Indianapolis Real Estate Search

Indianapolis Properties between $200,000 and $250,000 for Sale

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Newest Indianapolis Properties between $200,000 and $250,000 for Sale

$230,000
2 Beds 3 Baths 22123577 MLS
Welcome to 7437 Oceanline Dr - a fully renovated waterfront gem nestled in The Islands, one of Indianapolis's most sought-after lakefront communities on a stunning private community lake. This move-in ready home has been completely transformed from top to bottom. The beautifully updated kitchen features new cabinetry, quartz countertops, a granite sink, and all new appliances. All three bathrooms have been fully remodeled with new vanities, toilets, lighting, and mirrors. Enjoy brand new flooring throughout, updated lighting and ceiling fans in every room, and stylish matte black hardware on every door. Major mechanicals have all been replaced including new water heater, furnace, and heat pump (2024), plus a new water softener (2025). Both patio doors and 4 windows were replaced in 2024, along with a new garage door opener. The HOA replaced the roof in 2024, giving you true peace of mind from top to bottom. Step outside to your brand new deck and gazebo, the perfect space to entertain while enjoying stunning waterfront views. The balcony has been freshly updated and the exterior landscaping has been completely refreshed. This is truly a turnkey home. Nothing to do but move in and enjoy the lake life. Highlights: Waterfront community on a private community lake Complete kitchen and bathroom remodel (2024) New water heater, furnace and heat pump (2024) Both patio doors and 4 windows replaced (2024) New garage door opener (2024) HOA replaced roof (2024) New deck and gazebo (2025) New washer, dryer and all appliances included HOA: $225/month

7437 Oceanline Drive, Indianapolis

$229,900
22123860 MLS
Looking for a High Visibility Property with multiple ways to create value? This Spacious Bedford Stone Ranch offers a flexible layout, full basement, finished 2-car attached garage, and potential for residential, investment, or commercial use-all in a convenient Indianapolis location. The main level features 3 bedrooms, 1.5 baths, newer luxury vinyl plank flooring, vinyl windows, an updated bathroom, and a spacious layout that feels significantly larger than 2,000 square feet. The full basement is where the possibilities really open up. Two separate rooms with closets offer potential for offices, guest rooms, hobby spaces, or possible additional bedrooms. For investors, the flexible floor plan could lend itself to several strategies. Explore the potential for an Airbnb/short-term rental, long-term rental, or a house-hacking opportunity where an owner occupies one portion while utilizing other areas for additional income. The layout may also allow the upper/main living area to be separated into additional living quarters(creating a duplex) with a separate entrance from the garage,. The property also offers potential Commercial Space for business, office, retail, medical etc. Major improvements include a high-efficiency furnace and air conditioner replaced within the past 3-4 years, PEX water lines, and 200-amp electrical service. The attached 2-car garage is finished, providing valuable parking, storage, or workspace. And don't overlook the covered front porch-a great spot for morning coffee before taking advantage of the home's convenient location near shopping, schools, parks, major highways, downtown Indianapolis, and Greenwood. One property. Multiple possibilities. Whether you're looking for a rental, Airbnb opportunity, house hack, commercial/residential flexibility, or a property you can reconfigure and add value to

506 Lawrence Avenue, Indianapolis

$229,900
5 Beds 2 Baths 22123665 MLS
Welcome to this spacious 5-bedroom, 1.5-bath(2BRs in basement do not have egress window) Bedford stone ranch offering far more space than you might expect! With a full basement, 2-car attached finished garage, and multiple living areas, this home provides plenty of room to live, entertain, work, and customize to your needs. Start your mornings relaxing on the covered front porch with a cup of coffee, then step inside to a welcoming interior featuring newer luxury vinyl plank flooring, vinyl windows, an updated bathroom, and two beautiful built-in hutches in the dining room. The family room offers a wood-burning fireplace perfect for holiday gatherings. The full basement with 2nd wood burning fireplace creates another warm and inviting gathering space & adds tremendous flexibility and potential. The large open area could easily become a game room, recreation area, home theater, or entertainment space. Two additional rooms with closets provide possibilities for offices, hobby rooms, guest space, or potential 4th and 5th bedrooms, depending on your needs. The attached 2-car garage is finished and offers additional convenience and storage. Recent major improvements include a high-efficiency furnace and air conditioner replaced within the past 3-4 years, PEX water lines, and 200-amp electrical service. The property's flexible layout and zoning/use possibilities make it an intriguing opportunity for a variety of uses, including residential, commercial use, or an investment/short-term rental property. The main floor and basement living areas may also offer the possibility of splitting into 2 separate living spaces, with access from the garage, to house hack(rent potential cover some or all mortgage) or double the rental income. Conveniently located near shopping, schools, parks, major highways, downtown Indianapolis, and Greenwood. Whether you're looking for a spacious home, investment opportunity, or a property with room to create something uniquely your own!

