Indianapolis, IN Homes for Sale under $500,000

• 

  $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
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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 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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  $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
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  $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
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  /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
• 

  $420,370 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,321 Sq Ft

  6113 Paperbark Way, Indianapolis, IN 46259

  Discover this stunning new construction home at 6113 Paperbark Way Indianapolis, featuring exceptional design quality in a desirable neighborhood. Built by M/I Homes, this thoughtfully designed 4-bedroom, 2.5-bathroom home spans 2,321 square feet of open-concept living space. Key Features: 2.5-car garage Flex room Owner's en-suite bathroom The home's open-concept design seamlessly connects living

  M/I Homes Builder

  6113 Paperbark Way, Indianapolis, IN 46259
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  $439,990 New Construction

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

  Ainsley II Plan at Sagebrook West - Prestige Series, 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

  10715 Mangrove Dr Unit 36459989, Indianapolis, IN 46239
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  $445,990 New Construction

  • 4 - 5 Beds
  • 2.5 - 4.5 Baths
  • 2,731 Sq Ft

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

  The Wyatt by Fischer Homes offers a flexible and open design tailored for modern living. The main level features a versatile living or dining space that can be converted into a private study. The open-concept layout connects the family room, morning room, and kitchen, which boasts an expansive island with seating and a large walk-in pantry, with options for a pocket office and pantry or a morning

  Fischer Homes Builder

  5250 Hickory Rd Unit 39100021, Indianapolis, IN 46239
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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 Hickory Run, 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

  10103 Bitternut Run Unit 39413588, Indianapolis, IN 46239
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  $424,990 New Construction

  • 3 - 4 Beds
  • 2 - 3 Baths
  • 2,069 Sq Ft

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

  The Calvin ranch floorplan by Fischer Homes offers a spacious and versatile layout designed for single-level living. The expansive family room flows seamlessly into the kitchen and morning room, with the option to add a 4-foot morning room expansion or a raised tray ceiling for added elegance. The owners suite features a large walk-in closet and an optional door to the laundry for convenience.

  Fischer Homes Builder

  5250 Hickory Rd Unit 39100032, Indianapolis, IN 46239
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  $419,990 New Construction

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

  Glendale Plan at Hickory Run, Indianapolis, IN 46239

  Welcome home to the Glendale, a stunning floorplan featured in our Prestige Series. This home has been intentionally designed to fit the way you live today; its standard layout features four bedrooms, two-and-a-half bathrooms, a flex room, a morning room, a loft, an open-concept design, and a two-car garage.

  M/I Homes Builder

  10103 Bitternut Run Unit 39413581, Indianapolis, IN 46239
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  $455,990 New Construction

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

  4143 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

  4143 Bumps End Dr, Indianapolis, IN 46239
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  $450,000

  • 3 Beds
  • 2 Baths
  • 2,040 Sq Ft

  1406 Fletcher Ave, Indianapolis, IN 46203

  Classic character. Modern income. Prime location. Welcome to the charm of the past blended seamlessly with the future in one of Indy's most sought-after downtown neighborhoods, Fountain Square. This 2-bedroom home showcases rich hardwood floors throughout, a gourmet-style kitchen built for gathering, and a stunning original fireplace wrapped in intricate tile work that gives the space warmth and

  Leyton Wellbaum Highgarden Real Estate

  1406 Fletcher Ave, Indianapolis, IN 46203
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  $445,000

  • 4 Beds
  • 2.5 Baths
  • 3,859 Sq Ft

  1585 Danielle Dr, Indianapolis, IN 46231

  Don't Miss to see this beautiful house! It offers large open concept with two gathering rooms, separate dining and kitchen nook area and Guest living space. You will love the upstairs owner suite with large walk-in-closet and all other bedrooms offer walk-in closet. Amazing upgrades to the flooring with wood floor and Titles combination on both floor. It has huge backyard patio with beautiful

  Rajwinder Kaur Diamond Realty, Inc

  1585 Danielle Dr, Indianapolis, IN 46231
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  /27

  $474,500

  • 2 Beds
  • 3 Baths
  • 2,206 Sq Ft

  515 N Park Ave, Indianapolis, IN 46202

  Impress Your Guests! Located On A Charming, Tree Lined Street w/Classic Brick Sidewalks, This Large Condo Offers Sophisticated Urban Living. 2 Beautiful Balconies, 2 Spacious Primary Bedrooms w/En-Suites, Gleaming Hardwood Floors, Plenty of Light & Bright Opens Spaces PLUS Storage Galore! 2206 sq. ft. of Living Space Offers Opportunity To Create Distinct Personalized Areas. Full Bath On Main

  Patricia Mahoney F.C. Tucker Company

  515 N Park Ave, Indianapolis, IN 46202
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  $422,545 Open Sat 1PM - 3PM

