545 Fletcher Avenue Indianapolis IN 46203 (House For Sale) | MLS 22079306
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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.
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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.
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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.
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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.
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The last home listed in Indianapolis was 1622 minutes ago.
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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.
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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:
5401
Lot Features:
Sidewalks, Storm Sewer, Street Lights, Mature Trees
Water Source:
Public
Main Level Sq. Ft.:
1, 388
Upper Level Sq. Ft.:
1, 331
Total Sq. Ft.:
2, 719
Basement:
Yes
Directions:
GPS Friendly
Interior Features
High Ceilings, Hardwood Floors, Wood Work Stained, Entrance Foyer
Appliances
Gas Oven, Gas Water Heater
Cool
Other
Water Heater
Gas Oven, Gas Water Heater
Heat
Forced Air, Natural Gas
Total Rooms
16 Rooms
Tax and Financial Info
Semi-Annual Property Tax:
$7, 992
Tax Year:
2025
Quick View
Address:
545 Fletcher Avenue Indianapolis IN 46203
Status:
Active
On Site:
175 Days On Site
Price:
$899, 000
Bedrooms:
4 Beds
Bathrooms:
3 Full Baths
Sq. Feet:
2, 719
Year Built:
1900
Lot Size:
0.12
County:
Marion
Township:
Center
MLS #:
22079306
Property Type:
Single Family Residence
Exterior Type
Wood Siding
Community Information
Description
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.
Source: MIBOR as distributed by MLS GRID, MLS ID: 22079306
Listing provided courtesy of Jimmy Perry 317-513-2775 with Ever Real Estate, LLC
Last Updated: 5/13/2026 | 7:07 AM
Home Details
Status: Active
Price: $899,000
Address: 545 Fletcher Avenue, Indianapolis, IN 46203
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 combi...
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Source: MIBOR as distributed by MLS GRID, MLS ID: 22079306
Listing provided courtesy of Jimmy Perry 317-513-2775 with Ever Real Estate, LLC
Fletcher Place & Holy Rosary-Danish Church is a vibrant neighborhood featuring a comprehensive bicycling network that supports easy and convenient travel throughout the area. Culinary options abound with a variety of nearby restaurants and cafes to explore regularly. Primary and high schools are conveniently close to residential locations, enhancing educational access. Ample parking and quick access to highways make driving effortless for residents. While the area buzzes with activity, entertainment options are complemented by nearby neighborhoods offering additional venues and bars. Housing includes a blend of large apartments, duplexes, and single detached homes, with many modern units built since 2000, providing diverse residential choices.
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