Indianapolis Homes with Apartment Basement

Indianapolis Homes with Apartment Basement

Welcome to Indianapolis, the vibrant heart of Indiana, where the charm of Midwestern hospitality meets the excitement of a bustling urban landscape. Known for its rich history, diverse culture, and thriving economy, Indianapolis offers an exceptional quality of life for its residents. Nestled in Marion County, this city is celebrated for its iconic landmarks, including the Indianapolis Motor Speedway and the picturesque White River State Park, making it a hub for both sports enthusiasts and nature lovers alike.

For those seeking a unique living experience, homes with apartment basements are a standout feature in Indianapolis. These versatile spaces not only provide additional living quarters but also serve as perfect retreats for guests, in-laws, or even as a rental opportunity for savvy homeowners. Imagine having a cozy, self-contained apartment just steps away from your main living area, complete with its own entrance, kitchen, and bathroom. This setup is ideal for multi-generational families or those looking to generate extra income in a city where demand for rental properties continues to rise.

Indy’s neighborhoods, from the historic charm of Fountain Square to the modern allure of Broad Ripple, offer a diverse array of homes with apartment basements. Whether you’re seeking a quaint bungalow or a contemporary townhouse, you’ll find properties that cater to your lifestyle. Embrace the opportunity to live in a city rich in culture and community, while enjoying the added benefits of a home that enhances your living experience. Explore Indianapolis today and discover your dream home with an apartment basement waiting just for you!

Newest Indianapolis Homes with Apartment Basement

3 Beds ⋅ 2 Baths

Incredible opportunistic investment property in the heart of Broad Ripple. This truly is an unbeatable location close to the Monon Trail and the areas finest amenities. This property is a zoned a single family residence (originally 3 bedrooms) with unfinished basement that has gone through major modifications to make it a 4-unit rental. Unit A located in the original main house consists of 3 bedrooms and 2 bathrooms. 1 bathroom is a converted closet. There is no closet in one of the bedrooms. There is no dedicated living space, just a kitchen area and some open space. Unit B (main and attic area) is 2 bedroom and 1 bath. There is a small bedroom on the main floor and stairs to an upper attic area that contains a second bedroom. There is also a kitchen area. Unit C (back of house) is a converted porch that contains an efficiency unit. Included is a living space, small kitchen, and bathroom. Unit D (basement) has a kitchen area and a bathroom. There is no egress but the unit has an area for a sleeping quarters. Property also has a large 2-car garage for tenant storage. Please read private remarks for more information.

5917 Carrollton Avenue, Indianapolis

Listing courtesy of Estansion Group by BLP.

4 Beds ⋅ 3 Baths

Welcome to this stunning 4-bedroom, 2.5-bath home offering nearly 4,000 sq. ft. of beautifully updated living space in one of Indy's premier locations! Step inside to find fresh paint throughout and brand-new, plush carpet in all the bedrooms, making this home completely move-in ready. The main level features an updated chef's kitchen designed for both daily life and entertaining, seamlessly flowing into bright, expansive living areas. Upstairs, the oversized primary suite serves as your own private retreat, complete with generous space to relax and unwind. Need extra room? The expansive finished basement offers endless flexibility-perfect for a home theater, gym, game room, or extra living area.

8546 Walden Trace Court, Indianapolis

Listing courtesy of eXp Realty, LLC.

Originally constructed in 1898 by local businessman Herman E. Martens, the building is a beautifully restored example of Classical Revival architecture, featuring unique pentagonal design elements, limestone detailing, and large bay windows. In the early 1990's the building was completely renovated and legally converted into 19 individual parcels. Martens HPR Unit #1 thru#19. The property was extensively renovated while preserving its historic character, offering residents a blend of vintage charm and modern convenience. The units have a combination of hardwood and vinyl flooring, new gourmet kitchens with stove, frig, microwave, dishwasher, disposal and granite/butcher block counters. Units have their own independent electric heat pumps for heating/cooling, electric water heater and 100-amp electric service. Today the building is operated as a 19-unit apartment house but could easily be converted to accommodate a multitude of investment opportunities. The building has nine-1 bedroom/one bathroom, one-1 bedroom/1.5 bathroom, eight- 2 bedroom/2 bathroom and one-2 bedroom/one bathroom. The buildings brick and limestone exterior, newer windows and updated electrical and plumbing keep maintenance cost low. Over the past few years, a new Firestone rubber membrane roof and two new Velux skylights have been installed. Situated near the intersection of Senate Avenue and Indiana Avenue, The Martens provides easy access to downtown Indianapolis attractions, cultural venues, restaurants, entertainment districts, and major employment centers. The building's central location within the Indianapolis Mile Square offer's easy access to both IU and Purdue's Indianapolis campuses (2 blocks to the west), Kroger's Grocery (1 block to the north), the Capitol Building (1 block to the south) and Lucas Oil Stadium (4 blocks to the south) The Martens offers a unique residential experience for those seeking historic character, a walkable downtown lifestyle in Indianapolis.

315 N Senate Avenue, Indianapolis

Listing courtesy of Kumler Realty.

