$299,500

beds

baths

1,891

square ft

243 Iowa Street

Indianapolis, Indiana 46225

New / MLS #22118595 / Single Family / Bates-Hendricks

Listing information updated 8/11/2026 at 5:26pm

OPPORTUNITY ALERT!! Fully renovated from the studs up and move-in ready in the heart of desirable Bates-Hendricks! This impressive 3BR/2BA, 1,763 sq ft two-story home was completely rebuilt over the past year and sits on a street experiencing tremendous redevelopment, with numerous new builds-including several next door and directly across the street. Inside, the open-concept main level features high ceilings, LVP flooring, and a stylish kitchen with dark cabinetry, white quartz countertops, tiled backsplash, and center island. The main-level primary suite offers an updated ensuite bath and sliding glass door leading directly to the covered rear patio, while a separate laundry room adds convenience. Both bathrooms are beautifully finished with oversized tiled showers and striking black and gold hardware. Upstairs are two additional bedrooms plus a versatile open loft/flex space. Outside, enjoy a covered front porch, flat cleared lot, covered rear patio, and brand-new 1-car garage. For investors, Bates-Hendricks supports virtually every strategy, and this property is well suited for either long- or short-term rental use, with its size and layout offering particularly strong STR potential. With the extensive renovation already complete and virtually everything new, ownership should also benefit from substantially reduced near-term CapEx, maintenance, and repair exposure. Minutes from Fountain Square, Fletcher Place, and downtown Indy, this is an outstanding turnkey opportunity for either an owner-occupant or investor!

Full Features

Architecture Style:

Traditional

Exterior Type:

Vinyl With Brick

Basement:

Cellar

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air

Appliances:

Dishwasher, Disposal, MicroHood, Electric Oven, Refrigerator

Main Level Primary Bedroom:

Yes

Pool:

Age:

131 Years

Parking Spaces:

Garage:

Garage - 1 Car(s)

Room Count:

Water Front:

Square Feet:

1,891

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:

2025

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:

Vinyl With Brick

Basement:

Cellar

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air

Appliances:

Dishwasher, Disposal, MicroHood, Electric Oven, Refrigerator

Main Level Primary Bedroom:

Yes

Pool:

Age:

131 Years

Parking Spaces:

Garage:

Garage - 1 Car(s)

Room Count:

Water Front:

Square Feet:

1,891

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:

2025

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 8/11/2026 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.