Indianapolis Real Estate Search

Indianapolis Properties between $450,000 and $500,000 for Sale

Our website features the best real estate search for between $450,000 and $500,000 properties available in Indianapolis and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in the Indianapolis real estate market? Sign up for a  Indianapolis Real Estate Market Report to see what’s active, under contract, and sold!

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Newest Indianapolis Properties between $450,000 and $500,000 for Sale

$500,000
3 Beds 3 Baths 22094163 MLS
Situated in the desirable Holy Cross neighborhood, this distinguished single family residence presents an attractive property in great condition. The living room offers an atmosphere of grandeur and comfort, featuring both a high ceiling and a vaulted ceiling that elevate the sense of spaciousness. A welcoming fireplace provides a central point of relaxation, complemented by the distinctive textures of a wood ceiling and an inviting wood wall, crafting an environment of unique appeal. Culinary aspirations find their setting within the thoughtfully appointed kitchen, where stone countertops provide a sophisticated surface for preparation. A prominent large kitchen island serves as an ideal gathering point, further enhanced by a practical kitchen bar and an appealing backsplash that contributes to the room's refined aesthetic. One of the two full bathrooms presents a luxurious tiled walk in shower, offering a refreshing and refined bathing experience. The second floor offers uncompromised views of the downtown Indianapolis skyline from the rooftop deck off of the den. The den has large glass door that offer the same view. This residence encompasses three bedrooms, alongside two full bathrooms and one half bathroom, providing practical arrangements across its two stories. A generous walk-in closet offers extensive storage possibilities. A dedicated laundry room simplifies daily routines. Outdoors, a private fenced backyard awaits, featuring both a deck and a patio, perfect for an outdoor dining area. The oversized garage has a convenient half-bathroom. This property represents an exceptional opportunity for sophisticated living within a historical framework close to popular Highland Park.

131 Herman Street, Indianapolis

$489,900
6 Beds 7 Baths 22086240 MLS
An extraordinary opportunity to complete a custom contemporary ranch estate offering nearly 12,000 square feet under roof on 3.077 private acres in South Indianapolis. The structural shell is complete, including foundation, framing, roof, and exterior siding-providing a substantial head start on what is designed to be a 6-bedroom, 5 full bath, 1 half bath luxury residence. With 6,938 square feet above grade and an additional 4,922 square foot basement, the scale and layout allow for exceptional potential for a theater, fitness studio, wine cellar, recreation areas, or multi-generational living, and premium lifestyle amenities. The generous acreage provides privacy rarely found in this corridor while maintaining convenient access to major highways, downtown Indianapolis, and surrounding amenities. This is an exceptional opportunity for a custom homeowner, luxury builder, or investor to complete and personalize a contemporary estate with significant upside potential. Architectural scale, acreage, and structure are already in place-bring your vision to life. For the discerning buyer seeking architectural scale, privacy, and the ability to design a signature estate - this is a rare opportunity to complete a luxury residence without starting from raw land. Eligible buyers may use Construction-to-Permanent loans, FHA 203(k), or standard construction financing to complete the home. Bring your architect, your builder, and your vision - the groundwork is already done.

3712 E Edgewood Avenue, Indianapolis

$479,000
22085663 MLS
Outstanding Development Opportunity - SELLER FINANCING -Available to qualified purchasers, with appropriate down payment and payoff schedules. Position your next office project on one of South Indianapolis' most active commercial corridors - One of the few shovel-ready office development sites remaining on South Emerson Avenue. 5740 S Emerson Ave offers 1.80 acres zoned C-1 (Office) with 199 feet of frontage and full curb cut providing full-in/full-out access-a rare combination of visibility and easy site circulation for virtually any office concept (medical, professional, service office, or owner-user). This site delivers an enormous head start on development: an existing stormwater drainage system with Aqua-Swirl unit and detention pond is already in place, sized for full buildout-a major time and cost advantage that can streamline civil design and accelerate your schedule. RECENT AREA DEVELOPMENT - Surrounding investment continues to elevate the appeal of this corridor with new retail development at Emerson & Thompson including new Wawa, Chick-fil-A, and Crew Carwash, as well as a recently added Kroger, VASA Fitness and Dutch Bros Coffee. Additionally, a proposed apartment development immediately south adds future demand from a growing residential base-ideal for professional services and office users. With 38,000+ vehicles per day and nearly immediate access to I-465 and I-65, this location checks all the boxes developers and end-users want: clean site, strong traffic, strong growth, and reduced upfront infrastructure cost.

5740 S Emerson Avenue, Indianapolis

Start Your Search

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.