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Indianapolis, IN Homes for Sale under $500,000

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  • /2

    $400,000

    • Land
    • 0.75 Acre
    • $533,333 per Acre

    373 N Holmes Ave, Indianapolis, IN 46222

    Zoned for 8 single-family home lots on a hard corner in an up-and-coming area. Close to Indianapolis and perfect for 8 rental units.

    Daniel Sharrer Capstone Commercial Realty

    373 N Holmes Ave, Indianapolis, IN 46222
  • /37

    $429,750

    • 3 Beds
    • 3.5 Baths
    • 2,082 Sq Ft

    816 E 21st St, Indianapolis, IN 46202

    ASK ABOUT A RATE BUY DOWN OPTION. Enjoy modern luxury near Fall Creek Place in this 2021 custom built home, The contemporary 3-bedroom, 3.5-bath set-up blends incredible design with everyday convenience just minutes from downtown Indianapolis and the vibrant Fall Creek Place neighborhood. Could work well as an investment for short-term rental as well! The open-concept layout showcases a chef's

    Randy Wasmuth Highgarden Real Estate

    816 E 21st St, Indianapolis, IN 46202
  • /33

    $449,899

    • 4 Beds
    • 2.5 Baths
    • 2,438 Sq Ft

    142 E Banta Rd, Indianapolis, IN 46227

    Welcome Home to Forrest Commons! This 4-bedroom, 2.5-bath brick ranch by Gorman Homes offers over 2,000 sq. ft. of living space and a 3-car garage. The eat-in kitchen features ceramic tile, cherry cabinets, solid surface countertops, a center island, and a backsplash, flowing into the great room with a gas fireplace, tray ceilings, crown molding, and beautiful hardwood floors. The primary suite

    Lora Reynolds Epique Inc

    142 E Banta Rd, Indianapolis, IN 46227
  • /39

    $499,990 New Construction

    • 2 Beds
    • 2 Baths
    • 1,746 Sq Ft

    7942 Beaumont Green Place, Indianapolis, IN 46250

    Welcome to your dream home in the prestigious Beaumont on the Green neighborhood! This brand new, meticulously designed condo offers an unparalleled living experience with its blend of luxury and comfort. Featuring 2 spacious bedrooms and 2 beautifully appointed full baths, covered porch offers a serene outdoor retreat, perfect for relaxing and entertaining guests. The gourmet kitchen is equipped

    Ally Gallagher Keller Williams Indpls Metro N

    7942 Beaumont Green Place, Indianapolis, IN 46250
  • /38

    $440,000

    • 2 Beds
    • 2.5 Baths
    • 1,200 Sq Ft

    612 Pomeroy St, Indianapolis, IN 46202

    Stunning Modern Two-Story Condo in Highly Desirable Chatham Arch - Steps from Bottleworks, Mass Ave & Downtown Indy Vibes! Welcome home to effortless urban living in one of Indianapolis' most coveted neighborhoods-Chatham Arch! This pristine 2-bedroom, 2.5-bath two-story condo (built in 2016) delivers contemporary style, smart updates, and unbeatable walkability to everything that makes downtown

    James Fox Daniels Real Estate

    612 Pomeroy St, Indianapolis, IN 46202
  • /69

    $425,000

    • 4 Beds
    • 3 Baths
    • 3,124 Sq Ft

    4747 Guion Rd, Indianapolis, IN 46254

    If walls could talk, this mid-1800s home would have the best stories to tell. Perfectly blending original character with modern updates, this one-of-a-kind home sits on 1.30 scenic acres framed by mature trees and lush landscaping. A charming brick pathway leads you to the front porch, setting the tone for the character found throughout. Inside, you will find a large open foyer welcoming you with

    Vickie Jordan Home Bound Real Estate LLC

    4747 Guion Rd, Indianapolis, IN 46254
  • /42

    $470,000

    • 5 Beds
    • 3 Baths
    • 2,985 Sq Ft

    6136 Clydesdale Ln, Indianapolis, IN 46259

    Welcome to a beautiful neighborhood in Franklin Township. This charming property offers the perfect combination of style, space, and location. From the moment you step inside, you'll appreciate the thoughtful design and care that has gone into maintaining this home. Featuring spacious living areas, an inviting open-concept floor plan, and modern finishes throughout, this home is ideal for both

