Indianapolis Homes with Cellar Basement

Indianapolis Homes with Cellar Basement

Welcome to Indianapolis, the vibrant heart of Indiana, where rich history meets modern living! Nestled in Marion County, this dynamic city is known for its friendly atmosphere, diverse culture, and flourishing economy. Indianapolis is not just the crossroads of America; it’s a hub of opportunity, innovation, and community spirit.

One of the unique features of homes in this area is the presence of cellar basements. These charming architectural elements add character to many properties, offering ample storage space or the perfect canvas for a cozy retreat. Imagine transforming your cellar into a game room, wine cellar, or a home gym—endless possibilities await!

Indianapolis boasts a variety of neighborhoods, each with its own distinct flavor. Whether you’re drawn to the historic charm of Fountain Square, the vibrant arts scene in Broad Ripple, or the family-friendly atmosphere of Carmel, there’s a perfect home waiting for you. The city is also home to numerous parks, top-notch schools, and a thriving culinary scene, making it an ideal place for families and young professionals alike.

As you explore the real estate options in Indianapolis, consider the advantages of homes with cellar basements. These spaces not only enhance the functionality of your home but also provide a unique opportunity for customization and personalization.

With its affordable housing market and a wealth of amenities, Indianapolis is more than just a place to live—it’s a place to thrive. Come discover your dream home in this remarkable city, where every street tells a story and every cellar holds potential!

Newest Indianapolis Homes with Cellar Basement

3 Beds ⋅ 2 Baths

Welcome to 3441 N Graceland DR N, INDIANAPOLIS, IN, USA, a charming single-family residence built in 1920, but completely remodeled in 2015. The home is located in a prime area with easy access to hospitals, highway 65 N/S, the famous Indiana Children's Museum, Fairgrounds and Downtown, etc.. With 1010 square feet of inviting living space, this home is ready for you to move in and begin your next chapter. This home has two bathrooms with one located in the master bedroom. The welcoming front porch offers a perfect spot for morning coffee or evening relaxation, extending your living space outdoors. Beyond the interiors, the generous 5401 square foot lot provides ample room for outdoor enjoyment and a nice garage for your car. A privacy fence makes this a great place to gather around the fire pit on cool evenings, creating lasting memories with loved ones. Discover the effortless blend of comfort and character this delightful three-bedroom home offers by scheduling your private viewing today.

3441 N Graceland Drive N, Indianapolis

Listing courtesy of Capital T Realty.

2 Beds ⋅ 2 Baths

Welcome home to 1124 Evison Street - a quiet, tucked-away block in the heart of Fountain Square, one of Indianapolis' most sought-after neighborhoods. This 2-bedroom, 2 bath home has been genuinely cared for, and it shows. New roof, new water heater, and meticulous upkeep throughout mean nothing is waiting for you but the fun part. It's an easy home to own, too simple to maintain and easy to lock behind you when you travel. The closed-in covered patio/sunroom may become your favorite room: morning coffee, rainy afternoons, dinner with friends, all year long. Just beyond it, the fully fenced backyard offers complete privacy your own quiet retreat in the middle of the city, And the rare 4-car garage is pure opportunity premium parking, a workshop, a studio, or the potential to convert into an accessory dwelling unit for guests, extended family, or rental income. Buyer to verify zoning and permitting with the City of Indianapolis DMD. Step outside and everything is walkable. Morning walks on the Pleasant Run trail, coffee and brunch on Virginia Avenue, shops, galleries, and live music throughout the Fountain Square Cultural District. Garfield Park and its conservatory gardens are minutes away, downtown is under two miles, and quick I-65/I-70 access puts the rest of the city within easy reach. Warm, well kept, and hard to replicate. Come see it we think you'll want to stay.

1124 Evison Street, Indianapolis

Listing courtesy of RE/MAX Advanced Realty.

