Indianapolis, IN Homes for Sale under $200,000

• 

  

  

  /19

  $130,000 New Construction

  • 2 Beds
  • 1 Bath
  • 900 Sq Ft

  318 N Kealing Ave, Indianapolis, IN 46201

  This home must be sold to income-eligible buyers as their primary residence and purchased through the Indianapolis Neighborhood Housing Partnership (INHP). A buyer's income cannot exceed 80% of the area median income, and the buyer must be pre-approved for a mortgage loan through INHP or one of its lender partners. See attached income chart in supplemental attachments. Eligible buyers will be

  Sam Snell Berkshire Hathaway Home

  318 N Kealing Ave, Indianapolis, IN 46201
• 

  

  

  /25

  $199,500

  • 3 Beds
  • 2 Baths
  • 832 Sq Ft

  721 N Linwood Ave, Indianapolis, IN 46201

  Discover this beautifully updated 3-bedroom, 2-bath home, featuring fresh paint throughout and new vinyl plank flooring that adds warmth and style to every room! The spacious eat-in kitchen with a new refrigerator, range, and microwave is perfect for family gatherings and entertaining guests, offering both comfort and functionality. Both bathrooms have been thoughtfully renovated, showcasing

  Lori Lawrence The Modglin Group

  721 N Linwood Ave, Indianapolis, IN 46201
• 

  

  

  /19

  $174,900

  • 2 Beds
  • 2 Baths

  228 N Tacoma Ave, Indianapolis, IN 46201

  Turnkey Duplex - One Side Leased at $700/Month, Other Side Vacant with $1,000/Month Potential or Owner-Occupy Option! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement with 2 built out rooms is half occupied and currently generating $700/month in rental income. The other side is vacant and ready - with potential to rent for around

  Rolonda Lolla Austyn Avenue Real Estate

  228 N Tacoma Ave, Indianapolis, IN 46201
• 

  

  

  /27

  $104,900

  • 2 Beds
  • 1 Bath
  • 908 Sq Ft

  5415 E 34th St, Indianapolis, IN 46218

  Charming Bungalow - Move-In Ready! Make this adorable two-bedroom bungalow your new home! Featuring 2 bedrooms, 1 full bath, and thoughtful updates throughout, this home is full of charm and comfort. Enjoy new flooring, updated kitchen cabinets, and freshly painted walls, giving the space a bright and modern feel. Perfect for first-time buyers, downsizers, or anyone seeking a cozy place to call

  Nina Klemm F.C. Tucker Company

  5415 E 34th St, Indianapolis, IN 46218
• 

  

  

  /19

  $169,900

  • 3 Beds
  • 1 Bath
  • 936 Sq Ft

  4307 Terrace Ave, Indianapolis, IN 46203

  Welcome home to this sweet 3 bedroom ranch featuring fresh paint and new floor coverings throughout, new front and back entry doors and storm doors and so much more. The 2 year old tilt-in windows makes for easy maintenance and cleaning. The large 2 car detached garage features a new overhead and new service door plus a fresh polymer floor finish. The updated heating and cooling plus new water

  Linda West Carpenter, REALTORS®

  4307 Terrace Ave, Indianapolis, IN 46203
• 

  

  /14

  $102,400

  • 3 Beds
  • 2 Baths
  • 1,928 Sq Ft

  1207 W 35th St, Indianapolis, IN 46208

  **Potential Investor Fix and Flip in Armstrong Park** This large 3 bedroom home has had some recent renovations completed but could use your finishing touches and expert design skills. Towering 2-story perched atop a hill with two large bedrooms upstairs including a full bath and expansive primary bedroom on the main level with its own en-suite. This functional floor plan once renovated is highly

  Brian Pachciarz Estansion Group by BLP

  1207 W 35th St, Indianapolis, IN 46208
• 

  

