4147 Bowman Ave Indianapolis, IN 46227
University Heights NeighborhoodEstimated payment $1,138/month
Highlights
- Ranch Style House
- No HOA
- Enclosed Glass Porch
- Wood Flooring
- 2 Car Detached Garage
- Laundry Room
About This Home
Investment Opportunity Near the University of Indianapolis! This move-in-ready 3-bedroom, 1.5-bath ranch offers exceptional potential for investors, first-time homebuyers, and those seeking a strong rental property in a high-demand Indianapolis location. Situated on the city's south side, this property is just minutes from the University of Indianapolis, major employers, I-65, downtown Indianapolis, shopping, dining, and entertainment. Inside, you'll find beautiful hardwood floors throughout, a functional floor plan, and a remodeled eat-in kitchen featuring updated modern finishes and stainless steel appliances. A dedicated laundry room, enclosed front porch, and detached 2-car garage add convenience and value, while the spacious lot provides room for outdoor enjoyment and future improvements. With strong rental demand near the University of Indianapolis and continued growth throughout the south Indianapolis market, this property presents multiple investment strategies, including buy-and-hold, long-term rental, owner-occupant, or value-add opportunities. Its desirable location, solid condition, and income-producing potential make it an attractive addition to any real estate portfolio. Don't miss this opportunity to own an affordable Indianapolis investment property with excellent upside potential. Schedule your private showing today and discover the possibilities.
Listing Agent
Antwon Culbreath
Redfin Corporation Brokerage Email: antwon.culbreath@redfin.com License #RB22001060 Listed on: 06/24/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,458
Year Built
- Built in 1968
Parking
- 2 Car Detached Garage
Home Design
- Ranch Style House
- Brick Exterior Construction
Interior Spaces
- 1,034 Sq Ft Home
- Combination Kitchen and Dining Room
- Crawl Space
Kitchen
- Electric Oven
- Microwave
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Schools
- Raymond F Brandes School 65 Elementary School
- Arlington Community Middle School
- Arsenal Technical High School
Additional Features
- Enclosed Glass Porch
- 5,401 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- University Heights Subdivision
Listing and Financial Details
- Tax Lot 191
- Assessor Parcel Number 491031101001260501
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,545 | $104,400 | $18,200 | $86,200 |
| 2024 | $2,151 | $103,600 | $18,200 | $85,400 |
| 2023 | $2,151 | $87,000 | $18,200 | $68,800 |
| 2022 | $1,826 | $73,700 | $18,200 | $55,500 |
| 2021 | $1,480 | $60,500 | $18,200 | $42,300 |
| 2020 | $1,398 | $56,800 | $18,200 | $38,600 |
| 2019 | $1,289 | $51,200 | $13,800 | $37,400 |
| 2018 | $1,139 | $44,500 | $13,800 | $30,700 |
| 2017 | $984 | $42,700 | $13,800 | $28,900 |
| 2016 | $813 | $35,500 | $13,800 | $21,700 |
| 2014 | $642 | $29,700 | $13,800 | $15,900 |
| 2013 | $603 | $29,000 | $13,800 | $15,200 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/31/2026 07/31/26 | Price Changed | $170,000 | -2.9% | $164 / Sq Ft | |
| 07/14/2026 07/14/26 | Price Changed | $175,000 | -2.8% | $169 / Sq Ft | |
| 06/24/2026 06/24/26 | For Sale | $180,000 | +195.1% | $174 / Sq Ft | |
| 05/16/2014 05/16/14 | Sold | $61,000 | +10.9% | $59 / Sq Ft | View Prior Sale |
| 04/08/2014 04/08/14 | Pending | -- | -- | -- | |
| 03/23/2014 03/23/14 | For Sale | $55,000 | -- | $53 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Fidelity Land Title Agency | |
| Sheriffs Deed | $52,275 | None Available | |
| Limited Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $45,750 | New Conventional | |
| Previous Owner | $12,000 | Stand Alone Second | |
| Previous Owner | $75,000 | New Conventional | |
| Previous Owner | $65,200 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $16,300 | Stand Alone Second |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22110189
APN: 49-10-31-101-001.260-501
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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