Active Open Sunday 07/26 1 PM-3 PM

316 S College Avenue

Indianapolis, IN 46202
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Bed 3

Bed

Bath 2

Bath

SqFt3,086

Sqft

Acres0.18

Acre(Lot)

A rare opportunity to own one of Downtown Indianapolis' earliest all-brick Italianate homes. Built in 1872 and located in the heart of the Fletcher Place Historic District, this remarkable residence has stood the test of time for more than 150 years. Originally built for successful southside businessman Henry Laut, who called it home until his passing in 1925, the property has been lovingly cared for by its current owners for the past 15 years. Rich with original character, this home is ready for its next chapter. Whether you choose to thoughtfully update and personalize it or simply appreciate its timeless charm as it is, the possibilities are endless-and the pricing reflects the opportunity. The spacious main level offers an inviting blend of historic details and everyday functionality, featuring the original front parlor (currently used as a family room), a generous living room, an elegant dining room, a well-appointed kitchen with a center island, and a full bath. Upstairs, you'll find three spacious bedrooms and a second full bath. Situated on an extraordinary lot stretching nearly 200 feet deep, the outdoor space is a true urban retreat. Enjoy evenings around the firepit, tinker in the storage shed, or take advantage of the oversized 1.5-car detached garage with an attached covered carport. The true bonus is the highly sought-after, income-producing carriage house apartment above the garage. This open-concept, studio-style space includes a full kitchen and full bath, making it ideal for guests, rental income, or a private home office or creative studio. Topping it all off is the spectacular private rooftop deck, where you can unwind while taking in sweeping views of the Downtown skyline. All of this is just steps from Fletcher Place's acclaimed restaurants, parks, coffee shops, entertainment, and cultural attractions, offering an exceptional opportunity to own a piece of Indianapolis history while enjoying one of the city's most vibrant neighborhoods

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Detail Ic Property Details

Property Type : Residential

Price : $550,000

AD Id : 88365609

MLS Id : MBR22116049

Beds : 3

Lot Size : 0.18 Acre

Living Area Size : 3,086

Year Built : 1872

Garage : 2

County : Marion

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Feature Features

  • Bedroom Information

    Total Bedroom: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 7 Has Basement: Yes

    Interior Features

    Ceiling Vaulted, Hardwood Floors, Kitchen Island, Pantry Appliances: Gas Cooktop, Dishwasher, Oven, Refrigerator, Gas Water Heater Laundry Features: Main Level
  • Flooring Information

    Construction Materials: Brick, Wood Siding
  • Heating & Cooling

    Heating: Zoned, Forced Air, Natural Gas Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1872
  • Exterior Features

    Fire Pit, Storage Shed Construction Materials: Brick, Wood Siding Foundation Details: Block, Brick/Mortar

  • Lot Information

    Lot Description: City Lot, Curbs, Sidewalks, Storm Sewer, Street Lights, Mature Trees Lot Square Feet: 7884 Lot Acres: 0.18

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Style: Italianate

  • Listing Price Information

    Original List Price:$550000

  • Tax Information

    Tax Lot: 5 Tax Legal Description: Rays Sub L5 Ol92 Tax Year: 2025 Parcel Number: 491112201010000101 Tax Exemption: Homestead Tax Exemption

  • Parking Information

    Carport, Detached

    Garage Information

    Has Garage: Yes Garage Space: 2 Garage SQFT: 432

  • Utility Information

    Water Source: Public
  • Location Information

    Subdivision: Fletcher Place City: Indianapolis Direction: GPS Friendly
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ByOwner last updated this listing 07/25/2026 @ 06:20

MLS: MIBOR #22116049 LISTED BY: Rob Measel, F.C. Tucker Company 317-686-0612 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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