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Pending
  • $199,000

    243 Iowa St, Indianapolis, IN 46225

    3beds
    1,952sqft
    : 
    Residential, Single Family Residence
    Built in 1895
    4,356 Square Feet Lot
    $-- Zestimate®
    $102/sqft
    $-- HOA

    What's special

    En-suite bathVersatile loft spaceMain-level primary suiteSliding glass doors
    Investor special in Bates Hendricks! Welcome to 243 Iowa St, a prime opportunity to finish what's been started and reap the rewards. This 3-bedroom, 2-bath, two-story home offers nearly 2,000 sq ft of finished living space and sits on a spacious, flat .10-acre lot with a brand-new 1-car detached garage. Much of the heavy lifting has already been done-demo, design, framing, drywall, rough plumbing and electrical, new windows, and flooring are in place. Now it's ready for your finishing touches. Designed with an investor in mind, this home features a desirable layout with a main-level primary suite, complete with an en-suite bath and sliding glass doors that open to the backyard. Upstairs, you'll find two additional bedrooms, a full bath, and a versatile loft space. Located in the heart of Bates Hendricks-one of Indy's hottest revitalized neighborhoods-this property is surrounded by stunning new builds and high-end renovations. Homes on this very street are being transformed, and the ARV potential here is strong, with comps suggesting values of $350K+ when finished. Just minutes to downtown, this location is ideal for short, mid, or long-term rental strategies-or rehab and flip it for a great return. Property is sold as-is and will require cash or hard money financing. Don't miss your chance to be part of the continued transformation of one of Indianapolis' most dynamic neighborhoods. NOTE - THE TWO VACANT LOTS NEXT DOOR ARE NOT INCLUDED IN THE SALE!!
    27 days
    on Zillow
    |
    751
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    24
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    Zillow last checked: 7 hours ago

    Listing updated: August 20, 2025 at 07:00am

    Listing Provided by:

    Peter Stewart 317-450-9202,

    Keller Williams Indpls Metro N

    Source: MIBOR as distributed by MLS GRID,MLS#: 22050699MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Primary bedroom
    • Level: Main
    • Area: 180 Square Feet
    • Dimensions: 12x15
    Bedroom 2
    • Level: Upper
    • Area: 140 Square Feet
    • Dimensions: 10x14
    Bedroom 3
    • Level: Upper
    • Area: 120 Square Feet
    • Dimensions: 12x10
    Kitchen
    • Level: Main
    • Area: 225 Square Feet
    • Dimensions: 15x15
    Laundry
    • Level: Main
    • Area: 100 Square Feet
    • Dimensions: 10x10
    Living room
    • Level: Main
    • Area: 300 Square Feet
    • Dimensions: 20x15
    Heating
    • Other
    Cooling
    • None
    Appliances
    • Included: None
    • Laundry: Connections All, Main Level
    Features
    • High Ceilings
    • Basement: Cellar
    Interior area
    • Total structure area: 1,952
    • Total interior livable area: 1,952 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Detached
    • Garage spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered
    Lot
    • Size: 4,356 Square Feet
    Details
    • Parcel number: 491113171024000101
    • Special conditions: As Is
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Residential, Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Cellar
    Condition
    • Fixer
    • New construction: No
    • Year built: 1895

    Utilities & green energy

    • Water: Public

    Community & HOA

    Community
    • Subdivision: No Subdivision
    HOA
    • Has HOA: No
    Location
    • Region: Indianapolis

    Financial & listing details

    • Price per square foot: $102/sqft
    • Tax assessed value: $121,500
    • Annual tax amount: $1,258
    • Date on market: 7/28/2025
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