  /18

  $199,000

  • 3 Beds
  • 2 Baths
  • 1,128 Sq Ft

  6017 Northland Rd, Indianapolis, IN 46228

  Welcome to this 3-bedroom, 2-full-bath home offering opportunity in Pike Township! Held as a successful long-term rental for over 15 years, this property presents a solid option for investors or a great chance for a first-time homebuyer ready to add personal touches and build equity. Situated on a large lot, the home features a fully fenced backyard with a storage shed, perfect for outdoor

  Stina Gutierrez Keller Williams Indy Metro NE

  6017 Northland Rd, Indianapolis, IN 46228
• 

  

  /14

  $175,000

  • 3 Beds
  • 1 Bath
  • 858 Sq Ft

  1002 Collier St, Indianapolis, IN 46241

  Welcome to 1002 Collier St, Indianapolis, IN. A beautifully refreshed home packed with major updates for peace of mind and comfort. Enjoy a brand-new roof, windows, furnace, A/C, water heater, ceiling fan, and a freshly dug well. Plus, a 2-car garage and corner-lot access, allowing you to enjoy your privacy. The appliances stay, making this home even more convenient for you. All of this and just

  Lyndsey Adams The Stewart Home Group

  1002 Collier St, Indianapolis, IN 46241
• 

  

  /27

  $166,000

  • 3 Beds
  • 1 Bath
  • 1,032 Sq Ft

  4915 E 14th St, Indianapolis, IN 46201

  Amazing opportunity awaits near the beloved Little Flower neighborhood-where style and comfort meet everyday living! This charming brick bungalow is full of character, featuring stunning hardwood floors that will make you swoon. The full unfinished basement offers endless possibilities, including a space that's been used as a 4th bedroom and plenty of storage for all your treasures. Just minutes

  Scott Wynkoop Wynkoop Brokerage Firm, LLC

  4915 E 14th St, Indianapolis, IN 46201
• 

  

  /37

  $199,900

  • 3 Beds
  • 1.5 Baths
  • 2,099 Sq Ft

  6911 Littleton Dr, Indianapolis, IN 46221

  Nestled at 6911 Littleton Dr, this single-family residence in Marion County offers an inviting home that is ready to move in. Imagine cozy evenings spent in the living room, the fireplace casting a warm glow that dances across the space and creates an atmosphere of relaxation and contentment. In the kitchen, you'll find the shaker cabinets and backsplash adding a touch of elegance and refinement,

  Randy Placencia Red Bridge Real Estate

  6911 Littleton Dr, Indianapolis, IN 46221
• 

  

  /26

  $170,000

  • 2 Beds
  • 1 Bath
  • 1,073 Sq Ft

  4342 N Olney St, Indianapolis, IN 46205

  Move-in ready 2 bed, 1 bath home in the revitalizing Avondale Meadows area. Inside you'll find updated laminate flooring, tile in the bathroom, butcher block countertops, and fresh paint throughout. Mechanical systems are in great shape with a newer water heater. Previously rented for $1,300/month, this home works perfectly as a cash-flowing investment or an affordable owner-occupied option. Just

  Max Moore @properties

  4342 N Olney St, Indianapolis, IN 46205
• 

  

  /6

  $150,000

  • 2 Beds
  • 2 Baths

  4143 N Catherwood Ave, Indianapolis, IN 46226

  Great Investment Property- turnkey duplex on Indy's near-eastside! Each unit features 1 bed/1 bath and is tenant-occupied for immediate cash flow with rents at $680 and $685/month. Functional layouts, steady income, and a convenient location close to downtown. Wether you're expanding your portfolio or searching for a reliable rental asset, this duplex is a solid, low-maintenance addition. Check

  Max Moore @properties

  4143 N Catherwood Ave, Indianapolis, IN 46226
• 

  

