Classic character. Modern income. Prime location. Welcome to the charm of the past blended seamlessly with the future in one of Indy's most sought-after downtown neighborhoods, Fountain Square. This 2-bedroom home showcases rich hardwood floors throughout, a gourmet-style kitchen built for gathering, and a stunning original fireplace wrapped in intricate tile work that gives the space warmth and personality. Solid wood trim and classic windows highlight the craftsmanship and detail that make historic homes in this area so desirable. Out back, the opportunity gets even better: a detached carriage home ADU built in 2024 that's already generating $1,500 per month in rental income. Whether you're offsetting your mortgage, building long-term wealth, or creating a flexible living setup, this property delivers built-in income from day one. Historic charm in the front. Modern cash flow in the back. In a location that continues to appreciate and attract. This is the kind of property that works for you.
Sold
$440,000
1406 Fletcher Ave, Indianapolis, IN 46203
3beds
2,640sqft
Residential, Single Family Residence
Built in 1945
3,920.4 Square Feet Lot
$442,900 Zestimate®
$167/sqft
$2,377 Estimated rent
Home value
$442,900
$416,000 - $469,000
$2,377/mo
Zestimate® history
Owner options
List your home for rent
$2,377/mo
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$2,377/mo
Rent Zestimate®
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$2,743/mo
Est. payment
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$2,743/mo
Est. payment
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List your homeWhat's special
Classic windowsDetached carriage home aduSolid wood trimRich hardwood floors throughout
Zillow last checked:
Listing updated:
Listing Provided by:
Laura Waters 765-418-0985,
Highgarden Real Estate,
Leyton Wellbaum,
Highgarden Real Estate
Bought with:
Mia Schulte
eXp Realty LLC
Alex Montagano
eXp Realty LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22084080
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Bedroom 2
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Dining room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16x14
Living room
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16x14
Heating
- Forced Air
Cooling
- Central Air, Window Unit(s), Wall Unit(s)
Appliances
- Included: Gas Cooktop, Dishwasher, Electric Water Heater, Disposal, Gas Oven, Refrigerator, Microwave, Water Heater, Washer, Dryer
Features
- High Ceilings, Kitchen Island, Hardwood Floors, Walk-In Closet(s)
- Flooring: Hardwood
- Basement: Interior Entry
- Number of fireplaces: 1
- Fireplace features: Family Room, Living Room
Interior area
- Total structure area: 2,640
- Total interior livable area: 2,640 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener
- Attached garage spaces: 2
Features
- Levels: One Leveland + Loft,One and One Half
- Stories: 1
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 3,920 sqft
Details
- Additional structures: Guest House
- Parcel number: 491007112340001101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum Siding, Wood Siding, Brick
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Indianapolis
- Subdivision: Fletcher Woodlawn
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Sold | $440,000-2.2%$167/sqft |
Source:  MIBOR as distributed by MLS GRID #22084080 Report a problem | ||
| 3/15/2026 | Listing removed | $2,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/13/2026 | Pending sale | $450,000$170/sqft |
Source: MIBOR as distributed by MLS GRID #22084080 Report a problem | ||
| 2/16/2026 | Listed for rent | $2,400+50%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/14/2026 | Listed for sale | $450,000+200%$170/sqft |
Source: MIBOR as distributed by MLS GRID #22084080 Report a problem | ||
| 2/23/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/8/2020 | Listing removed | $1,600$1/sqft |
Source: Owner Report a problem | ||
| 11/3/2020 | Listed for rent | $1,600$1/sqft |
Source: Owner Report a problem | ||
| 7/13/2020 | Sold | $150,000$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,155 +108.6% | $304,000 +0.8% |
| 2024 | $3,430 | $301,500 +108.5% |
| 2023 | -- | $144,600 -7% |
| 2022 | $3,350 +120.2% | $155,500 +7.1% |
| 2021 | $1,521 +190.2% | $145,200 +8.4% |
| 2020 | $524 +6.5% | $133,900 +95.5% |
| 2019 | $492 +12.1% | $68,500 +9.6% |
| 2018 | $439 -4.8% | $62,500 +6.1% |
| 2017 | $462 +20% | $58,900 +7.9% |
| 2016 | $385 +15.7% | $54,600 +20% |
| 2014 | $332 -8.4% | $45,500 +8.9% |
| 2013 | $363 | $41,800 -3.7% |
| 2012 | $363 | $43,400 -7.5% |
| 2011 | -- | $46,900 |
| 2010 | $366 +21.8% | $46,900 +9.3% |
| 2009 | $300 | $42,900 -2.5% |
| 2007 | -- | $44,000 +25.4% |
| 2006 | -- | $35,100 +11.1% |
| 2005 | -- | $31,600 |
| 2004 | -- | $31,600 -17.1% |
| 2003 | -- | $38,100 +120.2% |
| 2002 | -- | $17,300 +191.2% |
| 2001 | -- | $5,940 |
| 2000 | -- | $5,940 |
Find assessor info on the county website
Neighborhood: Fountain Square
Nearby schools
GreatSchools rating
- 6/10William McKinley School 39Grades: PK-5Distance: 0.3 mi
- 5/10HW Longfellow Med/STEM Magnet MidlGrades: 6-8Distance: 0.1 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$442,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$442,900
- Indiana
- Marion County
- Indianapolis
- 46203
- Fountain Square
- 1406 Fletcher Ave
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