Super cute and full of possibilities, this beautifully updated home near the University of Indianapolis offers a unique opportunity for flexible living. The main home has been refreshed with newer flooring and paint, creating a bright, welcoming feel that is move-in ready from day one. What truly sets this property apart is the converted detached garage. It could be used as a rental opportunity, private guest space, home office, studio, or separate living quarters for a college student, parent, or extended family member. Whether you are looking to offset your mortgage with rental income or simply enjoy the convenience of multi-generational living, this property offers incredible versatility. Located just minutes from the University of Indianapolis, this charming home combines character, updates, and opportunity in one special package.
Active
$199,000
1303 E Castle Ave, Indianapolis, IN 46227
2beds
1,628sqft
Residential, Single Family Residence
Built in 1930
0.34 Acres Lot
$-- Zestimate®
$122/sqft
$-- HOA
What's special
Converted detached garagePrivate guest spaceHome officeCharming homeSeparate living quartersBright welcoming feelBeautifully updated home
- 41 days
- 290
- 13
Zillow last checked:
Listing updated:
Listed by:
Trisha Benefield 317-600-6970,
REALTY WORLD-Harbert Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22115849
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 2
- Level: Main
- Area: 99 Square Feet
- Dimensions: 11x9
Dining room
- Level: Main
- Area: 40 Square Feet
- Dimensions: 8x5
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x8
Laundry
- Features: Other
- Level: Basement
- Area: 500 Square Feet
- Dimensions: 25x20
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Gas Water Heater, Microwave, Electric Oven, Refrigerator
- Laundry: In Unit
Features
- Pantry
- Has basement: Yes
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,628
- Total interior livable area: 1,628 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached, Gravel
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Fencing: Fenced,Chain Link,Fence Complete
Lot
- Size: 0.34 Acres
Details
- Parcel number: 491031101001399501
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Elders University Heights
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $122/sqft
- Tax assessed value: $178,100
- Annual tax amount: $4,318
- Date on market: 7/24/2026
- Cumulative days on market: 43 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Listed for sale | $199,000+168.9%$122/sqft |
Source:  MIBOR as distributed by MLS GRID #22115849 Report a problem | ||
| 4/28/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/9/2023 | Listed for rent | $1,150+17.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/11/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/4/2021 | Listed for rent | $975$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 12/24/2020 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/1/2020 | Listed for rent | $975$1/sqft |
Source: Owner Report a problem | ||
| 3/15/2016 | Sold | $74,000-25.3%$45/sqft |
Source: Agent Provided Report a problem | ||
| 7/7/2006 | Sold | $99,000$61/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,252 +12% | $178,100 -0.6% |
| 2024 | $3,796 +11.1% | $179,200 +12% |
| 2023 | $3,417 +14.8% | $160,000 +10.6% |
| 2022 | $2,977 +3.1% | $144,700 +12.2% |
| 2021 | $2,888 +6.2% | $129,000 +3.4% |
| 2020 | $2,720 +12.9% | $124,700 +8.2% |
| 2019 | $2,409 +12.1% | $115,200 +13.9% |
| 2018 | $2,149 +6.5% | $101,100 +1.4% |
| 2017 | $2,018 +7.5% | $99,700 +8.3% |
| 2016 | $1,877 +5.7% | $92,100 +12.2% |
| 2014 | $1,776 -5.2% | $82,100 +0.9% |
| 2013 | $1,874 | $81,400 -2.5% |
| 2012 | $1,874 | $83,500 -23.3% |
| 2011 | -- | $108,800 +12% |
| 2009 | $2,094 | $97,100 +2010.9% |
| 2003 | -- | $4,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: University Heights
Nearby schools
Schools provided by the listing agent
- Elementary: Emma Donnan Elementary and Middle
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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