Indianapolis, IN Homes for Sale under $500,000

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  $424,900 Open Sat 3PM - 5PM

  • 3 Beds
  • 2 Baths
  • 1,550 Sq Ft

  4619 N Park Ave, Indianapolis, IN 46205

  This lovely home offers timeless character paired with thoughtful modern updates in the desirable Meridian-Kessler area. Recent improvements include a brand-new roof (2026) and a brand-new kitchen (2025) featuring quartz countertops and stainless steel appliances, delivering immediate value and peace of mind. The interior showcases refinished original hardwood floors, abundant natural light, and

  

  Amber Byrd

  F.C. Tucker Company

  (317) 342-8336

  4619 N Park Ave, Indianapolis, IN 46205
• Explore Indianapolis

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  /57

  $419,900 Open Sat 1PM - 3PM

  • 3 Beds
  • 3 Baths
  • 2,636 Sq Ft

  3305 Bay Point Dr, Indianapolis, IN 46240

  Stunning 3BR/3BA lakefront condo in highly desirable Lakes at the Crossing, situated on one of the community's best end-unit lots with exceptional privacy, mature trees, and serene water views from most rooms. The light-filled main level features a spacious living/dining area with cathedral ceilings, Brazilian cherry hardwoods, and balcony access. The kitchen offers KraftMaid cabinetry, roll-out

  

  Emily Dyer Humphrey

  Carpenter, REALTORS®

  (317) 785-1782

  3305 Bay Point Dr, Indianapolis, IN 46240
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  $499,900

  • 4 Beds
  • 2.5 Baths
  • 3,541 Sq Ft

  6520 Forrest Commons Blvd, Indianapolis, IN 46227

  This stunning custom-built 3,500+ sq. ft. home blends luxury, comfort, and thoughtful design. With four bedrooms, three bathrooms, and high-end finishes throughout, every detail is designed for modern living. Recent updates include a brand-new roof, walnut flooring, new furnace and AC, and a tankless water heater, so it's upgraded for longevity and worry-free living. The main-level primary suite

  

  Todd Ferris

  Ferris Property Group

  (317) 720-3886

  6520 Forrest Commons Blvd, Indianapolis, IN 46227
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  /33

  $400,000 Open Sun 1PM - 3PM

  • 2 Beds
  • 2.5 Baths
  • 1,711 Sq Ft

  450 E Ohio St Unit 118, Indianapolis, IN 46204

  Welcome home to downtown Indy at The Packard, now featuring new hardwood floors, quartz kitchen countertops, fresh paint, and updated lighting throughout. This refreshed condo offers an open, light-filled layout with the kitchen flowing seamlessly into the dining and living areas, ideal for everyday living and entertaining. Large windows enhance the bright, welcoming feel. Step onto your private

  

  Timothy Birky

  F.C. Tucker Company

  (463) 227-0123

  450 E Ohio St Unit 118, Indianapolis, IN 46204
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  /33

  $449,900

  • 6 Beds
  • 4 Baths
  • 2,358 Sq Ft

  1743 S Meridian St, Indianapolis, IN 46225

  1743/1745 S Meridian ST in INDIANAPOLIS, IN, this distinguished single family residence presents itself as an attractive property in great condition, embodying a blend of historical character and contemporary appeal. The culinary space is thoughtfully designed, featuring elegant shaker cabinets that provide ample storage, complemented by a functional kitchen bar, ideal for casual dining or

  

  Nathaniel Cromlich

  CENTURY 21 Scheetz

  (463) 252-3449

  1743 S Meridian St, Indianapolis, IN 46225
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  /3

  $500,000

  • Land
  • 0.15 Acre
  • $3,333,333 per Acre

  3744 N Keystone Ave, Indianapolis, IN 46218

  This is a rare opportunity to acquire three adjoining lots, totaling approximately 20,160 square feet, in a highly desirable and bustling commercial area. Strategically located near numerous businesses, this property boasts a high traffic count, ensuring maximum visibility and accessibility for any commercial endeavor. Nearby amenities include shopping centers, restaurants, professional services,

  

