501 E Markwood Avenue Indianapolis, IN $ 449,000
501 E Markwood Avenue
$ 449,000
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501 E Markwood Avenue

Indianapolis, IN, 46227
$ 449,000
Bedrooms2 Baths4.0 Sq 4,411

Monthly Estimate*

$ 3,101

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Single Family Home for sale in Indianapolis, IN

for $449,000 with 2 bedrooms and 4 full baths. This 4,411 square foot home was built in 1936 on a lot size of 0.26.

Property Highlights: Asking Price: $449,000 Location: 501 E. Markwood Ave, Indianapolis, IN Commercial Zoning with redevelopment and mixed-use potential Income-producing apartment building 12 asphalt parking spaces providing ample on-site parking for tenants and visitors Convenient access to major highways, downtown Indianapolis, shopping, restaurants, and public transportation Strong opportunity for investors seeking stable cash flow and long-term appreciation This property is ideal for investors looking to add a versatile, income-generating asset to their portfolio while benefiting from the flexibility of commercial zoning and generous on-site parking. Don't miss this opportunity to invest in one of Indianapolis' growing neighborhoods.

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Single Family Pending

Price

$ 449,000

Bedrooms

2

Full Bath

4

Property Type

Single Family

Taxes

$ 5,852

Style

Traditional

Lot Size

0.26

Year Built

1936

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22107644

Features
General
Heating Forced Air
Cooling Central Air
Possession Closing
Appliances Dishwasher Refrigerator
Architectural Style Traditional
Construction Materials Cedar
Year Built 1936
Township Perry
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Homedell
Garage Y/N N
Total Rooms 4
Full Baths 4
Status Pending
Directions GPS Friendly
City Indianapolis
High School District Perry Township Schools
MLS Area 4907 - Marion - Perry
Lot Size Square Feet 11100
Property Attached Y/N N
Standard Status Pending
Tax Lot 58 & 59
Legal Description Homedell 75Ft N End L58 & L59 Ex Hwy
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Interior
Total Fireplaces 1
Fireplace Features Living Room Wood Burning
Basement (Y/N) Y
Half Baths 0
Total Bedrooms 2
Below Grade Finished Area 0
Main Level Bedrooms 1
Total Baths 4
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Exterior
Water Source Public
Foundation Details Block Crawl Space
Building Area Total 4411
Lot Size Acres 0.26
Horse Amenities None
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* Excluded Features
List By
United Real Estate Indpls

Broker

tomvicky69@gmail.com

Email

Affordability Calculator

$3,589
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,101
Monthly Property Taxes
$488
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
4044910 Elementary School
4044906 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/23/2026$449,000 Listed Price

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501 E Markwood Avenue, Indianapolis, IN, 46227 is a Single Family Home for sale at $449,000 with 4,411 sqft and a lot size of 0.26. 501 E Markwood Avenue has 2 bedrooms, 4.0 baths, and was built in 1936. The property's zip code is 46227 which is in Indianapolis, IN