Indianapolis Homes under $400,000

Indianapolis Homes under $400,000

Welcome to Indianapolis, the vibrant capital city of Indiana, nestled in the heart of Marion County. Known for its rich history, diverse culture, and welcoming community, Indianapolis offers an exceptional quality of life for residents and visitors alike. With a perfect blend of urban excitement and suburban charm, this city is a fantastic place to call home.

Indianapolis is celebrated for its iconic landmarks, including the Indianapolis Motor Speedway, home of the famous Indy 500, and the stunning White River State Park, which provides ample opportunities for outdoor recreation. The city's thriving arts scene, featuring world-class museums, theaters, and galleries, ensures that there’s always something to explore. Additionally, the culinary landscape is as diverse as its residents, with an array of restaurants showcasing local flavors and international cuisine.

For those looking to settle down in this dynamic city, there are numerous homes available under $400,000. Whether you’re seeking a charming bungalow in a historic neighborhood, a modern townhouse in a bustling area, or a spacious family home in a suburban enclave, Indianapolis has something to fit every lifestyle and budget. With competitive pricing and a variety of options, first-time homebuyers and seasoned investors alike will find the perfect property to suit their needs.

As you consider making Indianapolis your home, you'll discover that this city is not just a place to live, but a community to thrive in. Embrace the opportunity to create lasting memories in a city that truly has it all!

Newest Indianapolis Homes under $400,000

830 N Temple Avenue, Indianapolis
$350,000
3 Beds ⋅ 2 Baths
Welcome home to this charming and beautifully updated 3 bedroom, 2 full bath home on the near eastside. Close to every amenity Indy has to offer. Just a few minutes from downtown. Home has been completely remodeled and with all new mechanicals. The kitchen has gorgeous quartz countertops, new cabinets and a stainless steel appliance package "not pictured". Complete interior paint, vinyl plank flooring and tiled bathroom floors and showers make this home completely move in ready. Full bathroom in the primary on the main level. The spacious loft upstairs provides excellent flex space. Enjoy beautiful sunsets from the fully fenced private back yard overlooking the western sky. Home comes with a 1 year home warranty. Come see this home now.

830 N Temple Avenue, Indianapolis

Listing courtesy of eXp Realty LLC.

1124 N Sheffield Avenue, Indianapolis
$115,000
2 Beds ⋅ 1 Baths
Discover a charming piece of Indianapolis history at 1124 N Sheffield AVE, a single-family residence built in 1920. This 1,040-square-foot home offers a unique opportunity to embrace a timeless lifestyle. Enclosed porch feature great for morning coffee or afternoon tea time. With two comfortable bedrooms and original hardwood floors, this home provides versatile living arrangements. The single full bathroom is thoughtfully designed for everyday convenience. This single-story residence sits on a generous 5532-square-foot lot, offering ample outdoor space for your personal vision. Embrace the opportunity to create your ideal living experience in this distinctive property; schedule your private viewing today. Windows and Siding within the last 4-5 years Across from popular Allegiant Preparatory Academy! Property sold as-is; please attach As-Is Addendum with all offers!

1124 N Sheffield Avenue, Indianapolis

Listing courtesy of B & K Realty, Inc.

8030 Cole Wood Boulevard, Indianapolis
$325,000
3 Beds ⋅ 3 Baths
Amazing 4000+ sqft, 3 bed | 2.5 baths, full Basement home on Indy's near South East side! Living room, family room, dining room, kitchen, office & bath all on main level. Office could easily be converted to 4th bedroom. Large primary en-suite with garden tub, separate shower, double sinks, and a walk in closet. 25'x20' loft on 2nd floor as well. Spacious utility room, multiple closets for storage. Large deck in back yard with pond view. This home needs minor cosmetic TLC. Fresh coat of paint, small drywall repairs, and a blank canvas with the unfinished basement! Security system and camera doorbell included!

8030 Cole Wood Boulevard, Indianapolis

Listing courtesy of Keller Williams Indy Metro NE.