  /14

  $175,000

  • 2 Beds
  • 1 Bath
  • 1,040 Sq Ft

  1617 E Sumner Ave, Indianapolis, IN 46227

  This move-in ready home is now available and ready for its next owner! Offering just over 1,000 square feet of updated living space, this property features new flooring, fresh paint throughout, and a two car garage. The updates create a clean, bright, and welcoming atmosphere, making it easy to envision settling right in. Located just minutes from shopping, restaurants, and everyday amenities,

  Jaylen Sprague Carpenter, REALTORS®

  1617 E Sumner Ave, Indianapolis, IN 46227
• 

  

  /21

  $194,900

  • 5 Beds
  • 2 Baths
  • 1,400 Sq Ft

  2015 Ralston Ave, Indianapolis, IN 46218

  Lots of potential in this 5 bedroom, 2 bath, ranch home as an investment or fixer. The exterior has been mostly completed with the exception of some fence work and landscaping. The interior needs cosmetics in order to bring back to life. Located near new construction and appreciating values, this home could be a great addition to your investment portfolio. Roof appears newer as well as some

  Brian Pachciarz Estansion Group by BLP

  2015 Ralston Ave, Indianapolis, IN 46218
• 

  

  /4

  $150,000

  • 3 Beds
  • 1 Bath
  • 1,854 Sq Ft

  4078 Rookwood Ave, Indianapolis, IN 46208

  Opportunity awaits at 4078 Rookwood Avenue. This 3-bedroom, 1-bath home is in need of rehab. The property offers solid square footage, a full basement, and is situated on a quiet street with quick access to downtown Indianapolis and major corridors. Whether you're looking to flip, hold, or rebuild, this is a chance to create value from the ground up.

  Katrina Archie RE/MAX Advanced Realty

  4078 Rookwood Ave, Indianapolis, IN 46208
• 

  

  /12

  $149,900

  • 2 Beds
  • 1.5 Baths
  • 1,053 Sq Ft

  221 Miley Ave, Indianapolis, IN 46222

  Welcome to 221 Miley Avenue — a versatile home just minutes from downtown, IUPUI, and the Indianapolis Motor Speedway. Featuring 2 bedrooms and 1.5 baths, this property works beautifully as a first home or as a ready-to-go short-term rental. The home was operated part time as an Airbnb, and as a result the home is available fully furnished for an additional $5,000, making it an easy transition

  David Dwinell Dzierba Real Estate Services

  221 Miley Ave, Indianapolis, IN 46222
• 

  

  /11

  $179,800

  • 3 Beds
  • 1 Bath
  • 1,084 Sq Ft

  8530 E Michigan St, Indianapolis, IN 46219

  Welcome to this three bedroom, one bath home positioned on a generous corner lot in Warren Township. This property offers remarkable potential for buyers looking to add value, personalize a home, or explore future possibilities. The open living and dining layout provides a great starting point for updates, and the unfinished basement offers additional space that can grow with your needs. The

  Katrina Archie RE/MAX Advanced Realty

  8530 E Michigan St, Indianapolis, IN 46219
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  /32

  $142,500

  • 3 Beds
  • 2 Baths
  • 1,512 Sq Ft

  3904 Ireland Dr, Indianapolis, IN 46235

  Calling Investors & Handy Buyers! Charming Corner-Lot Home in Brandywine of Lawrence Township! Welcome home to this inviting 3-bedroom, 2-bath residence offering just over 1,500 square feet of comfortable living space. Situated on a desirable corner lot in the sought-after Brandywine neighborhood, this property blends convenience, functionality, and opportunity. A spacious front yard welcomes you

  Rosie Berzenye T&H Realty Services, Inc.

