Indianapolis Public Schools Homes with Walk-Out Access Basement

Indianapolis Public Schools Homes with Walk-Out Access Basement

Welcome to the vibrant heart of Indianapolis, where the charm of urban living meets the allure of suburban comfort! If you're considering a move to this dynamic city, you'll be pleased to know that the area is served by the renowned Indianapolis Public Schools (IPS) district. With a commitment to educational excellence, IPS offers a diverse range of programs and resources designed to meet the needs of every student. From innovative STEM initiatives to arts and humanities education, families can feel confident that their children will receive a well-rounded education in a supportive environment.

As you explore the housing options in this thriving community, you’ll find an array of homes featuring walk-out access basements—a perfect blend of functionality and style. These unique spaces provide seamless transitions between indoor and outdoor living, ideal for hosting gatherings, creating a home office, or simply enjoying a quiet evening with family. Imagine stepping out into your backyard from your beautifully finished basement, where you can relax under the stars or entertain friends during summer barbecues.

Located in Marion County, Indianapolis is not just about great schools and beautiful homes; it’s a city rich in culture, entertainment, and recreational opportunities. Whether you’re exploring the bustling downtown, enjoying the scenic parks, or indulging in the local culinary scene, there's something for everyone here.

Choosing a home in Indianapolis means embracing a lifestyle of convenience, community, and connection. Let us help you find the perfect property with a walk-out access basement, where your family's next chapter can unfold in style!

Newest Indianapolis Public Schools Homes with Walk-Out Access Basement

Rare investment opportunity in the Near Northside/Fall Creek Place corridor: a 1913 Craftsman fourplex with four legal units and 10 bedrooms across approximately 6,400 SF, already operating as a hybrid short-term rental and long-term primary residence with a potential cap rate approaching 9-10%. The main floor and full basement (7 bedrooms) run as an established, Superhost-rated Airbnb with a proven booking history - seller is offering a 3-6 month co-hosting transition so a buyer inherits the reviews and ranking rather than starting from zero. The upper floor is a spacious 3BD/2BA suite currently owner occupied. Original inlaid hardwood floors, tiled fireplaces, and custom millwork throughout, plus an original tile roof with a matching surplus of spare tiles included. Recent updates: full exterior repaint, all ~75 original windows and storm windows repaired, 2024 condenser replacement, HVAC service plans maintained on both systems, newer water heater/softener. Electric separately metered per unit. Off-street parking on two street frontages plus a one-car garage. Sold furnished, with the active short-term rental operation available to convey for a true turnkey opportunity. Buyer may also have the option to assume the seller's existing financing balance of 375k at 3% - a rate well below today's market - ask listing agent for details. Occupied; please do not disturb. Showings by appointment only.

37 W Fall Creek Parkway South Drive, Indianapolis

Listing courtesy of Liz Foley Real Estate, Inc..

4 Beds ⋅ 3 Baths

Classic limestone elegance meets effortless one-level living in this sprawling ranch, beautifully situated on a meticulously landscaped lot with a private backyard and expansive patio in Meridian Kessler. Impeccably maintained, the home showcases pristine hardwood floors, abundant closet space and generous living areas throughout. The main level offers a welcoming den/office, a spacious primary suite, and an additional ensuite bedroom for comfortable everyday living. Two gas fireplaces add warmth and character to the inviting living spaces. The updated kitchen is designed for both everyday living and entertaining, featuring a large center island, eat-in bar and ample workspace. The walkout lower level expands the possibilities with two additional bedrooms, each offering double closets, plus a full bath and tremendous storage. An expansive unfinished area provides exceptional potential for a recreation room, home gym, office or additional living space. With an abundance of storage, flexible living areas and an enviable private setting, this timeless limestone ranch offers the perfect blend of classic character, thoughtful updates and exceptional livability.

5670 N Meridian Street, Indianapolis

Listing courtesy of F.C. Tucker Company.