  • 4 Beds
  • 2.5 Baths
  • 2,308 Sq Ft

  4819 Millstone Ct, Indianapolis, IN 46254

  Welcome Home! Move-in ready 4 bedroom, 2 1/2 bath just waiting for your personal touches. With spring just around the corner, this lovely home is located close to Eagle Creek Park, Rick's Boatyard Cafe. Take a bike ride or walk through the park and finish up just minutes down the road at Rick's on the patio overlooking the reservoir. Spacious eat-in kitchen with granite countertops, center

  Debbie Yozipovich RE/MAX Realty Group

  4819 Millstone Ct, Indianapolis, IN 46254
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  /15

  $419,900 New Construction

  • 2 Beds
  • 2.5 Baths
  • 1,691 Sq Ft

  441 Leota St, Indianapolis, IN 46203

  Home is New and Move-In Ready! One of the last 2 rooftop townhomes in Colere. Designed and crafted with your life in mind, Colere townhomes include stunning rooftop terraces with Indy skyline views and attached private garages. This home includes a large rooftop deck, 2 bedrooms, Den, 2.5 baths, a 2-car garage and excellent spaces for entertaining. Also included are quartz counter tops, raised

  Denise Potter Onyx and East, LLC

  441 Leota St, Indianapolis, IN 46203
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  /4

  $475,000 New Construction

  • 6 Beds

  4237 Evanston Ave, Indianapolis, IN 46205

  Proposed New Construction Duplex | Nickel Plate Village Introducing a brand-new Duplex investment opportunity in the highly desirable Fairgrounds neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1250 to 1374 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,900 per unit, this property

  Zachary Douglas Canull Group LLC

  4237 Evanston Ave, Indianapolis, IN 46205
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  /11

  $400,000

  • Land
  • 0.62 Acre
  • $643,087 per Acre

  3138 N Pennsylvania St, Indianapolis, IN 46205

  Capture this unique opportunity to build the home of your dreams with the ReDevelopment Group on this magnificent lot in Historic Meridian Park. The irregular lot is 100 feet wide, 244 feet deep on the south border and 269 feet deep on the north. The lot has unbelievable trees that could be maintained and partially surrounded by a brick property wall and then fully fenced. This home is surrounded

  Jenni Bliss McMillion @properties

  3138 N Pennsylvania St, Indianapolis, IN 46205
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  $499,900

  • 4 Beds
  • 4.5 Baths
  • 5,243 Sq Ft

  6507 Shamel Dr, Indianapolis, IN 46278

  Are you in search of a spacious home with endless potential in a prestigious neighborhood? Look no further! We are excited to present a wonderful opportunity in the highly sought-after Ashworth at West 86th neighborhood. This charming two-story home boasts an impressive amount of living space, featuring four generously sized bedrooms and five well-appointed bathrooms. With a finished basement and

  Bryan Rhoads LKV Realty, LLC

  6507 Shamel Dr, Indianapolis, IN 46278
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  /4

  $499,900

  • Land
  • 0.11 Acre
  • $4,544,545 per Acre

  358 W 29th St, Indianapolis, IN 46208

  Discover a unique investment opportunity in the heart of Indianapolis! This expansive property comprises five adjacent lots on the city's west side, close to major interstates and the beloved Children's Museum. Each lot measures 40 ft x 138 ft, offering a combined total of 27,600 sq. ft. Whether you're envisioning a new residential community, multifamily housing, or commercial development, these

  Charlene Gaard No Limit Real Estate, LLC

  358 W 29th St, Indianapolis, IN 46208
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  /56

  $424,000

  • 7 Beds
  • 5 Baths

  5917 Carrollton Ave, Indianapolis, IN 46220

  Discover an incredibly rare investment opportunity at 5917 Carrollton Ave, located in the heart of Indy's coveted A-Class Broad Ripple neighborhood. Just steps from the Monon Trail, the Canal, and the vibrant shops, bars, and dining of Broad Ripple Ave, this property offers unbeatable walkability and central convenience. This converted limestone ranch has been thoughtfully transformed into a

  Peter Stewart Keller Williams Indpls Metro N

  5917 Carrollton Ave, Indianapolis, IN 46220
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  /26

  $414,999

  • 4 Beds
  • 2.5 Baths
  • 3,198 Sq Ft

  5142 Cedar Mill Ln, Indianapolis, IN 46237

  Welcome to this stunning 4 bedroom, 2.5 bath home perfectly situated in the area's quaint and sought-after neighborhood, Ashland Pointe. You'll have all the room you need with over 3,000 square feet of thoughtfully designed, open concept living spaces that blend style and function perfectly. The luxury vinyl plank flooring, crown molding and 9' ceilings elevate the look of the main level. Enjoy a

