Indianapolis Homes with Unfinished Basement

Indianapolis Homes with Unfinished Basement

Welcome to Indianapolis, the vibrant heart of Indiana and a city that beautifully blends rich history with modern living. Nestled in Marion County, Indianapolis is known for its friendly atmosphere, diverse culture, and thriving economy. With a population of over 880,000, it stands as the state’s capital and a hub for sports, arts, and innovation. Whether you’re a sports enthusiast eager to catch a Colts game at Lucas Oil Stadium or an art lover exploring the Indianapolis Museum of Art, this city has something for everyone.

For those considering a move to Indianapolis, homes with unfinished basements offer a unique opportunity to customize your living space according to your personal taste and needs. Imagine the potential of transforming an expansive, open basement into a cozy family room, a home gym, or even a stylish guest suite. The unfinished basements in many Indianapolis homes provide an excellent canvas for your creativity, allowing you to design a space that perfectly complements your lifestyle.

Additionally, the neighborhoods in Indianapolis are as diverse as its residents. From the historic charm of Irvington to the bustling energy of Broad Ripple, you’ll find a community that resonates with your lifestyle. With a reasonable cost of living and a variety of recreational activities, Indianapolis is not just a place to live; it’s a place to thrive.

Explore the possibilities that await you in Indianapolis, where your dream home with an unfinished basement is just a step away from becoming a reality!

Newest Indianapolis Homes with Unfinished Basement

5630 Kingsley Drive, Indianapolis
$349,000
3 Beds ⋅ 1 Baths
Welcome home to this charming 3-bedroom, 1-bath ranch with a basement, ideally situated in the heart of Broad Ripple! Enjoy the perfect combination of classic character and thoughtful updates, with an unbeatable location just minutes from the Monon Trail, Canterbury Park, and the Indianapolis Art Center, along with the shopping, dining, and entertainment that make Broad Ripple such a desirable place to call home. Discover beautifully refinished original hardwood floors, freshly sanded and stained in November 2026, bringing warmth and timeless character throughout the home. Enjoy peace of mind with numerous major improvements, including a new roof (2025), HVAC system (2024), brand-new deck, and a complete sewer line replacement extending all the way to the street (2019). Additional updates include windows replaced in 2016 and a water heater installed in 2015. The basement offers valuable additional space and endless possibilities for storage, hobbies, or future use. Whether you're a first-time homebuyer, looking to downsize, or searching for an investment opportunity, this home offers a wonderful blend of charm, functionality, and location. Experience the best of Broad Ripple living, where neighborhood charm meets everyday convenience!

5630 Kingsley Drive, Indianapolis

Listing courtesy of Patricia McCormick. Trueblood Real Estate
815 N Oxford Street, Indianapolis
$99,900
3 Beds ⋅ 2 Baths
Your opportunity awaits! Rare find featuring 3 oversized bedrooms, 1.5 baths, 2-car garage, and private driveway parking near the heart of downtown. Natural hardwood floors highlight the primary level, as family room opens seamlessly to formal gathering and dining rooms. A main level bedroom is a plus for any homeowner! Many original early 1900s-character features are in tact, speaking to the preservation of its' unique charm. With over 2,000 sq feet of living space and a fenced in back yard, this one is ready for the next owner to bring an eye for the next chapter. Bring your vision to an ever-evolving neighborhood and make your own! Home is being sold As-Is.

815 N Oxford Street, Indianapolis

Listing courtesy of Laura Turner. F.C. Tucker Company
1426 E Vermont Street, Indianapolis
$369,900
3 Beds ⋅ 2 Baths
Historic charm, incredible outdoor spaces and endless potential in the heart of downtown Indianapolis! This inviting 3-bedroom, 2-bath home is full of the character that makes historic homes so special, featuring tall ceilings, original hardwood floors, beautiful stained wood trim and a decorative fireplace. New carpet, paint and bathroom updates are just a few of the changes made for the next homeowners. The oversized front porch is a true highlight, overlooking a charming landscaped front yard framed by a retaining wall and offering the perfect place to relax and connect with neighbors in this welcoming, engaged community. Out back, enjoy a private fenced yard with mature trees and a brick patio, ideal for entertaining or unwinding. An oversized 2-car garage with dedicated workshop space is a rare find, while the basement provides abundant room for storage. A brand-new roof and gutters offer added peace of mind. With its timeless architectural details, inviting outdoor spaces and fantastic neighborhood setting, this home is ready for its next chapter!