* 8 Unit Apartment Building * Fully renovated in 2021 (plumbing, electrical, kitchens, baths, roofing) and just 1 mile from IU Health's $4.3B downtown hospital campus, this 8-unit Indianapolis multifamily offers a diversified rent roll - 7 leased units plus a flexible Airbnb unit (more than 90% occupancy). TTM income of $88,720 delivers a 6.61% cap rate on NOI, backed by real owner disbursement history. Lean expenses. A rare, stabilized income property priced to perform, steps from one of the largest development projects in the city!

2442 N Illinois Street, Indianapolis

Listing courtesy of @properties.

2 Beds ⋅ 2 Baths

Great end-unit condo just out of the heart of downtown! Listed in the National Historic Registry! This historic, brick row house features two bedrooms plus a basement bonus room, living room, large dining room and an updated kitchen. All appliances are included. Kitchen flows into a dining area that could even be split into an eat-in area and an office. Mounted tv in living room stays. Fireplace is just decorative. Two nice sized bedrooms upstairs with a 2nd bathroom and stack washer/dryer. Basement room could be converted into more living space, flex space or workout area. TWO designated parking bays in underground garage with electronic code. Accessible by a nice new concrete drive. There's a door on the lower basement level that goes right into the garage. Making this a great parking location for all weather conditions. Convenient location with easy access to interstates and public transportation and is adjacent to the new multi-billion dollar IU Health Methodist Hospital expansion. Close to the Stutz Center and Downtown Canal Walk. Work or play at Lucas Oil Stadium or Gainbridge Fieldhouse? This is your place! Many other opportunities are also a short walk or bike ride. Bike lines are accessible on Illinois Street. Urban professionals will love this location as would roommates to the many downtown medical facilities or schools. Two miles from the Children's Museum.

1486 N Illinois Street, Indianapolis

Listing courtesy of PMI Indianapolis.

Don't miss this Investor opportunity! This duplex features two separate 3-bedroom, one-bathroom units, each with its own private entrance, living area, kitchen, 3 upper level bedrooms, and a full bathroom. The basement has a full bath on each side as well. This property offers a practical layout and the flexibility to rent both units, occupy one side while leasing the other, or add it to an existing rental portfolio. Property being sold As is.

3826 E Michigan Street, Indianapolis

Listing courtesy of Canon Real Estate Services LLC.

4 Beds ⋅ 4 Baths

Own a piece of Indianapolis history directly across from one of the city's oldest urban bird preserves! This exceptional Tudor Revival in historic Watson Park offers 4 bedrooms, 4 baths, and approximately 4,824 sq. ft. on a beautiful 0.32-acre lot. Built in 1928, this distinctive home sits directly across from the Watson Road Bird Preserve, a four-acre natural oasis established in 1925 and part of the Indy Birding Trail. Inside, timeless craftsmanship shines through with original hardwood floors, built-ins, leaded-glass windows, crown molding, and multiple fireplaces. The spacious living room opens to a charming three-season room, while the formal dining room is ideal for entertaining. The kitchen features quartz countertops and a breakfast nook. An expansive great room offers skylights, an antique cast-iron stove, and access to the veranda and oversized patio. The spacious primary suite includes a dressing room and beautifully renovated bath. Additional bedrooms provide flexibility for guests, office space, or other needs. The finished walk-up basement adds exceptional versatility with a second kitchen, laundry area, family room, fireplace, and additional finished space-perfect for entertaining or multi-generational living. Recent updates include a NEW boiler system, NEW water heater, and NEW AC unit. Outside, enjoy the fenced backyard, mature trees, covered and open patios, and generous outdoor entertaining space. Attached 2-car garage provides convenient parking and storage. The Watson-McCord neighborhood was thoughtfully designed around natural green spaces, making this property a rare opportunity to enjoy historic architecture, protected nature, and modern updates in one unique setting. A truly special Indianapolis home that must be seen to be appreciated! Ring Camera system and parlor stove do not convey with property.

3763 Watson Road, Indianapolis

Listing courtesy of Epique Inc.