  Kathleen Kiel CENTURY 21 Scheetz

  5142 Cedar Mill Ln, Indianapolis, IN 46237
• 

  $432,990 New Construction

  • 3 - 4 Beds
  • 2.5 Baths
  • 2,130 Sq Ft

  Patton Plan at The Towns at Fort Harrison, Indianapolis, IN

  Davis Homes Builder

  0 the Towns at Fort Harrison St Unit 36481539, Indianapolis, IN
• 

  $464,900 New Construction

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

  9504 Bauhaus Way, Indianapolis, IN 46240

  Discover this stunning new construction home at 9504 Bauhaus Way in Indianapolis featuring exceptional design quality and thoughtful details throughout. This beautiful 1,916 square foot home offers: 3 bedrooms 2.5 bathrooms Electric fireplace First-floor flex room Veranda The thoughtfully designed floorplan maximizes both functionality and comfort, creating seamless flow between living areas.

  M/I Homes Builder

  9504 Bauhaus Way, Indianapolis, IN 46240
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  $425,000

  • 2 Beds
  • 2.5 Baths
  • 1,708 Sq Ft

  737 Switchyard Place, Indianapolis, IN 46202

  Located in the heart of Fletcher Place, this 2020-built townhome offers a turnkey lifestyle in what many describe as a small town within the city. Tucked just off the main stretch, it delivers walkable access to Downtown Indianapolis while staying comfortably removed from the busyness. Inside, ample windows & 10-foot ceilings on the main level create a bright, open feel. The living rm features a

  Laura Waters Highgarden Real Estate

  737 Switchyard Place, Indianapolis, IN 46202
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  /40

  $412,000 New Construction

  • 1 Bed
  • 1 Bath
  • 949 Sq Ft

  877 N East St Unit 401-A, Indianapolis, IN 46202

  Enjoy an exclusive contemporary lifestyle downtown in Chatham Arch. This fourth floor unit features 10 ft ceilings and high-quality finishes. Open concept kitchen with Corian quartz waterfall island counters, backsplash and Kitchen Aid stainless appliances. Gorgeous oak floors throughout as well. This one bedroom one bathroom unit features a den space, spacious walk in closet and bathroom with

  Terry Brown CENTURY 21 Scheetz

  877 N East St Unit 401-A, Indianapolis, IN 46202
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  $425,000 Open Sun 12PM - 2PM

  • 3 Beds
  • 2.5 Baths
  • 2,036 Sq Ft

  1053 W 18th St, Indianapolis, IN 46202

  Built in 2022, this newer home is ideally located in popular Riverside, just steps from the Fall Creek Greenway, offering easy access to nearby parks, the Monon Trail, Downtown Indianapolis, and the Indianapolis Cultural Trail. Enjoy exceptional walkability and bikeability, with neighborhood favorites like AMP Food Court, Guggman Haus Brewing Company, and Tinker Coffee. Convenient to NIFS, Riley

  Michelle Mann F.C. Tucker Company

  1053 W 18th St, Indianapolis, IN 46202
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  /26

  $410,000

  • 2 Beds
  • 2 Baths
  • 1,260 Sq Ft

  630 N College Ave Unit 404, Indianapolis, IN 46204

  2 Bed/2 Bath/2 Parking Spots!! **1 year of pre-paid HOA offered at list price (conditions apply)** Located on the Hottest Strip in Downtown Indy at 630 N College AVE N Unit 404, Indianapolis, IN, this condominium offers an attractive property in great condition. The heart of this home resides in its meticulously designed kitchen, where culinary dreams take shape against a backdrop of shaker

  Christopher Jones Keller Williams Indy

  630 N College Ave Unit 404, Indianapolis, IN 46204
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  $445,000 New Construction

  • 6 Beds
  • 3.5 Baths
  • 3,300 Sq Ft

  5815 Sunstone Rd, Indianapolis, IN 46239

  Do not miss this spacious brand new home in Sapphire Ridge community. This beautiful home offers 6 bedrooms, 4 full bathrooms, a versatile loft, private study, and a 3-car garage. The main floor features a modern open-concept layout connecting the Great Room, dining area, and kitchen, a bedroom and full bathroom. Enjoy peaceful backyard privacy, on-site walking trails, and the comfort of a quiet

  Harnarender Kaur CENTURY 21 Scheetz

  5815 Sunstone Rd, Indianapolis, IN 46239
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  $439,900

  • 4 Beds
  • 2.5 Baths
  • 2,366 Sq Ft

  3628 N Pennsylvania St, Indianapolis, IN 46205

  Nestled at 3628 N Pennsylvania ST in Indianapolis, IN, this single-family residence offers a unique opportunity to own a piece of history in great condition. Built in 1910, this attractive property presents a blend of classic charm and modern convenience. The living room serves as an inviting space, anchored by a fireplace that promises warmth and ambiance during cooler months, while the vaulted

