$169,250

beds

baths

1,952

square ft

243 Iowa Street

Indianapolis, Indiana 46225

Closed / MLS #22050699 / Single Family / Bates-Hendricks

Listing information updated 9/10/2025 at 6:46am

Investor special in Bates Hendricks! Welcome to 243 Iowa St, a prime opportunity to finish what's been started and reap the rewards. This 3-bedroom, 2-bath, two-story home offers nearly 2,000 sq ft of finished living space and sits on a spacious, flat .10-acre lot with a brand-new 1-car detached garage. Much of the heavy lifting has already been done-demo, design, framing, drywall, rough plumbing and electrical, new windows, and flooring are in place. Now it's ready for your finishing touches. Designed with an investor in mind, this home features a desirable layout with a main-level primary suite, complete with an en-suite bath and sliding glass doors that open to the backyard. Upstairs, you'll find two additional bedrooms, a full bath, and a versatile loft space. Located in the heart of Bates Hendricks-one of Indy's hottest revitalized neighborhoods-this property is surrounded by stunning new builds and high-end renovations. Homes on this very street are being transformed, and the ARV potential here is strong, with comps suggesting values of $350K+ when finished. Just minutes to downtown, this location is ideal for short, mid, or long-term rental strategies-or rehab and flip it for a great return. Property is sold as-is and will require cash or hard money financing. Don't miss your chance to be part of the continued transformation of one of Indianapolis' most dynamic neighborhoods. NOTE - THE TWO VACANT LOTS NEXT DOOR ARE NOT INCLUDED IN THE SALE!!

Full Features

Architecture Style:

Traditional

Exterior Type:

Wood Siding

Basement:

Cellar

Beds Above Grade:

Cooling System:

None

Heating System:

Other

Appliances:

None

Main Level Primary Bedroom:

Yes

Pool:

Age:

130 Years

Parking Spaces:

Garage:

Garage - 1 Car(s)

Room Count:

Water Front:

Square Feet:

1,952

Lot Size:

0.1 Acres

Acreage:

0.1

Internal Features:

High Ceilings

External Features:

Patio/Porch

Room Information

Living Room:

20x15 - Main

Kitchen:

15x15 - Main

Primary Bedroom:

12x15 - Main

2nd Bedroom:

10x14 - Upper

3rd Bedroom:

12x10 - Upper

Laundry:

10x10 - Main

Loft:

12x14 - Upper

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2024

Location

Zip Code:

46225

City:

Indianapolis

County:

Marion

Schools

School District(s):

Indianapolis Public Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Architecture Style:

Traditional

Exterior Type:

Wood Siding

Basement:

Cellar

Beds Above Grade:

Cooling System:

None

Heating System:

Other

Appliances:

None

Main Level Primary Bedroom:

Yes

Pool:

Age:

130 Years

Parking Spaces:

Garage:

Garage - 1 Car(s)

Room Count:

Water Front:

Square Feet:

1,952

Lot Size:

0.1 Acres

Acreage:

0.1

Internal Features:

High Ceilings

External Features:

Patio/Porch

Living Room:

20x15 - Main

Kitchen:

15x15 - Main

Primary Bedroom:

12x15 - Main

2nd Bedroom:

10x14 - Upper

3rd Bedroom:

12x10 - Upper

Laundry:

10x10 - Main

Loft:

12x14 - Upper

Tax Amount:

N/A

Tax Year:

2024

Zip Code:

46225

City:

Indianapolis

County:

Marion

School District(s):

Indianapolis Public Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Keller Williams Indpls Metro N

Listing Office Phone: 317.846.6300

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/10/2025 at 6:46am. 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.