$899,000

beds

baths

2,719

square ft

545 Fletcher Avenue

Indianapolis, Indiana 46203

Active / MLS #22079306 / Single Family / Fletcher Place

Listing information updated 5/12/2026 at 5:26pm

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.

Full Features

Architecture Style:

Traditional

Exterior Type:

Wood Siding

Basement:

Unfinished

Beds Above Grade:

Cooling System:

Other

Heating System:

Forced Air, Natural Gas

Appliances:

Gas Oven, Gas Water Heater

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

126 Years

Parking Spaces:

Garage:

Garage - 2 Car(s)

Room Count:

Square Feet:

2,719

Lot Size:

0.12 Acres

Acreage:

0.12

Internal Features:

High Ceilings, Hardwood Floors, Wood Work Stained, Entrance Foyer

External Features:

Patio/Porch

Room Information

Living Room:

15x15 - Main

Dining Room:

15x15 - Main

Kitchen:

14x14 - Main

Family Room:

16x14 - Main

Primary Bedroom:

16x15 - Upper

2nd Bedroom:

16x15 - Upper

3rd Bedroom:

13x12 - Upper

4th Bedroom:

14x13 - Main

Loft:

10x07 - Upper

Bonus Room:

12x10 - Upper

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2025

Location

Zip Code:

46203

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:

Unfinished

Beds Above Grade:

Cooling System:

Other

Heating System:

Forced Air, Natural Gas

Appliances:

Gas Oven, Gas Water Heater

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

126 Years

Parking Spaces:

Garage:

Garage - 2 Car(s)

Room Count:

Square Feet:

2,719

Lot Size:

0.12 Acres

Acreage:

0.12

Internal Features:

High Ceilings, Hardwood Floors, Wood Work Stained, Entrance Foyer

External Features:

Patio/Porch

Living Room:

15x15 - Main

Dining Room:

15x15 - Main

Kitchen:

14x14 - Main

Family Room:

16x14 - Main

Primary Bedroom:

16x15 - Upper

2nd Bedroom:

16x15 - Upper

3rd Bedroom:

13x12 - Upper

4th Bedroom:

14x13 - Main

Loft:

10x07 - Upper

Bonus Room:

12x10 - Upper

Tax Amount:

N/A

Tax Year:

2025

Zip Code:

46203

City:

Indianapolis

County:

Marion

School District(s):

Indianapolis Public Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Ever Real Estate, LLC

Listing Office Phone: 317.513.2775

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 5/12/2026 at 5:26pm. 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.