Indianapolis Public Schools Homes under $200,000

Indianapolis Public Schools Homes under $200,000

Welcome to Indianapolis, Indiana, where vibrant city life meets the warmth of community! Nestled in Marion County, the city boasts a rich tapestry of culture, history, and opportunity, making it an ideal place for families, young professionals, and everyone in between. One of the standout features of Indianapolis is the esteemed Indianapolis Public Schools (IPS) district, which is committed to providing quality education and fostering a supportive environment for students. With a diverse array of programs and dedicated educators, IPS strives to prepare students for success in an ever-changing world.

For those seeking affordable housing options, Indianapolis offers a treasure trove of homes priced under $200,000. This is a fantastic opportunity for first-time homebuyers, investors, or anyone looking to settle in a thriving urban area without breaking the bank. These homes often feature charming architecture, spacious yards, and convenient access to local amenities, parks, and schools, making them perfect for families or individuals looking for a sense of community.

Living in Indianapolis means you’ll enjoy the best of both worlds: the excitement of a bustling city and the comfort of suburban life. Whether you’re exploring the vibrant downtown, enjoying a leisurely stroll through one of the many parks, or attending a local event, there’s always something happening in this dynamic city. With its affordable housing market and a strong educational foundation through Indianapolis Public Schools, now is the perfect time to make Indianapolis your new home!

Newest Indianapolis Public Schools Homes under $200,000

3356 Broadway Street, Indianapolis
$160,000
4 Beds ⋅ 2 Baths
This is a classic Indianapolis residence with character and potential in the established Mapleton-Fall Creek area. Built in 1920 and features the traditional charm associated with its Craftsman-era design. Original architectural character, wood-frame windows, a fireplace, and mature trees add to the property's established feel. A covered front porch provides additional outdoor space and a pleasant place to enjoy the neighborhood. The property sits on an approximately 6,534-square-foot lot and offers an opportunity for a homeowner or investor looking for a property with character and room for continued improvement. This home has no HOA. Conveniently situated along Broadway Street, the property provides access to the surrounding Mapleton-Fall Creek neighborhood and the broader Indianapolis area. With its historic character, traditional floor plan, and potential for personalization, 3356 Broadway St offers an opportunity to make an established Indianapolis home your own.

3356 Broadway Street, Indianapolis

Listing courtesy of Paradigm Realty Solutions.

2267-2269 Adams Street, Indianapolis
$125,000
Discover the potential of this duplex on Adams Street in Indianapolis. Featuring a covered front porch and an unfinished basement, this property offers a solid starting point for those looking to make updates and add value. With renovation potential and flexible possibilities, this could be an appealing investment or project for the right buyer. Conveniently located near Brightwood Park and other nearby amenities. A chance to bring your vision to life in a convenient Indianapolis location!

2267-2269 Adams Street, Indianapolis

Listing courtesy of Keller Williams Indy Metro Partners.

2326 Adams Street, Indianapolis
$60,000
3 Beds ⋅ 1 Baths
Discover the potential of this home on Adams Street in Marion County. Featuring a covered front porch and an open backyard, this property offers a great starting point for those looking to make updates and bring their vision to life. Conveniently located near Brightwood Park and local everyday amenities. A chance to add value and create a home that fits your style!

2326 Adams Street, Indianapolis

Listing courtesy of Keller Williams Indy Metro Partners.

3369 Broadway Street, Indianapolis
$160,000
4 Beds ⋅ 1 Baths
This super cool 4 bedroom home is looking for its next chapter. Full of character and original details, it features hardwood floors, built ins, a fireplace, large rooms, a beautiful staircase, a sunroom/breakfast room, a sweet window seat, and gorgeous glass doors off the living room that open to the covered front porch...such a dreamy little detail. Upstairs offers four bedrooms and a full bath, plus access to a second-story deck at the back of the home. There's also a great opportunity to rework the third and fourth bedrooms into a larger primary suite with its own bath and direct access to that upper deck. With around 2,000 square feet, unique architecture, and so many original touches still intact, this home has tons of personality and room to make it your own.

3369 Broadway Street, Indianapolis

Listing courtesy of Hanza Realty, LLC.

520 N Dearborn Street, Indianapolis
$49,000
3 Beds ⋅ 1 Baths
CALLING ALL INVESTORS AND REHABBERS!! 520 N Dearborn St presents a compelling fix-and-flip opportunity in Rivoli Park on Indianapolis' near east side. Situated on a quiet residential street just beyond an active revitalization zone, this property is positioned directly in the path of progress as redevelopment continues to expand into the surrounding area. This 2-story home offers 3 bedrooms, 1 full bath, 1,586 sq ft of living space, plus a 742 sq ft unfinished basement. The interior is in major disrepair and will require extensive renovation, while the exterior is in comparatively good condition and could benefit from a cosmetic facelift to maximize curb appeal and ARV. The main level features a spacious living room, large formal dining room, eat-in kitchen with breakfast nook, and a semi-open circular layout that could potentially be reconfigured into an impressive open-concept floor plan. The main-level laundry room may also offer potential for conversion to a half bath. Upstairs are all 3 bedrooms and the full bathroom. Much of the original woodwork remains, including baseboards and door/window trim, providing character worth preserving. Renovated properly, potential ARV could approach $250K! Priced for a quick sale. Cash or hard money only; no seller or creative financing. Priority will be given to offers able to close by 10/30.