  Erica Scott Ever Real Estate, LLC

  3628 N Pennsylvania St, Indianapolis, IN 46205
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  /31

  $435,000

  • 5 Beds
  • 2 Baths
  • 2,892 Sq Ft

  866 Fletcher Ave, Indianapolis, IN 46203

  This beautiful Victorian home was built in 1876 and is still in amazing shape! The kitchen has been completely redone and both bathrooms updated! The mechanicals are all in great shape; The main house has TWO 200 amp panels. The majority of the interior plumbing was replaced in early 2024 by Hope Plumbing as well as some updates just made during the recent kitchen/bathroom work. There is a 97%

  Mina Starsiak Hawk Two Chicks Homes

  866 Fletcher Ave, Indianapolis, IN 46203
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  $439,900 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,579 Sq Ft

  711 N Fenton Ave, Indianapolis, IN 46219

  Experience refined living in this contemporary 2025 new build, thoughtfully crafted to deliver elevated style and everyday comfort. This stunning 3-bedroom, 2.5-bath residence is drenched in natural light and showcases an expansive open-concept design anchored by a dramatic open staircase and a show-stopping gourmet kitchen.The kitchen features elegant shaker-style cabinetry, premium stainless

  Harvir Kaur eXp Realty, LLC

  711 N Fenton Ave, Indianapolis, IN 46219
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  $495,000

  • 4 Beds
  • 3.5 Baths
  • 3,296 Sq Ft

  8804 Cholla Rd, Indianapolis, IN 46240

  Welcome to this meticulously maintained ranch home located in a quiet, family-friendly neighborhood in Washington Township. This home offers spacious main-level living with a partially finished basement. Major Bonus: The home includes an attached in-law quarters or home office with its own separate entrance and private deck - perfect for multi-generational living, guest space, or remote work.

  Roman Baisa United Real Estate Indpls

  8804 Cholla Rd, Indianapolis, IN 46240
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  $489,900

  • 4 Beds
  • 4 Baths
  • 2,616 Sq Ft

  1909 Ruckle St, Indianapolis, IN 46202

  NEW, HUGE UPDATES! This beautifully refreshed home offers modern finishes, flexible living space, and an income-producing guest house or studio apartment in a prime near-northside location. The main level features brand-new LVT flooring throughout the entry, living room, dining room, kitchen, and bathroom, while the upper level boasts plush new carpeting in all bedrooms and stairs. The recently

  Brad Untrauer Envoy Real Estate, LLC

  1909 Ruckle St, Indianapolis, IN 46202
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  /48

  $440,000

  • 5 Beds
  • 3 Baths

  2455 Shelby St, Indianapolis, IN 46203

  Discover the inviting multi-family residence, a ready-to-move-in property awaiting its next chapter. The main level features 3 bedrooms and 1 bathroom. Two of the bedrooms, the bathroom, the living/dining area, and the kitchen are all located on the main floor, while the third bedroom is situated in a loft area upstairs that is spacious enough to include a seating area with built-in wooden

  Gloria Gear Keller Williams Indy Metro S

  2455 Shelby St, Indianapolis, IN 46203
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  /14

  $499,900 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,007 Sq Ft

  1334 English Ave, Indianapolis, IN 46203

  Welcome to your new home in the heart of historic Fountain Square! This brand-new build offers over 2,000 sq. ft. of modern living space with an open floor plan designed for both comfort and style. The spacious kitchen is perfect for cooking and entertaining, while the dedicated home office makes working from home easy and efficient. Enjoy peace of mind with a builder's home warranty and the

  Denise Potter Onyx and East, LLC

  1334 English Ave, Indianapolis, IN 46203
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  /31

  $489,900 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,970 Sq Ft

  2043 Bellefontaine St, Indianapolis, IN 46202

  Welcome home to this elegant new construction located in the highly sought-after Kennedy-King neighborhood. Just one block from the Monon Trail and within walking distance to local favorites like The Alchemist and Kountry Kitchen, this nearly 2,000-square-foot home offers high-end finishes and quality craftsmanship throughout. The kitchen features stunning Taj Mahal granite countertops with a

  Tyler Renick Tyler Knows Real Estate LLC

  2043 Bellefontaine St, Indianapolis, IN 46202
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  /26

  $425,000

  • 4 Beds
  • 2.5 Baths
  • 2,603 Sq Ft

  2948 Guilford Ave, Indianapolis, IN 46205

  Welcome to this stunning craftsman style home in the heart of Monon Yard, offering the rare feel of a waterfront retreat as it backs directly up to scenic Fall Creek-just steps from Command Coffee, Goose the Market, and direct access to the Monon Trail. Built in 1916, this spacious 4 bedroom, 2.5 bathroom residence features two primary suites and a beautifully preserved and thoughtfully updated

  Trent Kiester @properties

  2948 Guilford Ave, Indianapolis, IN 46205

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