Charming Fletcher Place home with rare extra lot + 2-car garage near the Cultural Trail! Ideally located just off College & Elm in one of downtown Indianapolis' most sought-after historic neighborhoods, this beautifully maintained home offers the perfect blend of historic character, modern updates, and an unbeatable location. Enjoy being just around the corner from the Cultural Trail, Bluebeard, Amelia's Bakery, Calvin Fletcher's Coffee, and all of the dining, coffee shops, and entertainment that Fletcher Place, Fountain Square, and downtown Indy have to offer. This inviting home features 3 bedrooms, 2 baths, and 1,700+ total square feet filled with warmth and original charm. Inside, you'll find a light-filled interior with fresh paint, updated lighting, and thoughtful improvements throughout that make the home truly move-in ready while preserving its historic appeal. One of the property's most exceptional features is the rare included side lot, offering incredible flexibility for outdoor entertaining, gardening, pets, future expansion, or simply enjoying extra green space - a true luxury in the downtown market. The detached two-car garage provides convenient off-street parking and additional storage, another hard-to-find amenity in this location. Recent updates include interior and exterior paint, new light fixtures, new window blinds, updated faucets, a new washer and dryer, and a new furnace (see full updates list in supplements). This is a unique opportunity to own a character-filled home with additional land in the heart of Fletcher Place - combining historic charm, modern comfort, and an unbeatable urban lifestyle. (Seller is a licensed real estate broker.)
Active
Price cut: $9.1K (6/21)
$389,900
735 Elm St, Indianapolis, IN 46203
3beds
1,744sqft
Residential, Single Family Residence
Built in 1921
3,920 Square Feet Lot
$-- Zestimate®
$224/sqft
$-- HOA
What's special
Modern updatesHistoric characterHistoric charmDetached two-car garageModern comfortCharacter-filled homeRare extra lot
- 148 days |
- 880 |
- 54 |
Zillow last checked:
Listing updated:
Listed by:
Susan Batchelder 812-322-0320,
Venture Lane Properties
Source: MIBOR as distributed by MLS GRID,MLS#: 22083423
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 144 Square Feet
- Dimensions: 12X12
Bedroom 2
- Level: Upper
- Area: 117 Square Feet
- Dimensions: 13X9
Bedroom 3
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 11X10
Breakfast room
- Level: Main
- Area: 86.4 Square Feet
- Dimensions: 10.8X8
Dining room
- Level: Main
- Area: 224.4 Square Feet
- Dimensions: 18.7X12
Kitchen
- Level: Main
- Area: 88 Square Feet
- Dimensions: 11X8
Living room
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13X12
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Microwave, Electric Oven, Range Hood, Refrigerator, Washer, Water Heater
Features
- Hardwood Floors, High Speed Internet, Smart Thermostat
- Flooring: Hardwood
- Has basement: Yes
Interior area
- Total structure area: 1,744
- Total interior livable area: 1,744 sqft
- Finished area below ground: 39
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,920 Square Feet
Details
- Parcel number: 491112236083000101
- 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: 1921
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Fletcher Place
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $224/sqft
- Tax assessed value: $297,400
- Annual tax amount: $3,068
- Date on market: 2/10/2026
- Cumulative days on market: 76 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/21/2026 | Price change | $389,900-2.3%$224/sqft |
Source: | ||
| 6/17/2026 | Listed for sale | $399,000$229/sqft |
Source: | ||
| 4/4/2026 | Pending sale | $399,000$229/sqft |
Source: | ||
| 3/21/2026 | Price change | $399,000-6.8%$229/sqft |
Source: | ||
| 2/10/2026 | Listed for sale | $427,900+24%$245/sqft |
Source: | ||
| 3/5/2021 | Sold | $345,000+7.8%$198/sqft |
Source: | ||
| 3/30/2020 | Listing removed | $319,900$183/sqft |
Source: CENTURY 21 Scheetz #21687578 Report a problem | ||
| 3/2/2020 | Price change | $319,900-1.6%$183/sqft |
Source: CENTURY 21 Scheetz #21687578 Report a problem | ||
| 1/6/2020 | Listed for sale | $325,000$186/sqft |
Source: MIBOR REALTOR Association #21687578 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,067 -11.3% | $297,400 +15.4% |
| 2024 | $3,456 -0.3% | $257,800 -11.5% |
| 2023 | $3,468 +67.4% | $291,300 +0.3% |
| 2022 | $2,072 +13.6% | $290,300 +60.4% |
| 2021 | $1,824 -15.4% | $181,000 +13.3% |
| 2020 | $2,156 +9.6% | $159,800 -13.2% |
| 2019 | $1,967 +14.4% | $184,100 +10% |
| 2018 | $1,719 +5.2% | $167,400 +4.7% |
| 2017 | $1,635 +2.3% | $159,900 +5.1% |
| 2016 | $1,598 +2.2% | $152,200 +3.8% |
| 2014 | $1,564 +10.9% | $146,600 +10% |
| 2013 | $1,411 | $133,300 -4.6% |
| 2012 | $1,411 | $139,700 +11.4% |
| 2011 | -- | $125,400 |
| 2010 | $1,291 -1.6% | $125,400 |
| 2009 | $1,312 | $125,400 -2.8% |
| 2007 | -- | $129,000 -19.9% |
| 2006 | -- | $161,100 +246.5% |
| 2005 | -- | $46,500 |
| 2004 | -- | $46,500 |
| 2003 | -- | $46,500 +137.2% |
| 2002 | -- | $19,600 +199.7% |
| 2001 | -- | $6,540 |
| 2000 | -- | $6,540 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 1.4 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 3 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.




