46203 Homes under $200,000

46203 Homes under $200,000

Welcome to the vibrant and welcoming community of Indianapolis, Indiana, nestled in the heart of Marion County, where the zip code 46203 offers an exciting blend of urban convenience and suburban charm. This area is a hidden gem for homebuyers seeking affordable living without compromising on quality or accessibility.

In 46203, you'll discover a variety of homes priced under $200,000, making it an ideal destination for first-time buyers, young families, or investors looking for lucrative opportunities. The real estate market here features a diverse selection of properties, from quaint bungalows to cozy townhouses, each with its unique character and charm. With prices that cater to a range of budgets, you can find a place that feels like home without breaking the bank.

Living in 46203 means you’re just a stone’s throw away from the bustling heart of Indianapolis, where you can enjoy an array of dining, shopping, and entertainment options. The area boasts excellent schools, beautiful parks, and a strong sense of community, making it a perfect place to settle down. Commuting is a breeze, with easy access to major highways and public transportation.

Whether you’re drawn to the rich history, the friendly neighborhoods, or the affordability of homes, zip code 46203 has something for everyone. Come explore this thriving area and find your dream home today!

Newest 46203 Homes under $200,000

1419 Leonard Street, Indianapolis
$135,000
3 Beds ⋅ 1 Baths
Incredible investment opportunity or DIY project loaded with classic character! This 3-bedroom, 1-bathroom home is being sold as-is and offers incredible potential for a buy-and-hold rental property, value add flip, or custom primary residence.

1419 Leonard Street, Indianapolis

Listing courtesy of FS Houses LLC.

1530 Barth, Indianapolis
$194,900
3 Beds ⋅ 2 Baths
Investor opportunity you don't want to miss! This property is packed with potential and offers a great opportunity for an investor or buyer looking to create a home of their own. Featuring 3 bedrooms plus a bonus room, a spacious layout, and a basement with additional potential to be finished for even more usable space. A portion of the renovation has already been completed - now it's ready for the next owner to finish the remaining work and bring their vision to life. With charming architectural details, a covered front porch, plenty of space, and multiple opportunities to add value, this property has so much to offer. Whether you're looking for your next investment project or a home to customize and make your own .don't miss this opportunity!

1530 Barth, Indianapolis

Listing courtesy of Compass Indiana, LLC.

3839 Hoyt Avenue, Indianapolis
$196,900
3 Beds ⋅ 2 Baths
Charming, kitchy, and full of character-this well-maintained 3-bedroom, 1.5-bath home is nestled in a quiet, established neighborhood and offers the perfect blend of comfort and versatility. Beautiful hardwood floors and an open-concept layout create a warm, inviting atmosphere with seamless flow between living spaces. The spacious, fully fenced backyard is ideal for entertaining, pets, or simply enjoying added privacy. An oversized 2-car garage provides ample storage and flexibility-perfect for a workshop, hobby space, or additional parking. An additional parking space is located next to the garage. The clean, solid basement offers excellent storage and potential for future use. With three bedrooms and a functional layout, this home is well-suited for both owner-occupants and savvy investors. Its setup makes it a strong candidate for furnished, mid-term, or short-term rental opportunities. A unique blend of charm, practicality, and income potential-don't miss your opportunity to own this versatile home!

3839 Hoyt Avenue, Indianapolis

Listing courtesy of My Agent.

933 E Morris Street, Indianapolis
$199,000
4 Beds ⋅ 2 Baths
Take a look at this spacious "opportunity home," boasting over 1500sf above-grade, a rare 4 bedrooms & 2 full baths (including one of each on the main floor), sitting right in the heart of Fountain Square. Featuring many updates in recent years, this house is mechanically & structurally sound, totally habitable as it sits & easy to live in, with elevated ceilings, large rooms, a convenient floor plan, detached garage & fully-fenced backyard. Entering the foyer, you're immediately greeted with a warm welcome & a period-appropriate turned staircase. But, to be honest, she has been a rental for eons & does need a little TLC - particularly an exterior paint job (so no government loans, please). With a little love and some new finishes, this is a bargain for an owner occupant, or a gem for a rental portfolio. The attic space attached to one of the bedrooms gives you more room to work with - maybe you turn it into a home office, killer walk-in closet, reading nook, or something totally different, the choice is yours. The garage has a new garage door opener and motion-sensing lights. There's also a sidewalk, leading right up to the back door, allowing secure and easy access to come and go! And lastly... you can't forget about the covered front porch, which is the perfect spot for your morning coffee, a glass of wine, or those late-night talks with whoever you want to share the space with. There's a lot of potential here, and this one is ready for the right person to bring it back to life and priced to make the investment worthy!

933 E Morris Street, Indianapolis

Listing courtesy of Carpenter, REALTORS®.

923 Spruce Street, Indianapolis
$165,000
2 Beds ⋅ 1 Baths
STOP RIGHT HERE & check out this deal: 1 existing 2BR1BA house with garage + one vacant, developable lot - both for one low price - on a good-lookin' street, in Indy's hottest neighborhood. Numerous newly-built homes nearby provide credibility to rehab the house and/or redevelop this corner with confidence. Take advantage of the historic character & hardwood floors present in this petite but habitable house to bring it back to life as an efficient home or desirable addition to any rental portfolio. Consider taking it down & building something new & magnificent on both lots! What about splitting off the second lot & selling it for profit? ($60k+/- value) The possibilities are here for you to make it your own. Whether you're an owner occupant looking for a deal to rehab, or an investor, looking to unlock a new cash cow, or a builder looking for two precious lots in Fountain Square, there is abundant potential here and so many different ways you could make this property into whatever you need it to be. M/O RECEIVED. H&B due by Tuesday 10/6 at noon.

