Indianapolis Public Schools Homes with Cellar Basement

Indianapolis Public Schools Homes with Cellar Basement

Welcome to Indianapolis, Indiana, where vibrant city life meets the charm of suburban living! If you’re considering a move to this dynamic area, you’ll be pleased to know that homes in the Indianapolis Public Schools (IPS) district offer not only exceptional educational opportunities but also unique features that enhance your living experience.

Indianapolis Public Schools is renowned for its commitment to providing quality education and fostering a supportive community. With a diverse range of programs, including arts, STEM, and advanced placement courses, IPS is dedicated to nurturing the potential of every student. Families residing in this district enjoy access to a variety of top-rated schools, ensuring that children receive a well-rounded education that prepares them for a bright future.

As you explore the housing market in Indianapolis, you’ll discover a selection of homes featuring cellar basements. These unique spaces provide ample room for storage, recreational activities, or even a cozy retreat for family gatherings. Imagine transforming a cellar basement into your personal sanctuary or a vibrant play area for the kids!

The combination of quality education and charming homes with cellar basements makes Indianapolis an ideal place for families and individuals alike. Whether you’re looking for a bustling neighborhood close to downtown or a peaceful retreat in the suburbs, Indianapolis has something for everyone. Embrace the opportunity to create lasting memories in a community that values both education and home life. Your dream home awaits in this thriving city!

Newest Indianapolis Public Schools Homes with Cellar Basement

4 Beds ⋅ 2 Baths

Take a look at this spacious "opportunity home," boasting over 1500sf above-grade, a rare 4 bedrooms & 2 full baths (including one of each on the main floor), sitting right in the heart of Fountain Square. Featuring many updates in recent years, this house is mechanically & structurally sound, totally habitable as it sits & easy to live in, with elevated ceilings, large rooms, a convenient floor plan, detached garage & fully-fenced backyard. Entering the foyer, you're immediately greeted with a warm welcome & a period-appropriate turned staircase. But, to be honest, she has been a rental for eons & does need a little TLC - particularly an exterior paint job (so no government loans, please). With a little love and some new finishes, this is a bargain for an owner occupant, or a gem for a rental portfolio. The attic space attached to one of the bedrooms gives you more room to work with - maybe you turn it into a home office, killer walk-in closet, reading nook, or something totally different, the choice is yours. The garage has a new garage door opener and motion-sensing lights. There's also a sidewalk, leading right up to the back door, allowing secure and easy access to come and go! And lastly... you can't forget about the covered front porch, which is the perfect spot for your morning coffee, a glass of wine, or those late-night talks with whoever you want to share the space with. There's a lot of potential here, and this one is ready for the right person to bring it back to life and priced to make the investment worthy!

933 E Morris Street, Indianapolis

Listing courtesy of Carpenter, REALTORS®.

2 Beds ⋅ 1 Baths

Investors, developers and visionaries, bring your blueprints and your tools, because this property is packed with upside and value-add potential! Small but mighty, this turn-of-the-century bungalow features 2 bedrooms, 1 full bathroom w/ laundry & an enclosed sunroom for incremental living space! She appears to be structurally sound & provides opportunity for cash flow as a rental or she would make a VERY affordable owner-occupied HOME. The real magic, however, lies in the future of the location for redevelopment to commercial or light industrial, as she is surrounded by vacant lots, adjacent to commercial & ready to be rezoned. For the time being, there is a storage shed, fenced yard and a detached garage w/ convenient alley access (the garage appears to need some structural reinforcement & is sold AS IS), a dry basement & modern mechanicals. The options here are wide open. Maybe you rehab the property to craft a charming, low-overhead rental OR wipe the slate clean and see what the future holds for this area of S Meridian St, located sooooo close to downtown Indy, with an entire block ready for redevelopment & an up & coming neighborhood behind it, enjoying a new life in renovation.

2013 S Meridian Street, Indianapolis

Listing courtesy of Carpenter, REALTORS®.

