Indianapolis, IN Homes for Sale under $200,000

• 

  

  

  /20

  $185,000

  • 3 Beds
  • 2 Baths
  • 1,089 Sq Ft

  501 S Vine St, Indianapolis, IN 46241

  Move right in and enjoy this beautifully updated bungalow in Wayne Township! Conveniently located near a bus line with easy access to shopping, dining, schools, and downtown Indianapolis, this home is a great fit for commuters, first-time buyers, or anyone looking for an affordable home with modern updates. Inside, you'll love the renovated kitchen, refreshed bathrooms, and stylish luxury vinyl

  

  Kimberly White

  F.C. Tucker Company

  501 S Vine St, Indianapolis, IN 46241
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• 

  

  

  /44

  $185,000

  • 3 Beds
  • 2 Baths
  • 840 Sq Ft

  2121 Webb St, Indianapolis, IN 46225

  Ideal for those with pets or those that enjoy outdoor activities in Garfield Park. This beautifully refreshed ranch offers comfortable one-level living with a long list of updates already completed. The kitchen and bathrooms are completely new, complemented by new flooring and fresh paint throughout, creating a clean, modern feel from the moment you step inside. The home features a true en-suite

  

  Cindy Stockhaus

  Better Homes and Gardens Real Estate Gold Key

  2121 Webb St, Indianapolis, IN 46225
• 

  

  

  /27

  $185,000

  • 2 Beds
  • 1.5 Baths
  • 1,021 Sq Ft

  30 N Edmondson Ave, Indianapolis, IN 46219

  Some houses just have that feeling the second you pull up-and this darling Indianapolis bungalow is absolutely one of them . Tucked on a quiet street this home is full of the kind of charm that makes you want to move right in, put flowers on the porch and stay awhile. From its sweet bungalow exterior to the cozy, character-filled spaces inside, everything about this home feels warm, welcoming and

  

  Summer Hudson

  eXp Realty, LLC

  30 N Edmondson Ave, Indianapolis, IN 46219
• 

  

  

  /15

  $200,000

  $25K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,960 Sq Ft

  630 N Emerson Ave, Indianapolis, IN 46219

  Nestled in a welcoming eastside neighborhood, this charming home offers the perfect blend of character, comfort, and unbeatable convenience. Just 10 minutes from downtown Indianapolis and only 5 minutes from historic Irvington, you'll enjoy easy access to local restaurants, shopping, and year-round community events while still coming home to a peaceful residential setting. --- The classic

  

  Jeff Cloyd

  RE/MAX Advanced Realty

  630 N Emerson Ave, Indianapolis, IN 46219
• 

  

  

  /12

  $134,900

  $20K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,688 Sq Ft

  34 N Addison St, Indianapolis, IN 46222

  This charming home recently has had new paint and flooring with a spacious living room, dining room, and kitchen. One bedroom on the main floor with a bonus room to make a 4th bedroom. Two additional bedrooms upstairs. Large detached two car garage in an up and coming area just a few minutes away from downtown and right next to the new Central State Complex. There are a lot of renovations and

  

  Lisa Meulbroek

  Liberty Real Estate, LLC.

  34 N Addison St, Indianapolis, IN 46222
• 

  

  /13

  $59,000

  • 3 Beds
  • 2 Baths
  • 2,261 Sq Ft

  640 N Gray St, Indianapolis, IN 46201

  Great potential awaits with this 4 bedroom home on the Near Eastside! Quick access to downtown, recreational life, schools, and more catch the attention of those with a vision. Some features include a spacious living room, an unfinished basement, a detached garage, and a large fenced backyard. With an opportunity for updates and improvements, it's an excellent option for investors, renovators, or

  

  Chris Price

  Keller Williams Indy Metro Partners

  640 N Gray St, Indianapolis, IN 46201
• 

  

  /19

  $139,500

  $20K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,125 Sq Ft

  611 Knox St, Indianapolis, IN 46227

  

  Darrin Galyean

  My Agent

  611 Knox St, Indianapolis, IN 46227
• 

  

