Indianapolis Real Estate Search

Indianapolis Properties between $150,000 and $200,000 for Sale

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Newest Indianapolis Properties between $150,000 and $200,000 for Sale

$179,000
22087674 MLS
Excellent opportunity for investors or house hackers at 3140 Asbury St! This side-by-side ranch duplex features two mirror-image units, each offering 2 bedrooms, 1 full bath, and 728 square feet. Both units have dedicated off-street driveways, while the left unit also includes a private garage and the right unit has a large storage shed. The vacant left unit is clean, well-maintained, and move-in ready, with attractive laminate flooring, a spacious living room and dining area, central heat and air, and a full-size side-by-side laundry area. The bathroom offers a tiled tub/shower surround, newer vanity, and updated light fixture. The kitchen is functional as-is but presents an excellent opportunity for cosmetic improvements and added value. The occupied unit rents for $1,049 per month through 11/30/26, providing immediate income, while estimated market rent for the vacant unit is approximately $1,100 per month. Once fully occupied, the property is projected to generate over $2,100 in monthly gross rent and exceed the coveted 1% rule. Utilities are not separately metered and are paid by the owner. Landscaping is also the owners responsibility. Situated on a spacious, flat .30-acre lot, both units enjoy generous front and rear yard space. The property features a brick front with low-maintenance vinyl siding and is located in a quiet residential neighborhood near University Heights and Garfield Park, approximately 10 minutes from downtown Indianapolis. Sarah Shank Golf Course is just blocks away, with Garfield Park and Sarah T. Bolton Park also nearby. Professionally managed by PMI Midwest, whose services may be retained for a seamless transition.

3140 Asbury Street, Indianapolis

$167,900
3 Beds 1 Baths 22107231 MLS
Prime Opportunity: Spacious Home in a High-Growth Neighborhood. Location is everything, and this home puts you right in the heart of a vibrant, up-and-coming community. Situated on a premier street surrounded by tons of new home construction and recent revitalization, this property offers an exceptional blend of immediate value and long-term potential. The roof and vinyl windows are less than four years old. Newer mechanical systems; the furnace, water heater, and air conditioning unit are all less than five years old. Brand new refrigerator and stove included! ###Whether you are looking to customize finishes or explore expansion possibilities, the sky is the limit for building equity here. The office has been converted to a small 3rd bedroom. Also, the home features a full basement designed for utility, complete with a dedicated storage room, and a workshop ***Outdoor Living & Parking: Benefit from a large, fully fenced-in backyard that offers privacy and room for recreation. Rare for the area, this property includes a spacious two-car detached garage, providing ample space for vehicles and extra storage. Neighborhood Enhancements: The city's ongoing investment in the area is evident, newly streets, improved alleyways, and concrete retaining walls surrounding this property. The Investment- this home is priced to reflect the opportunity for further customizations and upgrades, and is the perfect choice for buyers looking to secure a foothold in a rapidly appreciating neighborhood. With its solid bones, upgraded mechanicals, and superior lot features, this is a smart investment that promises significant returns as you add your personal touch. Several homes in this neighborhood, and even on this street, have sold for significantly higher... this home is a prime opportunity! Don't miss the chance to own a home where you can build your future- Schedule your showing today!

1746 Thaddeus Street, Indianapolis

$154,900
1 Beds 1 Baths 22106573 MLS
Experience downtown Indianapolis living at its finest in this stunning penthouse-style studio located within one of the city's most iconic historic buildings. Perched on the top floor, this unique residence blends timeless architectural character with modern convenience, creating an exceptional opportunity for homeowners, investors, or those seeking a stylish urban retreat. Soaring ceilings, oversized windows, and an open-concept layout fill the space with natural light while showcasing the charm and craftsmanship that make historic properties so desirable. The thoughtfully designed floor plan maximizes both functionality and comfort, offering flexible living, dining, and sleeping spaces that feel far larger than a traditional studio. This turnkey property presents excellent income-producing potential for mid to long term rents while also serving as an ideal primary residence. Tenants and owners alike appreciate the walkable location, rich architectural surroundings, and vibrant energy of Indianapolis' urban core. One of the most attractive features is the low-maintenance lifestyle. The HOA covers water, sewer, trash service, high-speed internet, exterior building maintenance, and master insurance, helping simplify ownership and reduce monthly expenses.Whether you're enjoying your morning coffee while taking in the city atmosphere, heading out to nearby restaurants, entertainment, and sporting events, or simply relaxing in your private top-floor retreat, this condo delivers the perfect blend of historic character and modern convenience. Rarely does an opportunity arise to own a penthouse-style residence in a landmark building with proven rental history, incredible architectural appeal, and exceptional value. If you've been searching for a downtown property that stands out from the ordinary, this is the one.Investment-friendly. Historic charm. Top-floor privacy. Downtown convenience. Welcome to 230 E 9th UNIT 601.

230 E 9th Street, Indianapolis

$179,900
2 Beds 2 Baths 22106084 MLS
***Qualifies for Zero Down Payment with 600 credit score and no income limits*** Welcome home to this beautifully remodeled Move-In Ready 2 Suite, 2 bath 1746 SF Gem! Perfect for roommates, guests, multi-generational living or first-time buyers wanting flexibility. Thoughtfully updated from top to bottom, this home combines historic charm with modern conveniences, offering two true bedroom suites on the main level-each featuring its own private full bathroom with stylish tile showers. Major updates provide peace of mind, including Updated Plumbing and New 200-amp Electrical Service, Newer Roof, and Newer HVAC and Water Heater-all just 3 Years NEW. Step inside and you'll immediately appreciate the tall ceilings, Luxury Vinyl Plank Flooring, recessed lighting, and abundant natural light streaming through the vinyl windows. The Updated Kitchen is full of character with exposed brick accents, a tile backsplash, oversized Farmhouse sink, and All kitchen appliances Included. Custom touches such as the barn door and modern finishes throughout give this home a unique and inviting feel. The full basement offers excellent storage, includes the washer and dryer, and even features a half bath already rough-plumbed for future expansion possibilities. Outside, enjoy relaxing on the Large Covered Front Porch or entertaining in the Privacy-Fenced backyard. A Brand-New Storage shed and off-street parking with new gravel add convenience and functionality. Located on a sidewalk-lined street, you'll love being able to walk to nearby coffee shops, restaurants, and local businesses along 10th Street. This move-in-ready home offers the perfect blend of charm, updates, and location-schedule your showing today!

1028 N Tuxedo Street, Indianapolis

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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 listings have been excluded from this website.