$220,000

beds

baths

2,388

square ft

1531 N Downey Avenue

Indianapolis, Indiana 46219

New / MLS #22118137 / Single Family / Eastside - Indianapolis

Listing information updated 8/11/2026 at 4:46pm

Priced to sell! Welcome to 1531 N Downey Ave, a solid all-brick home offering an exceptional opportunity to build equity in one of Indianapolis' growing east-side neighborhoods. Conveniently located just minutes from Community Hospital East, Irvington, shopping, dining, and commuter routes, this home is ideal for buyers looking for space, value, and long-term potential. This 4-bedroom, 2-bathroom home also features an additional bedroom in the basement, providing flexibility for a growing family, home office, guest suite, or rental opportunity. The main level offers a spacious living room with a wood-burning fireplace, while the kitchen is equipped with granite countertops, stainless steel appliances, a wine cooler, and an included washer and dryer. Downstairs, the partially finished basement adds substantial square footage and includes a full bathroom, offering incredible potential to expand the finished living space and further increase the home's value. Whether you're an owner-occupant looking to personalize your next home or an investor seeking a value-add opportunity, this property offers multiple paths to success. With great bones, a desirable brick exterior, and room to add your own finishing touches, 1531 N Downey Ave is your chance to walk into significant equity at an attractive price. Don't miss this opportunity to unlock this home's full potential.

Full Features

Architecture Style:

Traditional

Exterior Type:

Brick,Stone

Basement:

Finished Walls,Partially Finished

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Dishwasher, Microwave, Electric Oven, Refrigerator, Gas Water Heater

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

71 Years

Parking Spaces:

Garage:

Garage - 2 Car(s)

Room Count:

Square Feet:

2,388

Lot Size:

0.16 Acres

Acreage:

0.16

Internal Features:

Attic Access, Built-in Features, Paddle Fan

Room Information

Kitchen:

11x18 - Main

Family Room:

25x11 - Basement

Primary Bedroom:

13x08 - Main

2nd Bedroom:

11x12 - Main

3rd Bedroom:

10x10 - Main

4th Bedroom:

12 x 15 - Basement

Utility Room:

13x13 - Basement

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2025

Location

Zip Code:

46219

City:

Indianapolis

County:

Marion

Schools

School District(s):

MSD Warren Township

Elementary School:

Brookview Elementary School

Middle School:

N/A

High School:

Warren Central High School

Architecture Style:

Traditional

Exterior Type:

Brick,Stone

Basement:

Finished Walls,Partially Finished

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Dishwasher, Microwave, Electric Oven, Refrigerator, Gas Water Heater

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

71 Years

Parking Spaces:

Garage:

Garage - 2 Car(s)

Room Count:

Square Feet:

2,388

Lot Size:

0.16 Acres

Acreage:

0.16

Internal Features:

Attic Access, Built-in Features, Paddle Fan

Kitchen:

11x18 - Main

Family Room:

25x11 - Basement

Primary Bedroom:

13x08 - Main

2nd Bedroom:

11x12 - Main

3rd Bedroom:

10x10 - Main

4th Bedroom:

12 x 15 - Basement

Utility Room:

13x13 - Basement

Tax Amount:

N/A

Tax Year:

2025

Zip Code:

46219

City:

Indianapolis

County:

Marion

School District(s):

MSD Warren Township

Elementary School:

Brookview Elementary School

Middle School:

N/A

High School:

Warren Central High School

Listing Office: @properties

Listing Office Phone: 563.449.2284

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 8/11/2026 at 4:46pm. 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.