Indianapolis Homes with Partially Finished Basement

Welcome to Indianapolis, the vibrant capital of Indiana, where urban sophistication meets Midwestern charm! Nestled in Marion County, this dynamic city is known for its rich history, diverse culture, and a strong sense of community. Indianapolis boasts a thriving arts scene, with renowned institutions like the Indianapolis Museum of Art and the Indiana Repertory Theatre, making it a hub for creativity and expression. Additionally, sports enthusiasts will find themselves in paradise, as the city is home to the legendary Indianapolis Motor Speedway and a passionate fan base supporting the Colts and Pacers.

As you explore the housing market in Indianapolis, you’ll discover an array of homes that cater to various lifestyles and preferences. Among these, homes with partially finished basements are particularly appealing for their versatility and potential. A partially finished basement offers the perfect canvas for homeowners to create additional living space tailored to their needs—be it a cozy family room, a home office, or a recreational area for entertaining guests.

In Indianapolis, these homes provide not only extra square footage but also the opportunity to enhance property value. With the city’s affordable real estate market, investing in a home with a partially finished basement is a smart choice for first-time buyers and seasoned investors alike.

Whether you’re drawn to the bustling downtown or the serene suburban neighborhoods, Indianapolis is a city that embraces both tradition and innovation. Discover your dream home in this enchanting city, where every street tells a story and every home is a place to create lasting memories.

Newest Indianapolis Homes with Partially Finished Basement

$399,900

4 Beds ⋅ 2 Baths

Discover the charm and versatility of 617 West Edgewood, a spacious, move-in-ready single-family residence situated on nearly 5 acres of land in Indianapolis, Indiana. Built in 1950, this 2,579-square-foot, 11/2-story home combines classic character, modern updates & exceptional opportunities for residential, recreational or investment use. The home features 4 well-proportioned bedrms and 2 full bathrms, with 2 bedrms and 1 full bath conveniently located on each level. Additional living space includes a large, partially finished basement & a 12'x15' glass-enclosed patio, perfect for relaxing or entertaining. The property also includes a 1 car detached garage & an impressive 12'x38' detached workshop offering a variety of potential uses. Numerous updates enhance the home's appeal, including fresh paint, refinished hardwood floors throughout the first and second floors, and new vinyl flooring in the kitchen & basement. The basement features glass-block windows, a walk-out door, and a perimeter drainage system for waterproofing, providing a versatile space ready for your finishing touches and creative vision. Significant mechanical and electrical updates provide added peace of mind. The roof (26), furnace, central air conditioning system, and water heater were all replaced in 2025. Newer window air-conditioning units offer additional cooling options during the hottest summer months. New water softener in 2017 & the electrical system has been upgraded to a 200-amp service. The true highlight of this property is the expansive, nearly 5-acre parcel. The tree-lined rear portion offers a peaceful, natural setting, with Buck Creek winding through the property. Whether you envision creating a private retreat, cultivating a large garden, exploring potential additional residential development, or simply enjoying the privacy and open space. This property offers a rare combination of land, character, and opportunity for hobbyists, investors, and buyers seeking room to grow.

617 W Edgewood Avenue, Indianapolis

Listing courtesy of Robert VanHook. Premier Agent Network

$250,000

3 Beds ⋅ 1 Baths

SELLER HAS 5.25% ASSUMABLE MORTGAGE! A beautifully preserved Bedford Stone bungalow with FULL basement nestled on a quiet, tree-lined street, over 1/3-acre, and complete with the freedom of zero HOA restrictions! This is a rare opportunity that combines mid-century architectural character and versatile modern living space. Upon arriving, you're immediately greeted by plush landscaping and an inviting covered porch that sets the tone for anyone. Your guests will be in awe as soon as they enter and see an abundance of natural light cascading across gleaming original hardwood floors in the comfortable Great Room, and the deluxe Dining Room. Classic arched doorways, exposed brick, & Built-in bookshelves add a touch of historic elegance, seamlessly connecting the cozy, sunlit living areas. The main level also offers two generously sized beds, high-end blinds, and a completely repainted & freshened kitchen that leads to an enchanted backyard or expansive basement. Step out back to a newly constructed wood deck overlooking a massive, fenced backyard on a premium lot ideal for summer entertaining, gardening, weekend relaxation, or for kids and pets to play. The property is completed by a detached garage featuring built-in workbenches and overhead storage for the hobbyist, plus a supplemental mini-barn for all your outdoor equipment. Parking is ENDLESS! Downstairs is equally impressive and versatile. The FULL basement can be tailored to your lifestyle. There's plenty of finished space, a bonus room, laundry, storage, possible 3rd bed, and room for a home office, gym, hobby space, or whatever life calls for next. On top of this home on a great lot, this location offers a peaceful neighborhood while providing convenient access to I-465 and the rest of Indianapolis. No HOA adds another layer of flexibility to make this home "yours." Properties with this kind of solid masonry, history, and top-rated schools are incredibly rare to come by. See what this home can do for you!

