Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5

$220,000

545 E 38th Street, Indianapolis IN, 46205

Price per sqftN/A
Built in1920
Property typeMulti-family
Courtesy of Carpenter, REALTORS®, Lisanne Allen Listing Contact:

Overview

Active

Listed Oct 14, 2026

Updated 7h ago

A property with a colorful past and plenty of potential for its next chapter! Once home to medical offices, a flower shop, a hair salon, and a pharmacy, this unique Indianapolis property is currently configured as a duplex and zoned D-8. The main-level apartment is virtually move-in ready, and features one bedroom with an en suite full bathroom, a separate office, living room, kitchen, and laundry room/half-bath combination. Improvements include new living room flooring, ceiling, bulkheads, and recessed LED lighting, newly constructed walls to enclose the primary bathroom and separate the office from the bedroom, an added office closet, a kitchen, and a half bath. Upstairs, the studio-style apartment offers a combined living and sleeping area, a full bathroom, a remodeled kitchen, and fresh paint throughout. The furnace got a new circuit board in 2026, and the gas water heater is new. Both units have rear entrances, with an additional front entrance serving the main level. A paved parking lot occupies the rear portion of the property, providing convenient off-street parking. While there's still work to be done, the improvements already completed offer a head start for the next owner. Bring your imagination, your toolbox, and your vision for the possibilities!

$1,464/mo

Est. mortgage payment based on a $220,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
22130802

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 4:11 AM UTC on 10/16/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2026 MIBOR Broker Listing Cooperative®. All rights reserved.

DMCA Notice

Powered by Luxury Presence