  /26

  $125,000

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 816 Sq Ft

  726 N Exeter Ave, Indianapolis, IN 46222

  Welcome to 726 N Exeter Avenue! This 2 bedroom, 1 bath bungalow offers a great opportunity for a first-time buyer or anyone looking for an affordable place to call home. Recent updates make this home ready for its next chapter, including a new roof, freshly refinished real hardwood floors, fresh interior paint throughout the main level, and exterior cleanup, giving the property a refreshed look

  

  Shane Foley

  F.C. Tucker Company

  726 N Exeter Ave, Indianapolis, IN 46222
• 

  

  /36

  $179,900

  • 2 Beds
  • 1.5 Baths
  • 1,294 Sq Ft

  5817 Beacon Cove Way, Indianapolis, IN 46237

  Welcome to this cute townhome! Franklin township schools, located down the street from St. Francis Hospital and all the amenities of restaurants, grocery stores and shopping you could want. Freshly painted, newer carpet throughout, stainless appliances and washer and dryer included. Corian countertops lead into a kitchen that opens to the living room. Big windows look out to a concrete patio on a

  

  Christi Coffey

  F.C. Tucker Company

  5817 Beacon Cove Way, Indianapolis, IN 46237
• 

  

  /37

  $134,900

  $15K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 993 Sq Ft

  4341 Village Parkway Cir W Unit 7, Indianapolis, IN 46254

  Imagine starting your morning with a walk through one of Indiana's largest urban parks, then coming home to your own amenity rich community - all without sacrificing a single convenience of city living. That's exactly what awaits you at 4341 Village Pkwy Cir W, Unit 7. Situated in the heart of the Eagle Creek corridor (the Park and Reservoir), this 2-bedroom, 2-bath condo puts 3,900+ acres of

  

  Robert Lappin

  Circle 8, LLC

  4341 Village Parkway Cir W Unit 7, Indianapolis, IN 46254
• 

  

  /12

  $125,000

  $110K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,292 Sq Ft

  28 N Denny St, Indianapolis, IN 46201

  Experience the blend of historic charm and modern reliability on N Denny St. This 1,292 sq. ft., two-story home was freshly remodeled just one year ago and features upgrades for total peace of mind. Key Highlights: * Fully Updated: 1-year-old roof and a complete interior remodel (2025). *Systems: Brand-new furnace (less than 1 year) with mobile app control and a new water heater. * Layout: 2

  

  Patrick McNeill

  Ask Pat About Real Estate

  28 N Denny St, Indianapolis, IN 46201
• 

  

  /24

  $126,500

  $3K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 837 Sq Ft

  3511 N Keystone Ave, Indianapolis, IN 46218

  Charming 2-bed, 1-bath home situated on an expansive quarter-acre lot! Features include a welcoming covered front porch, a bright, functional layout, central air, and an eat-in kitchen with solid cabinet storage. The deep backyard provides endless possibilities for outdoor entertaining, gardening, and private off-street parking. Low-maintenance vinyl siding and solid construction make this an

  

  Lora Reynolds

  Epique Inc

  3511 N Keystone Ave, Indianapolis, IN 46218
• 

  

  /5

  $60,000

  • Land
  • 11,761 Sq Ft
  • $222,222 per Acre

  211-213 S Girls School Rd, Indianapolis, IN 46241

  Build your dream home on this spacious double lot in a prime location near Avon, Indiana! This cleared and level property offers the perfect canvas for your custom build, with plenty of room for a home, outdoor living space, or additional structures. Enjoy the convenience of utilities nearby, making development easier and more affordable. The property features a partial fence and provides extra

  

  Brian Hopson

  F.C. Tucker Company

  211-213 S Girls School Rd, Indianapolis, IN 46241
• 

  

  /11

  $24,900

  $15K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,053 Sq Ft

  2858 N Kenwood Ave, Indianapolis, IN 46208

  Two-Story Condo being sold, 1 unit/half of the building. Bring your vision as there is plenty of upside here. Blocks to The Children's Museum, as well as universities, museums, restaurants, and downtown amenities. Exterior features covered front porch, off-street parking, vinyl windows, and vinyl exterior. Interior includes raised ceilings, some hardwood floors, and open palette. Needs updates