520 N Dearborn Street, Indianapolis

Listing courtesy of Keller Williams Indpls Metro N.

701 Carlyle Place, Indianapolis
$199,900
2 Beds ⋅ 2 Baths
Step into instant equity! This house recently appraised for 230k and is available for the next buyer ready to finish the project off. Why such a great deal you ask? The current seller is an investor simply needing to move resources into a bigger project. Everything has been redone! New plumbing! New HVAC! New electrical! New drywall and flooring! New bathrooms, new kitchen, and new lighting! New roof! All new appliances as well! These kinds of opportunities don't come very often. Take advantage of this deal and move on this today. An easy win for new investors and an easy win for savvy owner occupied buyers.

701 Carlyle Place, Indianapolis

Listing courtesy of Peter Khosla, Inc.

2249 Carrollton Avenue, Indianapolis
$180,000
3 Beds ⋅ 1 Baths
Opportunity awaits at 2249 Carrollton Ave! This 3-bedroom home offers over 1,700 square feet and is ready for renovation and a fresh vision. Located in an area where renovated homes have achieved significantly higher values, the property offers potential for an investor, renovator, or buyer looking for a project. The home features two levels plus a basement and is being sold as-is. Seller will make no repairs. Bring your ideas and explore the possibilities this property has to offer.

2249 Carrollton Avenue, Indianapolis

Listing courtesy of Keller Williams Indy Metro NE.

4130 Hoyt Avenue, Indianapolis
$149,900
3 Beds ⋅ 2 Baths
Step right up to 4130 Hoyt AVE in INDIANAPOLIS, IN.! This delightful spacious single-family residence, is ready-to-move-into. And just 5 minutes from popular CHRISTIAN PARK! With three cheerful bedrooms, there's plenty of space for sweet dreams and pillow fights. And don't worry about the morning rush - two full bathrooms mean everyone gets their turn without a fuss. This charming one-story abode also boasts a convenient laundry room, making chore day a breeze. Also, property boasts a two-car garage and a fenced in yard! And for those lovely sunny afternoons, a welcoming porch invites you to kick back & relax. Close to I-465 and Downtown. Come check it out!!

4130 Hoyt Avenue, Indianapolis

Listing courtesy of New Quantum Realty Group.

535 W 29th Street, Indianapolis
$89,900
3 Beds ⋅ 1 Baths
Discover the charm and convenience of 535 W 29th ST, INDIANAPOLIS, IN. Built in 1925, this 1170 square foot single-family residence is a truly inviting home, ready for its next owner. Spacious living areas and perfect for any investors portfolio or an owner occupant looking to buy a solid property at an affordable price! This delightful bungalow, spanning one story, offers three comfortable bedrooms and a full bathroom. The property also features a pleasant porch, ideal for enjoying the outdoors. To experience the unique character of this property, schedule your private viewing today. Wont last long!

535 W 29th Street, Indianapolis

Listing courtesy of Austyn Avenue Real Estate.

1134 W 35th Street, Indianapolis
$74,900
4 Beds ⋅ 2 Baths
Up and coming area with substantial amount of rehab ongoing in this northwest side neighborhood. Huge 4 bedroom home with enormous possibilities.

1134 W 35th Street, Indianapolis

Listing courtesy of The Elite Advantage, Inc..

2441 N Goodlet Avenue, Indianapolis
$110,000
3 Beds ⋅ 2 Baths
Great opportunity for investors or buyers looking to make a home their own. This 3-bedroom 2-bath property offers plenty of potenial and the perfect chance to add your own personal touches. the finished garage is currently being used as an additional bedroom, providing extra living space and flexibility. With a little TLC and creativity, this home has so much potential. Don't miss out.

2441 N Goodlet Avenue, Indianapolis

Listing courtesy of F.C. Tucker Company.

3709 Fletcher Avenue, Indianapolis
$135,000
2 Beds ⋅ 1 Baths
Whether you're looking for your first home or your next investment, this charming 2-bedroom, 1-bath property offers the flexibility to make it your own. Original hardwood floors bring character and warmth throughout, while the 2-car garage provides valuable parking, storage, or workshop space. The fully fenced backyard offers plenty of room for pets, entertaining, gardening, or simply enjoying your own outdoor space.For investors, the numbers are worth a look. Market rents in the area indicate potential rental income around $1,350/month, creating an opportunity to pursue the coveted 1% rule depending on purchase price and financing. With strong functionality, a desirable layout, and room to add your personal touches, this property offers both lifestyle appeal and portfolio potential. Live in it. Improve it. Rent it. Add it to your portfolio. The opportunity is yours.

3709 Fletcher Avenue, Indianapolis

Listing courtesy of eXp Realty LLC.

Start Your Search

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