923 Spruce Street, Indianapolis

Listing courtesy of Carpenter, REALTORS®.

2339 Hoyt Avenue, Indianapolis
$79,900
2 Beds ⋅ 1 Baths
Located between Fletcher Place and Christian Park, this 2 bedroom 1 bath home with detached garage could be the perfect addition to your rental portfolio. Plenty of higher values around this area make this home an opportunity for an investor or contractor owner occupant. Home was previously a rental property and is in need of repairs. Seller will not accept offers from wholesalers, assignments of contract, or sight unseen offers with no due diligence prior. Please see private remarks for the offer process.

2339 Hoyt Avenue, Indianapolis

Listing courtesy of Estansion Group by BLP.

925 Cottage Avenue, Indianapolis
$174,900
3 Beds ⋅ 3 Baths
Investor special in Bates Hendricks! Here is an opportunity to finish what's been started. This 3-bedroom, 3-bath, two-story home offers nearly 1666 sq ft of living space with added potential of finished attic space. 2-car detached garage. Much of the heavy lifting has already been done-demo, framing, some electrical, new 200-AMP panel, new windows, exterior paint. Now it's ready for your vision. Original details have been kept: Victorian fireplace, chandelier, staircase, stained baseboards & trim, oak hardwoods under laminate, built-in bookcases and gorgeous French doors! This property is surrounded by stunning new builds and high-end renovations. Homes on this very street are being transformed, and the ARV potential here is strong, with comps suggesting values of $350K+ when finished. Don't miss your chance to be part of the continued transformation of one of Indianapolis' most dynamic neighborhoods.

925 Cottage Avenue, Indianapolis

Listing courtesy of CENTURY 21 Scheetz.

1745 Calvin Street, Indianapolis
$134,900
2 Beds ⋅ 1 Baths
Welcome to 1745 Calvin St! Located in Indianapolis's Near Southeast neighborhood (J W Browns South East Subdivision), this single-story Traditional American home built in 1960 offers 1,190 sq ft of main-level living space featuring 2 bedrooms and 1 full bathroom. The interior layout includes a combination kitchen and dining area, main floor full bath, and efficient gas forced-air heating paired with central air conditioning. The single-level floor plan sits on a concrete block foundation with low-maintenance vinyl siding. Outside, enjoy a 5,227 sq ft lot with a fully fenced rear yard, concrete rear patio area, covered front stoop, and an attached 1-car garage with off-street parking. Fast access to downtown Indy, Fountain Square, and major thoroughfares. Updated photos to be uploaded soon

1745 Calvin Street, Indianapolis

Listing courtesy of Trelora Realty.

2436 Asbury Street, Indianapolis
$134,900
3 Beds ⋅ 1 Baths
Discover the inviting allure of 2436 Asbury ST, INDIANAPOLIS, IN. Built in 1954, this single-family residence, spanning 872 square feet, is ready for you to move in and begin your next chapter. This charming ranch-style home offers a harmonious blend of classic design and comfortable living. The living room is designed for both relaxation and functionality, featuring thoughtfully integrated built-in shelves that provide an elegant solution for displaying cherished items or organizing your literary collection. The well-appointed bathroom offers a convenient walk-in shower, providing a refreshing and accessible experience. Beyond the main living areas, a dedicated laundry room adds to the home's practical appeal, making daily chores effortless. With a generous lot size of 6490 square feet, this property provides ample outdoor space for your enjoyment. To truly appreciate the lifestyle offered by this delightful home, schedule your private viewing today.

2436 Asbury Street, Indianapolis

Listing courtesy of eXp Realty, LLC.

2506 Prospect Street, Indianapolis
$85,000
3 Beds
Investment opportunity in the Fountain Square area. Sold "as-is", cash only. Minutes from Fountain Square amenities. 2 additional vacant lots for sale across the street.

2506 Prospect Street, Indianapolis

Listing courtesy of Hoosier, REALTORS®.

1621 Harlan Street, Indianapolis
$70,000
2 Beds ⋅ 1 Baths
Welcome to 1621 Harlan St! This 2-bedroom, 1-bath home offers 924 square feet of living space with hardwood floors throughout. The property features a detached garage and a functional layout ready for the next owner to make it their own. Most recently used as a rental and professionally managed, this property offers an opportunity for an owner-occupant or investor. Convenient Indianapolis location with easy access to nearby amenities, shopping, dining and major roadways. Schedule your showing today!

1621 Harlan Street, Indianapolis

Listing courtesy of Thrive Real Estate LLC.

3949 Fletcher Avenue, Indianapolis
$125,000
2 Beds ⋅ 2 Baths
Solid, well-built home with plenty of potential! 3949 Fletcher Ave offers a great opportunity for a buyer looking to put their own personal touches on a home with good bones and plenty of character. The home has been cared for over the years and features a functional layout with comfortable living spaces and great potential to make it your own. While the home could use some TLC and updating, much of the groundwork is already here. Bring your ideas, add some cosmetic updates, and create a home that reflects your style while building equity along the way. Whether you're a first-time buyer, investor, or someone looking for a project with potential, this property is worth a look. Come see the possibilities at 3949 Fletcher Ave and imagine what you can make it!

3949 Fletcher Avenue, Indianapolis

Listing courtesy of F.C. Tucker Company.

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