  

  Chris Price

  Keller Williams Indy Metro Partners

  2858 N Kenwood Ave, Indianapolis, IN 46208
• 

  

  /19

  $130,000

  $50K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 873 Sq Ft

  2320 Churchman Ave, Indianapolis, IN 46203

  Investor Alert! AS-IS Property with 2022 Updates - Ready for Renovation This home was fully updated in 2022 with major improvements including a new roof, gutters, windows, electrical wiring, plumbing, drywall, insulation, and beautiful quartz kitchen countertops with 32" cabinets. Stylish new kitchen appliances and flooring were installed throughout, and the oversized two-car garage was

  

  Fred Krawczyk

  Envoy Real Estate, LLC

  2320 Churchman Ave, Indianapolis, IN 46203
• 

  

  /15

  $197,000

  $5K PRICE INCREASE

  • 3 Beds
  • 1.5 Baths
  • 1,092 Sq Ft

  5608 Rinehart Ave, Indianapolis, IN 46241

  Back on market - home appraised conventional for $203,000 but financing fell apart for buyers. Pictures will be updated since it is now vacant. Brick and stone home in Wayne Township sitting in a quiet westside neighborhood is this charming brick ranch with a full basement. Needs a little TLC but waiting for a new family to love it. 3 beds and 2 baths and built in 1963. Some original hardwoods.

  

  Janet Giles

  Your Realty Link, LLC

  5608 Rinehart Ave, Indianapolis, IN 46241
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  /20

  $199,900

  $15K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,254 Sq Ft

  257 E Minnesota St, Indianapolis, IN 46225

  Tucked just inside the historic Bates-Hendricks neighborhood, this stunning 2-bedroom craftsman-style home offers 1,254 square feet of thoughtfully designed living space and 2 full bathrooms. LVP runs throughout the first floor's high-traffic areas providing durability and beauty and the nearly 9-foot tall ceilings make the space feel even more open and bright. The galley kitchen is fully

  

  Lora Reynolds

  Epique Inc

  257 E Minnesota St, Indianapolis, IN 46225
• 

  

  /10

  $72,000

  $23K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 2,156 Sq Ft

  5320 E Burgess Ave, Indianapolis, IN 46219

  Located near the charming and sought-after Historic Irvington district in Indianapolis, this 4-bedroom, 2-bathroom property is a prime opportunity for investors. With no historic preservation restrictions, you have the freedom to design and customize the space to match your vision. Fully gutted and ready for renovation, this home is a blank canvas-perfect for your next flip or value-add project.

  

  Lindsay Adams

  Four Points Realty LLC

  5320 E Burgess Ave, Indianapolis, IN 46219
• 

  

  /13

  $165,000

  $5K PRICE INCREASE

  • 2 Beds
  • 1 Bath

  2823 E 36th St, Indianapolis, IN 46218

  House Hackers or HOLD Investors, rejoice! Incredible opportunity to live in one side and rent out the other or rent out both sides at better than 1% rule! (ask me how to increase rent rates!) This well maintained, all brick duplex is now available. One side is tenant occupied while the other is vacant and ready for move in or new tenant. Whole home basement could be finished to increase rent

  

  Derrick Bailey II

  AMR Real Estate LLC

  2823 E 36th St, Indianapolis, IN 46218
• 

  

  /23

  $145,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,540 Sq Ft

  1125 W Congress Ave, Indianapolis, IN 46208

  Whether you are looking to secure your next dream home or seeking a high-potential asset to expand your investment portfolio, this home offers the perfect blend of location, versatility and opportunity! Don't miss your chance to own a home that balances comfort with solid investment value! Schedule your private tour today to explore everything this residence has to offer.

