Great investment opportunity in Historic Ransom Place, adjacent to the IU Indianapolis campus. This spacious four-bedroom home is being sold as is with immediate possession, a rare chance to add value in one of downtown's most historic neighborhoods. Hardwood flooring runs throughout the main and upper levels, and both the roof and water heater were replaced in 2025. The main level offers two bedrooms, an office, and multiple living areas, with a full bathroom on this floor and another full bathroom upstairs. The home also includes three additional rooms, each fitted with a bathtub and toilet (sinks located just outside), making the property well suited to multi occupancy, rental, or shared student housing right next to campus. Upstairs, a large bedroom and two bonus rooms could be combined into a primary suite or used as office, studio, or guest space. This home is being sold as-is. Walk to the Canal Walk and downtown Indianapolis, with easy access to I-65 and I-70.
Active
$255,000
838 Dr Martin Luther King Jr St, Indianapolis, IN 46202
4beds
2,668sqft
:
Get pre-qualified$1,717/mo
Residential, Single Family Residence
Built in 1910
3,920 Square Feet Lot
$-- Zestimate®
$96/sqft
$-- HOA
What's special
Spacious four-bedroom home
- 29 days |
- 269 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Jie Zhou 317-764-7472,
MYL Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22111117
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 3
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 225 Square Feet
- Dimensions: 15x15
Bedroom 2
- Level: Main
- Area: 104 Square Feet
- Dimensions: 13x8
Bedroom 3
- Level: Upper
- Area: 300 Square Feet
- Dimensions: 20x15
Bedroom 4
- Level: Upper
- Area: 225 Square Feet
- Dimensions: 15x15
Bonus room
- Level: Upper
- Area: 117 Square Feet
- Dimensions: 13x9
Dining room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Family room
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16x14
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 117 Square Feet
- Dimensions: 13x9
Laundry
- Features: Tile-Ceramic
- Level: Main
- Area: 30 Square Feet
- Dimensions: 6x5
Office
- Level: Main
- Area: 104 Square Feet
- Dimensions: 13x8
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Gas Oven, Refrigerator, Gas Water Heater
- Laundry: Main Level
Features
- Hardwood Floors
- Flooring: Hardwood
- Basement: Cellar,Unfinished
Interior area
- Total structure area: 2,668
- Total interior livable area: 2,668 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Covered
Lot
- Size: 3,920 Square Feet
- Features: Sidewalks, Storm Sewer, Street Lights, Mature Trees
Details
- Parcel number: 491102160185000101
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Wm Y Wileys
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $96/sqft
- Tax assessed value: $156,900
- Annual tax amount: $3,510
- Date on market: 6/29/2026
- Cumulative days on market: 31 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Listed for sale | $255,000-16.4%$96/sqft |
Source:  MIBOR as distributed by MLS GRID #22111117 Report a problem | ||
| 6/22/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/24/2025 | Listed for sale | $305,000+29.8%$114/sqft |
Source: Owner Report a problem | ||
| 11/1/2019 | Sold | $235,000-6%$88/sqft |
Source: Public Record Report a problem | ||
| 7/16/2019 | Pending sale | $249,900$94/sqft |
Source: MIBOR REALTOR Association #21650652 Report a problem | ||
| 6/28/2019 | Listed for sale | $249,900+119.3%$94/sqft |
Source: MIBOR REALTOR Association #21650652 Report a problem | ||
| 5/2/2009 | Listing removed | $113,960$43/sqft |
Source: XDeadline.com Inc #2778049 Report a problem | ||
| 1/31/2009 | Listed for sale | $113,960+14%$43/sqft |
Source: XDeadline.com Inc #2778049 Report a problem | ||
| 11/26/2008 | Sold | $100,000-12.2%$37/sqft |
Source: MIBOR as distributed by MLS GRID #2778049 Report a problem | ||
| 8/8/2008 | Listed for sale | $113,960$43/sqft |
Source: Carpenter Realtors #2778049 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,510 +0% | $156,900 +6.1% |
| 2024 | $3,508 +0.9% | $147,900 |
| 2023 | $3,475 +10% | $147,900 +0.5% |
| 2022 | $3,158 -6.8% | $147,200 +7.5% |
| 2021 | $3,388 +111% | $136,900 -6.4% |
| 2020 | $1,606 +2.4% | $146,300 +5.6% |
| 2019 | $1,567 +13.1% | $138,600 +3% |
| 2018 | $1,386 +0% | $134,500 +4.5% |
| 2017 | $1,386 +6.4% | $128,700 +0.3% |
| 2016 | $1,302 +7% | $128,300 +12% |
| 2014 | $1,217 -0.7% | $114,600 +0.4% |
| 2013 | $1,225 | $114,200 +1.7% |
| 2012 | $1,225 | $112,300 +396.9% |
| 2011 | -- | $22,600 |
| 2010 | $176 +10.9% | $22,600 -0.4% |
| 2009 | $159 | $22,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: West Newton
Nearby schools
GreatSchools rating
- 5/10West Newton Elementary SchoolGrades: K-6Distance: 0.9 mi
- 3/10Decatur Middle SchoolGrades: 7-8Distance: 1.9 mi
- 3/10Decatur Central High SchoolGrades: 9-12Distance: 1.8 mi
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