School Town of Speedway Homes under $350,000

Welcome to the vibrant community of Speedway, Indiana, where the charm of small-town living meets the excitement of city life! Nestled in Marion County, Speedway is not just known for its iconic Indianapolis Motor Speedway but also for its exceptional educational opportunities provided by the School Town of Speedway.

The School Town of Speedway boasts a commitment to academic excellence, offering a range of programs designed to foster student growth and success. With dedicated educators and a strong sense of community, the schools here are focused on nurturing the potential of every student. Parents can rest easy knowing that their children are receiving a quality education in a supportive environment, making this area an ideal choice for families.

For those looking to settle down in Speedway, there’s great news! The real estate market offers a variety of charming homes priced under $350,000. Whether you’re a first-time homebuyer or looking to downsize, you’ll find an array of options that cater to diverse lifestyles. From cozy bungalows to spacious family homes, each property reflects the warmth and character of this welcoming community.

Living in Speedway means enjoying local parks, recreational activities, and a close-knit community atmosphere. With easy access to downtown Indianapolis, residents can enjoy the best of both worlds: a peaceful suburban lifestyle with the amenities of a bustling city just a stone’s throw away.

Explore the possibilities of calling Speedway home today, where quality education and affordable housing come together in perfect harmony!

Newest School Town of Speedway Homes under $350,000

$240,000

2 Beds ⋅ 1 Baths

Exceptional opportunity in Speedway for owner-occupants looking for a move-in ready home with no HOA! Situated on an expansive double corner lot, this all-limestone ranch offers over 1,500 sq ft of finished living space across the main level and finished basement with daylight windows. Step inside to a bright, inviting living room featuring original hardwood floors, flowing into a partially updated kitchen with tile flooring and backsplash. The finished basement provides a spacious second living area, plus dedicated laundry, mechanical, and storage rooms. Enjoy peace of mind with over $40K in recent improvements, including HVAC (2023), brand-new water heater with expansion tank, newer roof (7 years), radon mitigation system, water softener, sump pump with battery backup, garbage disposal, and fresh interior paint. All appliances convey, including washer/dryer and garage refrigerator! Outside, enjoy professionally landscaped grounds (2025) and two fully fenced outdoor spaces: a private concrete patio enclosed by 6-ft privacy fencing and an expansive grassy backyard. The oversized 2.5-car detached garage provides ample space for vehicles, storage, or a workshop. Fantastic location adjacent to the Peoria Eastern Rail Trail and within walking distance of the B&O Trail, Indianapolis Motor Speedway, and Main Street's shops and restaurants. Just 10 minutes to Downtown Indy and 15 minutes to the airport! Professionally deep-cleaned and move-in ready, this property is ready to go!

1828 N Lynhurst Drive, Indianapolis

Listing courtesy of Peter Stewart. Keller Williams Indpls Metro N

$284,900

3 Beds ⋅ 1 Baths

Don't miss this beautiful home on a large corner lot in Speedway. Nearly 1300 sq ft 3 bedroom ranch has been completely remodeled, offering a fresh beginning in a familiar setting. Enjoy a comfortable stair free living experience with its single story layout. Updates include new HVAC, water heater, interior and exterior doors, windows, interior and exterior painting, hardware, lighting, and electrical updates. The updated eat in kitchen is a culinary delight, featuring granite counters, new cabinets, and stainless steel appliances. Practicality meets convenience with an attached 2 car finished garage with epoxied floor. Sunny breezeway connects the garage to the home. This home is designed for ease and modern living with lots of storage. Ideal location for walking to Main St for dining and shopping or to the IMS for race festivities.

5101 W 22nd Street, Indianapolis

Listing courtesy of Morgan Lathery. Keller Williams Indy Metro Partners

$298,000

3 Beds ⋅ 2 Baths

Welcome home to this beautifully updated 3-Bedroom, 2-Bath property offering a long list of recent improvements and modern finishes. The home features a new roof, new siding, new garage door, new kitchen and new electrical panel, providing important upgrades for peace of mind. The remodeled kitchen is a standout, featuring all new extra tall wall cabinets, elegant quartz countertops, and new appliances - perfect for everyday living and entertaining. Both bathrooms have also been thoughtfully remodeled with fresh modern finishes. Downstairs, the dry basement had been refreshed with a new drop ceiling, new carpet, along with the remodeled second bath creating additional comfortable space. Downstairs has lots of extra built in storage cubbies. Located just 1/4 mile from the town park, this home combines convenience with a great setting. With extensive updates already completed, you can move in and enjoy without taking on a long list of projects.