  Darrin Galyean

  My Agent

  (317) 936-1533

  3744 N Keystone Ave, Indianapolis, IN 46218
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  /41

  $430,000

  • 4 Beds
  • 3.5 Baths
  • 2,872 Sq Ft

  5433 Brendonridge Rd, Indianapolis, IN 46226

  This beautiful 4-bedroom, 3.5-bath home is a hidden gem in the desirable Brendonridge subdivision, nestled on nearly half an acre. Known for its spacious lots and one-of-a-kind homes, Brendonridge offers privacy and character while keeping you close to several parochial schools K-12 as well as Lawrence Township schools. The welcoming residence boasts two levels plus a partially finished basement

  

  Torrey Mindrebo

  Keller Williams Indpls Metro N

  (317) 597-8982

  5433 Brendonridge Rd, Indianapolis, IN 46226
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  /50

  $499,000 Open House 3/07

  • 3 Beds
  • 2 Baths
  • 2,576 Sq Ft

  5260 Cornelius Ave, Indianapolis, IN 46208

  Located in the highly sought-after Butler-Tarkington neighborhood of Indianapolis, this well-maintained bungalow offers a flexible floor plan, abundant natural light, and multiple living options ideal for today's buyers. The home includes 3 true bedrooms, 2 full bathrooms, and a dedicated office that can easily function as a 4th bedroom, making it a great option for buyers searching for a home

  

  Summer Hudson

  eXp Realty, LLC

  (317) 743-9269

  5260 Cornelius Ave, Indianapolis, IN 46208
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  /36

  $431,900

  • 3 Beds
  • 3 Baths
  • 2,125 Sq Ft

  401 Sanders St, Indianapolis, IN 46225

  The best of DOWNTOWN LIVING! BEAUTIFUL, newly built two-story home! Three bedrooms--including two primary suites--and three full bathrooms! Incredible Chef's Kitchen! Large closets! Great for work-at-home arrangement! Roof deck! Shade trees! Secured courtyard! Finished, two-car attached garage! Within walking distance to all of downtown! Bike to IUPUI, walk to Fountain Square and Garfield Park! A

  

  Michele Rinehart

  The Michele Group

  (317) 680-5703

  401 Sanders St, Indianapolis, IN 46225
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  /3

  $419,000

  • 2 Beds
  • 2 Baths

  3852 N Pennsylvania St, Indianapolis, IN 46205

  NO SHOWINGS UNTIL FRIDAY 2/26 Meridian-Kessler two-way facing double for ultimate privacy of tenants. Driveways on each side. 2 story - 2 beds plus 1.5 baths on each side. Kitchen with lots of cabinets, formal dining in each unit, living room on main plus two beds up. Hardwoods? - Of course! Basement? - Yes! Tenants would like to stay as they have been there for years. NO current leases though

  

  Janet Giles

  Your Realty Link, LLC

  (463) 238-3708

  3852 N Pennsylvania St, Indianapolis, IN 46205
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  $499,900

  • 2 Beds
  • 2 Baths
  • 1,237 Sq Ft

  504 N Park Ave Unit 3, Indianapolis, IN 46202

  Location, Location, Location! Two parking spaces so you never have to park on the street again! Don't miss this gorgeous, classic 2 bedroom 2 bath condo on Park Ave. Windows galore, two balconies, gas fireplace, waterfall island with seating for 6. High-end, white, Kitchen Aid appliances, new tile backsplash and counters. Custom, reclaimed-wood shutters offer privacy in living space. Primary

  

  Christi Coffey

  F.C. Tucker Company

  (463) 666-3092

  504 N Park Ave Unit 3, Indianapolis, IN 46202
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  /22

  $446,990 New Construction

  • 5 Beds
  • 3.5 Baths
  • 2,829 Sq Ft

  7407 Leatherwood Dr, Indianapolis, IN 46259

  The Liberty two-story single-family plan features a welcoming open-concept layout that’s perfect for hosting friends and family. A large center island anchors the kitchen, offering plenty of space for meal prep and casual dining. Just off the kitchen, the inviting great room keeps the conversation flowing.

