tub and separate shower. Step into the backyard to enjoy a second wood deck, perfect for relaxing or entertaining, along with a convenient shed and a covered carport for added storage and

  Teresa Homan Mainstay Brokerage LLC

  3149 Carson Ave, Indianapolis, IN 46227
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  /14

  $185,000

  • 3 Beds
  • 3 Baths
  • 1,440 Sq Ft

  Unlisted Address

  Nicely updated single family home with 3 bedrooms and 3 baths. Primary bath has a ceramic wall walk in shower. 1 bedroom, bath and Family room are separate from other bedrooms to give privacy if needed for someone or with a little work, change it into a separate unit to generate some income. Nice size backyard to entertain or relax.

  Brian Diss Wall and Associates

  Unlisted Address
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  /24

  $139,900

  • 2 Beds
  • 1 Bath
  • 780 Sq Ft

  1228 Knox St, Indianapolis, IN 46227

  Adorable remodeled 2 bedroom 1 bath. Home & garage has 1 year old roof. New furnace & A/C. Appliances include range, refrigerator, dishwasher, disposal, washer & dryer all convey with property. (appliances not warranted) All new laminae flooring in kitchen & living room. New carpet in bedrooms. Newer windows throughout. All new blinds. 2 car garage with 1 garage door with opener. Seller believes

  Betty Strohm My Agent

  1228 Knox St, Indianapolis, IN 46227
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  /14

  $125,000

  • 2 Beds
  • 1 Bath
  • 1,296 Sq Ft

  802 N Oakland Ave, Indianapolis, IN 46201

  Nestled at 802 N Oakland AVE, INDIANAPOLIS, IN, this newly remodeled single-family residence offers an inviting home ready for its next chapter. Step into a kitchen designed with both style and functionality in mind, featuring shaker cabinets that provide a timeless aesthetic and ample storage. Imagine preparing your favorite meals in this welcoming space, where classic design meets everyday

  Jennifer Wilmoth Wilmoth Group

  802 N Oakland Ave, Indianapolis, IN 46201
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  /10

  $160,000

  • 4 Beds
  • 2 Baths
  • 2,128 Sq Ft

  3526 Evergreen Ave, Indianapolis, IN 46205

  Come renovate me and make me your own, rent me out, or sell!

  Mike Scott Scott Estates

  3526 Evergreen Ave, Indianapolis, IN 46205
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  /32

  $197,000

  • 2 Beds
  • 1 Bath
  • 942 Sq Ft

  301 Leeds Ave, Indianapolis, IN 46201

  Nestled in the heart of Indianapolis, Indiana, discover the delightful residence at 301 Leeds AVE. This single-family residence, built in 1940, presents a wonderful opportunity to own a piece of Indianapolis history. The residence features two bedrooms, providing comfortable spaces for rest and rejuvenation. Imagine starting your day in these tranquil rooms, ready to embrace all that Indianapolis

  Mark Wesler eXp Realty, LLC

  301 Leeds Ave, Indianapolis, IN 46201
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  /17

  $155,000

  • 3 Beds
  • 1 Bath
  • 912 Sq Ft

  1844 N Riley Ave, Indianapolis, IN 46218

  Welcome to this adorable 3-bedroom bungalow. Featuring hardwood floors, this home offers a warm and inviting atmosphere from the moment you step inside. Fresh interior paint gives the space a clean, modern look, ready for your personal touch. Outside, you'll love the stunning landscaping that adds to the home's curb appeal, as well as a brand-new concrete driveway for parking. Whether you're

  Jody Lee Meredith Real Broker, LLC

  1844 N Riley Ave, Indianapolis, IN 46218
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  /31

  $150,000

  • 2 Beds
  • 1 Bath
  • 936 Sq Ft

  1168 N Gladstone Ave, Indianapolis, IN 46201

  Nice bungalow in popular Little Flower area. Great for first time buyer or rental. Nice homey place. Living room has woodburning fireplace. Brand NEW roof! Property has new water heater and newer furnace. Some updates to kitchen and bath. Dishwasher just installed. Nice big living room and dining room. Some new fixtures. Large lot, please look in the back of the garage. The fenced area is part of

  Vicki Palmore-Hale United Real Estate Indpls

  1168 N Gladstone Ave, Indianapolis, IN 46201
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  /14

  $177,500

  • 2 Beds
  • 2 Baths
  • 2,148 Sq Ft

  114 E 27th St, Indianapolis, IN 46205

  Now under new HOA! Freshly painted deck/porch. Discover this charming End Unit, 2-bedroom, 2-bath home with a third-floor loft-perfect for a potential 3 bedroom! Located in Mapleton-Fall Creek neighborhood. Enjoy easy access to both downtown and Broad Ripple. As you step inside, you're welcomed by a cozy Great Room with a wood-burning fireplace, Dining area, and the Kitchen which offers ample

  RC Thorne Carpenter, REALTORS®

  114 E 27th St, Indianapolis, IN 46205
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  /18

  $100,000

  • 2 Beds
  • 1 Bath
  • 780 Sq Ft

  2621 N Tacoma Ave, Indianapolis, IN 46218

  Welcome to the unique opportunity to own a 2 bedroom, 1 bathroom home located in the heart of Indianapolis! This house is perfect for investors, flippers, or home owners looking for a project to make their own. As a blank canvas to help with their vision, the home is being sold as-is, for a project you can be proud of. It needs some TLC, but it has great potential. The seller will not be making

  China Murphy F.C. Tucker Company

  2621 N Tacoma Ave, Indianapolis, IN 46218

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