2 Beds ⋅ 1 Baths

STOP RIGHT HERE & check out this deal: 1 existing 2BR1BA house with garage + one vacant, developable lot - both for one low price - on a good-lookin' street, in Indy's hottest neighborhood. Numerous newly-built homes nearby provide credibility to rehab the house and/or redevelop this corner with confidence. Take advantage of the historic character & hardwood floors present in this petite but habitable house to bring it back to life as an efficient home or desirable addition to any rental portfolio. Consider taking it down & building something new & magnificent on both lots! What about splitting off the second lot & selling it for profit? ($60k+/- value) The possibilities are here for you to make it your own. Whether you're an owner occupant looking for a deal to rehab, or an investor, looking to unlock a new cash cow, or a builder looking for two precious lots in Fountain Square, there is abundant potential here and so many different ways you could make this property into whatever you need it to be.

923 Spruce Street, Indianapolis

Listing courtesy of Carpenter, REALTORS®.

2 Beds ⋅ 1 Baths

Come see this near Westside single story home in an up and coming neighborhood w/ plenty renovation in the area. The property comes with newer paint and vinyl plank flooring and vinyl windows in all rooms. The kitchen comes w/ an electric stove, fridge, dishwasher, garbage disposal, as well as a stacked washer/dryer combo w/ the connections being in the kitchen. The front main entry is an enclosed front porch that can be utilized as storage, as how it is presently being utilized by the present tenant. Sit in the front yard or on the rear deck to relax for the day. Street parking is available or park on the concrete pad behind the house off of the alley. This property is near local parks as well as being close to downtown and the interstate system, to take you anywhere you need to go within the city. Don't wait too long to come see this property!!!

1273 Eugene Street, Indianapolis

Listing courtesy of Finney Group Realty LLC.

4 Beds ⋅ 3 Baths

Allow us to reintroduce ourselves! 246 N Tacoma is a classic Dutch Colonial with a fresh new chapter-taken down to the studs and completely rebuilt. Soaring 10-foot ceilings and oversized custom windows fill the open-concept main level with natural light, while a gorgeous new kitchen with stone countertops and abundant storage brings style and function to the heart of the home. Two main-level bedrooms and a full bath offer room for guests, a home office, or whatever life calls for, with main-level laundry adding everyday convenience. Upstairs, a spacious primary suite offers its own private retreat, while the fourth bedroom also features an attached full bath. Set on Indy's near east side, surrounded by refreshed homes and a growing mix of local businesses, you're just a quick trip from downtown dining, entertainment, and city adventures. Spend crisp autumn afternoons on the generous covered front porch and evenings gathered around a fire in the private, fully fenced backyard. A brand-new two-car garage rounds things out with easy parking and extra storage. Classic charm, a complete refresh, and room to make yourself at home-come meet the new 246 N Tacoma!

246 N Tacoma Avenue, Indianapolis

Listing courtesy of Berkshire Hathaway Home.

2 Beds ⋅ 3 Baths

2 bedroom (plus bonus room), 2.5 bathroom, 2,634 sq. ft. home built in 1899 has been updated with fresh paint (2026) and all new carpet (2026). Enjoy city-views from the back deck, a 2 car garage, a fully fenced back yard, and all amenities stay including the Samsung Washer and Dryer, two fire pits, and an outdoor gas grill. Turn-of-the-century charm meets modern luxury in this beautifully restored Bates-Hendricks home that was thoughtfully renovated top to bottom in 2015 on Season 1 of HGTV's Good Bones. Historic character shines throughout with original woodwork, hardwood floors, soaring ceilings, and stylish high-end lighting fixtures. The impressive designer kitchen offers abundant cabinetry and generous counter space, making it perfect for both everyday living and entertaining. The versatile floor plan provides plenty of options, including a spacious primary suite with a sitting area and private walk-out deck, a large walk-in closet, a main-level secondary bedroom with an en-suite full bath, and an additional bonus room that can serve as a third bedroom or family room featuring a beautiful decorative fireplace with large north facing windows. Enjoy the dual sinks, walk-in pantry, mudroom, walk-in closets, and a fully fenced backyard with a two-car garage in this one-of-a-kind home in the heart of Bates-Hendricks. All amenities stay with property including washer & dryer, two fire pits, and an outdoor gas grill. Sauna is excluded from the sale. Home warranty paid for by Seller, passes to Buyers at closing.

601 Sanders Street, Indianapolis

Listing courtesy of Berkshire Hathaway Home.

