2840 Doctor MLK Jr Street Indianapolis IN 46208 (House For Sale) | MLS 22075557
Frequently Asked Questions
Are house prices dropping in Indianapolis?
The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $11,590.12. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.
What is the housing market like in Indianapolis at this time?
The housing market and house prices in Indianapolis are going down. The average house price is $262,593.00 and the average price per square feet is $154.69 per square foot. At the moment, there are 18657 homes listed - 2889 active, 1461 pending, and 14307 sold in Indianapolis.
What is the most popular place to buy a house in Indianapolis?
The most popular place to buy a home in Indianapolis is 4910 - Marion - Center. 4910 - Marion - Center has the most properties listed and appears to have the highest demand.
What is the amount of property taxes you have to pay for a house in Indianapolis?
The average amount of property taxes you would have to pay for a home in Indianapolis is $3,545.13. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.
How fast are houses listed in Indianapolis being sold?
Properties in Indianapolis stay on the market for an average of 88 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.
How often are houses listed for sale in Indianapolis?
The last home listed in Indianapolis was 477 minutes ago.
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Currently, there are 49 open houses available for viewing in Indianapolis.
What is the most expensive house in Indianapolis?
The cost of the most expensive home in Indianapolis is $5,400,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.
What is the cheapest house in Indianapolis?
The cost of the cheapest home in Indianapolis is $1,000.00. Buying a cheaper home can keep payments low and leave room for customization.
How old are the homes in Indianapolis?
The oldest home in Indianapolis was built in 1848, and the newest in 2026.
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How big are the homes in Indianapolis?
The average property size in Indianapolis is 2093.98 sq.ft., the largest being 13549 sq.ft., and the smallest being 200 sq.ft.
Additional Details
Property Details
Lot Dimensions:
3485
Road Frontage:
City Street
Road Surface:
Asphalt
Zoning:
C 4
Total Sq. Ft.:
3, 888
Directions:
GPS Friendly
Tax and Financial Info
Semi-Annual Property Tax:
$927
Tax Year:
2024
Other Disclosures:
As Is
Quick View
Address:
2840 Doctor MLK Jr Street Indianapolis IN 46208
Status:
Active
On Site:
212 Days On Site
Price:
$89, 900
Sq. Feet:
3, 888
Year Built:
1910
Lot Size:
0.08
County:
Marion
Township:
Center
MLS #:
22075557
Property Type:
Mixed Use
Community Information
Area:
4910 Marion Center
City:
Indianapolis
Zip Code:
46208
Description
Location, Location, Location!! Corner Lot. A historical style structure located on a historical named street: Dr Martin Luther King, Jr Street. Zoned C-4! Are you looking for an Opportunity Zone? This is it: Entrepreneurs, bed/breakfast, Office, retail, multifamily/single family, daycare, group home, church, retail, gym, restaurant, office and more. Features: handrails, gutters, porch, fresh exterior paint and more. Structure is completely gutted and ready for a new designer to create the interior. Located near downtown, hwy, hospitals, event centers, Universities, parks, school, church, upcoming/new development and more. Possibly 10 bedrooms (5 on each side). Possible contract with 10% down/terms/conditions TBD. Some fire damage to roof.
Source: MIBOR as distributed by MLS GRID, MLS ID: 22075557
Listing provided courtesy of Barbara Owens 317-921-7300 with Owens Realty
Last Updated: 5/26/2026 | 9:22 PM
Home Details
Status: Active
Price: $89,900
Address: 2840 Doctor MLK Jr Street, Indianapolis, IN 46208
Location, Location, Location!! Corner Lot. A historical style structure located on a historical named street: Dr Martin Luther King, Jr Street. Zoned C-4! Are you looking for an Opportunity Zone? This is it: Entrepreneurs, bed/breakfast, Office, retail, multifamily/single family, daycare, group home, church, retail, gym, restauran...
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Source: MIBOR as distributed by MLS GRID, MLS ID: 22075557
Listing provided courtesy of Barbara Owens 317-921-7300 with Owens Realty
Near Northwest / Riverside offers a welcoming neighborhood with a variety of housing styles, including single detached homes and townhouses built largely before 1960. The area features several green spaces such as Bertha Ross Park, providing numerous opportunities to experience nearby nature. Cycling lanes are plentiful, making bike travel straightforward and enjoyable. Car access is excellent, with convenient parking and a short drive to major highways like I-65 from all locations. A selection of restaurants and coffee shops enhances local dining options. Elementary schools, both public and private, are easily reachable, contributing to the diverse educational options within this inviting community.
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