4 Beds ⋅ 4 Baths

Crafted by Mad River Homes, one of Indianapolis' respected renovation and building specialists, this north-side Downtown property blends quality, flexibility, and investment potential in a highly desirable location. Walk through the spacious front porch to arrive into the expansive foyer; where the whole home invites you in. The upstairs hosts the bedrooms and laundry, while the main level serves a perfect home for entertainment, formal dining, and preparing meals. Designed for versatility, this home features a layout that allows the upstairs and basement to be fully separated, creating an opportunity for an ADU or in-law suite. This configuration is ideal for a house-hack strategy, multi-generational living, or generating income from two distinct spaces. As an Airbnb, the upper unit could produce up to $3,500 per month and the lower unit up to $2,000. As a long-term rental, projected rents are approximately $2,000 upstairs and $1,000 downstairs. Mad River Homes also offers customization options tailored to your needs, including adding a garage. Perfect for entertaining, income generation, or providing separate living quarters; this property also qualifies for grant programs offering 0% down, no PMI, and a $5,000 credit toward closing costs. Just minutes from Butler University, Broad Ripple, Mass Ave, the Indianapolis Children's Museum, Eskenazi Hospital, Methodist Hospital, and IU Indianapolis, it offers immediate access to major educational, medical, and cultural anchors. Book your showing today and we look forward to calling this home yours!

3114 N Capitol, Indianapolis

Listing courtesy of FULL CANOPY REAL ESTATE, LLC.

4 Beds ⋅ 4 Baths

Fabulous home in sought after Echo Pointe with unique custom features, walkout basement & lots of natural light! Main floor boasts 2 story entry, formal dining room and a great room w/cathedral ceiling & soaring brick fireplace. Large first floor den has the potential for added family living space, home office or music room. The formal dining room has direct access to the large kitchen complete with concrete countertops and floors, loads of storage & open breakfast nook looking out through bay window on nearly half acre private lot. The upstairs has 4 large bedrooms. 4th bedroom boasts cathedral ceilings, lots of natural light and has plenty of space for the addition of a wardrobe to account for lack of closet. Primary suite has a custom walk-in shower, double sink vanity, walk-in closet with Elfa Organization System & separate sitting room w/gas fireplace. Downstairs enjoy the walkout basement previously used as an apartment and in-law suite with full kitchen, family room, full bath, loads of storage plus an extra room which could be used as a bedroom or exercise room. The expansive upper back deck looks out on a private, woodsey backyard and promises lots of outdoor entertaining and bird watching! The neighborhood is very walkable for an evening stroll or morning run. Close to dining, shopping and award winning schools.

11126 Echo Grove Lane, Indianapolis

Listing courtesy of F.C. Tucker Company.

4 Beds ⋅ 5 Baths

Discover unparalleled modern living at 1448 Lexington AVE, Indianapolis, IN, USA. This single family residence, constructed in 2026, spans 2240 square feet and represents the pinnacle of contemporary design and comfort. This home is designed with an in-laws quarters in the basement and a carriage home above the garage. With four generously sized bedrooms, this home offers ample private retreats for family and guests. The four full bathrooms provide convenience and luxury, ensuring personal space for all, complemented by an additional half bathroom for everyday functionality. Spread across two stories, this property offers a thoughtful layout designed for seamless living and entertaining. The expansive 3746 square foot lot provides a private outdoor sanctuary, perfect for relaxation or gatherings. This is more than a home; it's a foundation for your future. Inquire today to schedule your private viewing.

1448 Lexington Avenue, Indianapolis

Listing courtesy of Highgarden Real Estate.

4 Beds ⋅ 3 Baths

HISTORIC CHARM + FINISHED GUEST SUITE + INCREDIBLE LOCATION Rarely does a property offer this much flexibility, character, and timeless appeal. This beautifully preserved historic home combines original craftsmanship with versatile living spaces, making it an exceptional opportunity just minutes from downtown Indianapolis. Step inside and discover the details that make historic homes so special. Gorgeous hardwood floors, leaded glass windows, rich original woodwork, and inviting living spaces create warmth and character throughout. The main level offers multiple gathering areas, including a formal dining room perfect for entertaining, while the upper level features four spacious bedrooms filled with abundant natural light. What truly sets this home apart is the fully finished lower-level guest suite. Complete with its own kitchen area, living space, bedroom, full bath, and separate laundry facilities, this flexible space is ideal for extended family, visiting guests, multi-generational living, a private home office, creative studio, or recreation area. Outside, mature trees and a detached oversized garage complement the home's inviting outdoor spaces, creating a peaceful setting while remaining close to everything the city has to offer. Enjoy easy access to downtown Indianapolis, Fountain Square, local restaurants, entertainment, parks, and the exciting redevelopment that continues to make this area one of the city's most desirable neighborhoods. A beautiful historic home. A versatile finished guest suite. Endless possibilities for the way you live, work, and entertain. Schedule your private showing today and experience the character and flexibility that make 1622 English Avenue truly one of a kind.

1622 English Avenue, Indianapolis

Listing courtesy of No Limit Real Estate, LLC.

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