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University Heights Multifamily Home for Sale

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    $290,000

    • 4 Beds
    • 4 Baths

    2609 E Troy Ave, Indianapolis, IN 46203

    Cash flowing duplex located minutes from Downtown, Fountain Square, Beech Grove, and the Southside! Totally remodeled in 2023. Updated plumbing and electrical. New roof on house and garage in 2022. New garage doors 2022. Kitchen refrigerator and electric range on both sides. Basement windows new in 2023, along with basement bedrooms and bathrooms. Flooring, tile, vanity, basement bedrooms,

    Sam Kingdon Key Realty Indiana

    2609 E Troy Ave, Indianapolis, IN 46203

Why Live in University Heights

University Heights, located six miles south of Indianapolis, is a college town centered around the University of Indianapolis. The neighborhood is home to approximately 12,000 residents and is known for its lower housing prices and proximity to the city. Commuting to downtown Indianapolis is convenient, with Interstate 65 running through the area, making the drive less than 15 minutes, while bus routes offer a 30-minute alternative. The neighborhood features a mix of midcentury ranch-style homes, bungalows, Cape Cods, and split-level homes, with some new developments like Green Lea Acres. Recreational activities in University Heights often revolve around the university, with community members enjoying access to the Krannert Memorial Library, athletic events, and the Christel De Haan Fine Arts Center. The UIndy Tennis Center provides a public space for tennis enthusiasts, while Smith Mall offers green spaces and a reflecting pool. Southside Park is a popular spot for outdoor gatherings, featuring a playground, picnic pavilion, and sports field. The Indiana Central Little League complex is also a notable feature for young athletes. For education, students attend Raymond F. Brandes School for pre-K through sixth grade, and older students go to Southport Middle School and Southport High School, which have decent ratings. Calvary Christian School offers a private education option from preschool through 12th grade. Dining options in University Heights include casual eateries like Jimmy’s Diner and Colonial Tavern, known for its nightly karaoke and weekly trivia. Grocery shopping is convenient with Walmart and Tienda Don Miguel nearby. The crime rate in University Heights is comparable to the national average, making it a practical choice for those seeking a balance of city access and suburban living.

Home Trends in University Heights, IN

Housing Trends

Median Sale Price
$425,000
Median Single Family Sale Price
$430,000
Median Townhouse Sale Price
$356,990
Median 2 Bedroom Sale Price
$800,000
Median 1 Bedroom Sale Price
$154,000
Average Price Per Sq Ft
$288
Number of Homes for Sale
44
Last 12 months Home Sales
178
Months of Supply
3.00
Median List Price
$451,890
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-13%
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