1749 Christopher Lane, Indianapolis

Listing courtesy of Jessica Noel Kimbrell. Noel Sells Indy, LLC

$250,000

3 Beds ⋅ 2 Baths

Okay Speedway, this one is CUTE. This 3 bed, 2 bath home is just 2 miles from the Indianapolis Motor Speedway and everything Main Street has to offer. Inside you'll find original hardwood floors, tons of natural light, a charming eat-in kitchen and way more space than you'd expect. The finished basement gives you a second full bath, plenty of bonus space for movie nights, a home office, gym or whatever you need. Out back, the screened-in porch might just be the best part, perfect for morning coffee, summer nights and hanging out without getting eaten alive by mosquitoes. Add in a spacious backyard, attached garage, a roof less than ONE year old and an HVAC that's only two years old, there isn't anything you won't love. Cute, convenient and full of charm. Come see this one before somebody else calls it home!

1957 Clark Road, Indianapolis

Listing courtesy of Amanda Otero. @properties

$294,900

4 Beds ⋅ 2 Baths

Seller is offering $5,000 toward closing costs - Step into the timeless character of this 1958 tri-level home, offering a distinctive floor plan, 1.5 baths, with warmth, memories, and vintage charm, along with its comfortable feel - a home that has been loved and enjoyed through the years. This home is an opportunity to blend its nostalgic character with your own personal style. Situated on a spacious corner lot, the property features a two-car detached garage and fully fenced backyard. Tucked away outside is a charming hidden garden, creating a private retreat for relaxing, gardening, or entertaining. Inside, a cozy gas fireplace that provides a welcoming focal point and the perfect gathering place on cooler evenings. The kitchen celebrates original character that features a separate cooktop and built-in wall oven, the space reflects the thoughtful, functional design of the era. Its vintage appeal offers an opportunity to embrace the home's history and blend its retro charm with modern updates. Don't miss the opportunity to make this charming mid-century your own. With Its vintage character, distinctive architectural details, and plenty of possibilities, this well-loved home is ready for another chapter and a new owner to appreciate its timeless style. Conveniently located near the Indianapolis Motor Speedway, shopping, dining, and major roadways. This mid-century tri-level has been part of someone's story for years. Now it's ready for a new beginning. Are you the next chapter?

2758 Vinewood Drive, Indianapolis

Listing courtesy of Susan Schneider Forrest. United Real Estate Indpls

$215,000

2 Beds ⋅ 1 Baths

Discover the charm of single-story living at 2034 Gerrard AVE. Built in 1949, this inviting single-family residence offers a comfortable 881 square feet of living space, perfectly situated on a generous 6578 square foot lot. This property offers a unique opportunity to embrace a vibrant lifestyle. This residence features two well-proportioned bedrooms, providing comfortable personal retreats. The single full bathroom is thoughtfully designed for daily routines and is fresh with new floors, vanity, lighting and toilet. With its convenient single-story layout, this home offers effortless living. Imagine the possibilities for creating your ideal living environment within this delightful property. Peace of mind knowing your sewer line and AC are fairly new. Enjoy living within blooks of the Indianapolis Motor Speedway, Downtown Speedway, restaurants and shopping. Basement has freshly painted walls and is ready for you to finish and make your personal space. Schedule your private viewing today and begin envisioning your future here.

2034 Gerrard Avenue, Indianapolis

Listing courtesy of Tyce Carlson. eXp Realty LLC

$194,900

2 Beds ⋅ 1 Baths

Excellent investment opportunity with this home to make it yours however you wish. This amazing opportunity is sold AS-IS.

