Investment Opportunity Near the University of Indianapolis! This move-in-ready 3-bedroom, 1.5-bath ranch offers exceptional potential for investors, first-time homebuyers, and those seeking a strong rental property in a high-demand Indianapolis location. Situated on the city's south side, this property is just minutes from the University of Indianapolis, major employers, I-65, downtown Indianapolis, shopping, dining, and entertainment. Inside, you'll find beautiful hardwood floors throughout, a functional floor plan, and a remodeled eat-in kitchen featuring updated modern finishes and stainless steel appliances. A dedicated laundry room, enclosed front porch, and detached 2-car garage add convenience and value, while the spacious lot provides room for outdoor enjoyment and future improvements. With strong rental demand near the University of Indianapolis and continued growth throughout the south Indianapolis market, this property presents multiple investment strategies, including buy-and-hold, long-term rental, owner-occupant, or value-add opportunities. Its desirable location, solid condition, and income-producing potential make it an attractive addition to any real estate portfolio. Don't miss this opportunity to own an affordable Indianapolis investment property with excellent upside potential. Schedule your private showing today and discover the possibilities.
Active
Price cut: $5K (7/14)
$175,000
4147 Bowman Ave, Indianapolis, IN 46227
3beds
1,034sqft
Residential, Single Family Residence
Built in 1968
5,227 Square Feet Lot
$-- Zestimate®
$169/sqft
$-- HOA
What's special
Updated modern finishesEnclosed front porchRemodeled eat-in kitchenStainless steel appliancesDedicated laundry roomBeautiful hardwood floors throughoutFunctional floor plan
- 25 days |
- 716 |
- 60 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Antwon Culbreath 463-224-6687,
Redfin Corporation
Source: MIBOR as distributed by MLS GRID,MLS#: 22110189
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12 x 10
Bedroom 2
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13 x 10
Bedroom 3
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12 x 10
Kitchen
- Level: Main
- Area: 150 Square Feet
- Dimensions: 15 x 10
Laundry
- Level: Main
- Area: 30 Square Feet
- Dimensions: 5 x 6
Living room
- Level: Main
- Area: 234 Square Feet
- Dimensions: 18 x 13
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Microwave, Electric Oven, Refrigerator, Washer
Features
- Hardwood Floors
- Flooring: Hardwood
- Has basement: No
Interior area
- Total structure area: 1,034
- Total interior livable area: 1,034 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Glass Enclosed
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 491031101001260501
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Brick
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: University Heights
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $169/sqft
- Tax assessed value: $104,400
- Annual tax amount: $2,458
- Date on market: 6/24/2026
- Cumulative days on market: 26 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Price change | $175,000-2.8%$169/sqft |
Source:  MIBOR as distributed by MLS GRID #22110189 Report a problem | ||
| 6/24/2026 | Listed for sale | $180,000+195.1%$174/sqft |
Source: MIBOR as distributed by MLS GRID #22110189 Report a problem | ||
| 6/16/2026 | Listing removed | $1,575$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/26/2026 | Listed for rent | $1,575$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/16/2014 | Sold | $61,000+16.7%$59/sqft |
Source: MIBOR as distributed by MLS GRID #21280863 Report a problem | ||
| 3/5/2014 | Sold | $52,275$51/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,458 +19.1% | $104,400 +0.8% |
| 2024 | $2,064 +18.6% | $103,600 +19.1% |
| 2023 | $1,740 +24.7% | $87,000 +18% |
| 2022 | $1,396 +6.1% | $73,700 +21.8% |
| 2021 | $1,315 +8.8% | $60,500 +6.5% |
| 2020 | $1,209 +14% | $56,800 +10.9% |
| 2019 | $1,060 +12.9% | $51,200 +15.1% |
| 2018 | $939 +15.5% | $44,500 +4.2% |
| 2017 | $813 +27.2% | $42,700 +20.3% |
| 2016 | $639 -0.5% | $35,500 +19.5% |
| 2014 | $642 -5.8% | $29,700 +2.4% |
| 2013 | $682 | $29,000 -4.6% |
| 2012 | $682 | $30,400 -69.8% |
| 2011 | -- | $100,800 +14.3% |
| 2009 | $1,880 | $88,200 -1.9% |
| 2007 | -- | $89,900 +15.3% |
| 2004 | -- | $78,000 |
| 2003 | -- | $78,000 +119.1% |
| 2002 | -- | $35,600 +199.9% |
| 2001 | -- | $11,870 |
| 2000 | -- | $11,870 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: University Heights
Nearby schools
GreatSchools rating
- 3/10Raymond F. Brandes School 65Grades: PK-6Distance: 0.5 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 5.1 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 4.9 mi
Schools provided by the listing agent
- Elementary: Raymond F Brandes School 65
- Middle: Arlington Community Middle School
- 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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A local agent can set up tours, give advice and negotiate with sellers.
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