46201 Homes under $400,000

46201 Homes under $400,000

Welcome to the vibrant community of Indianapolis, Indiana, nestled within the heart of Marion County, where the zip code 46201 offers an exciting blend of urban living and suburban charm. This area is perfect for those seeking affordable yet stylish homes, with a variety of options available for under $400,000.

Indianapolis is known for its rich history and diverse culture, and the 46201 zip code is no exception. The neighborhood features a mix of historic homes and modern renovations, providing an eclectic atmosphere that appeals to a wide range of buyers. Whether you’re a first-time homeowner, a growing family, or looking to downsize, you’ll find inviting properties that meet your needs without breaking the bank.

Living in 46201 means you’ll have access to an array of amenities. Enjoy the convenience of nearby parks, local shops, and an assortment of dining options that showcase the culinary diversity of Indianapolis. The area is also well-connected to major highways, making commuting a breeze and allowing easy access to downtown attractions, including the iconic Indianapolis Motor Speedway and the vibrant arts scene.

With homes under $400,000, buyers can expect to find charming bungalows, spacious family homes, and contemporary townhouses, all offering unique character and potential for personalization. This is a community that welcomes you with open arms, where neighbors become friends and life is enriched by the shared experiences of city living.

Explore the possibilities that 46201 has to offer, and discover your perfect home in this delightful Indianapolis neighborhood!

Newest 46201 Homes under $400,000

3214 Nowland, Indianapolis
$209,900
3 Beds ⋅ 3 Baths
Welcome Home! This beautifully updated traditional American-style home offers classic charm with a fresh, modern feel. Conveniently located near downtown, local parks, and major highways, this home provides both comfort and accessibility. The property is also approximately 700 feet from Paramount Schools of Excellence, offering added convenience for families. Recent updates include brand-new appliances, fresh interior paint throughout, new stairway steps, updated bathroom vanities, an upgraded kitchen, new flooring, and a new A/C system. Additional improvements include a new shower, updated plumbing system, new water and drain lines, and a professionally cleaned main sewer line. With its thoughtful updates, modern improvements, and convenient location, this move-in-ready home is an excellent opportunity for homeowners seeking comfort, style, and easy access to everything the area has to offer. Come see all this charming home has to offer!

3214 Nowland, Indianapolis

Listing courtesy of Keller Williams Indy Metro Partners.

51 S Colorado, Indianapolis
$199,995
3 Beds ⋅ 2 Baths

51 S Colorado, Indianapolis

Listing courtesy of Cornerstone REI Group LLC.

2430 E 16th Street, Indianapolis
$219,000
2 Beds ⋅ 1 Baths
Welcome to 2430 E 16th St - a reimagined bungalow completely remodeled and move-in ready, offering a fresh take on classic character. Step inside to a light-filled interior with New Flooring throughout (2026), a beautifully Updated Kitchen with New Appliances (2026), and a fully renovated bath featuring a floor-to-ceiling tiled shower (2026 - glass shower door to be installed prior to settlement). Clean lines, warm finishes, and a simple, cohesive palette give the home a polished feel while keeping its original charm. Just as much attention was given to what you don't see. Additional improvements include New Vinyl Windows and exterior doors (2026), New Plumbing (2026), an upgraded PVC sewer line (2026), New Furnace and Air Conditioning (2026), all of which allow the next owner to enjoy the home with confidence from day one. Outside, a freshly seeded backyard offers room to entertain, garden, or simply unwind beneath the mature trees. Pogue's Run Trail and Spades Park are just down the street, putting miles of walking and biking trails within easy reach, all while remaining just minutes from Downtown Indy. Beautifully finished, extensively improved, and completely move-in ready - 2430 E 16th St is proof that an elevated home doesn't have to come with an elevated price tag. Come experience it for yourself, call Tyler to schedule your private showing.

2430 E 16th Street, Indianapolis

Listing courtesy of Circle Real Estate.

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.

1302 N Oxford Street, Indianapolis
$265,000
Income-producing duplex opportunity at 1302-1304 N Oxford St! Each side features 2 bedrooms and 1 full bathroom, with approximately 1,389 square feet of total living space. The property has had the same tenants in place since the current ownership purchased it in 2022, providing established rental history and consistent occupancy. The duplex currently generates approximately $2,400 per month in gross rental income. The owner is responsible for water, while tenants pay their own electric. Since 2022, ownership has completed updates throughout the property, both inside and out, helping improve the overall condition while preserving its rental potential. With existing tenants, established income, and continued improvements already made, this property offers an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio. 1304 Lease ends March 2027. 1302 is MTM for those looking to house hack.

1302 N Oxford Street, Indianapolis

Listing courtesy of @properties.

1339 N Gale Street, Indianapolis
$364,999
Beautifully renovated duplex on Indy's Near Eastside! Each unit features 4 bedrooms and 2 full bathrooms with spacious layouts, updated kitchens and bathrooms, new flooring, and modern finishes throughout. One side is currently rented, providing immediate rental income, while the property offers excellent potential for both investors and owner-occupants looking to house hack. Conveniently located near downtown Indianapolis, parks, dining, and ongoing neighborhood development. A great opportunity to own a fully renovated, income-producing duplex!

1339 N Gale Street, Indianapolis

Listing courtesy of The Modglin Group.

830 N Temple Avenue, Indianapolis
$350,000
3 Beds ⋅ 2 Baths
Welcome home to this charming and beautifully updated 3 bedroom, 2 full bath home on the near eastside. Close to every amenity Indy has to offer. Just a few minutes from downtown. Home has been completely remodeled and with all new mechanicals. The kitchen has gorgeous quartz countertops, new cabinets and a stainless steel appliance package "not pictured". Complete interior paint, vinyl plank flooring and tiled bathroom floors and showers make this home completely move in ready. Full bathroom in the primary on the main level. The spacious loft upstairs provides excellent flex space. Enjoy beautiful sunsets from the fully fenced private back yard overlooking the western sky. Home comes with a 1 year home warranty. Come see this home now.

830 N Temple Avenue, Indianapolis

Listing courtesy of eXp Realty LLC.

3934 E 10th Street, Indianapolis
$220,000
Your next investment opportunity has arrived! Close to downtown, this recently fully renovated duplex is ready for it's next owner. The 2-bedroom unit is currently being rented at $775/mo w/ tenant paying utilities. The 3 bedroom unit is currently vacant, giving you the opportunity to select your own tenant and rents! Ample parking out back and close to amenities ensures this will be your next best investment. Schedule a showing today!

3934 E 10th Street, 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.

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