46203 Homes with Finished Basement

46203 Homes with Finished Basement

Welcome to the vibrant and diverse community of Indianapolis, Indiana, nestled in the heart of Marion County. The 46203 zip code is a thriving area known for its rich history, welcoming neighborhoods, and convenient access to the best of what Indianapolis has to offer. From charming local shops to delightful eateries, residents enjoy a blend of urban living with a touch of suburban tranquility.

One of the standout features of homes in this area is the availability of properties with finished basements. These versatile spaces provide homeowners with endless possibilities, whether you envision a cozy family room, a home office, or a stylish entertainment area. Finished basements not only enhance the living space but also add significant value to your home, making them a sought-after feature for buyers looking to invest in the 46203 zip code.

Living in this dynamic part of Indianapolis means you’re just a stone’s throw away from cultural attractions, parks, and recreational facilities. The vibrant arts scene, coupled with numerous community events, fosters a strong sense of belonging among residents. Plus, with easy access to major highways and public transportation, commuting to downtown Indianapolis or exploring the surrounding areas is a breeze.

Whether you’re a first-time homebuyer or looking to upgrade, the homes in the 46203 zip code offer a unique blend of charm, functionality, and modern amenities. Discover your dream home with a finished basement in this exciting community, where every day brings new opportunities to thrive and connect!

Newest 46203 Homes with Finished Basement

3 Beds ⋅ 3 Baths

Open Saturday 12p - 2p | A Rare Offering in Highly Sought-After Fletcher Place - A Custom Compendium Built Home | You're going to love the soaring 10-foot ceilings, the engineered hardwood flooring, the custom cabinetry and statement staircase. The main floor offers two sitting areas, including a generous living room with sliding doors overlooking the well-appointed back patio, a chef's kitchen with walk-in pantry, dining, half-bath and mudroom. Upstairs, the primary bedroom is an oasis with abundant walk-in closet space, a stunning shower and more. The other two upstairs bedrooms offer incredible storage, too, and the upstairs laundry room will be appreciated. The basement offers the perfect, cozy retreat for a theater room, gym or play space (additional storage room, too). The back patio offers you the tiki bar of your dreams - amazing for hosting, and the garage is expansive with tons of overhead storage. Just blocks from Eli Lilly Headquarters, James Beard Recognized Restaurant and Bar - Bluebeard, Milktooth, La Margarita, Amelia's Bakery and Calvin Fletcher Coffee. And within a mile of the best that Downtown Indy offers including the Colts, Pacers, theaters, grocery stores, gyms, yoga & pilates studios and more. Visit today!

421 S Park Avenue, Indianapolis

Listing courtesy of Maywright Property Co..

4 Beds ⋅ 5 Baths

Welcome to 1218 Orange Street, a rare opportunity to own a newly constructed contemporary home in the heart of Fountain Square. Whether you're searching for your next home, an income-producing investment, or a combination of both, this property checks every box. Spanning over 3,700 square feet, the main residence features 4 bedrooms, 3 full baths and 2 half baths, along with a dedicated office, Home Theater, a loft with a full Wet Bar, and multiple rooftop decks and balconies. From the expansive living spaces, to the modern finishes throughout, to the excess natural light from oversized Pella windows - this home was designed for the way people live today. Enjoy peace of mind with this 2025 build, with a full metal roof and dual-zoned HVAC. Behind the home, a detached Carriage House is host to a two-car garage, complemented by a private 1-bedroom, 1-bath apartment with its own entrance, offering an exceptional opportunity for ancillary rental income, guests, or a dedicated studio. Located just steps from Fountain Square's acclaimed restaurants, coffee shops, breweries, galleries, nightlife, and only minutes from downtown Indianapolis, this is more than just a home; it's an opportunity to own one of the area's most versatile and thoughtfully designed properties. Turnkey opportunities like this rarely come to market. Call Tyler to schedule your private showing today.

1218 Orange Street, Indianapolis

Listing courtesy of Circle Real Estate.

4 Beds ⋅ 2 Baths

Spacious 4-bedroom, 2-full-bath ranch situated on 2 acres with a walkout basement. Enjoy the privacy of mature trees, with one acre featuring wooded trails perfect for exploring or relaxing in nature. The remodeled kitchen boasts elegant quartz countertops and modern finishes. Two outbuildings provide ample storage or workshop space. Recent updates include a new furnace and central air conditioning installed in 2024. Conveniently located near shopping, dining, and interstate access, offering the perfect blend of peaceful country living and everyday convenience.

3806 S Emerson Avenue, Indianapolis

Listing courtesy of Redfin Corporation.

