304 W Hanna Avenue
Indianapolis, IN 46217
3
Bed
3
Bath
2,288Sqft
2Acres(Lot)
Investor Special - Exceptional Value-Add Opportunity. Rarely does a canvas this expansive hit the market at this price point. Situated on a sprawling 2-acre lot in Indianapolis, 304 W Hanna Ave is the kind of acquisition that separates seasoned investors from the rest - a full-renovation opportunity with multiple income streams already baked into the bones of the property. The main residence offers 3 bedrooms and 1 full bathroom, with a full unfinished basement, providing the square footage and layout flexibility to reposition as a premium rental, a high-margin flip, or a long-term hold. The converted garage has already been transformed into a self-contained apartment living area, setting the stage for immediate rental income potential once renovations are complete - a built-in ADU play th
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 3Bathroom Information
Total Baths: 3 Full Baths: 3Room Information
Rooms Total: 9 Has Basement: YesInterior Features
Hardwood Floors Appliances: Dryer, Gas Water Heater, Gas Oven, Range Hood, Washer Laundry Features: In Basement -
Flooring Information
Construction Materials: Vinyl Siding -
Heating & Cooling
Heating: Baseboard, Forced Air Cooling: Central Air WaterSource: Public
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Building Information
Year Built: 1910 -
Exterior Features
Barn Mini, Storage Construction Materials: Vinyl Siding Foundation Details: Block
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Lot Information
Lot Description: Mature Trees Lot Square Feet: 87120 Lot Acres: 2Property Information
Property Type: Residential Sub Type: Single Family Residence Style: Traditional
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Listing Price Information
Original List Price:$257000
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Tax Information
Tax Lot: 49-11-26-102-109.000-500 Tax Legal Description: Pt Se1/4 Se1/4 S26 T15 R3 Beg Sw Cor N 655.8Ft E133ft S 655.8Ft W 133Ft To Beg 2Ac Tax Year: 2025 Parcel Number: 491126102109000500 Tax Exemption: Homestead Tax Exemption
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Parking Information
Asphalt
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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 |
|---|---|---|---|---|---|
| 26 W Hill Valley Drive, Indianapolis, IN, 46217 | $299,900 | 4 | 2 | 2,432 | 2,432 SqFt |
| 8203 Laura Lynne Lane, Indianapolis, IN, 46217 | $280,000 | 3 | 2 | 2,236 | 2,236 SqFt |
| 7625 Orchard Village Dr.., Indianapolis, IN, 46217 | $184,900 | 2 | 2 | 864 | 864 SqFt |
| 115 Jordan Road, Indianapolis, IN, 46217 | $1,250,000 | 4 | 5 | 5,978 | 5,978 SqFt |
| 8437 Lockwood Lane, Indianapolis, IN, 46217 | $303,900 | 4 | 2 | 1,680 | 1,680 SqFt |
| 8612 Lockwood Place, Indianapolis, IN, 46217 | $349,900 | 3 | 3 | 1,844 | 1,844 SqFt |
| 7210 Chimney Rock Court, Indianapolis, IN, 46217 | $267,500 | 3 | 2 | 1,584 | 1,584 SqFt |
| 420 Kindig Road, Indianapolis, IN, 46217 | $230,000 | 3 | 2 | 1,256 | 1,256 SqFt |
| 436 W Mcgregor Road, Indianapolis, IN, 46217 | $264,000 | 3 | 2 | 1,620 | 1,620 SqFt |
| 7109 Chandler Drive, Indianapolis, IN, 46217 | $221,000 | 3 | 1 | 960 | 960 SqFt |
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ByOwner last updated this listing 06/21/2026 @ 06:20
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