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501 E Markwood Avenue, Indianapolis, IN 46227

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
501 E Markwood Avenue,Indianapolis, IN 46227
$449,000
  • 2 Beds
  • 4 Baths
  • 3,949 sq. ft.
  • Single family
  • Active
Listed by: virender kumar
Office: united real estate indpls
MLS#:22107644
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$449,000
  • Price per sq. ft.:$101.79

About this home

Property Highlights: Asking Price: $449,000 Location: 501 E. Markwood Ave, Indianapolis, IN Commercial Zoning with redevelopment and mixed-use potential Income-producing apartment building 12 asphalt parking spaces providing ample on-site parking for tenants and visitors Convenient access to major highways, downtown Indianapolis, shopping, restaurants, and public transportation Strong opportunity for investors seeking stable cash flow and long-term appreciation This property is ideal for investors looking to add a versatile, income-generating asset to their portfolio while benefiting from the flexibility of commercial zoning and generous on-site parking. Don't miss this opportunity to invest in one of Indianapolis' growing neighborhoods.

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Home facts

  • Year built:1936
  • Subdivision & Development:Homedell
  • Listing ID #:22107644
  • Added:81 day(s) ago
  • Updated:September 13, 2026 at 03:01 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Hardwood Floors
  • Kitchen Description:Dishwasher, Refrigerator
  • Basement:Yes
  • Basement Description:Basement
  • Living area:3,949 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1936
  • Building area:3,949 sq. ft.
  • Lot area:0.26 Acres
  • Construction Materials:Cedar
  • Foundation Description:Block, Crawl Space

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$449,000
  • Price per sq. ft.:$101.79

Features and amenities

  • Appliances:Refrigerator
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