  

  Beazer Homes

  Builder

  7407 Leatherwood Dr, Indianapolis, IN 46259
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  /36

  $445,000

  • 4 Beds
  • 2.5 Baths
  • 2,873 Sq Ft

  9426 Orchard Cove Dr, Indianapolis, IN 46239

  

  Harjot Suri

  Midland Realty Group, Inc.

  (463) 292-0416

  9426 Orchard Cove Dr, Indianapolis, IN 46239
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  $450,000 New Construction

  • 5 Beds
  • 4 Baths
  • 3,080 Sq Ft

  58 N Kealing Ave, Indianapolis, IN 46201

  Welcome home to 58 N Kealing Ave, Indianapolis, IN, this single-family residence presents an attractive property in great condition, ready to welcome its new owners. The living room offers a warm and inviting atmosphere, enhanced by the comforting presence of a fireplace. The kitchen stands as a culinary centerpiece, featuring a backsplash, a kitchen bar, a large kitchen island, white cabinets,

  

  Jamesha Norwood

  eXp Realty, LLC

  (317) 943-5755

  58 N Kealing Ave, Indianapolis, IN 46201
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  $400,995 New Construction

  • 5 Beds
  • 3 Baths
  • 2,736 Sq Ft

  Kingston Plan at Montgomery Woods, Indianapolis, IN 46239

  This two-story home is ideal for families and features a convenient first-floor bedroom, ideal for overnight guests, along with a private study and an open layout shared between the kitchen, dining area and Great Room. The second level includes a versatile loft surrounded by four spacious bedrooms—three of which feature walk-in closets. The upper-level owner’s suite is complemented by an attached

  Lennar Builder

  4436 Mendocino Blvd Unit 36041316, Indianapolis, IN 46239
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  /40

  $457,990 New Construction

  • 3 - 6 Beds
  • 2.5 - 4.5 Baths
  • 2,457 Sq Ft

  Charles Plan at Designer Collection in Emerald Preserve, Indianapolis, IN 46239

  The Charles by Fischer Homes offers a thoughtfully designed layout with spacious living areas and modern features. The entry foyer welcomes you into the home, leading to an included living room or optional dining area. The two-story family room creates a bright and open centerpiece, seamlessly connecting to the kitchen with an oversized walk-in pantry. The first-floor owners suite features a

  Fischer Homes Builder

  5250 Hickory Rd Unit 39100030, Indianapolis, IN 46239
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  /5

  $409,990 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,884 Sq Ft

  Drake Plan at Hickory Run, Indianapolis, IN 46239

  Welcome to the Drake, part of our Prestige Series. This floorplan includes four bedrooms, two-and-a-half baths, a flex room, a gathering room, an open-concept kitchen, a den, a loft, and a three-car garage. With five distinct elevations the opportunities are endless in creating your dream home.

  M/I Homes Builder

  10103 Bitternut Run Unit 39413585, Indianapolis, IN 46239
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  $483,990 New Construction

  • 4 Beds
  • 2 - 4 Baths
  • 2,535 Sq Ft

  Avery Plan at Designer Collection in Emerald Preserve, Indianapolis, IN 46239

  The Avery Floorplan by Fischer Homes offers a unique five-level design that seamlessly blends dynamic living spaces with private retreats. From the welcoming family foyer to the pocket office with an optional built-in desk, every detail is thoughtfully designed for modern living. The two-story family room serves as the heart of the home, connecting to an open kitchen with a large island and a

  Fischer Homes Builder

  5250 Hickory Rd Unit 39100022, Indianapolis, IN 46239
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  $482,490 New Construction

  • 4 Beds
  • 2.5 - 4.5 Baths
  • 2,884+ Sq Ft

  Drake Basement Plan at Sagebrook West - Prestige Series, Indianapolis, IN 46239

  Welcome to the Drake, part of our Prestige Series. This one-of-a-kind floorplan includes four bedrooms, two-and-a-half baths, a flex room, a gathering room, an open-concept kitchen, a den, a loft, optional basement, and a three-car garage. This show-stopping kitchen is just as customizable as the rest of the home. We have plenty of choices for cabinets, countertops, hardware, backsplashes, and

  M/I Homes Builder

  10715 Mangrove Dr Unit 36473134, Indianapolis, IN 46239
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  /17

  $432,990 New Construction

  • 4 - 5 Beds
  • 2.5 Baths
  • 3,382+ Sq Ft

  Kensington Plan at Sagebrook West - Prestige Series, Indianapolis, IN 46239

  Welcome home to the Kensington. This two-story design is part of our Prestige Series and has been carefully designed to fit your needs. The standard layout of this home includes four bedrooms, two-and-a-half bathrooms, a dining room, a den, and a loft. Options abound in this design so that you can make it yours.

