Check out this beautiful, brand new construction, home located at 601 Terrace Ave, Indianapolis, IN 46203. This home is located in one of Indianapolis' most convenient and growing neighborhoods. An inviting property offering a bright, open layout perfect for modern living, featuring spacious bedrooms, beautiful flooring, and stylish finishes throughout. The kitchen provides plenty of counter space and storage, making everyday meals or entertaining a breeze.
Enjoy a private backyard ideal for relaxing, playtime, or weekend gatherings. Located just minutes from downtown, Fountain Square, local parks, and popular dining spots, this home offers the perfect blend of comfort and convenience.
Ideal for young families or adults seeking a clean, well-kept space with access to everything the city has to offer.
Any interested person must fill out a credit & background check prior to moving in.
Tenant responsible for utilities: gas, electric, trash, water, and internet.
Tenant responsible for yard work.
All applicants must meet the minimum qualifications listed below.
Required Documents and Screening Criteria:
Valid SS#
Gross monthly household income must meet or exceed 3xs the rent, either individually or combined.
Each applicant over 18 must complete a rental application.
A copy of your current Photo ID must be provided with each completed rental application.
A copy of two current pay stubs or W2s or an offer letter must be provided with a completed rental application.
A background check on all applicants over 18 will be run through a third-party credit agency.
No evictions or unpaid judgements from previous landlords
Credit score must be at least 650
No smoking in the house
Pets: Pets will be considered during the application process on a case-by-case basis. Once tenancy begins, no additional pets will be allowed to live at the property without express consent of the property owner.
Security Deposit: In order to secure the unit, a security deposit is due at the time the lease is signed.
Check out this beautiful home located at 601 Terrace Ave, Indianapolis, IN 46203. A beautifully updated home in one of Indianapolis' most convenient and growing neighborhoods. This inviting property offers a bright, open layout perfect for modern living, featuring spacious bedrooms, updated flooring, and stylish finishes throughout. The kitchen provides plenty of counter space and storage, making everyday meals or entertaining a breeze.
Enjoy a private backyard ideal for relaxing, playtime, or weekend gatherings. Located just minutes from downtown, Fountain Square, local parks, and popular dining spots, this home offers the perfect blend of comfort and convenience.
Ideal for young families or adults seeking a clean, well-kept space with access to everything the city has to offer.
Any interested person must fill out a credit & background check prior to moving in.
Tenant responsible for utilities: gas, electric, trash, water, and internet.
Tenant responsible for yard work.
All applicants must meet the minimum qualifications listed below.
Required Documents and Screening Criteria:
Valid SS#
Gross monthly household income must meet or exceed 3xs the rent, either individually or combined.
Each applicant over 18 must complete a rental application.
A copy of your current Photo ID must be provided with each completed rental application.
A copy of two current pay stubs or W2s or an offer letter must be provided with a completed rental application.
A background check on all applicants over 18 will be run through a third-party credit agency.
No evictions or unpaid judgements from previous landlords
Credit score must be at least 650
No smoking in the house
Pets: Pets will be considered during the application process on a case-by-case basis. Once tenancy begins, no additional pets will be allowed to live at the property without express consent of the property owner.
Security Deposit: In order to secure the unit, a security deposit is due at the time the lease is signed.
Sold for $500,000
$500,000
601 Terrace Ave, Indianapolis, IN 46203
3beds
--sqft
Townhouse
Built in ----
-- sqft lot
$499,000 Zestimate®
$--/sqft
$1,884 Estimated rent
Home value
$499,000
$464,000 - $539,000
$1,884/mo
Zestimate® history
Owner options
List your home for rent
$1,884/mo
Rent Zestimate®
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$1,884/mo
Rent Zestimate®
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$3,144/mo
Est. payment
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$3,144/mo
Est. payment
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List your homeWhat's special
Spacious bedroomsBright open layoutUpdated flooringBeautifully updated home
Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Property
Parking
- Details: Contact manager
Features
- Exterior features: Electricity not included in rent, Garbage not included in rent, Gas not included in rent, Internet not included in rent, Water not included in rent
Details
- Parcel number: 491113123038000101
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Community & HOA
Community
- Deposit fee: $1,995
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $34,000
- Annual tax amount: $807
- Date on market: 11/14/2025
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 1/8/2026 | Listing removed | $1,995 |
Source: Zillow Rentals Report a problem | ||
| 12/18/2025 | Price change | $1,995-0.3% |
Source: Zillow Rentals Report a problem | ||
| 11/15/2025 | Listed for rent | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 11/10/2025 | Sold | $500,000+481.4% |
Source: Public Record Report a problem | ||
| 4/25/2025 | Sold | $86,000+1.2% |
Source: Public Record Report a problem | ||
| 1/14/2022 | Sold | $85,000-8.5% |
Source: | ||
| 12/29/2021 | Pending sale | $92,900+28.7% |
Source: | ||
| 12/14/2021 | Sold | $72,200-22.3% |
Source: Public Record Report a problem | ||
| 12/14/2021 | Listed for sale | $92,900+36.6% |
Source: | ||
| 12/26/2019 | Listing removed | $68,000 |
Source: Red Oak Real Estate Group #21635188 Report a problem | ||
| 5/8/2019 | Listed for sale | $68,000+411.3% |
Source: Red Oak Real Estate Group #21635188 Report a problem | ||
| 9/29/2016 | Sold | $13,299-75.8% |
Source: Public Record Report a problem | ||
| 5/1/2009 | Listing removed | $55,000 |
Source: Listhub #2918123 Report a problem | ||
| 4/16/2009 | Listed for sale | $55,000 |
Source: Listhub #2918123 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $807 -14.5% | $34,000 |
| 2024 | $943 -0.2% | $34,000 |
| 2023 | $945 -6.3% | $34,000 |
| 2022 | $1,009 +0.2% | $34,000 |
| 2021 | $1,007 | $34,000 |
| 2020 | -- | $34,000 +794.7% |
| 2019 | $91 +12.2% | $3,800 |
| 2018 | $81 | $3,800 |
| 2017 | -- | $3,800 |
| 2016 | $84 +1.9% | $3,800 |
| 2014 | $82 -3.6% | $3,800 |
| 2013 | $85 | $3,800 |
| 2012 | $85 | $3,800 -29.6% |
| 2011 | -- | $5,400 -88.9% |
| 2010 | $1,008 +4.4% | $48,500 +7.1% |
| 2009 | $965 | $45,300 -11.7% |
| 2007 | -- | $51,300 |
Find assessor info on the county website
Neighborhood: Near Southside
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Nearby schools
GreatSchools rating
- 5/10James A. Garfield School 31Grades: PK-5Distance: 0.3 mi
- 4/10Edison School of the Arts 47Grades: K-8Distance: 1.6 mi
- 2/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.1 mi
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Estimated market value
$499,000
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
$499,000