3 Beds ⋅ 2 Baths

CALLING ALL FLIPPERS! $250K ARV! SOLID MECHANICALS! Check out this incredible as-is opportunity on the near south side - just blocks from Garfield Park and under a mile from the restaurants, coffee shops, and nightlife of Fountain Square, including HI-FI Indy, Helm Coffee, and Bovaconti Coffee! This 3-bedroom, 2-bathroom home is a prior renovation that was started but never completed, giving the next owner a head start and a clear path to finish the home to their own taste, budget, and exit strategy. A recent trash-out and fresh landscaping have the property clean and easy to walk. Priced well below the neighborhood's renovated comps at $179,900, the numbers leave real room for a rehabber, house hacker, or sweat-equity buyer to build value fast in one of Indy's fastest-appreciating pockets. Sold strictly as-is - seller will make no repairs. Enjoy Ringgold Park just 0.4 miles away, Garfield Park's 136 acres, pools, and conservatory 0.6 miles away, and quick access to downtown Indianapolis. Opportunities at this price point in this location don't last - bring your vision and schedule your showing today!

1849 Applegate Street, Indianapolis

Listing courtesy of @properties.

3 Beds ⋅ 2 Baths

Situated in a rapidly revitalizing pocket on Indianapolis's near southeast side-nestled right between bustling Fountain Square and the booming Near Eastside-314 S Randolph Street offers an incredible turnkey opportunity for both savvy investors and owner-occupants. Less than ten minutes from Downtown, this location sits directly in the path of progress, surrounded by new builds and fresh remodels. Taken down to the studs a few years ago, this 1.5-story, 1,736 sq ft home features a soaring, open floorplan with high ceilings, recessed lighting, updated laminate flooring, and a freshly painted interior that makes it completely move-in or rent-ready. The contemporary eat-in kitchen shines with modern white shaker cabinets, two-tone granite countertops, custom tile backsplash, stainless steel appliances, and a large island with a breakfast bar. The main level hosts two comfortable bedrooms, a full bath, and a dedicated laundry room, while the private upper-level primary suite boasts a tastefully updated full bath and walk-in closet. Outside, the flat 0.10-acre lot features fully fenced front and back yards plus a handy storage shed. For owner-occupants, it delivers a stylish, low-maintenance home near the city's best dining, breweries, and cultural hotspots. For investors, it represents a hassle-free, high-demand rental asset poised for strong cash flow and exceptional long-term appreciation in a high-growth urban corridor.

314 S Randolph Street, Indianapolis

Listing courtesy of Keller Williams Indpls Metro N.

2 Beds ⋅ 1 Baths

Vintage Character. Modern Comfort. Space to Grow. Welcome home to this charming 1940 brick cottage where timeless craftsmanship meets thoughtful updates. Nestled on nearly 1/2 acre, this beautifully maintained home offers the warmth and character today's buyers love, along with the space and flexibility to fit modern lifestyles. Inside, you'll immediately notice the original hardwood floors, classic arched doorways, built-in bookshelves, and cozy gas-log fireplace that showcase the home's enduring character. The kitchen features a stylish tile backsplash and modern range hood, while the renovated bathroom blends contemporary finishes with the home's vintage appeal. The main level offers two generously sized bedrooms and a full bath, providing convenient one-level living. The home also has a convenient side entrance. Downstairs, the possibilities continue. Two finished basement rooms offer versatile space for a family room, home office, home gym, playroom, or hobby area, while the remaining basement provides abundant storage. A charming original laundry chute serves as a reminder of the home's thoughtful design. Step outside to your own private retreat. The partially fenced .42-acre yard offers plenty of room for entertaining, gardening, pets, or simply relaxing beneath the mature trees. A chicken coop adds a unique touch for buyers dreaming of a small homestead lifestyle without giving up the convenience of city living. The home also has a detached 2-car garage. Adding even more value, the home is served by a private well, eliminating a monthly water bill, and includes a whole-home water purification system for clean, filtered water throughout the home. If you've been searching for a home with authentic character, quality construction, modern updates, and room to grow, this one is truly something special.

6750 S Meridian Street, Indianapolis

Listing courtesy of eXp Realty, LLC.