  M/I Homes Builder

  10715 Mangrove Dr Unit 36491776, Indianapolis, IN 46239
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  /5

  $479,490 New Construction

  • 4 - 6 Beds
  • 2.5 - 4.5 Baths
  • 2,878+ Sq Ft

  Columbia Basement Plan at Sagebrook West - Prestige Series, Indianapolis, IN 46239

  The Columbia Basement plan is a modern, split-level home with a finished lower level, a full basement, and impressive design features throughout 2,878–3,752 square feet!

  M/I Homes Builder

  10715 Mangrove Dr Unit 36491290, Indianapolis, IN 46239
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  $472,460 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,909 Sq Ft

  1837 Real St, Indianapolis, IN 46240

  Discover this exceptional new construction home at 1837 Real Street in Indianapolis, built by M/I Homes. This thoughtfully designed 1,909 square foot home offers 3 bedrooms and 2.5 bathrooms, featuring an open-concept living space perfect for both daily life and entertaining. Key Features: Study upgrade Electric fireplace Extended veranda Owner's en-suite bathroom The home's floorplan maximizes

  M/I Homes Builder

  1837 Real St, Indianapolis, IN 46240
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  $499,900

  • 3 Beds
  • 3.5 Baths
  • 3,655 Sq Ft

  1112 Spann Ave, Indianapolis, IN 46203

  Luxury new-construction 3-bedroom, 3.5-bath home located in the highly sought-after Fountain Square neighborhood! This stunning property features a fully finished, separate basement unit and private, fully fenced yards for each unit, offering exceptional flexibility and privacy. Showcasing high-end finishes throughout, the home is currently furnished and operating as a successful two-unit

  Jim Gilday eXp Realty, LLC

  1112 Spann Ave, Indianapolis, IN 46203
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  $478,530 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,916 Sq Ft

  1805 Real St, Indianapolis, IN 46240

  Explore the charm and modern comfort of 1805 Real Street, a beautifully crafted and decorated 3-bedroom, 2.5-bathroom model home by M/I Homes, available for tours. This thoughtfully designed 2-story home showcases contemporary features and a warm, inviting atmosphere, providing inspiration for your dream home. Discover the Open and Functional Layout Step inside to experience a stunning open

  M/I Homes Builder

  1805 Real St, Indianapolis, IN 46240
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  /5

  $492,490 New Construction

  • 4 - 6 Beds
  • 2.5 - 5.5 Baths
  • 3,152+ Sq Ft

  Glendale Basement Plan at Sagebrook West - Prestige Series, Indianapolis, IN 46239

  Welcome home to the Glendale. The Glendale is a brand-new floorplan in our Prestige Series, which has been carefully designed to fit the way you live today. Its standard layout features four bedrooms and two and a half bathrooms that includes a flex room, a morning room, a loft, an open-concept design, and a two-car garage.

  M/I Homes Builder

  10715 Mangrove Dr Unit 36501199, Indianapolis, IN 46239
• 

  $467,990 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,071 Sq Ft

  9332 Bauhaus Way, Indianapolis, IN 46240

  Discover this stunning new construction home located at 9332 Bauhaus Way in Indianapolis, built by M/I Homes. This thoughtfully designed 3-bedroom, 2.5-bathroom home spans 2,071 square feet and showcases quality craftsmanship throughout. Key Features: Study Extended veranda Open-concept living space Owner's en-suite bathroom This home sits in a desirable neighborhood known for its proximity to

  M/I Homes Builder

  9332 Bauhaus Way, Indianapolis, IN 46240
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  /6

  $432,490 New Construction

  • 3 - 4 Beds
  • 2 - 3 Baths
  • 2,191+ Sq Ft

  Cheswicke II Basement Plan at Sagebrook West - Prestige Series, Indianapolis, IN 46239

  Welcome to the Cheswicke II! This ranch-style home gives you the amenities needed for today’s lifestyle as well as the options to truly make it your own. Throughout, you will find a two-car garage, an open-concept kitchen, a dining nook, a gathering room, a dining room, three bedrooms, and two bathrooms.

