Beautifully remodeled & fully updated historic gem in the heart of Bates-Hendricks neighborhood! This turnkey home is currently a cash-flowing short-term rental (STR) with even more earnings potential & comes fully furnished for a seamless transition. Offering 4Beds, 3.5Baths, & 2420 Sq Ft, this home blends historic charm with modern updates including newer mechanicals: Electrical, plumbing, HVAC, roofing, siding, & windows (2023). Guests are welcomed into a bright, spacious entry accented with a modern plant wall feature. Open mudroom-with board-&-batten wall & built-in storage leads into the light-filled, designer kitchen featuring gorgeous tile backsplash, quartz countertops, white cabinetry, & newer stainless steel appliances. Farmhouse pendants illuminate the large breakfast bar with beadboard accent wall, while a stylish coffee bar adds even more function & character. The dining area is grounded with a modern & stylish light fixture, window-seat bench, built-in storage, & flows seamlessly into the roomy living area-perfect for sectional seating & entertaining. A convenient half bath/laundry room is located on the main level, too. This home offers two primary suites: A main-level suite with king-size bed and updated en suite with shower/tub combo and a second-level suite featuring a king bed & en suite with double sinks, a beautifully tiled shower, modern fixtures, and a spacious walk-in closet. The upper floor also includes two additional bedrooms-one currently set with a queen bed, the other with XL-over-queen bunk beds-both just steps from the third full bath with tile floors & shower/tub combo. Outside, enjoy a fully fenced backyard with a firepit and cozy seating area, ideal for entertaining. The 2-car garage is half parking & half a fun, stylish game room complete with ping-pong table. All of this in a walkable location near restaurants, a coffee shop, & Garfield park & only a short drive to everything downtown Indianapolis has to offer!
Sold
$385,000
516 Iowa St, Indianapolis, IN 46203
4beds
2,588sqft
Residential, Single Family Residence
Built in 1900
5,662.8 Square Feet Lot
$390,200 Zestimate®
$149/sqft
$2,999 Estimated rent
Home value
$390,200
$363,000 - $418,000
$2,999/mo
Zestimate® history
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$2,378/mo
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List your homeWhat's special
Modern plant wall featureQuartz countertopsStylish coffee barTwo primary suitesFarmhouse pendantsBright spacious entryLight-filled designer kitchen
Zillow last checked:
Listing updated:
Listing Provided by:
Whitney Strange 317-518-3418,
Keller Williams Indy Metro NE
Bought with:
Jason Royer
eXp Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22071576
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
- Area: 154 Square Feet
- Dimensions: 14x11
Bedroom 2
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 3
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 12x14
Bedroom 4
- Level: Upper
- Area: 182 Square Feet
- Dimensions: 14x13
Dining room
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Kitchen
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Living room
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 154 Square Feet
- Dimensions: 11x14
Heating
- High Efficiency (90%+ AFUE ), Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Gas Oven, Range Hood, Refrigerator, Washer
- Laundry: Main Level
Features
- Breakfast Bar, Built-in Features, Entrance Foyer, Ceiling Fan(s), High Speed Internet, Eat-in Kitchen, Wired for Data, Walk-In Closet(s)
- Windows: Wood Work Painted
- Basement: Cellar
Interior area
- Total structure area: 2,588
- Total interior livable area: 2,588 sqft
- Finished area below ground: 25
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage Door Opener
- Garage spaces: 2
- Details: Garage Parking Other(Garage Door Opener, Guest Street Parking)
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Exterior features: Fire Pit
- Fencing: Fenced,Full,Privacy
Lot
- Size: 5,662 sqft
- Features: Corner Lot, Curbs, Sidewalks, Street Lights
Details
- Parcel number: 491113208239000101
- Special conditions: Other
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Cement Siding
- Foundation: Brick/Mortar, Full
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1900
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Indianapolis
- Subdivision: Beatys
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Sold | $385,000-2.5%$149/sqft |