1426 E Vermont Street, Indianapolis

Listing courtesy of Christi Coffey. F.C. Tucker Company
3423 N Sherman Drive, Indianapolis
$85,000
2 Beds ⋅ 1 Baths
Investor Opportunity or Fixer-Upper with Potential! This single-family home offers 2 bedrooms, 1 full bathroom with a tub/shower combination, and 990 square feet of living space. An additional 990-square-foot unfinished basement provides an excellent opportunity to create extra living space, expand functionality, or add value to the property. Enjoy outdoor potential with a concrete front patio ready for renovation and a covered back porch offering additional space to relax and unwind. This property needs some TLC but offers plenty of potential for the right buyer! Whether you're looking for your next investment property to add to your rental portfolio or a home you can renovate and make your own, this property is full of possibilities. Bring your vision and transform this house into something special!

3423 N Sherman Drive, Indianapolis

Listing courtesy of Rosie Berzenye. T&H Realty Services, Inc.
4315 E 30th, Indianapolis
$174,000
3 Beds ⋅ 2 Baths
Welcome to this beautifully updated 3-bedroom, 1.5-bath home, completely NEW and ready for its new owner! Enjoy peace of mind with major brand-new updates, including the roof, gutters, siding, HVAC, water heater, and A/C unit, plus so much more! Step inside and fall in love with the lovely kitchen, featuring a beautiful island perfect for everyday cooking, entertaining, and making memories. You'll also enjoy brand-new stainless steel appliances, including a dishwasher, refrigerator, stove, and microwave range! With so many updates already completed, all that's missing is YOU! Come take a look at this beautiful home and see everything it has to offer. Your next chapter starts here!

4315 E 30th, Indianapolis

Listing courtesy of Salhma Lauro-Alvarado. AMR Real Estate LLC
837 N Linwood Avenue, Indianapolis
$130,000
3 Beds ⋅ 1 Baths
Investors, this is the one. Classic bungalow in historic Emerson Heights, priced at $130,000, with area rental comps around $1,250/month. That works out to roughly an 11.5% gross yield. Inside it's bright and airy, with hardwood floors throughout. The living room is built around a brick fireplace with built-in bookcases on both sides, and there are arched doorways and big, sunny windows. The kitchen has tile floor, and the range and refrigerator stay. 3 bedrooms and a full bath with a tub/shower. The full basement gives you storage and easy access to the mechanicals. Outside there's a covered front porch with a brick knee wall, a mature shade tree, a rear deck, a deep backyard and a detached 2-car garage off the alley. You're just off the East 10th Street corridor, where the city-backed 10th Street Emerging Cultural District is bringing new investment, and you're minutes from Irvington and downtown. Easy to rent, solid to hold. Bring your investors.

837 N Linwood Avenue, Indianapolis

Listing courtesy of Josh Latham. RE/MAX Advanced Realty
5300 Lancelot Drive, Indianapolis
$368,000
3 Beds ⋅ 2 Baths
This one is MOVE IN READY!!! 3 Bedroom, 2 Full Bath, Updates EVERYWHERE!! Plus a FULL BASEMENT (with Waterproofing)! Tons of Living space! The Primary Suite has a full bath and walk in closet. A Big Family room with gas starter masonry fireplace. Separate Dining room too! The Kitchen opens up to the breakfast nook and Living room all gleaming with Hardwoods with tons of views of the fully fenced back yard. There is also a LARGE 4 Season Sunroom with Year round heating and cooling! Basement is Clean and Dry and Ready for your finishing touches. Both Bathrooms have been updated! Fresh Paint and Carpet, don't lift a finger! Full Stone and Brick wrap on almost a half acre lot (.47)! Water softener, water Purifier, Generac Generator! Tons of extras!

5300 Lancelot Drive, Indianapolis

Listing courtesy of Kyle Dickson. Coldwell Banker - Kaiser
1140 Spruce, Indianapolis
$569,900
Beautifully renovated from the studs in 2017, this impressive 2-story duplex located in the heart of Fountain Square showcases upscale finishes throughout. Both units feature stunning kitchens appointed with high-end finishes with quartz counters, stainless steel appliances, canned and pendant lighting complemented by gorgeous hardwood flooring and beautiful bathrooms featuring stylish, modern finishes. Each spacious unit have identical floorplans and offer 3 bedrooms and 2.5 bathrooms, creating an ideal blend of comfort, functionality and style. Complete with a detached, coveted partitioned 2-car garage offering off-street parking and additional storage space, this exceptional property offers an outstanding opportunity for investors seeking rental income, owner-occupants looking to house hack or those exploring short term rental potential. Whether you choose to live in one side and rent the other or maximize the income potential of both units, this beautifully updated duplex offers versatility and value in a prime Fountain Square location.

