1531 N Downey Avenue
Indianapolis, IN, 46219 $ 195,000
Bedrooms4 Baths2.0 Sq 2,388 Monthly Estimate*
$ 1,347
for $195,000 with 4 bedrooms and 2 full baths. This 2,388 square foot home was built in 1955 on a lot size of 0.16.
Welcome to 1531 N Downey Ave! This charming all-brick home offers the perfect blend of character, space, and opportunity for a first-time homebuyer looking to make a home their own. Located on Indianapolis' growing east side, you'll be just minutes from Community Hospital East, Irvington, local shopping and dining, and convenient commuter routes. Featuring 4 bedrooms and 2 bathrooms, this home provides plenty of room for a growing household, guests, or a dedicated home office. The main level offers a spacious living room with a cozy wood-burning fireplace, along with a kitchen featuring granite countertops, stainless steel appliances, a wine cooler, and an included washer and dryer. Fresh interior paint, newly cleaned carpets, and updated landscaping give the home a clean, welcoming feel and make it easy to move in and start enjoying the space. The partially finished basement adds even more flexibility, including an additional bedroom and full bathroom. Whether you envision a comfortable guest space, home office, recreation area, or future finished living space, there's plenty of room to make it your own. With its solid brick construction, generous living space, fresh updates, and large basement, 1531 N Downey Ave is a great opportunity for a first-time buyer looking for a home with character and room to grow. Come see the space, envision your future here, and make it your own!
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FeaturesInteriorInterior Amenities Attic Access Built-in Features Paddle Fan
Basement Finished Walls Partially Finished
Total Fireplaces 2
Fireplace Features Basement Family Room Living Room
Basement (Y/N) Y
Half Baths 0
Total Bedrooms 4
Below Grade Finished Area 453
Main Level Bedrooms 3
Total Baths 2
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GeneralHeating Forced Air Gas
Cooling Central Air
Possession Closing
Appliances Dishwasher Microwave Electric Oven Refrigerator Gas Water Heater
Garage Spaces 2
Architectural Style Traditional
Construction Materials Brick Stone
Year Built 1955
Township Warren
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Justus Downey
Garage Y/N Y
Total Rooms 13
Full Baths 2
Status Active
High School Warren Central High School
City Indianapolis
High School District MSD Warren Township
MLS Area 4905 - Marion - Warren
Lot Size Square Feet 7057
Elementary School Brookview Elementary School
Property Attached Y/N N
Standard Status Active
Tax Lot 41
Legal Description Justus Downey Ave Add L41
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ExteriorParking Features Detached
Water Source Public
Foundation Details Block
Building Area Total 2388
Lot Size Acres 0.16
Other Equipment Smoke Alarm
Horse Amenities None
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* Excluded FeaturesList Bykburke@atpropertiesind.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,347
- Monthly Property Taxes
- $494
- 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 $314,080
Percent of Sale Price 61%
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.
4151589 Elementary School
4045048 Middle School
Warren Central High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/30/2026 | $195,000 | -4.88% | Price Down |
| 8/20/2026 | $205,000 | -6.82% | Price Down |
| 8/6/2026 | $220,000 | | Listed Price |