Source:  MIBOR as distributed by MLS GRID #22071576 Report a problem | ||
| 12/1/2025 | Pending sale | $395,000$153/sqft |
Source: MIBOR as distributed by MLS GRID #22071576 Report a problem | ||
| 11/19/2025 | Listed for sale | $395,000+8.2%$153/sqft |
Source: MIBOR as distributed by MLS GRID #22071576 Report a problem | ||
| 1/25/2023 | Sold | $365,000-2.7%$141/sqft |
Source: MIBOR as distributed by MLS GRID #21866592 Report a problem | ||
| 12/9/2022 | Pending sale | $375,000$145/sqft |
Source: MIBOR as distributed by MLS GRID #21866592 Report a problem | ||
| 11/22/2022 | Price change | $375,000-6%$145/sqft |
Source: MIBOR as distributed by MLS GRID #21866592 Report a problem | ||
| 10/21/2022 | Price change | $399,000-6.1%$154/sqft |
Source: MIBOR as distributed by MLS GRID #21866592 Report a problem | ||
| 8/31/2022 | Price change | $425,000-5.5%$164/sqft |
Source: MIBOR as distributed by MLS GRID #21866592 Report a problem | ||
| 7/27/2022 | Price change | $449,900-3.2%$174/sqft |
Source: MIBOR as distributed by MLS GRID #21866592 Report a problem | ||
| 6/29/2022 | Listed for sale | $465,000+190.8%$180/sqft |
Source: MIBOR as distributed by MLS GRID #21866592 Report a problem | ||
| 4/29/2021 | Sold | $159,900-15.8%$62/sqft |
Source: Public Record Report a problem | ||
| 4/13/2021 | Pending sale | $189,900$73/sqft |
Source: MIBOR as distributed by MLS GRID #21769045 Report a problem | ||
| 3/16/2021 | Price change | $189,900-5%$73/sqft |
Source: MIBOR as distributed by MLS GRID #21769045 Report a problem | ||
| 3/5/2021 | Listed for sale | $199,900+387.6%$77/sqft |
Source: MIBOR as distributed by MLS GRID #21769045 Report a problem | ||
| 7/9/2019 | Sold | $41,000-17.8%$16/sqft |
Source: Public Record Report a problem | ||
| 6/19/2019 | Pending sale | $49,900$19/sqft |
Source: American Wholesale Properties, #21617106 Report a problem | ||
| 6/6/2019 | Listed for sale | $49,900$19/sqft |
Source: American Wholesale Properties, #21617106 Report a problem | ||
| 5/14/2019 | Pending sale | $49,900$19/sqft |
Source: American Wholesale Properties, #21617106 Report a problem | ||
| 4/23/2019 | Price change | $49,900-16.7%$19/sqft |
Source: American Wholesale Properties, #21617106 Report a problem | ||
| 3/26/2019 | Price change | $59,900-14.3%$23/sqft |
Source: American Wholesale Properties, #21617106 Report a problem | ||
| 2/15/2019 | Price change | $69,900-4.1%$27/sqft |
Source: American Wholesale Properties, #21617106 Report a problem | ||
| 2/6/2019 | Price change | $72,900-12.1%$28/sqft |
Source: American Wholesale Properties, #21617106 Report a problem | ||
| 2/1/2019 | Listed for sale | $82,900$32/sqft |
Source: American Wholesale Properties, #21617106 Report a problem | ||
| 10/9/2018 | Listing removed | $82,900$32/sqft |
Source: American Wholesale Properties, #21583257 Report a problem | ||
| 10/2/2018 | Price change | $82,900-7.8%$32/sqft |
Source: American Wholesale Properties, #21583257 Report a problem | ||
| 8/24/2018 | Price change | $89,900-10%$35/sqft |
Source: American Wholesale Properties, #21583257 Report a problem | ||
| 7/23/2018 | Listed for sale | $99,900-31.7%$39/sqft |
Source: American Wholesale Properties, #21583257 Report a problem | ||
| 6/21/2018 | Listing removed | $146,362$57/sqft |
Source: Auction.com Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,151 +0.1% | $364,200 +6% |
| 2024 | $8,141 +85.8% | $343,500 +0.1% |
| 2023 | $4,382 +96.8% | $343,200 +84.9% |
| 2022 | $2,226 +6.3% | $185,600 +92.3% |
| 2021 | $2,093 +2.2% | $96,500 +6.7% |
| 2020 | $2,049 +53.1% | $90,400 +4.1% |
| 2019 | $1,339 -61.8% | $86,800 +11% |
| 2018 | $3,509 +581% | $78,200 +8.9% |
| 2017 | $515 -4.6% | $71,800 +10.5% |
| 2016 | $540 +6.9% | $65,000 -6.1% |
| 2014 | $506 -6.1% | $69,200 +7.3% |
| 2013 | $538 | $64,500 +0.2% |
| 2012 | $538 | $64,400 -7.2% |
| 2011 | -- | $69,400 |
| 2010 | $601 +18.1% | $69,400 +6.9% |
| 2009 | $509 | $64,900 -11.6% |
| 2007 | -- | $73,400 -9.9% |
| 2006 | -- | $81,500 +65.7% |
| 2005 | -- | $49,200 |
| 2004 | -- | $49,200 |
Find assessor info on the county website
Neighborhood: Near Southside
Nearby schools
GreatSchools rating
- 3/10James A. Garfield School 31Grades: PK-5Distance: 0.2 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 4 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- 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
$390,200
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Estimated market value
$390,200
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