  M/I Homes Builder

  10715 Mangrove Dr Unit 36462275, Indianapolis, IN 46239
• 

  $436,530 New Construction

  • 5 Beds
  • 3 Baths
  • 2,719 Sq Ft

  6131 Paperbark Way, Indianapolis, IN 46259

  Discover this stunning new construction home at 6131 Paperbark Way in Indianapolis, built by M/I Homes. This impressive 2,719 square foot home offers exceptional space and thoughtful design throughout. Home Features: 5 bedrooms, 3 full bathrooms First floor guest suite Electric fireplace in the gathering room Loft Walk-in closets in each upstairs bedroom This well-designed home showcases the

  M/I Homes Builder

  6131 Paperbark Way, Indianapolis, IN 46259
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  /6

  $482,490 New Construction

  • 4 - 6 Beds
  • 2.5 - 4.5 Baths
  • 2,884+ Sq Ft

  Drake Basement Plan at Hickory Run, Indianapolis, IN 46239

  Welcome to the Drake, part of our Prestige Series. This one-of-a-kind floorplan includes four bedrooms, two-and-a-half baths, a flex room, a gathering room, an open-concept kitchen, a den, a loft, optional basement, and a three-car garage. This show-stopping kitchen is just as customizable as the rest of the home. We have plenty of choices for cabinets, countertops, hardware, backsplashes, and

  M/I Homes Builder

  10103 Bitternut Run Unit 39413586, Indianapolis, IN 46239
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  /30

  $439,040 New Construction

  • 5 Beds
  • 3 Baths
  • 3,054 Sq Ft

  4238 Bumps End Dr, Indianapolis, IN 46239

  The largest floorplan in the collection, this two-story home offers convenience and comfort. A separate bedroom and a study can be found off the foyer, providing space for guests and a practical home office. The Great Room, dining room and kitchen are arranged among a spacious open floorplan. Four bedrooms and a loft are located on the second floor.

  Lennar Builder

  4238 Bumps End Dr, Indianapolis, IN 46239
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  $421,995 New Construction

  • 5 Beds
  • 3.5 Baths
  • 3,054 Sq Ft

  Valencia Plan at Montgomery Woods, Indianapolis, IN 46239

  The largest floorplan in the collection, this two-story home offers convenience and comfort. A separate bedroom and a study can be found off the foyer, providing space for guests and a practical home office. The Great Room, dining room and kitchen are arranged among a spacious open floorplan. Four bedrooms and a loft are located on the second floor.

  Lennar Builder

  4436 Mendocino Blvd Unit 36041317, Indianapolis, IN 46239
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  $471,990 New Construction

  • 4 - 5 Beds
  • 2 - 5 Baths
  • 2,711+ Sq Ft

  Grandin Plan at Designer Collection in Emerald Preserve, Indianapolis, IN 46239

  The Grandin by Fischer Homes offers a stunning and versatile design tailored for modern living. The main level features a soaring two-story family room and a light-filled morning room, seamlessly connected to an open kitchen with an expansive island and seating. A casual living space at the rear of the home can be customized into a private guest suite or a pocket office with a first-floor laundry

  Fischer Homes Builder

  5250 Hickory Rd Unit 39100025, Indianapolis, IN 46239
• 

  $452,410 New Construction

  • 5 Beds
  • 2.5 Baths
  • 2,714 Sq Ft

  6207 Countryside Forge Way, Indianapolis, IN 46259

  Discover this stunning new construction home at 6207 Countryside Forge Way in Indianapolis, offering 2,714 square feet of thoughtfully designed living space. Built by M/I Homes, this impressive 5-bedroom, 2.5-bathroom home features an open-concept living space perfect for both daily life and entertaining. Key Features: 2.5-car garage First-floor guest suite Loft Walk-in closets in each bedroom