    Van Thawng Diamond Stars Realty LLC

    6136 Clydesdale Ln, Indianapolis, IN 46259
  • /38

    $474,900

    • 4 Beds
    • 4 Baths
    • 2,076 Sq Ft

    6329 Allisonville Rd, Indianapolis, IN 46220

    Welcome to this beautifully updated 4-bedroom, 2.5-bath home nestled on 0.75 acres in desirable Washington Township. Surrounded by mature trees and generous outdoor space, this property offers a blend of privacy and convenience to everything the Northside of Indy has to offer. Warm living room featuring a wood-burning fireplace and built-ins. Barn doors open to a versatile in-law quarters-ideal

    Barbara Magsamen F.C. Tucker Company

    6329 Allisonville Rd, Indianapolis, IN 46220
  • /72

    $450,000

    • 2 Beds
    • 2 Baths
    • 1,571 Sq Ft

    932 Broadway St Unit 15, Indianapolis, IN 46202

    HARD TO FIND EXQUISITE CUSTOM PENTHOUSE IN HISTORIC CHATHAM ARCH! A one-of-a-kind, contemporary masterpiece, this luxury penthouse offers an unparalleled living experience in Downtown Indy's prestigious Chatham Arch neighborhood. Just a short walk from Mass Ave, Lockerbie Square, fine dining, and premier entertainment, this elegant, single-level residence epitomizes sophistication and privacy.

    Allen Williams Berkshire Hathaway Home

    932 Broadway St Unit 15, Indianapolis, IN 46202
  • /30

    $405,890 New Construction

    • 5 Beds
    • 3.5 Baths
    • 3,079 Sq Ft

    5209 Great Percheron 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
    5209 Great Percheron Dr, Indianapolis, IN 46239
  • /40

    $420,000

    • 3 Beds
    • 3 Baths
    • 2,002 Sq Ft

    1644 Lexington Ave, Indianapolis, IN 46203

    Don't miss this rare find-a stunning, fully updated 3-bedroom, 3-full-bath home located in the heart of desirable Fountain Square! This home is a perfect blend of modern luxury and functional living. The open concept floor plan with 9-foot ceilings is flooded with natural light, showcasing the beautiful LVT hardwood flooring throughout the main living area. Convenience is key with a main level

    Amy O'Brien O'Brien Team Realty

    1644 Lexington Ave, Indianapolis, IN 46203
  • /36

    $425,000

    • 2 Beds
    • 2 Baths
    • 1,503 Sq Ft

    430 N Park Ave Unit 513, Indianapolis, IN 46202

    Enjoy stunning city views from this 5th-floor condo in the historic Lockerbie Glove Co. building. This unique residence features exposed brick walls, wood-beamed ceilings, and an open, light-filled layout on one level. The large kitchen offers a breakfast bar overlooking the great room-perfect for entertaining. Both bedrooms and the great room capture sweeping views of the downtown skyline and

    John Pacilio eXp Realty, LLC

    430 N Park Ave Unit 513, Indianapolis, IN 46202
  • /34

    $495,000

    • 2 Beds
    • 2.5 Baths
    • 1,663 Sq Ft

    350 N Meridian St Unit 905, Indianapolis, IN 46204

    Welcome to the Historic Athletic Club Condos in the heart of Downtown Indianapolis! This stunning top-floor residence offers 1,663 sq. ft. of living space with two spacious primary suites, 10' ceilings, and expansive UV-protected windows showcasing breathtaking views of the World War Memorial and city views! The condo features walnut hardwood floors, a marble steam shower, and Restoration