  

  Lora Reynolds

  Epique Inc

  1125 W Congress Ave, Indianapolis, IN 46208
• 

  

  /46

  $190,000

  • 4 Beds
  • 2 Baths

  231 W 29th St, Indianapolis, IN 46208

  Why choose between buying a home and buying an investment when you can potentially do both? Welcome to 231-233 W 29th Street, a duplex offering the flexibility today's buyers and investors are looking for. Whether you're an experienced investor ready to expand your Indianapolis portfolio, a first-time investor looking to get started, or a savvy buyer interested in house hacking, this property

  

  Nathaniel Cromlich

  CENTURY 21 Scheetz

  231 W 29th St, Indianapolis, IN 46208
• 

  

  /21

  $199,900

  • 3 Beds
  • 1.5 Baths
  • 1,248 Sq Ft

  4608 Hollister Dr, Indianapolis, IN 46222

  Fresh, bright, and ready for its next chapter, this Indianapolis home has had a serious little glow-up-and the backyard is a pretty great bonus. Step inside to find all-new flooring, fresh paint throughout the entire interior, an updated kitchen, and refreshed bathrooms, giving the home a clean, modern feel without losing the warmth that makes a house feel like home. The updated kitchen is ready

  

  Summer Hudson

  eXp Realty, LLC

  4608 Hollister Dr, Indianapolis, IN 46222
• 

  

  /19

  $99,500

  $11K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 744 Sq Ft

  3209 N Tacoma Ave, Indianapolis, IN 46218

  Investor alert! Solid 2-bedroom, 1-bath home with full basement and 2-car detached garage in an up-and-coming neighborhood with several recently updated homes nearby. Conveniently located near Washington Park - featuring a mountain bike skills park, playground, disc golf course, and the IMPD North District station - this property at 3209 N Tacoma Ave, Indianapolis is a strong addition to any

  

  Fred Krawczyk

  Envoy Real Estate, LLC

  3209 N Tacoma Ave, Indianapolis, IN 46218
• 

  

  /6

  $45,000

  • 3 Beds
  • 1 Bath
  • 1,224 Sq Ft

  511 N Gray St, Indianapolis, IN 46201

  A 3-bedroom home in Marion County offering an opportunity to bring your vision to life. This property needs repairs and updates, making it a great option for those looking to create a home in their own personal style. Conveniently located on the Near Eastside of Indianapolis, with easy access to local shops, restaurants, schools, and downtown Indianapolis. A property full of potential and ready

  

  Chris Price

  Keller Williams Indy Metro Partners

  511 N Gray St, Indianapolis, IN 46201
• 

  

  /8

  $120,000

  • Land
  • 9,583 Sq Ft
  • $545,455 per Acre

  443 N Beville Ave, Indianapolis, IN 46201

  Imagine the possibilities for your dream home on this double lot! Close to downtown, restaurants, entertainment, shopping, parks and more!

  

  Catherine James

  @properties

  443 N Beville Ave, Indianapolis, IN 46201
• 

  

  /22

  $99,950

  $15K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 744 Sq Ft

  1812 E Kelly St, Indianapolis, IN 46203

  2 Bedroom 1 bathroom with fresh carpet throughout, this home is perfectly situated near downtown, Garfield Park, and interstates. Possibilities abound with a large kitchen footprint and extra space within the laundry area. A large backyard, newly painted front porch and garage space round a well rounded property. Make this one your own or a great rental.

  

  Natanja Tabb-Peterson

  @properties

  1812 E Kelly St, Indianapolis, IN 46203
• 

  

  /11

  $89,000

  • Land
  • 4,356 Sq Ft
  • $890,000 per Acre

  1138 S Randolph St, Indianapolis, IN 46203

  Fantastic opportunity to build in Fountain Square! Located on a block that has numerous new builds and renovations, this is a great location that cannot be beat. The vacant lot is a short walk to all the liveliness in one of Indy's liveliest, downtown cultural centers. Plenty of local shops and unique restaurants to enjoy. Great for investors or to build your personal home. Welcome home to 1138

  

  Nick McNeely

  F.C. Tucker Company

  1138 S Randolph St, Indianapolis, IN 46203
• 

  