  3904 Ireland Dr, Indianapolis, IN 46235
• 

  

  /4

  $125,000

  • 2 Beds
  • 2 Baths
  • 983 Sq Ft

  4291 Village Parkway Cir W Unit 11, Indianapolis, IN 46254

  Come see this 2 bedroom, 2 bath condominium with a open kitchen to the living room. Bedrooms are split for privacy. Large Entry Closet and you also have a laundry closet as you enter the unit. This unit has an assigned parking space. This unit is currently being rented, so could be for investment as well. Many amenities in the community. Pool, exercise room, hot tub, clubhouse and pickle ball

  Brian Diss Wall and Associates

  4291 Village Parkway Cir W Unit 11, Indianapolis, IN 46254
• 

  

  /38

  $155,000

  • 3 Beds
  • 1.5 Baths
  • 1,262 Sq Ft

  3444 Hermosa Ct, Indianapolis, IN 46235

  AFFORDABLE one-level BRICK home, located on a cul-de-sac is full of possibilities. Lovingly lived in and cared for by the same family for more than 60 years, it's the kind of place where memories were made. Inside you will find a generous living room. The kitchen opens to a great room that can easily serve as a cozy living area or a formal dining space. A portable dishwasher ADDS convenience, and

  Ema Boykova M & E Realty Group

  3444 Hermosa Ct, Indianapolis, IN 46235
• 

  

  /28

  $160,000

  • 3 Beds
  • 1.5 Baths
  • 1,530 Sq Ft

  19 Parkview Ave, Indianapolis, IN 46201

  Seller is offering a contribution toward a 2-1 interest rate buydown (subject to lender approval). Contact your lender or agent for details. This beautifully renovated 3-bedroom, 1.5-bathroom townhome is move-in ready and just minutes from downtown Indianapolis. Nestled among other revitalized homes, this property boasts brand-new HVAC system, flooring, water heater, electrical, and plumbing. An

  Ashley Marino Berkshire Hathaway Home

  19 Parkview Ave, Indianapolis, IN 46201
• 

  

  /20

  $188,000

  • 3 Beds
  • 2 Baths
  • 1,218 Sq Ft

  4607 N Hartman Dr, Indianapolis, IN 46226

  This charming 3 bedroom, 2 bath home features two separate living spaces, offering flexibility for everyday living, working from home, or simply relaxing. The home is move-in ready, with important updates completed about three years ago, including a new roof, gutters, HVAC, electrical panel, updated bathrooms, and a crawlspace vapor barrier. Outside, the large fenced backyard with a shed provides

  Lisa Bishop CENTURY 21 Scheetz

  4607 N Hartman Dr, Indianapolis, IN 46226
• 

  

  /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
• 

  

  /5

  $174,900

  • 2 Beds
  • 2 Baths

  224 N Tacoma Ave, Indianapolis, IN 46201

  Turnkey Duplex - Fully Leased, $1,850/Month Income! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement is fully occupied and generating $1,850/month in rental income. Each unit is on a current lease, providing stability and cash flow from day one. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. This

  Rolonda Lolla Austyn Avenue Real Estate

  224 N Tacoma Ave, Indianapolis, IN 46201
• 

  

  /30

  $142,900

  • 4 Beds
  • 2 Baths

  1445 W Lee St, Indianapolis, IN 46221

  Calling all investors! This fully occupied duplex offers great cash flow potential with two units, each featuring 2 bedrooms, 1 bath, and a detached 1-car garage. Tenants are already in place, providing immediate income from day one. Conveniently located near local amenities, shopping, dining, and major highways, this property is perfect for any investor looking to expand their portfolio. Don't

  Edwin Watson Triple E Realty, LLC

  1445 W Lee St, Indianapolis, IN 46221
• 

  

  /12

  $119,900

  • 3 Beds
  • 1 Bath
  • 924 Sq Ft

  1750 Olive St, Indianapolis, IN 46203

  **Investor special** This 3 bedroom, 1 bath home could be fixed up to be a nice addition to your rental portfolio. Strong area comps located just south of Bates Hendricks and Fountain Square and in close proximity to the Pleasant Run Trail. Property is a foreclosure but recently was tenanted. Seller does not own the lot next door. End buyers only, no wholesalers. Seller prefers all offers to be

