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Luxury Keys
1501 Fletcher Avenue, Indianapolis, IN 46203
- $200,000
- 8
- BD
- 4
- BA
- 3,946
- SqFt
- Sold Price
- $200,000
- List Price
- $125,000
- Closing Date
- Nov 04, 2025
- MLS#
- 22066251
- Property Type
- Residential
- Bedrooms
- 8
- Bathrooms
- 4
- Sqft. of Residence
- 3,946
- Year Built
- 1890
- Days on Market
- 31
- Status
- SOLD
Property Description
If ever there was a worthy renovation project, this is it! Originally built as a grand single-family home (or so we believe), 1501 Fletcher Ave was converted into a 4-unit apartment building at some point in the 30s or 40s. Time has been hard on her, and she has been empty for many decades, but that doesn't mean she can't have a bright future! Just look to her left & right to see the revitalization of Fletcher Ave, at the heart of Fountain Square. If you'll stroll the street, you can imagine what she can be again, surrounded by new and restored homes in the $500k range. She wants to be one of those! She longs for the pitter patter of little feet in her nearly 4000sf. She craves a flower garden in the huge back yard and ferns hanging on the porch, perhaps with a big, old dog sleeping on his watch. She waits to host a new owner on the upper balcony, waiving to the neighbors on a Sunday afternoon. Have you got the vision, the passion, the patience and the means to craft this story? It will be well worth it! Right now, as best we can tell, she is broken up into 4 apartments, each with 2 bedrooms, a living room, kitchen & bath. She does need everything - starting with a gut job to figure out her original floor plan. She appears structurally sound, all the floors are level, the ceilings are high, original doorways and trim remain. She can be beautiful; and at the entry price, there is definitely upside for the investment, but this is no small weekend warrior project. ** SELLER WILL RECEIVE OFFERS UNTIL NOON ON 10/7/2025 & WILL RESPOND BY 7PM SAME DAY **
Additional Information
- Basement
- Cellar, Unfinished
- Foundation
- Block, Crawl Space
- Number of Fireplaces
- 1
- Fireplace Description
- Wood Burning
- Stories
- Two
- Architecture
- Traditional, Victorian
- Interior
- Entrance Foyer
- Acres
- 0.10
- Heat
- None, Natural Gas
- Cooling
- None
- Financing
- FHA 203(k)
- Appliances
- None
- Region
- Center
- Areas
- Bedroom Other on Main
- Eating Areas
- Formal Dining Room
Listing courtesy of Jennifer Blandford. Carpenter, REALTORS®
Selling Office: Keller Williams Indy Metro S.How much is your home worth?
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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.