  /38

  $174,900

  $15K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,286 Sq Ft

  5145 E 20th Place, Indianapolis, IN 46218

  Welcome to 5145 E 20th Place, a charming 3-bedroom, 2-bath bungalow nestled on Indianapolis' east side Ritter Park. Step inside through the inviting sunroom, where walls of windows create a bright, cheerful space perfect for morning coffee or relaxing evenings. The kitchen is both functional and stylish, featuring ample cabinetry, stainless steel appliances, and durable tiled flooring. Two

  

  Christi Coffey

  F.C. Tucker Company

  5145 E 20th Place, Indianapolis, IN 46218
• 

  

  /12

  $137,500

  • 2 Beds
  • 1 Bath
  • 1,056 Sq Ft

  851 S Pershing Ave, Indianapolis, IN 46221

  Welcome home to this charming brick bungalow just minutes (approximately 2-3 miles) from the heart of downtown Indianapolis! Offering 2 bedrooms, 1 Jack-and-Jill bathroom, and a detached 2-car garage, this home blends classic character with everyday functionality. --- The spacious living room is filled with natural light and flows into a generously sized eat-in kitchen featuring abundant

  

  Jeff Cloyd

  RE/MAX Advanced Realty

  851 S Pershing Ave, Indianapolis, IN 46221
• 

  

  /6

  $23,000

  $2K PRICE DROP

  • Land
  • 4,356 Sq Ft
  • $230,000 per Acre

  3109 N Olney St, Indianapolis, IN 46218

  Great opportunity for a builder or investor to secure land in an emerging area. Located just seconds from Washington Park and only 15 minutes from Butler University, this property offers excellent potential for future development. Convenient location with nearby amenities and strong growth in the surrounding area make this a smart investment. Don't miss the chance to grab land in a rapidly

  

  Tyler Carmichael

  eXp Realty, LLC

  3109 N Olney St, Indianapolis, IN 46218
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  /26

  $145,000

  $10K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 948 Sq Ft

  524 N Bradley Ave, Indianapolis, IN 46201

  Welcome to 524 N Bradley Street, where charm, character, and opportunity come together! Just minutes from Downtown Indianapolis, this move-in-ready gem is perfect for first-time buyers, savvy investors, or anyone looking for an affordable place to call home. Step inside and you'll love the spacious living room, formal dining area, and gorgeous hardwood floors that bring warmth and timeless

  

  Taylor Thomas

  eXp Realty, LLC

  524 N Bradley Ave, Indianapolis, IN 46201
• 

  

  /6

  $70,000

  • Land
  • 5,227 Sq Ft
  • $583,333 per Acre

  2926 Ruckle St, Indianapolis, IN 46205

  Opportunity for builders and investors at 2926 Ruckle St! This vacant residential lot measures approximately 41' x 131' and is zoned D-5. Marion County records classify the property as a Residential Two-Family Platted Lot, and the property record includes a memorandum referencing Permit STR23-05349 for a new two-story double. Located in an established Indianapolis neighborhood with convenient

  

  Jordan Nelson

  @properties

  2926 Ruckle St, Indianapolis, IN 46205
• 

  

  /14

  $114,999

  • 2 Beds
  • 1.5 Baths
  • 1,216 Sq Ft

  1358 Tishman Ln, Indianapolis, IN 46260

  Countrybrook Condominium! 2 beds/ 1.5 baths townhome. Great floor plan featuring large rooms; formal dining room. Large living room & fenced-in yard with a storage shed. Close to Holiday Park, Community Centers Broad Ripple & shops.