    Blake Richardson Hanza Realty, LLC

    350 N Meridian St Unit 905, Indianapolis, IN 46204
  • /41

    $409,500

    • 2 Beds
    • 2 Baths
    • 1,404 Sq Ft

    5527 Carrollton Ave, Indianapolis, IN 46220

    Charming, Fully Updated Bungalow in the Heartbeat of SoBro Welcome to your dream bungalow in one of Indy's most walkable neighborhoods. Nestled along tree-lined streets, this 2-bed, 2-bath gem has been completely transformed with new electrical, plumbing, and stunning finishes throughout. Step inside to discover brand new hardwood floors, a quartz-countertop kitchen that's as functional as it is

    Laura Waters Highgarden Real Estate

    5527 Carrollton Ave, Indianapolis, IN 46220
  • /43

    $500,000

    • 4 Beds
    • 3.5 Baths
    • 2,965 Sq Ft

    406 E 51st St, Indianapolis, IN 46205

    Meridian-Kessler // This home is full of space, character, and potential and is waiting for someone ready to make it shine. Nestled in one of Indy's most beloved neighborhoods, this two story home with an attic and basement blends the warmth of original craftsmanship with the promise of a great investment on a double lot. Step through the enclosed front porch into a living room where wood-beam

    Lesli Gibson Maywright Property Co.

    406 E 51st St, Indianapolis, IN 46205
  • /4

    $475,000 New Construction

    • 6 Beds

    4235 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

    4235 Evanston Ave, Indianapolis, IN 46205
  • /26

    $400,000

    • 3 Beds
    • 2.5 Baths
    • 1,576 Sq Ft

    10640 Penn Dr, Indianapolis, IN 46280

    Welcome Home! Carmel Schools! Fully renovated 3-bedroom, 2.5-bath Ranch Home offering modern style and effortless living. Step inside to beautiful hardwood floors and an open-concept living area perfect for everyday living and entertaining. The magazine-worthy kitchen is the heart of the home, featuring a large island with seating, stainless steel appliances, and a versatile adjacent space ideal

    Stephanie Evelo Keller Williams Indy Metro NE

    10640 Penn Dr, Indianapolis, IN 46280
  • /25

    $449,000

    • 3 Beds
    • 2 Baths
    • 2,678 Sq Ft

    613 E New York St, Indianapolis, IN 46202

    Finding a townhome with historic charm and modern livability can be a tall order. Good news-you've found one! This Lockerbie Square townhome is chock-full of character, featuring original hardwood floors and exposed brick. These details are perfectly paired with an open kitchen, updated bathrooms, and a versatile floor plan offering several options for casual living and a third-floor home office.

    Joe Everhart Everhart Studio, Ltd.

    613 E New York St, Indianapolis, IN 46202
  • /59

    $410,000

    • 5 Beds
    • 3.5 Baths
    • 3,301 Sq Ft

    4646 Crosby Buck Dr, Indianapolis, IN 46237

    Nestled at 4646 Crosby Buck Dr, Indianapolis, IN, this home in Marion County presents an exceptional living experience. Imagine preparing culinary masterpieces in a kitchen designed for both functionality and aesthetic pleasure; the large kitchen island becomes a central gathering point, while the kitchen bar and peninsula offer additional seating and preparation space, all illuminated by the

    Shamyl Tufail eXp Realty, LLC

    4646 Crosby Buck Dr, Indianapolis, IN 46237
  • /35

    $415,000

    • 3 Beds
    • 2.5 Baths
    • 2,412 Sq Ft

    8102 Woodcreek Dr, Indianapolis, IN 46256

    Rare Opportunity in desired Knollwood At The Creek! Spacious ranch offers a peaceful setting with beautiful wooded views and community greenspace. This 3-bedroom 2.5 bath home provides plenty of room to relax and entertain. Hardwood floor entry opens to huge vaulted great room with gas fireplace that provides a comfortable and warm feel. Bright sun room with tiled floor and slider leading to

    Ted Jahanshahi Berkshire Hathaway Home

    8102 Woodcreek Dr, Indianapolis, IN 46256
  • /12

    $415,000

    • 6 Beds

    1315 Union St, Indianapolis, IN 46225

    This fully remodeled duplex features two spacious units, each offering 3 bedrooms, 2.5 baths, and 1,650 square feet of living space. Both sides include modern finishes, updated systems, and thoughtful layouts ideal for long-term tenants. The property is currently bringing in $2,700 per month in combined rent, with room to increase as market rents in the area continue to rise. Located near

