1502 S Arlington Avenue
Indianapolis, IN 46203
4
Bed
3
Bath
2,599Sqft
0.59Acre(Lot)
Rare investment opportunity at 1502 S Arlington Ave offering an incredibly unique setup with massive income-producing potential and flexibility that is nearly impossible to find in today's market. This property is far more than a standard single-family home! It includes a main residence, an additional apartment, and a detached garage with finished living space above, creating multiple opportunities for strong rental income and creative investment strategies all on one property. Whether you're an experienced investor looking to expand your portfolio, a first-time buyer interested in house hacking, or someone searching for a property with long-term upside and versatility, this one delivers options that very few properties can match. The layout opens the door for multiple streams of income th
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 4Bathroom Information
Total Baths: 3 Full Baths: 2 Half Baths: 1Room Information
Rooms Total: 8 Has Basement: YesInterior Features
Kitchen Island, Paddle Fan, Hardwood Floors, Eat-in Kitchen Appliances: Dishwasher, Gas Water Heater, Gas Oven, Range Hood, Refrigerator -
Flooring Information
Construction Materials: Vinyl Siding -
Heating & Cooling
Heating: Forced Air, Natural Gas Cooling: Central Air WaterSource: Public
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Building Information
Year Built: 1940
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Lot Information
Lot Square Feet: 25700 Lot Acres: 0.59Property Information
Property Type: Residential Sub Type: Single Family Residence Style: Traditional
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Listing Price Information
Original List Price:$299990
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Tax Information
Tax Lot: 0 Tax Legal Description: 129.5Ft E Line X 200Ft Beg 392 Ft S Of N E Corse1-4 Ne1-4 S15 T15 R4 .59Ac Tax Year: 2024 Parcel Number: 491015132006000700 Tax Exemption: Homestead Tax Exemption
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Virtual Tour
Parking Information
DetachedGarage Information
Has Garage: Yes Garage Space: 3 Garage SQFT: 864
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School Information
Elementary School: Lowell Elementary School Senior High School: Warren Central High School -
Utility Information
Water Source: Public -
Location Information
Subdivision: No Subdivision City: Indianapolis Direction: GPS Friendly
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6435 Birds Eye Drive, Indianapolis, IN, 46203 | $232,500 | 3 | 2 | 1,249 | 1,249 SqFt |
| 6330 E Raymond Street, Indianapolis, IN, 46203 | $220,000 | 4 | 1 | 1,562 | 1,562 SqFt |
| 2928 S Kenmore Road, Indianapolis, IN, 46203 | $224,900 | 3 | 2 | 1,056 | 1,056 SqFt |
| 3015 Cassara Drive, Indianapolis, IN, 46203 | $339,900 | 4 | 3 | 2,919 | 2,919 SqFt |
| 3424 Pavetto Lane, Indianapolis, IN, 46203 | $264,900 | 3 | 3 | 2,334 | 2,334 SqFt |
| 2350 S Sheridan Avenue, Indianapolis, IN, 46203 | $226,000 | 3 | 2 | 1,479 | 1,479 SqFt |
| 2747 Foxbriar Place, Indianapolis, IN, 46203 | $269,900 | 4 | 2 | 1,840 | 1,840 SqFt |
| 2928 S Arlington Avenue, Indianapolis, IN, 46203 | $249,000 | 2 | 2 | 1,488 | 1,488 SqFt |
| 1731 S Arlington Avenue, Indianapolis, IN, 46203 | $245,000 | 3 | 2 | 2,280 | 2,280 SqFt |
| 2445 S Bolton Avenue, Indianapolis, IN, 46203 | $224,900 | 3 | 1 | 2,790 | 2,790 SqFt |
Similar Homes To 1502 S Arlington Avenue
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ByOwner last updated this listing 06/16/2026 @ 18:20
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