  M/I Homes Builder

  6207 Countryside Forge Way, Indianapolis, IN 46259
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  $474,995 New Construction

  • 5 Beds
  • 3 Baths
  • 3,190 Sq Ft

  4219 Bumps End Dr, Indianapolis, IN 46239

  Montgomery Woods is a community bringing new single-family homes for sale, coming soon to Indianapolis, IN. The community is located near ample opportunities for outdoor recreation, including Southeastway Park and Dakota Landing Golf Course, perfect for nature lovers and golf enthusiasts. The Kingston features an open concept design w/a convenient 5th bedroom on the 1st floor, along with a

  Erin Hundley Compass Indiana, LLC

  4219 Bumps End Dr, Indianapolis, IN 46239
• 

  $479,990 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,080 Sq Ft

  9408 Bauhaus Way, Indianapolis, IN 46240

  Discover this stunning new construction home at 9408 Bauhaus Way in Indianapolis, built by M/I Homes. This thoughtfully designed 2,080 square foot home offers exceptional quality and contemporary living spaces perfect for today's lifestyle. Key Features: Flex room Electric fireplace Extended veranda Owner's en-suite bathroom The home showcases superior design quality throughout, with careful

  M/I Homes Builder

  9408 Bauhaus Way, Indianapolis, IN 46240
• 

  

  /5

  $479,490 New Construction

  • 4 - 6 Beds
  • 2.5 - 4.5 Baths
  • 2,878+ Sq Ft

  Columbia Basement Plan at Hickory Run, Indianapolis, IN 46239

  The Columbia Basement plan is a modern, split-level home with a finished lower level, a full basement, and impressive design features throughout 2,878–3,752 square feet!

  M/I Homes Builder

  10103 Bitternut Run Unit 39413579, Indianapolis, IN 46239
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  /6

  $439,990 New Construction

  • 4 - 6 Beds
  • 2.5 - 5.5 Baths
  • 3,141+ Sq Ft

  Ainsley II Plan at Hickory Run, Indianapolis, IN 46239

  Welcome home to the Ainsley II. This beautifully crafted two-story home includes four exceptional exterior designs to choose from. Personalize this home to have it best fit your needs.

  M/I Homes Builder

  10103 Bitternut Run Unit 39413574, Indianapolis, IN 46239
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  /29

  $434,990 New Construction

  • 5 Beds
  • 3 Baths
  • 2,736 Sq Ft

  4137 Bumps End Dr, Indianapolis, IN 46239

  This two-story home is ideal for families and features a convenient first-floor bedroom, ideal for overnight guests, along with a private study and an open layout shared between the kitchen, dining area and Great Room. The second level includes a versatile loft surrounded by four spacious bedrooms—three of which feature walk-in closets. The upper-level owner’s suite is complemented by an attached

  Lennar Builder

  4137 Bumps End Dr, Indianapolis, IN 46239
• 

  

  /7

  $432,990 New Construction

  • 4 - 5 Beds
  • 2.5 Baths
  • 3,382+ Sq Ft

  Kensington Plan at Hickory Run, Indianapolis, IN 46239

  Welcome home to the Kensington. This two-story design is part of our Prestige Series and has been carefully designed to fit your needs. The standard layout of this home includes four bedrooms, two-and-a-half bathrooms, a dining room, a den, and a loft. Options abound in this design so that you can make it yours.

  M/I Homes Builder

  10103 Bitternut Run Unit 39413584, Indianapolis, IN 46239
• 

  

  /15

  $409,990 New Construction

  • 4 - 6 Beds
  • 2.5 - 4.5 Baths
  • 2,884+ Sq Ft

  Drake Plan at Sagebrook West - Prestige Series, Indianapolis, IN 46239

  Welcome to the Drake, part of our Prestige Series. This floorplan includes four bedrooms, two-and-a-half baths, a flex room, a gathering room, an open-concept kitchen, a den, a loft, and a three-car garage. With five distinct elevations the opportunities are endless in creating your dream home.

  M/I Homes Builder

  10715 Mangrove Dr Unit 36487842, Indianapolis, IN 46239

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