4 Beds ⋅ 2 Baths

MOVE-IN READY IN RIVERSIDE - UNDER $150K! This 4-bedroom, 1.5-bath two-story home offers over 1,700 SQFT with LVP flooring, butcher block countertops, and low-maintenance finishes throughout. You're under a mile from Riverside Park and its master-plan redevelopment, minutes from Newfields and 16 Tech, with downtown a quick drive. Four bedrooms at this price works as a first home or a rental, and the equity story is the redevelopment happening around it. Vacant and easy to show - schedule your showing today!

1211 W 30th Street, Indianapolis

Listing courtesy of @properties.

Built in 1915 and standing in Martindale's Lincoln Park, this side-by-side duplex offers three bedrooms and two full baths per unit across 3,164 square feet, roughly 1,582 per side. The original millwork and trim detail are still in place, and the roof is in genuinely good condition - the expensive part, already handled. Be clear-eyed about the rest: one unit is habitable, the other currently lacks heating and cooling, a full rehab is needed throughout, yet it's priced accordingly. The lot runs 5,576 square feet with a large rear parking pad off a clean alley - off-street parking for both units, which is rare this close to the core. Mass Ave, Tinker Street and the Old Northside are all within walking distance.

2326 N Alabama Street, Indianapolis

Listing courtesy of Keller Williams Indpls Metro N.

3 Beds ⋅ 2 Baths

This turnkey charmer in the heart of the Old Southside offers 3 bedrooms and 2 full bathrooms along with multiple major updates completed within the past two years, including an updated kitchen, updated bathrooms, new furnace, central AC, water heater, and fresh paint both inside and out. Enter the home to find two bedrooms on the main level, finished with durable vinyl plank flooring throughout. Upstairs, the entire floor serves as a private primary suite retreat, complete with a full bath, new carpet, and a bonus space perfect for a large walk in closet. Just moments from the vibrant nightlife and dining of Bates Hendricks and Fountain Square, this property also offers strong rental potential near the 1% rule, making it an excellent opportunity for both homeowners and investors. The adjacent lot is also available for purchase, giving you the option to extend your yard. Why wait to find your next investment or forever home when this turnkey opportunity is ready today?

1722 S Talbott Street, Indianapolis

Listing courtesy of Highgarden Real Estate.

Discover a unique opportunity at 1011 W 29th ST W, INDIANAPOLIS, IN, USA. This impressive 2560 square foot duplex, built in 1915, spans two stories and sits on a generous 5053 square foot lot, offering a blend of historic charm and versatile living possibilities. This property presents an exceptional chance to own a piece of Indianapolis history with the flexibility of a duplex, catering to various living arrangements or investment strategies. To truly appreciate the potential and character of this distinguished property, schedule your private viewing today.

1011 W 29th Street W, Indianapolis

Listing courtesy of L&P Properties, LLC.

4 Beds ⋅ 4 Baths

Completely-Renovated 1924 gem with 2,700+ sq ft, 4 bed, 4 bath situated in the Springdale neighborhood less than 2 miles from Downtown Indy, the Bottleworks District, Mass Ave & the interstates to the west, and Historic Irvington to the East. Amazing investment! Friendly neighbors/neighborhood & in an area (Springdale, aka The East 10th Art District) that continues to be vitalized each year. You'll fall in love with the gorgeous hardwoods, soft close cherry cabinets in the kitchen, elegant granite countertops, newer SS appliances, double oven gas range & custom, extended kitchen island. Backyard is fully fenced with fire pit, storage, a HUGE cedar porch, & dual-swinging gates to the back alley. Whether it's inside or out, this is a perfect home to enjoy personally but also to HOST! The open floor plan and tasteful backyard/deck leaves you with the ability to comfortably entertain dozens of guests if desired. Retreat upstairs to enjoy the four large bedrooms with the primary en suite as the crown jewel with a custom bathroom you'd have to see to believe. Many homes over 100 years old have wavy floors & problems galore. Not this beaut! This home is solid and has been meticulously-maintained. You'll fall in love quickly. Priced to Sell. Come quickly!

422 N Dearborn Street, Indianapolis

Listing courtesy of Berkshire Hathaway Home.

1 Beds ⋅ 1 Baths

Super affordable and clean SoBro bungalow. This move-in ready property features gleaming hardwood floors, updated bathroom, a full set of appliances and a fully enclosed front porch. Plenty of nearby amenities, including the Monon Trail and plenty of restaurants.

2045 E 49th Street, Indianapolis

Listing courtesy of T&H Realty Services, Inc..

Start Your Search

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative