46201 Homes under $200,000

46201 Homes under $200,000

Welcome to the vibrant and thriving neighborhood of Indianapolis, Indiana, nestled within the 46201 zip code! This area offers a unique blend of urban charm and community spirit, making it an ideal place for first-time homebuyers, families, or anyone looking to invest in a property without breaking the bank.

Homes in the 46201 zip code are not only affordable, with many listings under $200,000, but they also boast character and potential. Whether you’re seeking a cozy bungalow or a more spacious family home, this area has a variety of options that cater to diverse tastes and lifestyles. With a mix of historic architecture and modern renovations, there's something for everyone in this dynamic community.

Living in 46201 means you’ll be surrounded by local amenities and attractions. Enjoy easy access to parks, restaurants, and shops that reflect the rich culture of Indianapolis. The neighborhood is well-connected to major highways, making commuting a breeze, and it’s just a short drive from the bustling downtown area, where you can experience the city’s vibrant nightlife and entertainment options.

Moreover, the community spirit in 46201 is palpable, with friendly neighbors and local events that bring residents together. This is more than just a place to live; it’s a place to call home.

If you’re looking for an affordable home in a lively and welcoming community, the 46201 zip code in Indianapolis is the perfect place to start your journey. Explore the possibilities today and discover your dream home in this charming neighborhood!

Newest 46201 Homes under $200,000

1436 N Colorado Avenue, Indianapolis
$80,000
Investor duplex opportunity at 1436-1438 N Colorado Ave. Each unit is approx. 615 sq ft with 1 bedroom, 1 bath, a private entrance, and its own separate basement with utility access. Unit 1436 is close to rent-ready with fresh paint, newer carpet, and updated kitchen and bath. Unit 1438 needs cosmetic rehab: flooring, drywall and ceiling repair, paint, and a bath refresh. Lease one side while you work on the other and get that rental income going.

1436 N Colorado Avenue, Indianapolis

Listing courtesy of F.C. Tucker Company.

520 N Dearborn Street, Indianapolis
$49,000
3 Beds ⋅ 1 Baths
CALLING ALL INVESTORS AND REHABBERS!! 520 N Dearborn St presents a compelling fix-and-flip opportunity in Rivoli Park on Indianapolis' near east side. Situated on a quiet residential street just beyond an active revitalization zone, this property is positioned directly in the path of progress as redevelopment continues to expand into the surrounding area. This 2-story home offers 3 bedrooms, 1 full bath, 1,586 sq ft of living space, plus a 742 sq ft unfinished basement. The interior is in major disrepair and will require extensive renovation, while the exterior is in comparatively good condition and could benefit from a cosmetic facelift to maximize curb appeal and ARV. The main level features a spacious living room, large formal dining room, eat-in kitchen with breakfast nook, and a semi-open circular layout that could potentially be reconfigured into an impressive open-concept floor plan. The main-level laundry room may also offer potential for conversion to a half bath. Upstairs are all 3 bedrooms and the full bathroom. Much of the original woodwork remains, including baseboards and door/window trim, providing character worth preserving. Renovated properly, potential ARV could approach $250K! Priced for a quick sale. Cash or hard money only; no seller or creative financing. Priority will be given to offers able to close by 10/30.

520 N Dearborn Street, Indianapolis

Listing courtesy of Keller Williams Indpls Metro N.

701 Carlyle Place, Indianapolis
$199,900
2 Beds ⋅ 2 Baths
Step into instant equity! This house recently appraised for 230k and is available for the next buyer ready to finish the project off. Why such a great deal you ask? The current seller is an investor simply needing to move resources into a bigger project. Everything has been redone! New plumbing! New HVAC! New electrical! New drywall and flooring! New bathrooms, new kitchen, and new lighting! New roof! All new appliances as well! These kinds of opportunities don't come very often. Take advantage of this deal and move on this today. An easy win for new investors and an easy win for savvy owner occupied buyers.

701 Carlyle Place, Indianapolis

Listing courtesy of Peter Khosla, Inc.

1203 N Euclid Avenue, Indianapolis
$175,000
2 Beds ⋅ 1 Baths
Charming and ready for its new owner, this 2 bedroom, 1 bath home on Indianapolis's near eastside is full of pride of ownership. A newer roof (approx. 4-5 years old) and fresh exterior paint give this home great curb appeal from the moment you arrive. Step inside to find a cozy, thoughtful layout. Then head out back to discover a generously sized 2-car garage - a rare find for a home this size, and perfect for extra storage, a workshop, or weekend projects. The bathroom has been freshly updated with a new vanity, tile, toilet, and paint, giving it a clean, refreshed feel. Downstairs, an unfinished basement offers nearly 900 square feet of additional space with endless possibilities. - ideal for storage now, or future finished living space down the road. Tucked into a walkable Near Eastside neighborhood with easy access to downtown Indianapolis, this home is a great opportunity for a buyer looking to add their own personal touch. Don't miss your opportunity - schedule your showing today!

1203 N Euclid Avenue, Indianapolis

Listing courtesy of Real Broker, LLC.

802 N Oakland Avenue, Indianapolis
$179,900
2 Beds ⋅ 1 Baths
New roof, HVAC, exterior doors, and electrical service on this renovated home. 2 bedrooms on the main level, plus a bonus room upstairs with a new ductless mini-split that could you be used as a 3rd bedroom or a game room. The new kitchen features Quartz tops, a tile backsplash, and stainless steel appliances. While the bathroom is fully updated, offering a tiled tub surround. New flooring, lighting, outlets, light switches, recessed lighting, and mini blinds included. The unfinished basement is great for extra storage.

802 N Oakland Avenue, Indianapolis

Listing courtesy of F.C. Tucker Company.

439 S Dearborn Street, Indianapolis
$169,900
3 Beds ⋅ 2 Baths
Welcome to 439 S Dearborn St! This 3-bedroom, 2-bath home has been completely transformed since its previous sale, offering a refreshed and inviting interior while maintaining the character of this classic Indianapolis bungalow. The home features new electrical, updated finishes, and a functional single-level layout with an additional bonus room perfect for a home office, playroom, or flex space. You'll also find convenient main-level laundry and an unfinished basement offering additional storage and possibilities. Outside, enjoy the covered patio and a convenient location near Downtown Indianapolis with easy access to shopping, dining, and major highways. Schedule your showing today!

439 S Dearborn Street, Indianapolis

Listing courtesy of BluPrint Real Estate Group.

310 N Chester Avenue, Indianapolis
$190,000
3 Beds ⋅ 2 Baths
Welcome to this beautifully remodeled home, updated from top to bottom and ready for its next owner. The home features a new kitchen, two newly tiled bathrooms, and fresh floors and walls throughout. Built in 1916, this 2,192-square-foot home offers a comfortable mix of original character and modern updates. With three bedrooms and two full bathrooms, there is plenty of room to relax and make the space your own. Additional finished space on the upper level is great for a rec room, home office, or extra storage and closet space. The 1.5-story home sits on a large lot with lots of outdoor potential, plus a large shade tree that is perfect for backyard barbecues. Conveniently located near downtown Indy with easy access to the everyday amenities you need.

310 N Chester Avenue, Indianapolis

Listing courtesy of CENTURY 21 Scheetz.

3318 E Saint Clair Street, Indianapolis
$164,900
2 Beds ⋅ 1 Baths
Completely renovated and move-in ready! This beautifully updated 2-bedroom home features a brand-new HVAC system, new windows, new flooring, fresh paint throughout, updated lighting, a fully renovated kitchen with all new Whirlpool appliances, a beautifully updated bathroom, new insulation, and extensive drywall, plumbing and electrical improvements. Thoughtfully redesigned with modern finishes while maintaining its original character. Conveniently located just 5 minutes from downtown Indianapolis, Mass Ave, Bottleworks District, Kan-Kan Cinema, and the exciting growth taking place throughout the Near Eastside. A rare opportunity to own a substantially renovated home with major system updates already completed.

3318 E Saint Clair Street, Indianapolis

Listing courtesy of Keller Williams Indy Metro NE.

4658 Farrington, Indianapolis
$185,000
2 Beds ⋅ 2 Baths
Stylish, turnkey, and proven. This fully furnished Christian Park bungalow is ready for an investor or for a buyer who wants a home with real character. The 2-bedroom, 1.5-bath home was fully renovated in 2022 with new systems and roof. Inside you'll find refinished hardwood floors, stainless steel appliances, and a curated mix of bohemian-inspired furniture, both new and thoughtfully thrifted, that conveys with the sale. The basement adds laundry and flexible bonus space. Outside, it sits on a fenced corner lot with an oversized 2-car garage. As a short-term rental it has an excellent track record, with only a handful of open weekends across years of operation. Current management is in place and may be able to transition to the new owner. The location is minutes from Irvington's shops, restaurants, and pubs, and close to the Pennsy Trail, which connects to the Cultural Trail downtown. IU Health Methodist, Eskenazi, and Riley are 10-15 minutes away, and Mass Ave, the Convention Center, and Lucas Oil Stadium are about 12 minutes. Move right in or start booking guests. Investment Overview PDF attached. The home has averaged over $2000 in monthly income as both STR & MTR.

4658 Farrington, Indianapolis

Listing courtesy of @properties.

405 N Bradley Avenue, Indianapolis
$129,000
3 Beds ⋅ 1 Baths
Come check out this charming little bungalow. Home offers many updates. 3 bedrooms 1 full bath. Ready for the new owner to make it it's on. Has been used as a rental that last few years.

405 N Bradley Avenue, Indianapolis

Listing courtesy of Trueblood Real Estate.

1341 N Dearborn Street, Indianapolis
$112,000
3 Beds ⋅ 2 Baths
BIG SPACE. HISTORIC CHARACTER. SERIOUS POTENTIAL. Opportunity awaits at 1341 N Dearborn St! Built in 1910, this spacious 2-story traditional home offers 2,245 square feet, 3 bedrooms, 2 full baths and a 2-car detached garage-a hard-to-find combination for a property ready for its next chapter. The flexible floor plan features one bedroom and a full bath on the main level, plus two additional bedrooms and a second full bath upstairs, creating options for a variety of living arrangements. With its classic wood-and-brick exterior, vinyl windows and generous interior footprint, this home gives renovators, investors and buyers ready to build equity plenty to work with. Whether the vision is a thoughtful renovation, long-term investment or a home customized from the ground up, the size and layout provide an excellent starting point. And don't overlook the location. Situated on Indianapolis' Near Eastside, the property is near neighborhood schools including Brookside School 54 and historic Arsenal Technical High School, whose 76-acre campus offers college- and career-focused programming. Outdoor recreation is nearby at Brookside Park, a 108-acre city park featuring wooded green space, playgrounds, basketball and tennis courts, disc golf, a pool and community facilities, with Pogue's Run connecting toward other Near Eastside destinations. Just beyond the neighborhood, enjoy convenient access to downtown Indianapolis and the Mass Ave/Bottleworks District, with restaurants, retail, The Garage Food Hall, Living Room Theaters, Pins Mechanical and other entertainment. Downtown also puts major employment, cultural attractions and higher-education campuses-including IU Indianapolis and Purdue University in Indianapolis-within convenient reach. Bring your vision and unlock the possibilities in this spacious Near Eastside property. Home needs TLC and is being sold AS-IS. Seller does not intend to make repairs.

1341 N Dearborn Street, Indianapolis

Listing courtesy of Red Bridge Real Estate.

323 N Drexel Avenue, Indianapolis
$190,000
3 Beds ⋅ 1 Baths
Welcome home to this charming 3-bedroom, 1-bath home nestled on a quiet, established street just minutes from Historic Irvington and downtown Indianapolis. Filled with character, the home showcases beautiful original woodwork, a charming staircase, and a welcoming covered front porch-the perfect place to relax and enjoy the neighborhood. Inside, fresh paint and thoughtful updates throughout create a clean, inviting feel while preserving the home's historic charm and unique details. The comfortable layout offers plenty of versatility for everyday living, entertaining, or creating a home office. Enjoy the peaceful setting while remaining conveniently close to Irvington's local shops, restaurants, parks, community events, and downtown Indy. A wonderful opportunity to own a character-filled home that combines historic appeal with an accessible Indianapolis location.

323 N Drexel Avenue, Indianapolis

Listing courtesy of F.C. Tucker Company.

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