  Brian Pachciarz Estansion Group by BLP

  1750 Olive St, Indianapolis, IN 46203
• 

  

  /21

  $125,000

  • 1 Bed
  • 1 Bath
  • 518 Sq Ft

  230 E 9th St Unit 109, Indianapolis, IN 46204

  Seth Patton Luxcity Realty

  230 E 9th St Unit 109, Indianapolis, IN 46204
• 

  

  /20

  $169,900

  • 3 Beds
  • 3 Baths
  • 900 Sq Ft

  1946 N Euclid Ave, Indianapolis, IN 46218

  Single family residence currently split into 2 potential cash flowing units (Unit A and B). This home will need some minor cosmetics to make turn-key but has the potential to have 3-4 rentable units. The home has a front unit made up of 1 bed and 1 bath. The rear unit is an efficiency. Construction has started in the basement for the potential of a 3rd unit. There is a bathroom already located in

  Brian Pachciarz Estansion Group by BLP

  1946 N Euclid Ave, Indianapolis, IN 46218
• 

  

  /40

  $124,000

  • 2 Beds
  • 1 Bath
  • 864 Sq Ft

  1434 Winfield Ave, Indianapolis, IN 46222

  INVESTOR ALERT! Fantastic opportunity in the revitalizing west side of Indianapolis. This 2-bedroom, 1-bath home was taken down to the studs and extensively renovated approximately eight years ago, with major components already completed. The home features updated electrical and insulation, windows replaced about five years ago, newer siding installed two years ago, gas heating with central air

  Guadalupe Ortiz CENTURY 21 Scheetz

  1434 Winfield Ave, Indianapolis, IN 46222
• 

  

  /10

  $147,900

  • 2 Beds
  • 1.5 Baths
  • 1,008 Sq Ft

  948 Ketcham St, Indianapolis, IN 46222

  Salhma Lauro-Alvarado F.C. Tucker Company

  948 Ketcham St, Indianapolis, IN 46222
• 

  

  /16

  $125,000

  • 2 Beds
  • 2 Baths
  • 1,242 Sq Ft

  641 E 30th St, Indianapolis, IN 46205

  Previously remodeled and ready for its next chapter, this charming two-bedroom home offers modern updates and classic appeal in one of Indianapolis's most desirable neighborhoods. Step inside to discover thoughtfully renovated spaces featuring contemporary finishes while maintaining warm character throughout. The updated single bathroom complements the home's overall refresh, and every corner

  Chris Duke Elite Indy Realty Group

  641 E 30th St, Indianapolis, IN 46205
• 

  

  /4

  $134,999

  • Land
  • 3.13 Acres
  • $43,131 per Acre

  6700 #4 W Ralston Rd, Indianapolis, IN 46221

  This beautiful 3 +/- acre property is located in southwest Indianapolis, offering a prime location for your dream home. The property features a mix of open space and mature trees, providing a tranquil and scenic environment while still offering plenty of room to build. With its flat terrain and minimal clearing needed, this land is ready for development. Conveniently located near essential

  Kolton Williford Stamper Realty Group

  6700 #4 W Ralston Rd, Indianapolis, IN 46221
• 

  

  /3

  $120,000

  • Land
  • 0.12 Acre
  • $1,000,000 per Acre

  3131 N College Ave, Indianapolis, IN 46205

  Build your own dream home close to downtown, Broad Ripple, Monon Trail, Fall Creek Trail.