    Olga Bliuc-Haggard New Quantum Realty Group

    1315 Union St, Indianapolis, IN 46225
  • /14

    $489,900

    • 6 Beds
    • 4 Baths

    438 Jefferson Ave, Indianapolis, IN 46201

    This fully leased duplex, just minutes from downtown Indianapolis, sits in a lively, up-and-coming neighborhood. Updated in 2023, it offers immediate cash flow and strong income potential, with current rents still under market rates. Each unit has 3 bedrooms, 1.5 baths, a living and dining room, plus a laundry room with included appliances. The unfinished basement adds storage or future upgrade

    Danielle Shouse Shouse Realty Group LLC

    438 Jefferson Ave, Indianapolis, IN 46201
  • /11

    $435,000 New Construction

    • 3 Beds
    • 2 Baths

    1706 Ingram St, Indianapolis, IN 46218

    Turnkey New Construction townhome! Strong Cash Flow & Upside. The Unit Mix: 3 bed/2 bath per unit x2 Units! Projected Monthly Rent: $1,794 (3x2) / $3,588 Gross Monthly Total. Units: 2. Step into this new construction duplex in the revitalizing Martindale/Brightwood neighborhood, one of Indianapolis' fastest-growing corridors for residential and mixed-use development. This turnkey home is designed

    Ed Neu Neu Real Estate Group

    1706 Ingram St, Indianapolis, IN 46218
  • /17

    $445,000

    • 4 Beds
    • 2.5 Baths
    • 3,448 Sq Ft

    4729 Orlando Ct, Indianapolis, IN 46228

    Your dream house awaits in this updated mid-century modern charmer! Boasting 3,400 SF of finished space, this home generously offers 4 bedrooms, mulitple living/rec spaces, 2 fireplaces and an incredible outdoor space! This home contains gorgeous original details like stone fireplaces, built-in shelves and marble window sills blending beautifully with the many updates! The open and flexible

    Grace Castino The Brokerage Company of Indiana

    4729 Orlando Ct, Indianapolis, IN 46228
  • /16

    $499,000 New Construction

    • 2 Beds
    • 2 Baths

    2143 Columbia Ave, Indianapolis, IN 46202

    Exceptional investment opportunity in Downtown Indianapolis! This brand-new, all-brick duplex is professionally built with high-quality materials and modern finishes throughout, featuring two spacious 2-bed, 2-bath units each with its own dedicated garage bay. Tenant-ready interiors include open-concept living, durable LVP flooring, stainless steel appliances, granite countertops, and in-unit

    Nicole Crouch Crossroads Realty, LLC

    2143 Columbia Ave, Indianapolis, IN 46202
  • /16

    $484,990 New Construction

    • 3 Beds
    • 2.5 Baths
    • 1,756 Sq Ft

    10481 Cornell Ave, Indianapolis, IN 46280

    Modern new construction with open-concept living in the heart of Homeplace- zoned for top-rated Carmel Schools. Flooded with natural light and thoughtfully designed for everyday living, this 3-bedroom home offers the clean lines and low-maintenance lifestyle today's buyers crave. The open-concept main level features wide-plank flooring, a spacious living area, and an upgraded kitchen with center

    David Klain DB Realty Group, LLC

    10481 Cornell Ave, Indianapolis, IN 46280
  • /44

    $400,000 New Construction

    • 4 Beds
    • 2.5 Baths
    • 2,287 Sq Ft

    7628 Big Bend Blvd, Indianapolis, IN 46113

    D.R. Horton, America's Builder, presents the Bristol. This beautifully designed 2,232 sq ft former model home offers 4 spacious bedrooms and 2.5 baths, perfect for comfortable family living. The open-concept layout features a bright great room and a cozy breakfast nook, ideal for everyday living and entertaining. The kitchen includes a center island, ample counter space, and modern finishes.

