Rare opportunity to own a turnkey luxury short-term rental property in the heart of Fletcher Place featuring two fully finished homes on one lot. The main residence offers 2,719 square feet of beautifully designed living space, while the separate carriage house adds an additional 1,351 square feet, creating over 4,000 square feet of combined living and guest accommodations. Currently operating as a successful Airbnb, this unique property offers exceptional flexibility for investors, owner-occupants, house hackers, or those seeking a high-demand hospitality asset near downtown Indianapolis. Designed with large groups and entertaining in mind, both homes feature stylish finishes, multiple gathering spaces, updated kitchens, and accommodations ideal for weekend visitors, corporate stays, sporting events, concerts, and convention traffic. The setup creates a rare opportunity to maximize guest capacity while offering privacy and comfort across two separate residences. Located just minutes from Lucas Oil Stadium, Gainbridge Fieldhouse, Fountain Square, and all that downtown Indianapolis has to offer, guests and owners alike enjoy walkable access to dining, nightlife, entertainment, and major event venues. The property has an established history as a professionally operated short-term rental with strong guest appeal and repeat demand. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a one-of-a-kind downtown property with built-in income potential, this is an opportunity that stands out in one of Indianapolis' most sought-after urban neighborhoods.
Active
$899,000
545 Fletcher Ave, Indianapolis, IN 46203
4beds
2,719sqft
Residential, Single Family Residence
Built in 1900
5,227 Square Feet Lot
$-- Zestimate®
$331/sqft
$-- HOA
What's special
Stylish finishesMultiple gathering spacesUpdated kitchens
- 41 days |
- 212 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Jimmy Perry 317-281-9239,
Ever Real Estate, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22114368
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
- Area: 240 Square Feet
- Dimensions: 16X15
Bedroom 2
- Level: Upper
- Area: 240 Square Feet
- Dimensions: 16X15
Bedroom 3
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 13X12
Bedroom 4
- Features: Other
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14X13
Bonus room
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12X10
Dining room
- Features: Other
- Level: Main
- Area: 225 Square Feet
- Dimensions: 15X15
Family room
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16X14
Kitchen
- Features: Other
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14X14
Living room
- Level: Main
- Area: 225 Square Feet
- Dimensions: 15X15
Loft
- Level: Upper
- Area: 70 Square Feet
- Dimensions: 10X07
Heating
- Forced Air, Natural Gas
Cooling
- Other
Appliances
- Included: Gas Oven, Gas Water Heater
- Laundry: Upper Level
Features
- High Ceilings, Hardwood Floors, Entrance Foyer
- Flooring: Hardwood
- Windows: Wood Work Stained
- Basement: Unfinished
- Number of fireplaces: 1
- Fireplace features: Family Room
Interior area
- Total structure area: 2,719
- Total interior livable area: 2,719 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: Two and a Half
- Stories: 2
- Patio & porch: Covered
Lot
- Size: 5,227 Square Feet
- Features: Sidewalks, Storm Sewer, Street Lights, Mature Trees
Details
- Parcel number: 491112151019000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Fletcher
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $331/sqft
- Annual tax amount: $18,388
- Date on market: 7/15/2026
- Cumulative days on market: 662 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Listed for sale | $899,000$331/sqft |
Source:  MIBOR as distributed by MLS GRID #22114368 Report a problem | ||
| 7/10/2026 | Listing removed | $899,000$331/sqft |
Source: MIBOR as distributed by MLS GRID #22079306 Report a problem | ||
| 3/30/2026 | Price change | $899,000-2.8%$331/sqft |
Source: MIBOR as distributed by MLS GRID #22079306 Report a problem | ||
| 1/9/2026 | Listed for sale | $925,000-5.1%$340/sqft |
Source: MIBOR as distributed by MLS GRID #22079306 Report a problem | ||
| 12/21/2025 | Listing removed | $975,000$359/sqft |
Source: MIBOR as distributed by MLS GRID #22046208 Report a problem | ||
| 6/20/2025 | Listed for sale | $975,000-2.4%$359/sqft |
Source: MIBOR as distributed by MLS GRID #22046208 Report a problem | ||
| 6/4/2025 | Listing removed | $999,000$367/sqft |
Source: MIBOR as distributed by MLS GRID #22013759 Report a problem | ||
| 5/2/2025 | Price change | $999,000-4.9%$367/sqft |
Source: MIBOR as distributed by MLS GRID #22013759 Report a problem | ||
| 4/18/2025 | Price change | $1,050,000-12.5%$386/sqft |
Source: MIBOR as distributed by MLS GRID #22013759 Report a problem | ||
| 3/12/2025 | Price change | $1,200,000-4%$441/sqft |
Source: MIBOR as distributed by MLS GRID #22013759 Report a problem | ||
| 1/17/2025 | Price change | $1,250,000-3.8%$460/sqft |
Source: MIBOR as distributed by MLS GRID #22013759 Report a problem | ||
| 12/5/2024 | Listed for sale | $1,299,000-3.8%$478/sqft |
Source: MIBOR as distributed by MLS GRID #22013759 Report a problem | ||
| 10/1/2024 | Listing removed | $1,350,000$497/sqft |
Source: MIBOR as distributed by MLS GRID #22003322 Report a problem | ||
| 9/26/2024 | Listed for sale | $1,350,000+86.2%$497/sqft |
Source: MIBOR as distributed by MLS GRID #22003322 Report a problem | ||
| 8/19/2022 | Sold | $725,000-6.4%$267/sqft |
Source: MIBOR as distributed by MLS GRID #21868102 Report a problem | ||
| 7/18/2022 | Pending sale | $774,900$285/sqft |
Source: MIBOR as distributed by MLS GRID #21868102 Report a problem | ||
| 7/8/2022 | Listed for sale | $774,900+51.9%$285/sqft |
Source: MIBOR as distributed by MLS GRID #21868102 Report a problem | ||
| 8/17/2020 | Sold | $510,000$188/sqft |
Source: MIBOR as distributed by MLS GRID #21722750 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 1.1 mi
- 5/10HW Longfellow Med/STEM Magnet MidlGrades: 6-8Distance: 0.6 mi
- 2/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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