Indianapolis Public Schools Homes under $400,000

Indianapolis Public Schools Homes under $400,000

Welcome to the vibrant and diverse community of Indianapolis, Indiana, where the heart of the Midwest beats strong! Nestled in Marion County, this bustling city is not only known for its rich history and cultural attractions but also for its commitment to quality education, particularly through the Indianapolis Public Schools (IPS) district.

Indianapolis Public Schools serves a broad range of students across the city, offering a variety of educational programs designed to meet the needs of every learner. With a focus on academic excellence and innovative teaching methods, IPS is dedicated to fostering an inclusive environment where students can thrive. Families can take comfort in knowing that their children will receive a quality education, with numerous schools recognized for their achievements and community engagement.

For those looking to settle down in this dynamic city, there are plenty of charming homes available under $400,000, making it an ideal choice for first-time buyers, young families, and anyone seeking a vibrant urban lifestyle. From cozy bungalows to modern townhomes, the real estate market in Indianapolis offers a diverse selection of properties that cater to various tastes and budgets.

Living in Indianapolis means enjoying a rich tapestry of cultural experiences, from local festivals to art galleries and delicious dining options. With easy access to parks, recreational facilities, and a strong sense of community, you'll find that this city is not just a place to live; it’s a place to call home. Explore the possibilities and discover your dream home in Indianapolis today!

Newest Indianapolis Public Schools Homes under $400,000

421 E 33rd Street, Indianapolis
$350,000
Pay close attention all house hackers and investors! This fully renovated Mapleton-Fall Creek duplex truly fits the needs of many and is turn key and ready to go. One side (423 E 33rd St) currently rents for $1,350, and the other side (421 E 33rd St) is vacant and rent ready. This location offers easy access to Downtown and Broad Ripple. This is a great opportunity to get your foot in the door!

421 E 33rd Street, Indianapolis

Listing courtesy of Everhart Studio, Ltd..

1058 W 29th Street, Indianapolis
$165,000
3 Beds ⋅ 2 Baths
Welcome to 1058 W 29th St, Indianapolis - a beautifully renovated 3-bedroom, 2-bathroom home that combines modern style, comfort, and everyday functionality. Step inside to discover a thoughtfully updated interior featuring a fresh, contemporary design and high-quality finishes throughout. The fully renovated home offers spacious living areas, modern bathrooms, and a stunning kitchen equipped with brand-new appliances, making this home truly move-in ready. Outside, enjoy your own fully fenced backyard, perfect for entertaining, relaxing, pets, or creating your own private outdoor retreat. With its stylish renovations, modern amenities, and inviting indoor and outdoor spaces, this home delivers the feel of luxury living without sacrificing comfort or convenience.

1058 W 29th Street, Indianapolis

Listing courtesy of Tyler Knows Real Estate LLC.

429 N Drexel Avenue, Indianapolis
$215,000
2 Beds ⋅ 1 Baths
BOSART BROWN: Classic bungalow with beautifully preserved hardwoods, stained trim, fireplace, and beautiful craftsman detailing throughout. Large living room and dining room offer plenty of space to stretch out. Kitchen and bathroom have both been updated--entire home was renovated about 10 years ago. Fully fenced backyard features custom deck, seperate fire pit area, raised garden beds, and beautiful landscaping you won't find in a flip. 2 car garage with two additional offstreet parking spaces behind it. The entire house, inside and out, is a showplace of genuine homeowner TLC and improvements. Full basement is very usable as a workshop, storage, etc. Located a couple blocks West of Historic Irvington, and a 10 minute drive to downtown. This home is special and ready for new loving homeowners.

429 N Drexel Avenue, Indianapolis

Listing courtesy of @properties.

4002 Byram Avenue, Indianapolis
$279,900
4 Beds ⋅ 4 Baths
Welcome to 4002 Byram Avenue in the heart of Butler-Tarkington! Offering 4 bedrooms and 4 bathrooms provides a versatile layout with plenty of room to live, work, and entertain. The open kitchen and living area create an inviting space for everyday living, featuring granite countertops, updated cabinetry, and newer appliances. The finished basement adds additional bonus room, while bedrooms and bathrooms on multiple levels offer flexibility for a variety of needs. Notable improvements include, luxury vinyl plank flooring, newer windows, Hardie siding, and a newer architectural shingle roof. Conveniently located near Butler University, Marian University, Broad Ripple, and downtown Indianapolis, you'll enjoy easy access to local restaurants, shopping, parks, and entertainment. With generous interior space, thoughtful updates, and a convenient location, 4002 Byram Avenue is ready for its next chapter!