4 Beds ⋅ 3 Baths

Welcome to 5670 W Mooresville Rd, a fully renovated tri-level home in Indianapolis's Valley Mills neighborhood. Thoughtfully updated from top to bottom, this home is ready for a family to move in and settle down without lifting a finger. Step through the back side door and you're greeted by a dedicated mudroom; the perfect drop zone for shoes, backpacks, and coats before they make their way into the rest of the house. It's a small space that solves a daily headache. Inside, brand-new LVP flooring runs throughout, paired with fresh paint and a stylish kitchen with beautiful hardwood cabinets. Both bathrooms have been completely renovated, and a BRAND NEW ROOF (2025) means nothing to worry about overhead. The oversized, two-car detached garage adds serious storage and workspace, while the large, newly fenced backyard gives you room to relax or entertain. NO HOA means peace of mind when making the place your own. The oversized lot leaves room for endless opportunities whether its subdividing the lot to downsize or adding a in-laws quarters for your loved ones. Set in Decatur Township with quick access to I-465, I-70, and I-65, you're minutes from downtown Indianapolis, Southwestway Park, and Winding River Golf Course. This is a move-in-ready home with a layout that works. Come see it for yourself!

5670 W Mooresville Road, Indianapolis

Listing courtesy of Real Broker, LLC.

Turnkey income duplex in the heart of the Monon 16 corridor! This 1910 two-story duplex offers two units, each with 2 bedrooms and 1 bathroom, for a total of 4 bedrooms and 2 bathrooms across 1,036 sq ft. Both units are currently occupied with leases in place through 2027, delivering combined monthly rental income of $2,550, a stabilized cash-flowing asset from day one. Unit 1622 features updated kitchen and bathroom flooring, and both units have been freshly painted. In-unit laundry is available on each side. The property sits on a 5,619 sq ft lot with a chain-link fenced yard and on-street parking. Forced-air gas heat and central electric AC keep both units comfortable year-round. Block foundation, brick and wood construction. Location is a major draw: Short distances from the Monon Trail, local restaurants, co-working spaces, schools, and Frank and Judy O'Bannon Old Northside Soccer Park. Great opportunity for an investor to add a stabilized, occupied asset with long-term leases already secured. Schedule showings with advance notice due to current occupancy.

1622 Yandes Street, Indianapolis

Listing courtesy of Resolute Realty.

3 Beds ⋅ 2 Baths

Presenting an exceptional opportunity to own this beautiful historic home built in 1910. Sophisticated living space offers a unique blend of historic charm and modern touches. Airy entry welcomes you into the great room and dining room with cozy stone fireplace, 9ft ceilings, and large windows to let in the sunlight! Updated kitchen features white cabinets, quartz countertops, and the perfect tile backslpash and leads to the spacious screened in porch with vaulted ceiling to enjoy your morning coffee, read a book, or entertain guests! Also provides access to the fenced back yard and two car garage. Upstairs you will find a small loft area/reading nook, two well-proportioned bedrooms providing private accommodations. Complementing these are one full bathroom and one half bathroom, thoughtfully integrated to serve the household's needs. On the third level is a unique third bedroom, office, or lounge space. This well maintained home had a new furnace in 2026 with warranties. New Dishwasher in 2025. New shower installed, duct sealing, and iWave installed in 2023. New roof in 2022 with 30 year shingles with a 10 year labor warranty, Mini-split on third level to keep it cool, and attic spray insulation. Humidifier installed in 2021. List attached with disclosures.

2417 N Pennsylvania Street, Indianapolis

Listing courtesy of Carpenter, REALTORS®.

5 Beds ⋅ 6 Baths

Welcome to 214 E St Joseph St, an 1880 Italianate estate in the historic St. Joseph neighborhood. This 5,760 sq ft masterpiece features 5 beds, 5.5 baths, original woodwork, crown molding, and a grand staircase. Enjoy an updated chef's kitchen, a hidden bookcase door, and a luxurious primary suite. The semi-finished basement boasts a full bath and a private speakeasy/wine cellar. Outside, a rare downtown oasis awaits with an in-ground pool and a hot tub. Unmatched urban convenience-convenient to Mass Ave dining, transit, and boutique shops. This is without a doubt a must see!

