$175,000

beds

bath

half bath

2,478

square ft

1432 Lexington Avenue

Indianapolis, Indiana 46203

Closed / MLS #22090443 / Single Family / Fountain Square - Indianapolis

Listing information updated 4/13/2026 at 11:46am

What we have here is an EXCELLENT opportunity for someone with vision (and cash) to reinvent a gem in the heart of Fountain Square! Located on one of the most lovely streets in the neighborhood, this turn-of-the-century gal is ready for her transformation. She's been a rental for a long, long time; and no one has ever really considered the potential she has to become a spacious, modern beauty. With some floor plan alterations, she can be a magnificent 3BR/2BA home with a primary suite on the main floor and a gracious open floor plan for entertaining and daily living. Her detached garage & workshop frames the backyard ripe for a courtyard patio (think string lights & potted plants & a grill simmering nearby on a lovely summer evening), and the two enclosed porches at front & rear offer opportunities for incremental living spaces, such as an office, library, breakfast room or whatever you need. Bring your vision & your hardhat, and let's see what you can do to unearth the potential that will make her shine. An anticipated resale value between $325,000-350,000! ** ALL OFFERS DUE BY NOON 3/23/2026 **

Full Features

Architecture Style:

Traditional

Exterior Type:

Aluminum Siding

Basement:

Cellar,Unfinished

Beds Above Grade:

Cooling System:

None, Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Dishwasher, Dryer, Electric Oven, Refrigerator, Washer

Main Level Primary Bedroom:

Yes

Pool:

Age:

126 Years

Parking Spaces:

Garage:

Garage - 1 Car(s)

Room Count:

Water Front:

Square Feet:

2,478

Lot Size:

0.09 Acres

Acreage:

0.09

Internal Features:

Cathedral Ceiling(s), Hi-Speed Internet Availbl

External Features:

Patio/Porch

Room Information

Living Room:

16x12 - Main

Dining Room:

12x12 - Main

Kitchen:

16x10 - Main

Primary Bedroom:

16x16 - Main

2nd Bedroom:

14x14 - Upper

Laundry:

12x8 - Main

Loft:

14x14 - Upper

Sun Room:

16x7 - Main

Bonus Room:

23x12 - 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:

Traditional

Exterior Type:

Aluminum Siding

Basement:

Cellar,Unfinished

Beds Above Grade:

Cooling System:

None, Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Dishwasher, Dryer, Electric Oven, Refrigerator, Washer

Main Level Primary Bedroom:

Yes

Pool:

Age:

126 Years

Parking Spaces:

Garage:

Garage - 1 Car(s)

Room Count:

Water Front:

Square Feet:

2,478

Lot Size:

0.09 Acres

Acreage:

0.09

Internal Features:

Cathedral Ceiling(s), Hi-Speed Internet Availbl

External Features:

Patio/Porch

Living Room:

16x12 - Main

Dining Room:

12x12 - Main

Kitchen:

16x10 - Main

Primary Bedroom:

16x16 - Main

2nd Bedroom:

14x14 - Upper

Laundry:

12x8 - Main

Loft:

14x14 - Upper

Sun Room:

16x7 - Main

Bonus Room:

23x12 - 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: Carpenter, REALTORS

Listing Office Phone: 317.873.5554

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 4/13/2026 at 11:46am. 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.