Opportunity awaits in the Fountain Square area! This 2-bedroom, 1-bath home offers flexibility for a variety of buyers, whether you're seeking a primary residence, rental property, or investment opportunity. Previously utilized as a professionally managed rental, the property is conveniently located near local dining, entertainment, and downtown Indianapolis. Explore the possibilities and make it your own.
Sold
Zestimate®
$62,500
518 S State Ave, Indianapolis, IN 46203
2beds
736sqft
Residential, Single Family Residence
Built in 1930
1,306.8 Square Feet Lot
$62,500 Zestimate®
$85/sqft
$1,195 Estimated rent
Home value
$62,500
$59,000 - $66,000
$1,195/mo
Zestimate® history
Owner options
List your home for rent
$1,195/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,195/mo
Rent Zestimate®
Refinance and save
$314/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$314/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Amanda Hull 317-223-1405,
Thrive Real Estate LLC
Bought with:
Yuri Guzman
VISION Casa Realty LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22105864
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10x11
Bedroom 2
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10x11
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Living room
- Level: Main
- Area: 180 Square Feet
- Dimensions: 12x15
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Water Heater
Features
- Windows: Wood Work Painted
- Has basement: No
Interior area
- Total structure area: 736
- Total interior livable area: 736 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 1,306 sqft
Details
- Parcel number: 491007112335000101
- Special conditions: As Is,Broker Owned
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Block
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Indianapolis
- Subdivision: No Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Sold | $62,500+4.2%$85/sqft |
Source:  MIBOR as distributed by MLS GRID #22105864 Report a problem | ||
| 6/8/2026 | Pending sale | $59,999$82/sqft |
Source: MIBOR as distributed by MLS GRID #22105864 Report a problem | ||
| 6/3/2026 | Listed for sale | $59,999$82/sqft |
Source: MIBOR as distributed by MLS GRID #22105864 Report a problem | ||
| 5/19/2026 | Listing removed | $725$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/28/2026 | Price change | $725-12.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/2/2026 | Listed for rent | $825$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/23/2026 | Listing removed | $825$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/16/2026 | Listed for rent | $825$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/16/2026 | Listing removed | $825$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/30/2025 | Price change | $825-2.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/24/2025 | Price change | $850-5.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/15/2025 | Listed for rent | $900+80%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/19/2017 | Listing removed | $500$1/sqft |
Source: Lease 317 Report a problem | ||
| 3/7/2017 | Listed for rent | $500$1/sqft |
Source: Lease 317 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,469 +0% | $64,100 +3.6% |
| 2024 | $1,468 +4.9% | $61,900 |
| 2023 | $1,400 +23.1% | $61,900 +4.4% |
| 2022 | $1,137 +12.9% | $59,300 +20.3% |
| 2021 | $1,007 +22.3% | $49,300 +13.3% |
| 2020 | $824 +8.8% | $43,500 +24.6% |
| 2019 | $758 -1.2% | $34,900 +9.7% |
| 2018 | $767 +235.6% | $31,800 +5.6% |
| 2017 | $228 +14.9% | $30,100 +8.3% |
| 2016 | $199 +16.3% | $27,800 +18.8% |
| 2014 | $171 -75.5% | $23,400 +9.3% |
| 2013 | $698 | $21,400 -31.2% |
| 2012 | $698 | $31,100 -5.8% |
| 2011 | -- | $33,000 |
| 2010 | $686 +7.7% | $33,000 +10.4% |
| 2009 | $637 | $29,900 -2.6% |
| 2007 | -- | $30,700 +47.6% |
| 2003 | -- | $20,800 +181.1% |
| 2002 | -- | $7,400 +199.6% |
| 2001 | -- | $2,470 |
| 2000 | -- | $2,470 |
Find assessor info on the county website
Neighborhood: Fountain Square
Nearby schools
GreatSchools rating
- 6/10William McKinley School 39Grades: PK-5Distance: 0.1 mi
- 5/10HW Longfellow Med/STEM Magnet MidlGrades: 6-8Distance: 0.3 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$62,500
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
$62,500
- Indiana
- Marion County
- Indianapolis
- 46203
- Fountain Square
- 518 S State Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
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