506 Lawrence Avenue, Indianapolis

$215,000
2 Beds 1 Baths 22123365 MLS
Welcome to 6105 Homestead Drive - where character, space, and flexibility come together! If you've been looking for a home that gives you room to live, room to entertain, and room to make it your own, this one deserves a closer look. Beautiful natural hardwood floors bring warmth and character throughout the main living areas, creating a classic feel that pairs beautifully with today's lifestyle. But the real surprise is the spacious bonus room. Whether you need a dedicated home office, family room, playroom, movie room, guest space, workout area, or additional sleeping space, this flexible room gives you options that many homes simply don't have. It's the kind of extra space that can grow with your family and adapt to whatever life looks like next. Outside, the generous yard gives you even more room to spread out. Picture summer cookouts, kids and pets playing, a garden, a fire pit, or simply having a place to enjoy the outdoors without feeling boxed in. And here's another big advantage: NO HOA! Enjoy the freedom to make the most of your property without monthly association dues or unnecessary restrictions. Located in Indianapolis with convenient access to everyday shopping, dining, schools, major roads, and everything the south side has to offer, 6105 Homestead Drive delivers something buyers are constantly searching for - a home with character, usable space, a great yard, and the freedom to make it your own. Come see the bonus room, walk the yard, experience the hardwood floors, and imagine what this home could look like with your family in it. 6105 Homestead Drive isn't just another listing - it may be the one you've been waiting for.

6105 Homestead Drive, Indianapolis

$230,000
2 Beds 3 Baths 22123308 MLS
Welcome to a comfortable, thoughtfully updated home in a quiet Midtown neighborhood with an exceptionally convenient location. Inside, the home has been refreshed from top to bottom, with fresh paint, beautiful luxury vinyl plank flooring throughout the main level and fully updated basement, tastefully renovated bathrooms, and an inviting kitchen featuring quartz countertops and stainless steel appliances. The fully updated basement adds valuable flexibility and makes this home feel surprisingly functional, offering additional space for a home office, recreation room, guests, hobbies, or simply the storage and breathing room that everyday life demands. The result is a home that feels easy to live in from day one-just unpack, settle in, and enjoy. Outside, the home offers something even more appealing to those who like a project with potential: the major interior work is already done, while the exterior leaves room for a future owner to add their own style and equity over time. Updates such as new siding, refreshed garage doors, and repairs to the front porch can be tackled when the time is right. Location is a standout. Enjoy the peace of a quiet residential street while being just steps from the Indiana State Fairgrounds & Event Center, home to year-round fairs, concerts, shows, sporting events, and community gatherings. GoldLeaf Savory & Sweet is just a few blocks away for coffee, breakfast, lunch, and neighborhood favorites, while the Monon Trail, Broad Ripple, Butler University, and Glendale are all conveniently accessible. Meijer and Glendale Town Center are approximately 5 and 10 minutes away, respectively, for everyday shopping and errands. Move-in ready today, with room to make it your own tomorrow-this is a home that offers both immediate livability and long-term potential.

4230 Norwaldo Avenue, Indianapolis

$225,000
2 Beds 3 Baths 22122229 MLS
There's a lot to love-and a lot more space than you might expect-in this 2-bedroom, 2.5-bath ranch situated across four parcels. Generous room sizes and a flexible floor plan give you plenty of ways to make the home your own, with a family room, den, office and sunroom in addition to the main living spaces. The outdoor spaces are just as inviting. Start your morning on the covered front porch, step directly from the primary bedroom onto its own deck, or enjoy the large covered outdoor living area overlooking the tree-filled yard. With four parcels, multiple patio areas and three sheds/outbuildings, there's room for gardening, hobbies, entertaining and all the things you never seem to have enough storage for. An attached garage adds even more convenience. And there's still more downstairs. The basement provides plenty of additional space for storage, a workshop, hobbies or whatever extra room you've been looking for. The home has also seen several meaningful improvements, including new carpet in 2025, a new water heater in 2026, an updated and rewired breaker box in 2025, a 2026 sewer redirect and cleanout, reverse-osmosis system, crawl space encapsulation, and basement waterproofing with a perimeter trench and three sump pumps. The HVAC has been maintained bi-annually. A Jacuzzi walk-in shower with transferable lifetime warranty plus windows and siding installed by Unique Home Solutions round out the updates. Room to spread out, spaces to gather, and an outdoor setting that gives you options-this is the kind of home that invites you to settle in and make it yours.

4504 N Longworth Avenue, Indianapolis

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Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative

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.