4863 N Katherine Drive, Indianapolis
$185,000
3 Beds ⋅ 2 Baths
** Seller willing to contribute towards Buyers closing costs!** Welcome home to this beautifully updated 3-bedroom, 1.5-bath home offering a fresh, move-in-ready feel throughout. Thoughtful improvements make this property a great option for a first-time buyer, downsizer, or anyone looking for a home where much of the updating has already been done. Inside, you'll find fresh paint, new flooring, and updated kitchen cabinetry that give the home a clean and refreshed look. The bathrooms have also been improved with a new vanity, adding to the modern feel of the space. Major updates include a new AC/HVAC system and a new garage door, offering added peace of mind for the next owner. ** To make the opportunity even better, the seller is offering $2,000 toward the buyer's closing costs! ** With its manageable layout, numerous updates, and valuable seller incentive, this home is ready for its next chapter. Schedule your showing and come see everything it has to offer!

4863 N Katherine Drive, Indianapolis

Listing courtesy of 1 Percent Lists Indiana Real Estate.

4607 Marshall Drive, Indianapolis
$225,000
2 Beds ⋅ 2 Baths
Come take a look at this wonderfully maintained property in Crystal Lakes. Built in 2002, this 1119 square foot home offers a perfect blend of modern comfort and effortless living, designed for those who appreciate a thoughtfully laid out open plan space. This inviting single-story home features two comfortable bedrooms with en-suite in the primary bedroom and walk in closets, providing ample personal space. The two full bathrooms are well-appointed. Laundry room with garage access. Fully fenced in backyard perfect for pets and children with covered concrete porch. Welcoming neighborhood environment for both relaxation and everyday life. We invite you to experience the charm and functionality of this exceptional property. The roof is 2 years old. Wednesday is trash day. Utilities are electric AES, gas/water/sewer Citizens energy, cable Xfinity.

4607 Marshall Drive, Indianapolis

Listing courtesy of Tomorrow Realty, Inc..

4267 Indian Pipe Trace, Indianapolis
$149,500
4 Beds ⋅ 3 Baths
Park like setting in The Timbers with the wooded lot right out your living room. This rare 4 bedroom 3 full bath home with a basement offers a ready-to-move-in condition across its three stories, promising a seamless transition to your new lifestyle. All recently updated The kitchen is equipped with stainless steel appliances, providing a functional space for culinary pursuits. Solid surface new counter tops waiting to be used. The serving window opens to the dining area, large enough for family dinners. The dining area opens into the living room which serves as a central gathering point, featuring a fireplace that adds warmth and ambiance, complemented by high and vaulted ceilings that enhance the sense of openness. A bedroom on the main floor is a special feature. On the second floor the main bath offers a walk-in shower, designed for convenience and ease of use. Totally updated. The primary bedroom offers a walk in closet and a tub-shower combination. The basement has bedroom 4 with extra space for an office overlooking the wooded area behind the home. The basement has an open area for a second living area, man cave or play room. A separate area offers storage and utilities. A special part of this condo is the attic storage area that is large enough to stand up as you walk in. Accessible from a bedroom on the second floor. This condominium provides ample personal space. Outside, a private yard and patio offer opportunities for relaxation and outdoor enjoyment. Washer and dryer hook up are in the garage and are include with the home. This property presents a compelling opportunity for those seeking a well-appointed and comfortable living environment.

4267 Indian Pipe Trace, Indianapolis

Listing courtesy of A.S.A.P. Real Estate.

633 Pioneer Drive, Indianapolis
$255,000
3 Beds ⋅ 2 Baths
Welcome to this charming and inviting 3-bedroom, 2-full-bath home! The spacious great room features beautiful cathedral ceilings and a wood-burning fireplace, creating a warm and comfortable space for relaxing or entertaining. A lovely bay window fills the room with natural light, while French doors open to the patio and a beautiful, spacious backyard-perfect for children to play, outdoor gatherings, and enjoying time with family and friends. All stainless-steel appliances stay with the home. Conveniently located near downtown, shopping centers, dining, and everyday amenities. Recent updates include a new roof in 2019 and a new water heater in 2026. Don't miss the opportunity to make this wonderful home your own!