3 Beds ⋅ 3 Baths

Discover a timeless residence just minutes from downtown and a short walk to the heart of Fountain Square. Offering approximately 1,700 finished square feet, this charming bungalow blends historic character with modern updates in one of Indianapolis' most vibrant neighborhoods. The home's open-concept kitchen and living area serve as its centerpiece, featuring a functional island with sink-ideal for everyday living, entertaining, and gathering with family and friends. The first-floor primary suite includes high ceilings and a spacious walk-in closet, providing both comfort and convenience. The finished basement adds valuable living space, complete with a full bath and laundry area-perfect for entertaining, guests, or a secondary retreat. With three full bathrooms, the layout offers flexibility for a variety of living arrangements. Step outside to a fully fenced private yard with a large wood deck (built in 2025), designed for both quiet relaxation and hosting. A detached garage with alley access adds convenience, storage, and off-street parking, an increasingly valuable feature in this sought-after area. Location truly sets this property apart. Enjoy a 15-minute walk to local favorites like Upland Brewing Company, Maialina, Bovaconti, and Square Scoop, along with everything else Fountain Square has to offer. You're also just minutes from Garfield Park, home to one of the city's best farmers markets. Downtown Indianapolis is a quick Uber away, giving you easy access to Colts games, Pacers and Fever matchups, and concerts at White River State Park. Recent updates include new carpet and flooring throughout (2026), a new roof (2023), deck (2025), and additional decorative improvements, ensuring a move-in-ready experience. This inviting home offers a rare combination of location, updates, and livability in one of Indy's most dynamic neighborhoods. This one will not last long!

1338 E Minnesota Street, Indianapolis

Listing courtesy of JBG, Inc..

4 Beds ⋅ 1 Baths

Beautifully remodeled 4-bedroom, 1-bath home offering approximately 1,400 sq ft of finished living space, including a fully finished basement with egress windows for additional livable square footage. This move-in-ready home features a modern kitchen with quartz countertops and ceramic tile flooring, a fully updated bathroom with ceramic tile and a glass walk-in shower, and thoughtful finishes throughout. The finished basement provides flexible space ideal for a family room, home office, gym, or additional living area. Updates have been completed with quality materials, creating a clean, modern feel while maintaining functionality. Recent market activity shows updated homes in this price range selling quickly-this property is well positioned for today's buyers. Conveniently located with easy access to local amenities, major roadways, and downtown Indianapolis. Tenant Occupied. Lease is Month to Month but wants to stay long term. Broker Owned.

2530 S Randolph Street, Indianapolis

Listing courtesy of F.C. Tucker Company.

4 Beds ⋅ 5 Baths

Built by Blankenship Custom Homes, this stunning custom-built home in the heart of Bates-Hendricks features a separate carriage house apartment and thoughtfully curated modern finishes throughout. This striking home offers an open-concept main level with soaring 10-foot ceilings, abundant natural light, wide-plank hardwood flooring, and seamless spaces designed for both everyday living and entertaining. The designer kitchen is the centerpiece of the home, showcasing custom cabinetry, quartz countertops, oversized island seating, high-end stainless steel appliances, statement lighting, and a spacious walk-in pantry. The living area features soaring ceilings and a sleek modern fireplace, creating a warm yet sophisticated atmosphere. Upstairs, both bedrooms feature private ensuite baths and large walk-in closets, providing ideal comfort and privacy. The finished basement expands the living space with an additional bedroom, full bath, wet bar, and flexible entertaining or guest space. Step outside to enjoy the oversized patio and fully fenced backyard - perfect for hosting, pets, or relaxing evenings outdoors. Above the garage, the private 1-bedroom carriage house offers incredible flexibility for guests, rental income, home office space, or multigenerational living. Located just minutes from downtown Indianapolis, Fountain Square, restaurants, nightlife, and all the energy of urban living, this one-of-a-kind property combines modern luxury with unbeatable location.

738 Terrace Avenue, Indianapolis

Listing courtesy of F.C. Tucker Company.

2 Beds ⋅ 2 Baths

***Investor opportunity*** **Tenant Occupied**Fully remodeled from top to bottom in 2025, this 2-bedroom, 2-full bath home located within Beech Grove Schools offers a truly turnkey investment. The property is currently tenant-occupied, providing immediate rental income with a beautifully updated home that requires minimal ongoing maintenance. Inside, you'll find a bright, open layout featuring luxury vinyl plank flooring, fresh paint, and a modern kitchen with soft-close cabinetry, quartz countertops, tile backsplash, and stainless steel appliances. Both full baths have been fully renovated with new tile, vanities, and fixtures. Major updates include new windows, lighting, plumbing, electrical, and trim work-ensuring long-term durability and peace of mind. The exterior showcases new Hardie plank siding, gutters, a rebuilt porch, and fresh landscaping. The finished basement with LVP flooring offers excellent storage or future value-add potential. Situated on a spacious lot with a storage shed, this property combines modern updates with strong rental appeal in a desirable Beech Grove location.

3745 S Emerson Avenue, Indianapolis

Listing courtesy of @properties.