  Awett Tedla F.C. Tucker Company

  3131 N College Ave, Indianapolis, IN 46205
• 

  

  /18

  $187,500

  • 2 Beds
  • 1.5 Baths
  • 1,347 Sq Ft

  8409 Chapel Pines Dr, Indianapolis, IN 46234

  Welcome to Chapel Pines! Located in the desirable Chapel Pines neighborhood, this condo offers mature trees, open green space, and a convenient location close to shopping, dining, and major highways. The HOA covers lawn care, snow removal, and water/sewer-providing a truly low-maintenance lifestyle. The spacious living room features a vaulted ceiling and a cozy fireplace as its centerpiece. Two

  Jodie Chandler Crossroads Real Estate Group LLC

  8409 Chapel Pines Dr, Indianapolis, IN 46234
• 

  

  /40

  $174,500

  • 3 Beds
  • 2 Baths
  • 1,569 Sq Ft

  6525 Emerald Hill Ct Unit 208, Indianapolis, IN 46237

  Discover comfort and convenience in this well-maintained Condominium located on floor 2, at 6525 Emerald Hill Ct #208, Indianapolis IN. Featuring 3 bedrooms and 2 bathrooms, large dining and front room areas, this inviting home boasts a spacious open layout with plenty of natural light. The kitchen comes equipped with new modern appliances and ample cabinetry. Relax on the private balcony or

  Steven Koleno Beycome Brokerage Realty LLC

  6525 Emerald Hill Ct Unit 208, Indianapolis, IN 46237
• 

  

  /5

  $200,000

  • 3 Beds
  • 2.5 Baths
  • 1,800 Sq Ft

  20 N Pershing Ave, Indianapolis, IN 46222

  This spacious 3-bedroom, 2.5-bath home offers 1,800 square feet and is currently rented for $1,450 per month. Recently fully rehabbed, it features updated finishes throughout and a modern, functional layout. Tenants enjoy the extra space and amenities, making it an attractive long-term rental. A turnkey investment with strong income and minimal upkeep.

  Olga Bliuc-Haggard New Quantum Realty Group

  20 N Pershing Ave, Indianapolis, IN 46222
• 

  

  /7

  $145,900

  • 4 Beds
  • 1 Bath
  • 1,008 Sq Ft

  2305 E Legrande Ave, Indianapolis, IN 46203

  Chauncyia Coleman eXp Realty, LLC

  2305 E Legrande Ave, Indianapolis, IN 46203
• 

  

  /34

  $129,900

  • 4 Beds
  • 1.5 Baths
  • 1,864 Sq Ft

  521 N Alton Ave, Indianapolis, IN 46222

  Located at 521 N Alton AVE, INDIANAPOLIS, IN, this single-family residence presents an inviting home, ready to move in and begin a new chapter. The heart of this home lies in its kitchen, where shaker cabinets provide a blend of classic style and practical storage. Step outside to discover a fenced backyard, a private sanctuary ready for relaxation and recreation, and a patio area ideal for quiet

  Isabella Frazier Trelora Realty

  521 N Alton Ave, Indianapolis, IN 46222
• 

  

  /26

  $130,000

  • 4 Beds
  • 2 Baths
  • 714 Sq Ft

  718 N Linwood Ave, Indianapolis, IN 46201

  Excellent opportunity for investors and rehabbers! This spacious 4-bedroom, 2 full bathroom property offers a strong layout and solid potential for a profitable fix-and-flip. The home features generously sized bedrooms, multiple living areas, and a functional floor plan ideal for modern updates. With the right renovations, this property can be transformed into a high-value resale or long-term

  Jessica Green CityPlace Realty

  718 N Linwood Ave, Indianapolis, IN 46201
• 

  

  /82

  $165,000

  • 3 Beds
  • 2 Baths
  • 1,380 Sq Ft

  1945 N Goodlet Ave, Indianapolis, IN 46222

  Welcome to this charming 3-bedroom home offering comfort, functionality, and room to grow. The main level features an inviting eat-in kitchen and a full bath, while the basement includes an additional bathroom and is ready to be finished to suit your needs-perfect for creating extra living space, a workshop, or a recreational area. Tall ceilings and mostly hardwood floors enhance the home's warm,

  Michelle Nolley Nolley Realty Services, LLC

  1945 N Goodlet Ave, Indianapolis, IN 46222

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