633 Pioneer Drive, Indianapolis

Listing courtesy of CrossRoads Link Realty.

3934 E 10th Street, Indianapolis
$220,000
Your next investment opportunity has arrived! Close to downtown, this recently fully renovated duplex is ready for it's next owner. The 2-bedroom unit is currently being rented at $775/mo w/ tenant paying utilities. The 3 bedroom unit is currently vacant, giving you the opportunity to select your own tenant and rents! Ample parking out back and close to amenities ensures this will be your next best investment. Schedule a showing today!

3934 E 10th Street, Indianapolis

Listing courtesy of Real Broker, LLC.

1419 Leonard Street, Indianapolis
$135,000
3 Beds ⋅ 1 Baths
Incredible investment opportunity or DIY project loaded with classic character! This 3-bedroom, 1-bathroom home is being sold as-is and offers incredible potential for a buy-and-hold rental property, value add flip, or custom primary residence.

1419 Leonard Street, Indianapolis

Listing courtesy of FS Houses LLC.

1669 Fisher Avenue, Indianapolis
$260,000
2 Beds ⋅ 1 Baths
Welcome to 1669 Fisher Ave! This well-maintained, renovated 2-bedroom, 1-bath home offers fresh updates and comfortable living in Speedway. An oversized garage provides ample room for vehicles, storage, or a workshop. The opportunity to earn additional income by offering parking during Speedway events adds a unique bonus. Whether you're looking for a place to call home or a property with income potential, this one is worth a look. Schedule your showing today!

1669 Fisher Avenue, Indianapolis

Listing courtesy of AMR Real Estate LLC.

5736 Blackley Lane, Indianapolis
$195,000
3 Beds ⋅ 2 Baths
Welcome home to 5736 Blackley Lane! This charming 3 bed 2 bath ranch is the perfect blank canvas, ready for its new owner to bring their creative vision to life. Nestled in the Liberty Village neighborhood of Pike Township, this inviting abode offers 1,116 sqft of living space with a bright, functional layout. The heart of the home, the living room, provides a welcoming atmosphere with cathedral ceilings, updated LVP flooring(2019), & a cozy fireplace perfect for those chilly Fall & Winter evenings. Two secondary bedrooms & a full hallway bathroom offer privacy & convenience for everyone. Your spacious primary suite includes dual closets & a full en-suite bath, with ample natural lighting & a half-vaulted ceiling, enhancing the sense of space and tranquility. A dedicated laundry & utility room attached to the 2-car garage keeps chores, mechanical units, and storage out of sight, designed for ease and convenience. The spacious, tree lined backyard & concrete patio complete the home, offering a serene place to relax or entertain guests. The addition of gutter guards & newer downspouts(2023), plus a newer garage door and roof, offers peace of mind when it comes to costly exterior items. Located minutes from Eagle Creek Park, Indianapolis Motor Speedway, and with easy access to I-465 & I-65, this gem perfectly balances affordability & prime location. Whether you're looking for your first home, your next investment property, or just looking for a change, with a little imagination & some TLC, this home is sure to check all of your boxes. Showings start 10/4

5736 Blackley Lane, Indianapolis

Listing courtesy of F.C. Tucker Company.

1530 Barth, Indianapolis
$194,900
3 Beds ⋅ 2 Baths
Investor opportunity you don't want to miss! This property is packed with potential and offers a great opportunity for an investor or buyer looking to create a home of their own. Featuring 3 bedrooms plus a bonus room, a spacious layout, and a basement with additional potential to be finished for even more usable space. A portion of the renovation has already been completed - now it's ready for the next owner to finish the remaining work and bring their vision to life. With charming architectural details, a covered front porch, plenty of space, and multiple opportunities to add value, this property has so much to offer. Whether you're looking for your next investment project or a home to customize and make your own .don't miss this opportunity!

1530 Barth, Indianapolis

Listing courtesy of Compass Indiana, LLC.

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