If ever there was a worthy renovation project, this is it! Originally built as a grand single-family home (or so we believe), 1501 Fletcher Ave was converted into a 4-unit apartment building at some point in the 30s or 40s. Time has been hard on her, and she has been empty for many decades, but that doesn't mean she can't have a bright future! Just look to her left & right to see the revitalization of Fletcher Ave, at the heart of Fountain Square. If you'll stroll the street, you can imagine what she can be again, surrounded by new and restored homes in the $500k range. She wants to be one of those! She longs for the pitter patter of little feet in her nearly 4000sf. She craves a flower garden in the huge back yard and ferns hanging on the porch, perhaps with a big, old dog sleeping on his watch. She waits to host a new owner on the upper balcony, waiving to the neighbors on a Sunday afternoon. Have you got the vision, the passion, the patience and the means to craft this story? It will be well worth it! Right now, as best we can tell, she is broken up into 4 apartments, each with 2 bedrooms, a living room, kitchen & bath. She does need everything - starting with a gut job to figure out her original floor plan. She appears structurally sound, all the floors are level, the ceilings are high, original doorways and trim remain. She can be beautiful; and at the entry price, there is definitely upside for the investment, but this is no small weekend warrior project. ** SELLER WILL RECEIVE OFFERS UNTIL NOON ON 10/7/2025 & WILL RESPOND BY 7PM SAME DAY **
Sold
$200,000
1501 Fletcher Ave, Indianapolis, IN 46203
8beds
3,946sqft
Residential, Single Family Residence
Built in 1890
4,356 Square Feet Lot
$218,600 Zestimate®
$51/sqft
$3,709 Estimated rent
Home value
$218,600
$146,000 - $313,000
$3,709/mo
Zestimate® history
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Upper balconyFlower garden
Zillow last checked:
Listing updated:
Listing Provided by:
Jennifer Blandford 317-847-2695,
Carpenter, REALTORS®
Bought with:
Chris Price
Keller Williams Indy Metro S
Billy Prather
Keller Williams Indy Metro S
Source: MIBOR as distributed by MLS GRID,MLS#: 22066251
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 4
Primary bedroom
- Features: Other
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1x1
Bedroom 2
- Features: Other
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1x1
Bedroom 3
- Features: Other
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1x1
Bedroom 4
- Features: Other
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1x1
Bedroom 5
- Features: Other
- Level: Upper
- Area: 1 Square Feet
- Dimensions: 1x1
Bedroom 6
- Features: Other
- Level: Upper
- Area: 1 Square Feet
- Dimensions: 1X1
Other
- Features: Other
- Level: Upper
- Area: 1 Square Feet
- Dimensions: 1X1
Other
- Features: Other
- Level: Upper
- Area: 1 Square Feet
- Dimensions: 1X1
Living room
- Features: Other
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1x1
Heating
- None, Natural Gas
Cooling
- None
Appliances
- Included: None
Features
- Entrance Foyer
- Basement: Cellar,Unfinished
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 3,946
- Total interior livable area: 3,946 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Alley Access, On Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck
Lot
- Size: 4,356 sqft
- Features: City Lot, Corner Lot, Sidewalks, Street Lights
Details
- Parcel number: 491007112134000101
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,Victorian
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Vinyl Siding
- Foundation: Block, Crawl Space
Condition
- Fixer
- New construction: No
- Year built: 1890
Utilities & green energy
- Water: Public
- Utilities for property: Sep Electric Meter, Sep Gas Meter, Sep Sewer Meter, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Spann & Cos 2nd Woodlawn Add
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2025 | Sold | $200,000+60%$51/sqft |
Source:  MIBOR as distributed by MLS GRID #22066251 Report a problem | ||
| 10/8/2025 | Pending sale | $125,000$32/sqft |
Source: MIBOR as distributed by MLS GRID #22066251 Report a problem | ||
| 10/4/2025 | Listed for sale | $125,000$32/sqft |
Source: MIBOR as distributed by MLS GRID #22066251 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,431 +0% | $61,400 +1.8% |
| 2024 | $1,430 +2.2% | $60,300 |
| 2023 | $1,400 +9.9% | $60,300 +1.7% |
| 2022 | $1,273 +3.9% | $59,300 +7.4% |
| 2021 | $1,225 +276% | $55,200 +4.3% |
| 2020 | $326 +6.8% | $52,900 +283.3% |
| 2019 | $305 -15.1% | $13,800 +7.8% |
| 2018 | $359 -70.5% | $12,800 -76.4% |
| 2017 | $1,217 +368.3% | $54,300 +7.5% |
| 2016 | $260 +10.3% | $50,500 +363.3% |
| 2014 | $236 -2.7% | $10,900 |
| 2013 | $242 | $10,900 +0.9% |
| 2012 | $242 | $10,800 -20.6% |
| 2011 | -- | $13,600 -6.8% |
| 2010 | $314 -1.9% | $14,600 |
| 2009 | $320 | $14,600 +4.3% |
| 2007 | -- | $14,000 +35.9% |
| 2000 | -- | $10,300 |
Find assessor info on the county website
Neighborhood: Fountain Square
Nearby schools
GreatSchools rating
- 6/10William McKinley School 39Grades: PK-5Distance: 0.2 mi
- 5/10HW Longfellow Med/STEM Magnet MidlGrades: 6-8Distance: 0.2 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: William McKinley School 39
- Middle: HW Longfellow Med/STEM Magnet Midl
- High: Arsenal Technical High School
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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Estimated market value
$218,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$218,600
- Indiana
- Marion County
- Indianapolis
- 46203
- Fountain Square
- 1501 Fletcher Ave
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