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  • $285,000

    1401 E Castle Ave, Indianapolis, IN 46227

    4beds
    4,718sqft
    Residential, Single Family Residence
    Built in 1951
    0.28 Acres lot
    $285,100 Zestimate®
    $60/sqft
    $-- HOA

    What's special

    This property is a double threat, it would make a great property to make your future primary residence, great quiet neighborhood and beautiful corner lot with great yard or purchase as an investment property and rent to University of Indianapolis students, home was previously rented to 6 students and market rate is currently $500 per student. That's 3,000 per month in income and current owner is always getting calls to rent this property, its only 5 minute walk to campus. This is a great ranch style, limestone exterior 4 bed 2.5 bath home very spacious in size with finished basement area and 2 car attached garage, fenced in back yard. Interior has large family room, separate dining area and a fireplace on the first floor and in the finished basement. This property can also qualify for 100% financing with no mortgage insurance with a 680 credit score....feel free to ask for more information on this program.

    Zillow last checked: 7 hours ago

    Listing updated: April 26, 2025 at 05:17pm

    Listing Provided by:

    Shane Burns shane@victoryrealtyteam.com,

    Victory Realty Team

    Bought with:

    Logan Sanford

    Real Broker, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22024280MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    • Main level bathrooms: 3
    • Main level bedrooms: 4
    Primary bedroom
    • Features: Vinyl Plank
    • Level: Main
    • Area: 180 Square Feet
    • Dimensions: 15x12
    Bedroom 2
    • Features: Hardwood
    • Level: Main
    • Area: 143 Square Feet
    • Dimensions: 13x11
    Bedroom 3
    • Features: Vinyl Plank
    • Level: Main
    • Area: 143 Square Feet
    • Dimensions: 13x11
    Bedroom 4
    • Features: Hardwood
    • Level: Main
    • Area: 330 Square Feet
    • Dimensions: 22x15
    Dining room
    • Features: Hardwood
    • Level: Main
    • Area: 238 Square Feet
    • Dimensions: 17x14
    Kitchen
    • Features: Other
    • Level: Main
    • Area: 160 Square Feet
    • Dimensions: 20x8
    Laundry
    • Features: Laminate Hardwood
    • Level: Main
    • Area: 360 Square Feet
    • Dimensions: 20x18
    Living room
    • Features: Hardwood
    • Level: Main
    • Area: 252 Square Feet
    • Dimensions: 21x12
    Office
    • Features: Laminate Hardwood
    • Level: Main
    • Area: 192 Square Feet
    • Dimensions: 16x12
    Heating
    • Forced Air
    Appliances
    • Included: Dishwasher, Dryer, MicroHood, Gas Oven, Refrigerator, Washer, Gas Water Heater, Water Softener Owned
    • Laundry: Main Level
    Features
    • Bookcases, High Ceilings, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, High Speed Internet, Smart Thermostat
    • Windows: Skylight(s), Windows Thermal, Wood Work Stained
    • Basement: Full,Roughed In,Walk-Out Access,Daylight
    • Number of fireplaces: 1
    • Fireplace features: Basement, Living Room, Masonry, Wood Burning
    Interior area
    • Total structure area: 4,718
    • Total interior livable area: 4,718 sqft
    • Finished area below ground: 896

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Breeze Way, Porch
    • Fencing: Fenced,Partial,Privacy
    Lot
    • Size: 0.28 Acres
    • Features: Corner Lot, Sidewalks, Street Lights, Mature Trees
    Details
    • Parcel number: 491031101001132501
    • Special conditions: None
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch,Traditional
    • Property subtype: Residential, Single Family Residence
    Materials
    • Stone
    • Foundation: Block
    Condition
    • New construction: No
    • Year built: 1951

    Utilities & green energy

    • Electric: 100 Amp Service
    • Water: Municipal/City

    Community & neighborhood

    Security
    • Security features: Security Alarm Paid
    Location
    • Region: Indianapolis
    • Subdivision: Elders University Heights
    Services availability
    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

    $285,100

    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

    $285,100