4002 Byram Avenue, Indianapolis

Listing courtesy of eXp Realty LLC.

1713 Nelson Avenue, Indianapolis
$104,900
3 Beds ⋅ 1 Baths
Welcome home to 1713 Nelson Ave, a charming single-story residence offering low-maintenance living in Indianapolis! Featuring 3 bedrooms, 1 full bathroom, and 1032 square feet of functional interior living space, this property delivers an efficient floor plan designed for easy everyday living. Inside, bright and welcoming common areas include a cozy living room flowing smoothly into a practical central kitchen and dining layout. All three well-proportioned bedrooms offer versatile space for everyday living, guest accommodations, or a dedicated home workspace, complemented by a central full bathroom for daily convenience. Outside, enjoy off-street parking and a spacious yard-ideal for outdoor relaxation, pets, or gardening. Conveniently located near Fountain Square, local schools, parks, shopping, and major routes across Marion County

1713 Nelson Avenue, Indianapolis

Listing courtesy of Trelora Realty.

729 E Morris Street, Indianapolis
$289,000
4 Beds ⋅ 2 Baths
Move-in-ready home in the heart of Bates-Hendricks/Fountain Square - equally strong as a turnkey short-term rental with a proven track record or a low-maintenance primary residence. The layout already works for guests or an owner: open flow between the great room and formal dining room under impressive 10-foot ceilings, a main-level laundry with washer and dryer, and a kitchen with tile backsplash, butcher-block counters, and all appliances included. A spacious flex room at the back is an easy home office, creator space, or extra guest room and opens straight onto a private deck. The main-level primary suite has an en-suite bath with double vanities, a tiled walk-in shower, and a walk-in closet - a setup that photographs well and gives an owner or a longer-stay guest a real retreat. Upstairs, two bedrooms are separated by a large bonus area that works as a TV loft, workout space, or second living room, so the house sleeps and entertains without feeling cramped. The yard is fully fenced and low-maintenance, which keeps turnover simple for a rental and easy for anyone who would rather skip the yardwork. Location does the rest: an 8-minute walk to Fountain Square puts restaurants, bars, and events within walking distance, and downtown is a short hop - the kind of spot that draws both weekend guests and buyers who want to live in the neighborhood.

729 E Morris Street, Indianapolis

Listing courtesy of Tyler Knows Real Estate LLC.

45 N Ewing Street, Indianapolis
$139,000
Welcome to 45 N Ewing Street, a well-maintained side-by-side duplex on Indianapolis's near eastside, conveniently located within 10 minutes of downtown, Brookside Park, Christian Park, Ellenberger Park, Community East Hospital, the Community Justice Center, and more. Each 870-square-foot single level unit offers one bedroom and one bath, with a mix of original hardwood and laminate flooring, a front den/flex room, spacious living room, large formal dining room, kitchen with pantry, and a partial unfinished basement with laundry hookups and utility sink. Separately fenced rear yards give each side its own private outdoor space, with off-street parking off the rear alley. Move-in or rent-ready and professionally managed by the Wilmoth Group, the property features a roof only two to three years old. The vacant unit is marketed at $825 per month and can be delivered vacant at the buyer's option, while the occupied unit rents for $775 per month through 4/30/27. Separately metered utilities are paid by the tenants, and combined rents well exceed the coveted 1% rule, making this a strong cash-flowing option for investors and an ideal house-hack for owner-occupants. Rental-grade quality today, with clear upside in both value and rents through cosmetic improvements-schedule your showing and see the potential for yourself. No seller/creative financing.

45 N Ewing Street, Indianapolis

Listing courtesy of Keller Williams Indpls Metro N.

