Active

$150,000

515 Terrace Ave, Indianapolis, IN 46203

4beds

2,772sqft

$1,123/mo

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Residential, Single Family Residence

Built in 1905

3,484 Square Feet Lot

$-- Zestimate^®

$54/sqft

$-- HOA

What's special

Covered front porchHardwood flooring

This 1905 Indianapolis home is ready for someone with a vision to bring it back to life. Offering approximately 1,848 square feet across two stories, the property has plenty of space and character to work with, including hardwood flooring and a covered front porch. This is a true fixer-upper that will require renovation, but the bones and square footage provide a great starting point for your next project. Bring your contractor, your ideas, and your renovation plans-this one is ready for its next chapter. Property is being sold as-is

17 days
558
43

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 1
Main level bedrooms: 2

Primary bedroom

Level: Main
Area: 150 Square Feet
Dimensions: 10x15

Bedroom 2

Level: Upper
Area: 150 Square Feet
Dimensions: 10x15

Bedroom 3

Level: Main
Area: 150 Square Feet
Dimensions: 10x15

Bedroom 4

Level: Upper
Area: 150 Square Feet
Dimensions: 10x15

Kitchen

Features: Tile-Ceramic
Level: Main
Area: 150 Square Feet
Dimensions: 10x15

Laundry

Level: Main
Area: 150 Square Feet
Dimensions: 10x15

Living room

Level: Main
Area: 150 Square Feet
Dimensions: 10x15

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Gas Oven, Refrigerator
Laundry: Connections All

Features

Basement: Unfinished

Interior area

Total structure area: 2,772
Total interior livable area: 2,772 sqft
Finished area below ground: 0

Property

Parking

Parking features: None

Features

Levels: Two
Stories: 2
Patio & porch: Covered

Lot

Size: 3,484 Square Feet
Features: City Lot, Curbs, Sidewalks

Details

Parcel number: 491113123021000101
Special conditions: As Is,Cosmetics Needed,Fixer Upper
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Residential, Single Family Residence

Materials

Vinyl Siding
Foundation: Block

Condition

New construction: No
Year built: 1905

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: $54/sqft
Tax assessed value: $141,100
Annual tax amount: $3,388
Date on market: 9/22/2026
Cumulative days on market: 5 days

Estimated market value

Not available

Estimated sales range

Not available

$2,249/mo

Price history

Date	Event	Price
10/9/2026	Listed for sale	$150,000$54/sqft
Source: MIBOR as distributed by MLS GRID #22126287 Report a problem
9/28/2026	Pending sale	$150,000$54/sqft
Source: MIBOR as distributed by MLS GRID #22126287 Report a problem
9/22/2026	Listed for sale	$150,000+200%$54/sqft
Source: MIBOR as distributed by MLS GRID #22126287 Report a problem
2/3/2016	Listing removed	$950
Source: Lease 317 Report a problem
1/13/2016	Price change	$950-9.5%
Source: Lease 317 Report a problem
12/17/2015	Price change	$1,050+5.5%
Source: FS Houses Report a problem
11/4/2015	Listed for rent	$995+32.7%
Source: Lease 317 Report a problem
7/23/2015	Sold	$50,000-28.6%$18/sqft
Source: Public Record Report a problem
11/4/2014	Listing removed	$750
Source: Zillow Rental Network Report a problem
9/23/2014	Listed for rent	$750+3.4%
Source: Lease317 Report a problem
3/29/2012	Listing removed	$725
Source: Place To Live-317-253-1533 Report a problem
11/30/2011	Listed for rent	$725
Source: Place To Live-317-253-1533 Report a problem
11/30/2011	Listing removed	$70,000$25/sqft
Source: Place To Live Report a problem
10/21/2011	Listed for sale	$70,000+233.3%$25/sqft
Source: Place To Live Report a problem
3/21/2011	Sold	$21,000-15.7%$8/sqft
Source: MIBOR as distributed by MLS GRID #21056294 Report a problem
2/24/2011	Price change	$24,900-14.1%$9/sqft
Source: Keller Williams Indy South #21056294 Report a problem
12/5/2010	Price change	$29,000-17.1%$10/sqft
Source: Keller Williams Realty Indy Metro South #21056294 Report a problem
11/12/2010	Listed for sale	$35,000$13/sqft
Source: Keller Williams Realty Indy Metro South #21056294 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,168 +0.9%	$141,100 +5.7%
2024	$3,141 +3.5%	$133,500 +0.8%
2023	$3,034 +14.7%	$132,400 +3%
2022	$2,646 +5.6%	$128,500 +12%
2021	$2,506 +41.9%	$114,700 +6%
2020	$1,766 -1.6%	$108,200 +44.7%
2019	$1,794 +20.2%	$74,800 -0.7%
2018	$1,493 +10.1%	$75,300 +9.4%
2017	$1,355 +5.4%	$68,800 +10.4%
2016	$1,286 +4.7%	$62,300 +9.7%
2014	$1,228 +3.3%	$56,800 +7.2%
2013	$1,189	$53,000
2012	$1,189	$53,000
2011	--	$53,000
2010	$1,102 +4.7%	$53,000 +7.3%
2009	$1,053	$49,400 -11.8%
2007	--	$56,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: Near Southside

Getting around

66 / 100

Somewhat Walkable

38 / 100

Some Transit

77 / 100

Very Bikeable

Nearby schools

GreatSchools rating

5/10
James A. Garfield School 31
Grades: PK-5Distance: 0.3 mi
4/10
Edison School of the Arts 47
Grades: K-8Distance: 1.5 mi
2/10
Arsenal Technical High School
Grades: 9-12Distance: 2.1 mi

Schools provided by the listing agent

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.