4405 Prospect Street Indianapolis, IN $ 189,900
4405 Prospect Street
$ 189,900
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4405 Prospect Street

Indianapolis, IN, 46203
$ 189,900
Bedrooms4 Baths1.0 Sq 960

Monthly Estimate*

$ 1,312

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Single Family Home for sale in Indianapolis, IN

for $189,900 with 4 bedrooms and 1 full bath. This 960 square foot home was built in 1949 on a lot size of 0.26.

Investment Opportunity with Strong Cash Flow, this is it! Immediate income with this fully renovated 4-bedroom, 1-bath investment property. With lease in place through IHA at $2,310/month which aligns with key investor benchmarks. Move-in date of May 8, 2026. The home has been completely gutted down to the studs and thoughtfully remodeled from top to bottom, offering peace of mind and low maintenance for years to come. Major upgrades include, new metal roof, all-new mechanicals, updated electrical with a 200-amp panel, and a mini-split system with supplemental heat making this property incredibly cost-effective. Inside, the property features luxury vinyl plank flooring throughout, a beautifully updated kitchen with granite countertops, new cabinetry, stainless steel appliances, and modern finishes, plus recessed lighting and contemporary touches that elevate the entire space. The functional layout offers four bedrooms, providing flexibility and strong rental appeal. Additional improvements such as new windows, exterior siding, and a tankless water heater offer enhanced efficiency and long-term value. Whether you're expanding your portfolio or securing your first investment, this is a true turnkey opportunity with built-in returns from day one.

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Single Family Active

Price

$ 189,900

Bedrooms

4

Full Bath

1

Property Type

Single Family

Taxes

$ 324

Style

Ranch

Lot Size

0.26

Year Built

1949

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22099054

Features
Interior
Interior Amenities Vaulted Ceiling(s) Eat-in Kitchen
Basement (Y/N) N
Half Baths 0
Laundry Features Connections All Main Level
Total Bedrooms 4
Main Level Bedrooms 4
Total Baths 1
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General
Heating Zoned Electric
Cooling Dual Wall Unit(s)
Utilities Electricity Connected Sewer Connected Water Connected
Possession Negotiable
Appliances Microwave Electric Oven Refrigerator
Garage Spaces 0
Patio/Porch Features Patio Porch
Architectural Style Ranch
Construction Materials Vinyl Siding
Year Built 1949
Township Center
Levels One
Property Subtype Single Family Residence
Tax Year 2024
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name No Subdivision
Garage Y/N N
Total Rooms 7
Full Baths 1
Status Active
Directions GPS Friendly
High School Arsenal Technical High School
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 11326
Elementary School Christian Park School 82
Property Attached Y/N N
Current Financing Conventional FHA VA
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Virtual Tour https://www.zillow.com/view-imx/c0162e42-7de3-4c71-b6aa-48f218fb0dea?wl=true&setAttribution=mls&initialViewType=pano https://www.zillow.com/view-imx/c0162e42-7de3-4c71-b6aa-48f218fb0dea?initialViewType=pano
Standard Status Active
Tax Lot 49-10-16-151-012.000-101
Legal Description Pt Ne1/4 S16 T15 R4 Beg 53' S & 160' E Of Nw Cor Pob E60' S150 W60' N150' To Beg .26 Ac
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Exterior
Parking Features On Street
Lot Features Sidewalks
Water Source Public
Foundation Details Crawl Space
Building Area Total 960
Lot Size Acres 0.26
Waterfront Y/N N
Horse Amenities None
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* Excluded Features
List By
Trueblood Real Estate

Broker

tmccormick@truebloodre.com

Email

Affordability Calculator

$1,339
Per Month
98%
2%
0%
Monthly Principal & Interest
$1,312
Monthly Property Taxes
$27
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5099131 Elementary School
4044909 Middle School
Arsenal Technical High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2026$189,900 -3.06% Price Down
5/1/2026$195,900 Listed Price

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4405 Prospect Street, Indianapolis, IN, 46203 is a Single Family Home for sale at $189,900 with 960 sqft and a lot size of 0.26. 4405 Prospect Street has 4 bedrooms, 1.0 baths, and was built in 1949. The property's zip code is 46203 which is in Indianapolis, IN