243 Iowa St, Indianapolis, IN 46225
What's special
PRICE IMPROVED!! Fully renovated from the studs up and move-in ready in the heart of desirable Bates-Hendricks! This impressive 3BR/2BA, 1,763 sq ft two-story home was completely rebuilt over the past year and sits on a street experiencing tremendous redevelopment, with numerous new builds-including several next door and directly across the street. Inside, the open-concept main level features high ceilings, LVP flooring, and a stylish kitchen with dark cabinetry, white quartz countertops, tiled backsplash, and center island. The main-level primary suite offers an updated ensuite bath and sliding glass door leading directly to the covered rear patio, while a separate laundry room adds convenience. Both bathrooms are beautifully finished with oversized tiled showers and striking black and gold hardware. Upstairs are two additional bedrooms plus a versatile open loft/flex space. Outside, enjoy a covered front porch, flat cleared lot, covered rear patio, and brand-new 1-car garage. For investors, Bates-Hendricks supports virtually every strategy, and this property is well suited for either long- or short-term rental use, with its size and layout offering particularly strong STR potential. With the extensive renovation already complete and virtually everything new, ownership should also benefit from substantially reduced near-term CapEx, maintenance, and repair exposure. Minutes from Fountain Square, Fletcher Place, and downtown Indy, this is an outstanding turnkey opportunity for either an owner-occupant or investor!
- 57 days |
- 104 |
- 22 |
Travel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Peter Stewart peter@peterstewartrealty.com,
Keller Williams Indpls Metro N
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 180 Square Feet
- Dimensions: 12x15
Bedroom 2
- Level: Upper
- Area: 140 Square Feet
- Dimensions: 10x14
Bedroom 3
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12x10
Kitchen
- Level: Main
- Area: 225 Square Feet
- Dimensions: 15x15
Laundry
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Living room
- Level: Main
- Area: 300 Square Feet
- Dimensions: 20x15
Loft
- Features: Luxury Vinyl Plank
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 12x14
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, MicroHood, Electric Oven, Refrigerator
- Laundry: Connections All, Main Level
Features
- High Ceilings
- Basement: Cellar
Interior area
- Total structure area: 1,891
- Total interior livable area: 1,891 sqft
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Fencing: Fenced,Partial,Privacy
Lot
- Size: 4,356 Square Feet
Details
- Parcel number: 491113171024000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl With Brick
- Foundation: Cellar
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1895
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $145/sqft
- Tax assessed value: $110,200
- Annual tax amount: $2,682
- Date on market: 8/11/2026
- Cumulative days on market: 59 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2026 | Price change | $275,000-3.5%$145/sqft |
Source:  MIBOR as distributed by MLS GRID #22118595 | ||
| 8/26/2026 | Price change | $285,000-4.8%$151/sqft |
Source: MIBOR as distributed by MLS GRID #22118595 | ||
| 8/11/2026 | Listed for sale | $299,500+77%$158/sqft |
Source: MIBOR as distributed by MLS GRID #22118595 | ||
| 9/9/2025 | Sold | $169,250-14.9%$90/sqft |
Source: MIBOR as distributed by MLS GRID #22050699 | ||
| 8/20/2025 | Pending sale | $199,000$105/sqft |
Source: MIBOR as distributed by MLS GRID #22050699 | ||
| 8/13/2025 | Listed for sale | $199,000$105/sqft |
Source: MIBOR as distributed by MLS GRID #22050699 | ||
| 8/7/2025 | Pending sale | $199,000$105/sqft |
Source: MIBOR as distributed by MLS GRID #22050699 | ||
| 7/28/2025 | Listed for sale | $199,000-9.1%$105/sqft |
Source: MIBOR as distributed by MLS GRID #22050699 | ||
| 7/4/2025 | Listing removed | $219,000$116/sqft |
Source: MIBOR as distributed by MLS GRID #22040886 | ||
| 6/27/2025 | Listed for sale | $219,000$116/sqft |
Source: MIBOR as distributed by MLS GRID #22040886 | ||
| 6/5/2025 | Pending sale | $219,000$116/sqft |
Source: MIBOR as distributed by MLS GRID #22040886 | ||
| 5/24/2025 | Listed for sale | $219,000$116/sqft |
Source: MIBOR as distributed by MLS GRID #22040886 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,258 -4.7% | $110,200 -9.3% |
| 2024 | $1,320 -4.6% | $121,500 -5.7% |
| 2023 | $1,384 +7.4% | $128,900 +4.9% |
| 2022 | $1,288 +16.2% | $122,900 +7% |
| 2021 | $1,109 -0.6% | $114,900 +10.6% |
| 2020 | $1,115 +21.8% | $103,900 +0.6% |
| 2019 | $916 +50.2% | $103,300 +12.9% |
| 2018 | $609 -2% | $91,500 +16.7% |
| 2017 | $622 +11.4% | $78,400 |
| 2016 | $558 +5.9% | $78,400 +8.6% |
| 2014 | $527 -11.4% | $72,200 +1.8% |
| 2013 | $595 | $70,900 -27.7% |
| 2012 | $595 | $98,000 +82.5% |
| 2011 | -- | $53,700 |
| 2010 | $419 +11.4% | $53,700 |
| 2009 | $376 | $53,700 -10.2% |
| 2007 | -- | $59,800 -29.4% |
| 2006 | -- | $84,700 +63.2% |
| 2005 | -- | $51,900 |
| 2004 | -- | $51,900 |
| 2003 | -- | $51,900 +270.7% |
| 2002 | -- | $14,000 |
Find assessor info on the county website
Monthly payment
Estimated market value
$272,200
$259,000 - $286,000
$1,944/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.