1662 Fisher Avenue, Indianapolis

Listing courtesy of Claire Sorrels. List With Ben, LLC

$254,900

2 Beds ⋅ 2 Baths

Don't miss this stunning Speedway bungalow! Step out your back gate and hop right onto the B&O Trail for a quick walk or bike ride to Main Street's vibrant dining and the Indianapolis Motor Speedway. This home is a true showstopper, featuring gorgeous hardwood floors, modern shiplap walls, and a beautifully updated kitchen with stainless steel appliances. The main level offers two comfortable bedrooms and a full updated bathroom. Downstairs, the basement features a second full bath and a versatile family room, that could be used as a 3rd bedroom. Just off the kitchen, relax in the sunroom boasting new thermal windows and a custom built-in banquet with table. Outside, enjoy a fenced backyard and a detached one-car garage. Incredible location, cozy charm, and moving-in ready. Schedule your showing today!

5025 W 12th Street, Indianapolis

Listing courtesy of Fletcher Daly. New Quantum Realty Group

$219,900

2 Beds ⋅ 1 Baths

Welcome home to 1719 Lynhurst Drive - an inviting 2-bed, 1-bath, single-family home just minutes from the Indianapolis Motor Speedway, shopping, dining, and all that Speedway has to offer! Surrounded by mature trees, this home offers the perfect opportunity to move right in while adding your own personal style over time. Enjoy premium finishes with a new kitchen remodel (2025) and a new bathroom remodel (2025). Inside, an open-concept layout and large windows create a bright, airy atmosphere that's ideal for everyday living and entertaining. The kitchen features updated wood cabinetry, newer appliances, and featured checkered tile. Just beyond, the kitchen area flows seamlessly to the back deck, creating the perfect space to enjoy morning coffee, unwind with a good book, or dine al fresco. The lower level features a spacious family room and a laundry room, offering additional storage or additional living space. A detached one-car garage and access to downtown provide added convenience. This home offers exceptional value in a highly desirable location!

1719 N Lynhurst Drive, Indianapolis

Listing courtesy of Emerson Nehring. CrestPoint Real Estate

$259,900

3 Beds ⋅ 2 Baths

Welcome home to this well maintained 3-bedroom, 2-bath home offering a comfortable layout with thoughtful updates throughout. A brand new roof and decking were just installed, giving the next owner true peace of mind from day one. The beautifully updated kitchen serves as the heart of the home, featuring modern finishes that blend style and functionality, while the newer flooring adds a fresh, inviting feel to the main living spaces. Spacious living areas and generously sized bedrooms provide plenty of room to relax or entertain. Step outside to enjoy the fully fenced backyard, perfect for pets, play, or relaxing, with the added convenience of an attached garage.

5803 Elaine Street, Indianapolis

Listing courtesy of Mia Schulte. eXp Realty LLC

$245,000

2 Beds ⋅ 2 Baths

MAJOR PRICE IMPROVEMENT!!!! NOW $259,900 - Previously $270,000! The trustees are ready to see this home SOLD and have made over a $10,000 price improvement! Step into comfort and charm with this beautifully maintained 2 bedroom, 2 full bath home situated on a large lot with plenty of room to enjoy both inside and out! This nicely landscaped property offers wonderful curb appeal and features a spacious full basement providing endless possibilities for storage, a workshop, recreation area, or additional living space. Car enthusiasts and hobbyists will appreciate the detached 2-car garage along with an additional 1-car attached garage for extra convenience. The home offers a warm and inviting atmosphere with a functional layout perfect for everyday living or entertaining. Enjoy peaceful outdoor spaces, mature landscaping, and plenty of yard space to relax or host gatherings. This property combines comfort, practicality, and charm all in one beautiful setting!

1112 N Lynhurst Drive, Indianapolis

Listing courtesy of Kimberly Brennan. New Start Home Realty, LLC

$229,000

3 Beds ⋅ 2 Baths

Welcome to your Speedway retreat-where everyday comfort meets rare privacy on an oversized lot. Move-in ready with 2021 updates (roof, windows, electrical, fencing), this all-brick ranch invites you to gather around the fireplace, host friends on the spacious patio, or unwind in sunlit open living spaces that flow seamlessly outdoors. With three flexible bedrooms, a modern kitchen, and an attached two-car garage, this home adapts to your needs-work, rest, and play-all just moments from Speedway's top schools and parks. Step inside and discover the perfect blend of convenience, value, and easy living. Schedule your showing and experience the space that stands out from ordinary.

5802 Elaine Street, Speedway

Listing courtesy of Loren Long. CENTURY 21 Scheetz

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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.