214 E Saint Joseph Street, Indianapolis

Listing courtesy of Redfin Corporation.

4 Beds ⋅ 1 Baths

Welcome to this charming property nestled in the historic and vibrant Old South Side of Indianapolis. This fully furnished, turnkey Airbnb comes with all current furniture and bookings, offering a seamless opportunity for an investor or someone seeking a stylish, income-generating property. Step inside and you'll be greeted by the timeless beauty of original hardwood floors in the bedrooms, adding warmth and character to the space. The home features a cozy layout with ample natural light and modern updates, creating the perfect balance of old-world charm and contemporary living. Enjoy outdoor living on the covered back patio, ideal for relaxation or entertaining guests. The property is fully fenced, providing privacy and security, making it a perfect place for both short-term and long-term guests. This location is a true gem, just 2 miles from Monument Circle, the heart of downtown Indianapolis, and from the lively Fountain Square area. You'll also be in the historic Bates-Hendricks neighborhood, known for its rich history and eclectic charm. A highlight of this property is its proximity to two homes featured on HGTV's Good Bones (2 Chicks and a Hammer), which aired in July 2021. With this unique connection to a popular show, the property offers both style and recognition. Whether you're looking for a prime investment property or a place to call home, 1614 S Talbott St is a must-see. Don't miss out on this incredible opportunity in one of Indianapolis' most desirable areas!

1614 S Talbott Street, Indianapolis

Listing courtesy of RE/MAX Real Estate Prof.

3 Beds ⋅ 2 Baths

Welcome home to this beautifully remodeled 3-bedroom, 2-full-bath, two-story home that is completely move-in ready! Thoughtfully updated from top to bottom, this home combines modern finishes with a functional layout designed for comfortable living. The spacious floor plan features three bedrooms with two ensuite bathrooms, offering added privacy and flexibility for homeowners, guests, or multi-generational living. Upstairs, you'll find a versatile bonus room that's perfect as a home office, playroom, media room, or additional living space. The second floor also features a walk-in attic with an ample amount of storage space, providing a convenient solution for seasonal items, hobbies, or keeping your home organized. Ideally located just minutes from downtown and within close proximity to Fountain Square, you'll enjoy easy access to some of the city's best restaurants, entertainment, shopping, and nightlife while still having the comfort of a quiet residential setting. Whether you're a first-time buyer or looking for your next home, this beautifully updated property checks all the boxes. Don't miss your opportunity to own this turnkey home in an unbeatable location-schedule your showing today!

1033 S Randolph Street, Indianapolis

Listing courtesy of Keller Williams Indy Metro Partners.

2 Beds ⋅ 1 Baths

If architectural style is your JIVE, historic character makes your heart FLUTTER & Fountain Square is your TARGET, look no further than this darling 2-bedroom "Working Man's Victorian" in the heart of Indy's urban euphoria on Fletcher Avenue. Circa 1880, with soaring cathedral ceilings, floor-to-ceiling built-in shelving, original hardwood flooring & craftsman trim, ginormous kitchen, a real laundry room & sizeable rear bonus-room (for a plethora of uses), this cutie's floor plan suits a variety of configurations for modern living, while offering a spacious vibe on a COMFORTABLE BUDGET. The main-floor's front room (a/k/a "The Parlor" has served as a primary bedroom for decades - though you will need to be creative about a closet, but you will get the benefit of a picturesque fireplace by the bedside :-), while the cozy upstairs bedroom just got ductwork for central heat & air for the first time in it's history! The entire house has been freshly painted inside & out & refreshed where needed to make it a turn-key, owner-occupant-ready DREAM HOME for THIS century with a solid respect for LAST century. Enjoy evenings outback on the rear deck, in the fenced yard; string your lights, fire up the grill & invite the neighbors, cuz it's that kind of neighborhood! There's even room for a tomato plants & a garage with alley-access if you want to build one, and the neighboring property values will support that investment fully!

1533 Fletcher Avenue, Indianapolis

Listing courtesy of Carpenter, REALTORS®.

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