545 Fletcher Ave Indianapolis, IN 46203
Fletcher Place NeighborhoodEstimated payment $5,960/month
Total Views
7,898
5
Beds
6
Baths
2,200
Sq Ft
$443
Price per Sq Ft
Highlights
- Guest House
- Wood Flooring
- Separate Formal Living Room
- Mature Trees
- Victorian Architecture
- No HOA
About This Home
Welcome to 545 & 547 Fletcher Avenue - a rare opportunity to own two fully finished homes in the heart of downtown Indy. This turnkey property includes a stunning 3-bed, 2.5-bath main home with thoughtfully designed built-in bunks, perfect for guests or added sleeping capacity, along with a brand-new 2-bed, 2.5-bath carriage house offering complete privacy and flexibility for short-term rental or extended stay use. Whether you're seeking a stylish personal residence with bonus income potential or a pure investment play, this one checks all the boxes. Just a short walk to Lucas Oil Stadium, Gainbridge Fieldhouse, and the buzzing Fountain Square district, you or your guests will have front-row access to the city's best events, nightlife, and dining. Currently operating as a successful Airbnb, this property boasts a competitive cap rate with room to push even higher through optimization and dynamic pricing. The layout and design are ideal for hosting, with open-concept living, premium finishes, and a warm, modern aesthetic throughout both homes. Every corner has been carefully crafted for comfort, functionality, and that "wow" factor. This is more than a home-it's a lifestyle asset in one of Indy's most vibrant urban neighborhoods. Reach out today to schedule a private tour and explore the potential firsthand.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,900
Year Built
- Built in 1900 | Remodeled
Lot Details
- 5,401 Sq Ft Lot
- Mature Trees
Parking
- 2 Car Detached Garage
- Workshop in Garage
Home Design
- Victorian Architecture
- Block Foundation
- Wood Siding
Interior Spaces
- 2-Story Property
- Bar Fridge
- Woodwork
- Entrance Foyer
- Family Room with Fireplace
- Separate Formal Living Room
- Wood Flooring
- Unfinished Basement
- Basement Cellar
- Attic Access Panel
- Monitored
- Laundry on upper level
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Convection Oven
- Gas Oven
- Range Hood
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- In-Law or Guest Suite
Additional Homes
- Guest House
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Community Details
- No Home Owners Association
- Fletcher Subdivision
Listing and Financial Details
- Tax Lot 49-11-12-151-019.000-101
- Assessor Parcel Number 491112151019000101
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $15,664 | $673,500 | $63,200 | $610,300 |
| 2023 | $15,664 | $655,300 | $63,200 | $592,100 |
| 2022 | $8,019 | $655,000 | $63,200 | $591,800 |
| 2021 | $6,373 | $507,900 | $30,200 | $477,700 |
| 2020 | $3,043 | $188,300 | $28,700 | $159,600 |
| 2019 | $3,013 | $184,300 | $28,700 | $155,600 |
| 2018 | $2,862 | $169,900 | $28,700 | $141,200 |
| 2017 | $2,416 | $163,100 | $28,700 | $134,400 |
| 2016 | $2,155 | $155,900 | $28,700 | $127,200 |
| 2014 | $2,032 | $145,500 | $28,700 | $116,800 |
| 2013 | $1,589 | $145,500 | $28,700 | $116,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | For Sale | $975,000 | +34.5% | $443 / Sq Ft |
| 08/19/2022 08/19/22 | Sold | $725,000 | -6.4% | $234 / Sq Ft |
| 07/18/2022 07/18/22 | Pending | -- | -- | -- |
| 07/08/2022 07/08/22 | For Sale | $774,900 | +51.9% | $250 / Sq Ft |
| 08/17/2020 08/17/20 | Sold | $510,000 | -2.9% | $191 / Sq Ft |
| 07/04/2020 07/04/20 | Pending | -- | -- | -- |
| 07/03/2020 07/03/20 | For Sale | $525,000 | -- | $197 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $725,000 | Schmitz David A | |
| Warranty Deed | -- | First American Title Insurance | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $479,750 | New Conventional | |
| Previous Owner | $188,000 | New Conventional | |
| Previous Owner | $161,000 | Unknown | |
| Previous Owner | $30,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22046208
APN: 49-11-12-151-019.000-101
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Based on information submitted to the MLS GRID. 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.
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