$450,000

beds

baths

2,640

square ft

1406 Fletcher Avenue

Indianapolis, Indiana 46203

New / MLS #22084080 / Single Family / Fountain Square - Indianapolis

Listing information updated 2/15/2026 at 4:26pm

Classic character. Modern income. Prime location. Welcome to the charm of the past blended seamlessly with the future in one of Indy's most sought-after downtown neighborhoods, Fountain Square. This 2-bedroom home showcases rich hardwood floors throughout, a gourmet-style kitchen built for gathering, and a stunning original fireplace wrapped in intricate tile work that gives the space warmth and personality. Solid wood trim and classic windows highlight the craftsmanship and detail that make historic homes in this area so desirable. Out back, the opportunity gets even better: a detached carriage home ADU built in 2024 that's already generating $1,500 per month in rental income. Whether you're offsetting your mortgage, building long-term wealth, or creating a flexible living setup, this property delivers built-in income from day one. Historic charm in the front. Modern cash flow in the back. In a location that continues to appreciate and attract. This is the kind of property that works for you.

Full Features

Architecture Style:

Craftsman

Exterior Type:

Aluminum Siding,Wood Siding,Brick

Basement:

Interior Entry

Beds Above Grade:

Cooling System:

Central Air, Window Unit(s), Wall Unit(s)

Heating System:

Forced Air

Appliances:

Gas Cooktop, Dishwasher, Electric Water Heater, Disposal, Gas Oven, Refrigerator, Microwave, Water Heater, Washer, Dryer

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

81 Years

Parking Spaces:

Garage:

Garage - 2 Car(s)

Room Count:

Square Feet:

2,640

Lot Size:

0.09 Acres

Acreage:

0.09

Internal Features:

High Ceilings, Kitchen Island, Hardwood Floors, Ceiling Vaulted, Walk-In Closet(s)

External Features:

Carriage/Guest House

Room Information

Living Room:

16x14 - Main

Dining Room:

14x12 - Main

Kitchen:

16x14 - Main

Primary Bedroom:

14x12 - Main

2nd Bedroom:

12x12 - Main

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2024

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:

Craftsman

Exterior Type:

Aluminum Siding,Wood Siding,Brick

Basement:

Interior Entry

Beds Above Grade:

Cooling System:

Central Air, Window Unit(s), Wall Unit(s)

Heating System:

Forced Air

Appliances:

Gas Cooktop, Dishwasher, Electric Water Heater, Disposal, Gas Oven, Refrigerator, Microwave, Water Heater, Washer, Dryer

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

81 Years

Parking Spaces:

Garage:

Garage - 2 Car(s)

Room Count:

Square Feet:

2,640

Lot Size:

0.09 Acres

Acreage:

0.09

Internal Features:

High Ceilings, Kitchen Island, Hardwood Floors, Ceiling Vaulted, Walk-In Closet(s)

External Features:

Carriage/Guest House

Living Room:

16x14 - Main

Dining Room:

14x12 - Main

Kitchen:

16x14 - Main

Primary Bedroom:

14x12 - Main

2nd Bedroom:

12x12 - Main

Tax Amount:

N/A

Tax Year:

2024

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: Highgarden Real Estate

Listing Office Phone: 317.205.4320

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 2/15/2026 at 4:26pm. 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.