545 Fletcher Avenue
Indianapolis, IN, 46203 $ 899,000
Bedrooms4 Baths3.0 Sq 2,719 Monthly Estimate*
$ 6,209
for $899,000 with 4 bedrooms and 3 full baths. This 2,719 square foot home was built in 1900 on a lot size of 0.12.
Rare opportunity to own a turnkey luxury short-term rental property in the heart of Fletcher Place featuring two fully finished homes on one lot. The main residence offers 2,719 square feet of beautifully designed living space, while the separate carriage house adds an additional 1,351 square feet, creating over 4,000 square feet of combined living and guest accommodations. Currently operating as a successful Airbnb, this unique property offers exceptional flexibility for investors, owner-occupants, house hackers, or those seeking a high-demand hospitality asset near downtown Indianapolis. Designed with large groups and entertaining in mind, both homes feature stylish finishes, multiple gathering spaces, updated kitchens, and accommodations ideal for weekend visitors, corporate stays, sporting events, concerts, and convention traffic. The setup creates a rare opportunity to maximize guest capacity while offering privacy and comfort across two separate residences. Located just minutes from Lucas Oil Stadium, Gainbridge Fieldhouse, Fountain Square, and all that downtown Indianapolis has to offer, guests and owners alike enjoy walkable access to dining, nightlife, entertainment, and major event venues. The property has an established history as a professionally operated short-term rental with strong guest appeal and repeat demand. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a one-of-a-kind downtown property with built-in income potential, this is an opportunity that stands out in one of Indianapolis' most sought-after urban neighborhoods.
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FeaturesInteriorInterior Amenities High Ceilings Wood Work Stained Entrance Foyer
Basement Unfinished
Total Fireplaces 1
Fireplace Features Family Room
Basement (Y/N) Y
Half Baths 0
Laundry Features Upper Level
Total Bedrooms 4
Below Grade Finished Area 0
Main Level Bedrooms 1
Total Baths 3
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GeneralHeating Forced Air Natural Gas
Cooling Other
Possession Closing Negotiable
Appliances Gas Oven Gas Water Heater
Garage Spaces 2
Patio/Porch Features Covered
Architectural Style Traditional
Construction Materials Wood Siding
Year Built 1900
Township Center
Levels Two and a Half
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Fletcher
Garage Y/N Y
Total Rooms 16
Full Baths 3
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Property Attached Y/N N
Standard Status Active
Tax Lot 49-11-12-151-019.000-101
Legal Description Soughton A Fletcher Jr Sub Pt L20 Ol94 Beg Ne Cor P.O.B. S118 Se11.7 E5.10 Sw30 Nw45 N133' E40' To Beg
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ExteriorParking Features Attached
Lot Features Sidewalks Storm Sewer Street Lights Mature Trees
Water Source Public
Foundation Details Block
Building Area Total 2719
Lot Size Acres 0.12
Other Equipment Smoke Alarm
Horse Amenities None
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* Excluded FeaturesList ByEver Real Estate, LlcBroker
jim.perry@everrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,209
- Monthly Property Taxes
- $1,532
- 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.
Learn more about how to save NearbySingle family listings in Indianapolis, IN
Average List Price $314,758
Percent of Sale Price 65%
About Indianapolis, IN 843,184 Population
8% Since 2002
$ 43,160 Median Income
35.24 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2026 | $899,000 | | Listed Price |