  

  Eric Forney

  Keller Williams Indy Metro Partners

  1358 Tishman Ln, Indianapolis, IN 46260
• 

  

  /29

  $199,000

  • 2 Beds
  • 2 Baths
  • 1,536 Sq Ft

  10811 Cape Coral Ln, Indianapolis, IN 46229

  Low maintenance living in this updated, open floorplan with 2 bedrooms, den and 2 full baths. Enjoy the water view from the sunroom. Luxury vinyl plank flooring throughout, HVAC, water heater and water treatment system all less than 2 years. Stainless steel kitchen appliances all included. Oversized 2-car garage with electric car charging system. Primary shower is low step and has handrails

  

  Andrea Middlesworth

  Carpenter, REALTORS®

  10811 Cape Coral Ln, Indianapolis, IN 46229
• 

  

  /55

  $91,900

  $8K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 816 Sq Ft

  4606 N Hartman Dr, Indianapolis, IN 46226

  This home is waiting for you in Lawrence! Minutes away from Fort Harrison and quick access in every direction, this home sits with a large back yard and storage shed. The interior needs the right person to add just a little bit of care but showcases some updates throughout. 3 bedrooms, 1 bathroom, and a laundry room all on the main floor gives this easy access. Come check out your next

  

  Chris Price

  Keller Williams Indy Metro Partners

  4606 N Hartman Dr, Indianapolis, IN 46226
• 

  

  /11

  $99,000

  • 1 Bed
  • 1 Bath
  • 592 Sq Ft

  5127 Rowney St, Indianapolis, IN 46203

  Charming & Affordable Indianapolis Home Welcome to 5127 Rowney St, a cozy 1-bedroom, 1-bathroom home offering 592 sq. ft. of comfortable living space on a desirable corner lot in Emerson Place. Built in 1925, this single-level home features a functional layout with a spacious family room, eat-in kitchen, and convenient in-unit laundry. The kitchen includes an electric range, refrigerator,

  

  Raveendran Dudhlur

  Forthright Real Estate

  5127 Rowney St, Indianapolis, IN 46203
• 

  

  /17

  $173,900

  • 3 Beds
  • 1 Bath
  • 1,073 Sq Ft

  3930 Chateau Dr, Indianapolis, IN 46226

  Welcome home to this beautifully updated 3-bedroom ranch in Lawrence Township! Step inside to find new luxury vinyl plank flooring throughout and a bright, inviting layout. The completely renovated kitchen features new cabinetry, granite countertops, a center island, and new stainless-steel appliances. The updated bathroom includes a new tub with a stylish tile surround and modern finishes.

  

  Ilanit Gat

  F.C. Tucker Company

  3930 Chateau Dr, Indianapolis, IN 46226
• 

  

  /8

  $105,000

  • 3 Beds
  • 1 Bath
  • 1,410 Sq Ft

  840 S Pershing Ave, Indianapolis, IN 46221

  Great investment opportunity, rent comps show likely rent to be $1,250-$1,350. Owners daughter who is living in the home expressed interest in renting the home from new owner.

  

  Jordan Nelson

  @properties

  840 S Pershing Ave, Indianapolis, IN 46221
• 

  

  /3

  $197,500

  $18K PRICE DROP

  • Land
  • 6,098 Sq Ft
  • $1,410,714 per Acre

  1230 Central Ave, Indianapolis, IN 46202

  Positioned in one of Indianapolis' most desirable historic neighborhoods, this 40x155 homesite presents a compelling opportunity to create a custom residence in the heart of the Old Northside. Surrounded by timeless architecture and rich character, the lot offers an ideal canvas for thoughtfully designed new construction that aligns with the area's historic integrity. Enjoy immediate access to

  

  Jerry Gemmecke

  F.C. Tucker Company

  1230 Central Ave, Indianapolis, IN 46202
• 

  

  /15

  $97,700

  • 3 Beds
  • 2 Baths
  • 1,194 Sq Ft

  1121 N Kealing Ave, Indianapolis, IN 46201

  INVESTMENT OPPORTUNITY! This spacious 1.5-story, 3-bedroom, 2-bath home is ready for a full rehab and offers tons of potential for the right buyer. Featuring a loft, partial basement, and an oversized 2-car garage, there's plenty of space to bring your vision, tools, and ideas. This could be a fantastic opportunity to create something special! This is an Estate sale is subject to second-party

  

  Ashley Kirk

  The Real Estate Agency

  1121 N Kealing Ave, Indianapolis, IN 46201

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