    Frances Williams DRH Realty of Indiana, LLC

    7628 Big Bend Blvd, Indianapolis, IN 46113
  • /27

    $454,990 New Construction

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

    7327 Raybourn Ct, 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
    7327 Raybourn Ct, Indianapolis, IN 46259
  • /78

    $440,000

    • 3 Beds
    • 2.5 Baths
    • 2,240 Sq Ft

    8426 Carefree Cir, Indianapolis, IN 46236

    Welcome home to this meticulously maintained 3-bedroom, 2.5-bathroom masterpiece in the established Windsong neighborhood. From the moment you pull into the quiet cul-de-sac, the exquisite landscaping and all-brick exterior set the stage for a home that is as beautiful as it is enduring. Step inside to find high-end finishes throughout the main level, including Merbau/Natural Brazilian hardwoods

    Amy O'Brien O'Brien Team Realty

    8426 Carefree Cir, Indianapolis, IN 46236
  • /10

    $500,000

    • Land
    • 8.68 Acres
    • $57,604 per Acre

    6630 S Meridian St, Indianapolis, IN 46217

    9 Acres of Untapped Potential in Indianapolis, a rare opportunity awaits with this expansive 9-acre parcel just 14 minutes from downtown Indianapolis. Offering an abundance of prime build sites, this property is the perfect canvas to design your dream home, private retreat, or future investment. Set against a backdrop of natural beauty, the land provides the privacy and seclusion you desire,

    Denis O'Brien Keller Williams Indy Metro S

    6630 S Meridian St, Indianapolis, IN 46217
  • /39

    $449,900

    • 3 Beds
    • 2.5 Baths
    • 1,988 Sq Ft

    1501 Spann Ave, Indianapolis, IN 46203

    Stunning Fountain Square Home with Modern Updates Located in the heart of highly sought-after Fountain Square, this beautiful 3-bedroom, 2.5-bath home offers the perfect blend of charm and contemporary living. Built in 2018 and offering 1,988 square feet, this residence places you just steps from Fountain Square's Vibrant Nightlife, Coffee Shops, Local Eateries, Craft Breweries, and the Cultural

    Barbara Magsamen F.C. Tucker Company

    1501 Spann Ave, Indianapolis, IN 46203
  • /42

    $415,000

    • 5 Beds
    • 3.5 Baths
    • 3,220 Sq Ft

    7234 Darley Ln, Indianapolis, IN 46259

    Welcome home to this spacious 3,220 sq. ft., 5 bedroom, 3.5 bath two-story built by Lennar Homes in the desirable Tremont subdivision of Franklin Township! Designed with today's lifestyle in mind, this open-concept floorplan offers flexibility, functionality, and room. The main level features a private bedroom with its own full bath-perfect for multi-generational living, guests, or anyone needing

    Pat Watkins Mike Watkins Real Estate Group

    7234 Darley Ln, Indianapolis, IN 46259
  • /26

    $449,000

    • 2 Beds
    • 2 Baths
    • 1,459 Sq Ft

    624 E Walnut St Unit 21, Indianapolis, IN 46204

    Welcome home to Mill No. 9 Lofts in the heart of Mass Ave! This rare corner unit blends modern industrial design with soaring 14-foot cathedral ceilings, exposed ductwork, and dramatic floor-to-ceiling windows overlooking the vibrant cityscape. The home seamlessly combines authentic urban character with thoughtful modern upgrades, offering effortless city living. Located in the bustling Mass Ave

    Patricia McCormick Trueblood Real Estate

    624 E Walnut St Unit 21, Indianapolis, IN 46204
  • /45

    $495,000

    • 3 Beds
    • 3.5 Baths
    • 2,783 Sq Ft

    2126 N Pennsylvania St, Indianapolis, IN 46202

    Near northside living at its finest! Spacious 3 bed/3 1/2 bath Heron Morton Townhouse! Open and inviting entry way steps into warm living room with gas fireplace and great natural light. Nicely updated and well appointed chef friendly kitchen with floor to ceiling cabinets, walk in pantry and large eat in island perfect for gathering! Large open family sitting area off kitchen leads out to

