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!!
Pending
$199,000
243 Iowa St, Indianapolis, IN 46225
3beds
1,952sqft
Est.:
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
- 27 days
- on Zillow |
- 751 |
- 24 |
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#: 22050699

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
Video & virtual tour
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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