6035 Guilford Avenue, Indianapolis
$299,900
2 Beds ⋅ 1 Baths
Historic charm, hardwood warmth, and Broad Ripple convenience come together in this inviting two-bedroom, one-bathroom house designed for comfortable, uncomplicated living. With everything arranged on one level, the floor plan offers an approachable scale that can adapt to everyday routines, remote work, hobbies, or extra storage. Throughout the interior, hardwood floors create a natural flow and complement the home's historic details. The layout feels practical without losing personality, giving each room a clear purpose while leaving space to make it your own. Outside, the yard provides a welcome extension of the home. Picture raised garden beds, patio seating, or a quiet spot for morning coffee. The two-car garage supplies off-street parking plus useful room for bicycles, tools, and seasonal gear-because closets should not have to do all the work. The surrounding location makes it easy to enjoy one of Indianapolis's most recognizable neighborhoods. Broad Ripple's restaurants, shops, and entertainment are nearby, while Fresh Thyme Market simplifies grocery runs. The Monon Trail offers a convenient destination for walking, running, or cycling. At the same time, the home's compact footprint keeps maintenance manageable, leaving more time to explore the neighborhood, relax outdoors, or simply enjoy a home with genuine character. If historic details, versatile space, and an engaging location fit your plans, arrange a private tour and experience this Broad Ripple home firsthand.

6035 Guilford Avenue, Indianapolis

Listing courtesy of Elite Indy Realty Group.

3627 Winthrop Avenue, Indianapolis
$250,000
3 Beds ⋅ 2 Baths
Bring your vision to this charming 3-bedroom, 1.5-bath brick manor with 1920s character and value-add potential. The home features original wood trim, hardwood floors, and spacious living and dining areas that showcase its historic charm. The cozy kitchen nook adds character, while the fully fenced backyard offers plenty of usable space with a patio, irrigated gardening area, and brick-paver driveway. With its solid brick construction, original details, spacious layout, and generous outdoor space, this property offers an excellent opportunity for an investor, rental, renovation project, or owner-occupant. Property is being sold AS-IS. Buyer to perform their own inspections and due diligence.

3627 Winthrop Avenue, Indianapolis

Listing courtesy of Honor Realty LLC.

3550 E New York Street, Indianapolis
$369,900
5 Beds ⋅ 3 Baths
The character of an established home with virtually everything today's buyer wants already new. This stunning 5-bedroom, 2.5-bath home has been extensively reconstructed from the foundation up, offering nearly 2,400 square feet of beautifully finished above-grade living space. Major components are new, including the roof, electrical, plumbing, HVAC, windows, insulation, siding, drywall, kitchen and baths. Inside, you'll find hardwood floors, raised ceilings and generous room sizes, with a spacious kitchen centered around a large island and opening naturally to the living and dining areas. The main-level primary suite features a walk-in closet and private bath with double sinks and walk-in shower. Upstairs are four additional bedrooms, a full bath, convenient second-floor laundry and an impressive 17x15 loft-perfect for a family room, home office, playroom or study area. Enjoy the covered front porch, rear deck, manageable yard and detached garage, plus a basement for additional storage. With five above-grade bedrooms, flexible living spaces and virtually all-new systems and finishes, this home offers the benefits of extensive new construction without sacrificing the setting and character of an established neighborhood-all just minutes from downtown Indianapolis.

3550 E New York Street, Indianapolis

Listing courtesy of No Limit Real Estate, LLC.

9220 Allegro Drive, Indianapolis
$289,900
4 Beds ⋅ 3 Baths
Situated at 9220 Allegro DR in INDIANAPOLIS, IN, this 2001 single-family residence, encompassing 2029 square feet of meticulously updated living space, has undergone a comprehensive renovation, resulting in a thoroughly modernized interior that epitomizes contemporary living. The recently updated kitchen is appointed with stainless steel appliances, providing a functional and aesthetically pleasing environment for culinary pursuits. The living room serves as a central gathering space, enhanced by the presence of a fireplace, offering a focal point for comfort and ambiance. The property's two full bathrooms are thoughtfully designed, with one featuring a double vanity, underscoring a commitment to both utility and refined aesthetics. This traditional-style residence also includes a built-in garage for convenience and a welcoming porch, contributing to its inviting exterior. We invite you to discover the refined living experience offered by this exceptional property.

9220 Allegro Drive, Indianapolis

Listing courtesy of Stanifer & Associates Real Est.

6732 E 18th, Indianapolis
$205,000
3 Beds ⋅ 2 Baths
Move right into this well-maintained 3-bedroom, 1 1/2-bath ranch-style home. Experience the ease of main-level living, the oversized corner lot provides excellent curb appeal, extra privacy, and a wonderful fully fenced back yard space for outdoor entertaining. Recently finished full basement for extra living space and even a pool table included. Conveniently located with near highway access, hospital, parks and much more. Must see!!

6732 E 18th, Indianapolis

Listing courtesy of My Agent.

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