    Gary Boram Berkshire Hathaway Home

    2126 N Pennsylvania St, Indianapolis, IN 46202
  • /39

    $459,000

    • 4 Beds
    • 2.5 Baths
    • 2,311 Sq Ft

    1070 Saratoga Cir, Indianapolis, IN 46280

    This beautifully maintained 4-bedroom, 2.5-bath home blends timeless charm with meaningful updates in an incredible location! The kitchen is at the heart of the main level and has been refreshed with professionally refinished cabinetry, a new stainless-steel refrigerator, center island, pantry, and bright breakfast area. Formal living and dining spaces add flexibility for hosting and special

    Danielle Maynard eXp Realty, LLC

    1070 Saratoga Cir, Indianapolis, IN 46280
  • /26

    $475,000

    • 6 Beds
    • 3 Baths

    518 Woodruff Place East Dr, Indianapolis, IN 46201

    Welcome to this amazing duplex in sought after Woodruff Place! The property is full of charming details including arched doorways, thoughtful built-ins, and original hardwoods. Whether you plan to house hack or are looking for an investment this is a great opportunity in a wildly popular area. The covered front porch is perfect for relaxing on hot summer days. Through the front door you are

    Adrienne Johnson Epique Inc

    518 Woodruff Place East Dr, Indianapolis, IN 46201
  • /49

    $400,000 Open Sun 1PM - 3PM

    • 4 Beds
    • 3 Baths
    • 2,976 Sq Ft

    636 Bakeway Cir, Indianapolis, IN 46231

    This spacious 4 bed, 3 full bath home offers room to spread out inside and out, sitting on nearly half an acre! Right between Avon & Indy, this home comes with quick access to highways and everyday amenities. The backyard is made for relaxing and entertaining, featuring a screened-in porch, deck, fire pit, koi pond, garden beds, and a shed. Inside, you'll find both a formal living room with

    Paige Hewitt @properties

    636 Bakeway Cir, Indianapolis, IN 46231
  • /20

    $432,500 New Construction

    • 3 Beds
    • 3.5 Baths
    • 1,688 Sq Ft

    719 E 22nd St, Indianapolis, IN 46202

    This unit is ready for immediate move-in! The Truxton floor plan features three bedrooms, three full and one half baths, and 1,688 sq. ft. for the perfect mix of comfort and flexibility. The two-car attached garage is located on the first floor along with a private bedroom and full bath—ideal for guests, a home office, or a quiet retreat. The second level features an open-concept layout where the

    Onyx+East Builder
    719 E 22nd St, Indianapolis, IN 46202
  • /10

    $409,900 New Construction

    • 5 Beds
    • 3.5 Baths
    • 3,062 Sq Ft

    Johnstown Plan at Edgewood Farms, Indianapolis, IN 46239

    D.R. Horton, America's Builder, is pleased to present the Johnstown plan located in Indianapolis, Indiana. This home offers everything you need and more, with five bedrooms, three and a half bathrooms, a three-car garage. On the first floor, you'll find a spacious bedroom, large great room, dining area, and flex room or home office. The kitchen is the shining star of the home with 42 cabinetry,

    D.R. Horton Builder
    9102 Blunt Ave Unit 36206442, Indianapolis, IN 46239
  • /47

    $427,000 Open Sun 1PM - 3PM

    • 4 Beds
    • 2.5 Baths
    • 3,003 Sq Ft

    8223 Morera Ct, Indianapolis, IN 46237

    Spacious and beautifully designed, this over 3,000 sq. ft., two-level home offers 4 bedrooms and 2.5 baths with an open, versatile floor plan. The main level features high ceilings throughout and a large eat-in kitchen complete with a center island and stainless steel appliances, all included. A bright breakfast room flows seamlessly into the family room, highlighted by a cozy, modern electric

    Tamela Burton Keller Williams Indy Metro S

    8223 Morera Ct, Indianapolis, IN 46237

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