1140 Spruce, Indianapolis

Listing courtesy of James Cherry. Cherry Appraisal Company, LLC
9951 Southwind Circle, Indianapolis
$519,900
3 Beds ⋅ 3 Baths
New listing will go fast! FULL BRICK RANCH on nearly a HALF ACRE CUL-DE-SAC HOMESITE! Offering 3,650 total sq ft, 3 bedrooms, 2.5 baths, unfinished BASEMENT & large 3 CAR GARAGE! Obsessively maintained, the owners have completed several updates & just a few include a FULLY REMODELED kitchen & owners bathroom! From the ceiling crown molding to the refinished HARDWOOD FLOORING, this home is magnificent & loaded w/CUSTOM FEATURES! The main level includes an elegant/spacious dining rm w/butlers pantry, fully equipped gourmet kitchen w/granite counters, 42' cabinetry, lux Decor, BOSCHE & Jenn-Air appliances, pantry, wine fridge & is open to a wonderful sun room w/12' ceiling & access to a large deck! The 20' great rm includes a 12' ceiling & 30" deep gas fireplace! The 16x15' owners suite offers a 9' ceiling, TWO WALK-IN CLOSETS & can easily accommodate a large bedroom set! The fully remodeled luxury spa bathroom will be hard to forget, featuring a dual bowl vanity, tile flooring, tiled WI shower & jetted tub! The two secondary bedrooms are BIG (14x12' & 13x12') & offer plenty of closet space! An 8x8' laundry rm is full of natural lighting & includes cabinetry, 2 storage closets & the washer/dryer stay! The unfinished basement is a blank canvas, ready to be finished into a dream lower level & thanks to wall framing already in place, you'll be one step ahead + it includes windows & a FULL BATH ROUGH-IN! The space will accommodate a family rm/bar/rec area/exercise rm (or office/craft rm/work shop/theater rm) + storage rm! The owners have also replaced the HVAC, most WINDOWS & installed a Kinetico reverse osmosis water system. You'll love the HUGE BACKYARD & mature landscaping! The Moorings is known for INCREDIBLE NEIGHBORHOOD AMENITIES - pool, tennis & pickleball courts & neighborhood patrol! Talk about an A+ LOCATION - close to Geist Reservoir, shopping, dining, entertainment, the interstate & an easy commute to downtown Indy! OPEN HOUSES SAT & SUN 12-2PM.

9951 Southwind Circle, Indianapolis

Listing courtesy of Allen Williams. Berkshire Hathaway Home
3450 N Colorado Avenue, Indianapolis
$140,000
2 Beds ⋅ 2 Baths
This 2 bedroom home has a bathroom on the main level with another stool in the basement. Eat-in kitchen has a built in cabinet and laminated hardwood flooring. Both bedrooms have double closets. HVAC appears newer with an installation date of 2016. Two car detached garage needs a new overhead door. Home is conveniently located near the city bus line and I-70.

3450 N Colorado Avenue, Indianapolis

Listing courtesy of Michelle McKnight. Carpenter, REALTORS®
1062 N Tremont Street, Indianapolis
$175,000
2 Beds ⋅ 2 Baths
Welcome to this beautifully remodeled modern home situated on a desirable corner lot! This stunning property offers 2 spacious bedrooms and 2 full bathrooms, featuring an open-concept layout designed for modern living. Step inside to discover luxury vinyl plank (LVP) flooring throughout, fresh interior paint, new drywall, insulation, stylish light fixtures, and a cozy electric fireplace. The beautifully updated kitchen features brand-new cabinets, elegant quartz countertops, a stylish backsplash, and stainless steel appliances. The spacious primary suite offers a private bathroom complete with a gorgeous tiled shower and LED mirror, while the second full bathroom features a tub/shower combination. Enjoy peace of mind with extensive upgrades, including a brand-new roof, new windows, siding, plumbing, electrical wiring, electrical panel, ductwork, a 2026 furnace, and a 2026 water heater. The exterior is just as impressive, featuring fresh paint, beautiful landscaping, a brand-new front deck, a new sidewalk leading to the home, and an asphalt driveway providing convenient off-street parking. Relax on the covered back porch overlooking the spacious backyard, perfect for outdoor enjoyment. With modern finishes, thoughtful upgrades, and inviting indoor and outdoor spaces, this move-in-ready home is a must-see! Schedule your showing today!

1062 N Tremont Street, Indianapolis

Listing courtesy of Perla Palma Nunez. Keller Williams Indy Metro Partners
1108 Lexington Avenue, Indianapolis
$149,000
3 Beds ⋅ 4 Baths
Explore the height of luxury living in Fountain Square in this beautiful townhome. Just blocks from Fountain Square Arts District, shopping, nightlife and downtown. Multiple balconies overlooking the skyline, fully fenced backyard with 1-car detached garage. Four levels of finished living space featuring 3 bedrooms, 3.5 bathrooms and several living spaces. Open concept layout with raised ceilings and tons of closet space. Gourmet kitchen has solid surface counters, center island and modern cabinetry. Lower level has egress window and Bedroom en-suite. New roof added in 2026. The opportunity awaits with some finish work. Could be an amazing short term rental, investment, or place to call home. This is a must see!

1108 Lexington Avenue, Indianapolis

Listing courtesy of Chris Price. Keller Williams Indy Metro Partners
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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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. Some listings have been excluded from this website.


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