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243 Iowa ST Indianapolis, IN 46225 New

UPDATED: 08/12/2026 10:15 PM ON MARKET: 2 days on market

$299,500

3 Beds2 Baths1,891 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,891 sqft

Price per Sqft $158

Subdivision No Subdivision

MLS Listing ID 22118595

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1895

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Single Family Residence

Property Description

OPPORTUNITY ALERT!! Fully renovated from the studs up and move-in ready in the heart of desirable Bates-Hendricks! This impressive 3BR/2BA, 1,763 sq ft two-story home was completely rebuilt over the past year and sits on a street experiencing tremendous redevelopment, with numerous new builds-including several next door and directly across the street. Inside, the open-concept main level features high ceilings, LVP flooring, and a stylish kitchen with dark cabinetry, white quartz countertops, tiled backsplash, and center island. The main-level primary suite offers an updated ensuite bath and sliding glass door leading directly to the covered rear patio, while a separate laundry room adds convenience. Both bathrooms are beautifully finished with oversized tiled showers and striking black and gold hardware. Upstairs are two additional bedrooms plus a versatile open loft/flex space. Outside, enjoy a covered front porch, flat cleared lot, covered rear patio, and brand-new 1-car garage. For investors, Bates-Hendricks supports virtually every strategy, and this property is well suited for either long- or short-term rental use, with its size and layout offering particularly strong STR potential. With the extensive renovation already complete and virtually everything new, ownership should also benefit from substantially reduced near-term CapEx, maintenance, and repair exposure. Minutes from Fountain Square, Fletcher Place, and downtown Indy, this is an outstanding turnkey opportunity for either an owner-occupant or investor!


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