4 Beds ⋅ 5 Baths

Welcome to this stunning 2023 4 bedroom 4.5 bathroom home in Fountain Square. Starting on the exterior is a two car garage, full rear fence, large patio space, and beautifully updated carriage house with separate full living quarters-perfect for guests or continued Airbnb income (recently generating $2,000/month). Heading inside to the open concept floor plan you are greeted by a spacious living room space with an electric fireplace and large open windows. The kitchen features a gas stove, large center island, and decorative lighting. XL patio doors head out to the patio from the kitchen, great for entertaining. Hardwood flooring throughout the home. The primary suite features a custom built closet system, large soaking tub, and extra large vanity. Close to local shopping, dog park, restaurants and NO HOA!

1247 Hartford Street, Indianapolis

Listing courtesy of White Stag Realty, LLC.

4 Beds ⋅ 5 Baths

This one is truly something different. Located just a few blocks from the heart of Fountain Square, this 4 bed, 4.5 bath modern home offers flexibility you don't often see. Built in 2019, you get the benefit of newer mechanicals, including roof and HVAC, which is hard to find in this area. You're right on Shelby St, making it easy to walk to restaurants, coffee shops, and nightlife. The main living space was designed to impress, with 11 ft ceilings, large windows, and an electric fireplace with custom built-ins and mantle. The kitchen leans modern but warm, featuring white cabinetry, granite waterfall countertops, a commercial-grade gas range, custom hood, stainless appliances, and a large island with a built-in table. Upstairs, the primary suite offers a true retreat with a walk-in closet, double vanity, and tiled walk-in shower. The third floor is a standout with two balconies-one with downtown skyline views and the other overlooking Fountain Square. The finished basement adds even more versatility with a bedroom, full bath, and separate entrance, making it ideal for house hacking, Airbnb, or guest space. Outside, enjoy a composite deck, fire pit area, and a rare parking setup for this location with a garage, gated private parking, and an additional gravel lot. The home and yard are zoned residential (D5), while the additional gravel lot is zoned commercial (C5), offering added flexibility for parking, potential business use, or future opportunity. A unique opportunity with serious flexibility in one of Indy's most vibrant neighborhoods.

806 Shelby Street, Indianapolis

Listing courtesy of Highgarden Real Estate.

3 Beds ⋅ 2 Baths

Fully renovated and move-in ready in the heart of Indianapolis' Garfield Park / Berwyn area! This beautifully updated home blends classic charm with modern upgrades, offering 3 bedrooms, 2 full bathrooms, and thoughtful improvements throughout. From the moment you arrive, the inviting covered front porch sets the tone that is perfect for morning coffee or relaxing evenings. Inside, you'll find a completely refreshed interior featuring updated finishes, a functional layout, and stylish touches that make this home feel brand new while still maintaining its original character. The main level offers bright, open living spaces, while the fully finished basement adds incredible value with a bedroom and full bathroom, which is ideal for guests, a private suite, or additional living space. Outside, the property continues to impress with a 1-car garage, carport, and versatile outdoor space perfect for entertaining or extra parking. Located just minutes from Garfield Park, Fountain Square, and downtown Indianapolis, you'll enjoy quick access to some of the city's best dining, parks, and entertainment. This is the perfect opportunity to own a fully updated home in a rapidly growing area without the hassle of renovations. Just move in and enjoy.

844 E Berwyn Street, Indianapolis

Listing courtesy of RE/MAX Advanced Realty.

3 Beds ⋅ 4 Baths

Luxury new-construction 3-bedroom, 3.5-bath home located in the highly sought-after Fountain Square neighborhood! This stunning property features a fully finished, separate basement unit and private, fully fenced yards for each unit, offering exceptional flexibility and privacy. Showcasing high-end finishes throughout, the home is currently furnished and operating as a successful two-unit Airbnb-making it ideal for both investors and owner-occupants seeking income potential. Situated in a vibrant near-downtown location, the home is just steps from popular shops, restaurants, local retail, and offers easy highway access for convenient travel throughout Indianapolis. With ample living space and storage, this property is also perfectly suited as a forever home. A unique exterior design paired with soaring main-level ceilings creates a truly abstract and artistic aesthetic, setting this home apart from anything else on the market.

1112 Spann Avenue, Indianapolis

Listing courtesy of eXp Realty, LLC.

3 Beds ⋅ 4 Baths

Discover the charm of Bates-Hendricks living in this spacious 3-bedroom, 3.5-bath home just minutes from Downtown and Garfield Park. Sold As-Is, this property offers a flexible layout with modern updates and historic character. The upstairs bedroom features a vaulted ceiling, walk-in closet, and its own HVAC system for ultimate comfort. Basement Bonus: Two additional rooms currently used as bedrooms and a full kitchen, perfect for extra living space or rental potential. Enjoy the convenience of a detached 2-car garage and off-street parking. Perfectly positioned near Fountain Square dining, trails, and IndyGo transit, this home combines urban accessibility with neighborhood appeal. Don't miss the opportunity to make this vibrant near-downtown lifestyle yours!

709 E Minnesota Street, Indianapolis

Listing courtesy of F.C. Tucker Company.

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