4 Beds ⋅ 2 Baths

Welcome to 3540 Adams Street! NOW FHA Eligible!!!!!! This beautifully updated 4-bedroom, 2-full-bath home offers 2,080 square feet of living space and an impressive list of recent improvements. From the moment you step inside, you'll appreciate the thoughtful updates and attention to detail throughout. The home features a brand-new roof installed in 2026, along with new energy-efficient windows throughout the home. Both bathrooms have been completely remodeled with new vanities, touch-controlled mirrors, and beautifully updated marble showers. The kitchen has also been refreshed with new cabinets, a new range hood, and updated light fixtures. Additional improvements include all-new interior doors, remote-control ceiling fans in each upstairs bedroom, new LVP flooring throughout the upstairs, and new carpet in all three upstairs bedrooms. The electrical system has been rewired and secured, providing added peace of mind for the next homeowner. The HVAC system and ductwork have been professionally cleaned and serviced, including the HVAC and AC, and the system continues to operate efficiently. A new dryer exhaust window has also been installed in the laundry area. Outside, enjoy a brand-new backyard fence, creating a great private space for entertaining, pets, or relaxing. The downstairs flooring has also received a durable Rust-Oleum floor treatment. With major updates already completed-including the roof, windows, bathrooms, kitchen improvements, electrical, flooring, and fencing-this home offers an incredible opportunity to move in and enjoy without the stress of taking on major projects. Come see all that 3540 Adams Street has to offer!

3540 Adams Street, Indianapolis

Listing courtesy of eXp Realty, LLC.

3 Beds ⋅ 3 Baths

Beautifully updated mid-century home set on an expansive .56-acre wooded lot in Devon Woods, offering an exceptional combination of architectural character, privacy, and generous living space. Inside, original details blend seamlessly with thoughtful updates, including the striking sandstone wall and fireplace that create a distinctive focal point. The chef-inspired kitchen features quartz countertops, solid maple cabinetry, custom tile backsplash, filtered drinking tap, quality appliances, and elegant Italian porcelain flooring. Spacious living areas and abundant natural light make the home equally suited for everyday living and entertaining. The finished lower level with a separate exterior entrance adds tremendous flexibility for guests, recreation, a home office, or extended living space. Outside, mature trees and the oversized lot create a peaceful, park-like setting with plenty of room for entertaining, gardening, or simply enjoying the surroundings. Conveniently located near Fall Creek Trail, Broad Ripple Village, parks, dining, and downtown Indianapolis, this distinctive home offers the space and setting that are increasingly difficult to find.

3735 Cheviot Place, Indianapolis

Listing courtesy of F.C. Tucker Company.

4 Beds ⋅ 2 Baths

Imagine ending your day at your own waterfront retreat! This amazing, custom-built Cape Cod home is located on a large pond, yet it is just 10 minutes from downtown, nestled in an obscure, peaceful pocket near Garfield Park. Fully remodeled and featuring 2,600 finished SF, this 4 bed, 2 bath home with a full, finished walkout basement offers the perfect blend of modern luxury & everyday escape. The home has been thoughtfully remodeled from top to bottom, along with important updates, like a new HVAC and new water heater. The stunning kitchen features quartz countertops w/ bar seating, new SS appliances, new cabinetry & an inviting breakfast nook w/ built-in seating & a table. The formal living room on the main level is airy w/ tons of natural sunlight & dramatic vaulted ceilings. You'll appreciate the neutral paint throughout and the consistent LVP flooring throughout the entire home. The spacious walkout basement feels like a cozy cabin retreat with its wood-lined walls, gas fireplace, & walk-out access to the yard, creating an inviting space for entertaining, movie nights, or simply unwinding after a long day. There is also a large rec room, two HUGE finished storage rooms w/ built-in shelving, & a bonus room w/ large closets that could be a fourth bedroom, office, playroom or gym. The private primary suite is a true sanctuary w/ a walk-in closet and an ensuite bathroom featuring a designer tiled shower & a stylish new vanity. The two additional bedrooms on the main level feature generous closets and share a tastefully renovated 2nd full bathroom. The spectacular new multi-level deck maximizes the breathtaking waterfront views & offers multiple outdoor living/entertaining areas, plus everyone can enjoy having a fully fenced, private backyard.

