243 Iowa Street, Indianapolis, IN 46225
Local realty services provided by:Schuler Bauer Real Estate ERA Powered



Listed by:peter stewart
Office:keller williams indpls metro n
MLS#:22050699
Source:IN_MIBOR
Price summary
- Price:$199,000
- Price per sq. ft.:$101.95
About this home
Investor special in Bates Hendricks! Welcome to 243 Iowa St, a prime opportunity to finish what's been started and reap the rewards. This 3-bedroom, 2-bath, two-story home offers nearly 2,000 sq ft of finished living space and sits on a spacious, flat .10-acre lot with a brand-new 1-car detached garage. Much of the heavy lifting has already been done-demo, design, framing, drywall, rough plumbing and electrical, new windows, and flooring are in place. Now it's ready for your finishing touches. Designed with an investor in mind, this home features a desirable layout with a main-level primary suite, complete with an en-suite bath and sliding glass doors that open to the backyard. Upstairs, you'll find two additional bedrooms, a full bath, and a versatile loft space. Located in the heart of Bates Hendricks-one of Indy's hottest revitalized neighborhoods-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. Just minutes to downtown, this location is ideal for short, mid, or long-term rental strategies-or rehab and flip it for a great return. Property is sold as-is and will require cash or hard money financing. Don't miss your chance to be part of the continued transformation of one of Indianapolis' most dynamic neighborhoods. NOTE - THE TWO VACANT LOTS NEXT DOOR ARE NOT INCLUDED IN THE SALE!!
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Home facts
- Year built:1895
- Listing Id #:22050699
- Added:17 day(s) ago
- Updated:August 14, 2025 at 10:42 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,824 sq. ft.
Structure and exterior
- Year built:1895
- Building area:1,824 sq. ft.
- Lot area:0.1 Acres
Utilities
- Water:Public Water
Finances and disclosures
- Price:$199,000
- Price per sq. ft.:$101.95
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