411 Gimber Court, Indianapolis

Listing courtesy of Highgarden Real Estate.

3 Beds ⋅ 3 Baths

This stunning 3-bedroom, 3-full-bathroom ranch with a finished basement offers the perfect blend of central convenience and peaceful retreat. Step inside to find vinyl plank flooring throughout the entire home. All Kitchen appliances plus washer/ dryer included. All windows, roof and gutters updated in 2020. Walk-out basement with full bathroom and plenty of storage space. Primary bedroom includes a walk in closet and walk in shower. Step out back to experience your own private oasis: a beautiful pond view that you can enjoy from either the freshly painted upper deck or the lower patio. Whether you're hosting a summer barbecue or sipping your morning coffee, the scenic backdrop is unmatched. Centrally located and just minutes from the new bike and walking trails, golf course, Riverside Park and Marion University. This home offers the lifestyle you've been searching for. Schedule your tour today.

3127 N White River Parkway East Drive, Indianapolis

Listing courtesy of Compass Indiana, LLC.

3 Beds ⋅ 2 Baths

Located in the heart of the Butler University area, this charming 3-bedroom, 2-bath home offers character, functionality, and an unbeatable location just steps from Hinkle Fieldhouse and only blocks from Butler University. Inside, you'll find beautiful hardwood floors, arched doorways, and an inviting floor plan filled with natural light. The living room features a classic brick wood-burning fireplace, creating a warm and welcoming gathering space. The kitchen is designed for everyday living and entertaining with a center island, ample cabinetry, stainless steel appliances, and plenty of workspace. The main level includes a spacious primary bedroom, an additional bedroom, and a full bathroom. The finished basement expands the living space with a third bedroom, second full bathroom, laundry area, and more storage areas! Outside, enjoy a private backyard complete with a paver patio, fire pit, and plenty of room for entertaining, gardening, or relaxing. The oversized two-car garage and additional off-street parking provide a rare convenience in this highly desirable neighborhood. Whether you're looking for a home near Butler University, a convenient Indianapolis location, or a property with character and usable living space, this home offers a unique opportunity in one of the city's most sought-after areas.

4833 Hinesley Avenue, Indianapolis

Listing courtesy of Real Broker, LLC.

3 Beds ⋅ 3 Baths

Nestled within the prestigious, gated Windridge community on Indianapolis's northeast side, this exceptional single-level ranch condominium with a finished walkout basement delivers the best of both worlds-the space, privacy, attached garage, and indoor-outdoor living of a single-family home without the maintenance and responsibilities of traditional homeownership. The HOA covers water, sewer, roofs, exterior maintenance, landscaping, and snow removal, giving you more time to enjoy the home and its surroundings. Spread across 72 lush acres bordering Fall Creek, Windridge is known for its mature "Brown County" forest views, wooded ravines, and abundant wildlife, creating a peaceful retreat just 20 minutes from downtown Indy and within 15 minutes of Broad Ripple, Castleton, Geist, and more. Inside, the main level features real hardwood floors in the foyer and spacious kitchen, a massive living room with a fireplace, and two sliding doors opening to a large deck overlooking private woods and ravine. The main-floor primary suite includes a walk-in closet and en-suite bath, while a second bedroom and full bath with an updated tiled shower complete the level. The walkout basement expands the living space with a large family room, second brick fireplace, built-ins, third bedroom, third full bath, and lower patio. Complete with an attached two-car garage and included appliances, this solid, well-maintained home is move-in ready while offering the perfect opportunity to update it to your personal style.

5225 Whisperwood Lane, Indianapolis

Listing courtesy of Keller Williams Indpls Metro N.

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