17 Hoss Road, Indianapolis

Listing courtesy of Jerome Gordon III. F.C. Tucker Company

$377,150

4 Beds ⋅ 4 Baths

There's a lot to love about the setting at 5861 Dapple Trace! Overlooking Saddlebrook Golf Course with only one immediate neighbor, this 4-bedroom, 3.5-bath home offers scenic views, plenty of living space, and an impressive list of recent updates. Inside, there's room to spread out with separate living and family rooms, a dining room, an eat-in kitchen, and a finished basement with a full bathroom. The family room features a brick wood-burning fireplace with custom built-ins on each side, while updated flooring throughout all three levels (2022) gives the home a fresh, cohesive feel. Upstairs, the primary suite offers two walk-in closets and convenient walk-in attic access for extra storage. The outdoor spaces are just as inviting! Relax on the screened porch, enjoy the fully fenced backyard and golf course views. An extra-wide driveway offers additional parking, while the 2.5-car garage has a few surprises of its own, including a 3-person infrared sauna, refrigerator, stand-up freezer, backyard service door, and extra shelving. Several big-ticket improvements have already been completed, including a roof replacement (2024), HVAC system (2022), and water heater (2025). Other useful features include a reverse osmosis drinking water system (2026), water softener, radon system, and battery-backup sump pump. You'll be just minutes from shopping, dining, and everyday conveniences along Michigan Road, with convenient access to downtown Indianapolis and Indianapolis International Airport. A golf course setting, flexible living space, and thoughtful updates make this one worth seeing!

5861 Dapple Trace, Indianapolis

Listing courtesy of Clay Burris. Highgarden Real Estate

$349,900

3 Beds ⋅ 2 Baths

Historic soul and designer craftsmanship define this newly listed home, where a comprehensive renovation preserved the character that makes an older home memorable. Offering three bedrooms, two baths, and 1,252 square feet, 610 N Bosart Avenue delivers polished finishes, substantial system upgrades, and an appealing opportunity at its price point. Behind the restored original front door, wide-plank luxury vinyl flooring complements original main-floor trim, restored doors, and impressive eight-inch baseboards. The fully gutted and remodeled kitchen showcases custom cabinetry, solid-surface quartz countertops, a gas stove, and carefully selected plumbing and lighting fixtures. Custom tile work gives both renovated baths a distinctive finish. A newly finished basement area with built-in laundry adds useful flexibility, while the remaining dry, unfinished basement includes a new sump pump. The extensive improvements continue with all-new plumbing, nearly all-new electrical service, a new roof, windows, gutters, water heater, and three-ton gas furnace, central air conditioning, and ductwork. New cedar shake siding, exterior doors, a driveway, privacy fence, deck, and pergola complete the transformation. Even the city water meter and pit have been replaced. A covered front porch introduces the home with timeless warmth, while the fenced outdoor space is arranged for relaxing or entertaining. Rebuilt yet rich in period detail, this is a designer home created for buyers who value character without sacrificing comfort.

610 N Bosart Avenue, Indianapolis

Listing courtesy of Joshua Ember. F.C. Tucker Company

$345,000

3 Beds ⋅ 2 Baths

Beautiful, Charming 1940's English Tudor Brick Home sits on .71 of an acre! It also has a 2-car detached garage that is ideal for entertaining large groups of friends and family AND an adorable plant house and super cute "Outhouse" has been added for even more fun! Home has been amazingly cared for. The HVAC, sump pump, water softener and water heater are all less than a year old. The windows are less than 10 years old and the kitchen is updated and open to the living space. It also had a breakfast bar. The living room features a beautiful wood burning fireplace and chandelier. There are wood floors throughout the living room & 2 bedrooms. and the upstairs. The kitchen and bath both have tile floors. Everyone loves the Retro Bath on the main floor. There is a bedroom/bonus room on the second floor. with tons of storage and a HUGE walk in closet. Enjoy sitting on the enclosed porch while viewing the pond next door. And then there is a BASEMENT! The laundry room is Huge and includes a sink, toilet area and shower. You will get that "speak easy" feel in the basement that could be used for entertaining, a play space, theater room, work out space or whatever you want! You've got to see this adorable cottage home to appreciate it! Close to restaurants and shopping are also a plus! Check it out!

451 S German Church Road, Indianapolis

Listing courtesy of Edie Horan. Home Bound Real Estate LLC

4533 Kessler Lane East Drive, Indianapolis

$335,000

3 Beds ⋅ 2 Baths

The split-level design at 4533 Kessler Lane East Dr separates an open kitchen and living area from a lower-level lounge with a brick fireplace. A long island gives the kitchen a central gathering point, complemented by built-in window seating, tall cabinetry and a gas range. Broad windows connect the main living space visually to the lawn and mature trees. Upstairs, the primary bedroom has windows on two sides, with additional bedrooms and a full bath nearby. The lower level adds a separate room for flexible use, a second full bath and laundry. An attached two-car garage and a tree-lined backyard round out the setting.

4533 Kessler Lane East Drive, Indianapolis

Listing courtesy of Shelby Farrar. Opendoor Brokerage LLC

$200,000

2 Beds ⋅ 3 Baths

Geist area low maintenance living! Popular Sunset Cove condo community that lives like a townhome, 3 levels of updated space, wait until you see the gorgeous wooded views out the windows and on the main level deck! The trees are changing colors and the views are amazing! Main level consist of combination living room/dining space with see- through updated kitchen, stainless appliances, hardwood like flooring, sliding doors to the comfortable back deck, upstairs you will find 2 spacious bedrooms and updated bathroom, this is one of the units with a finished lower level that adds wonderful family room space for casual family room, exercise room, gaming room whatever your hobbies may be, this Geist area location is close to grocery shopping, restaurants, Daniels Vineyard, Geist reservoir! One car attached garage, the residence is located close to the front of the community makes it easy commute in out and a big positive is across the driveway you have some good guest parking. All the appliances including washer & dryer can remain with the home.

8052 Sunset Cove Drive, Indianapolis

Listing courtesy of Brian Sanders. CENTURY 21 Scheetz

$160,000

3 Beds ⋅ 2 Baths

This is your opportunity to get into a solid brick ranch in Community Heights before the Holidays at a great price! This move-in ready home features 3 bedrooms with gleaming hardwood floors throughout, and a nice-sized bathroom, which can be conveniently accessed through either the hallway or kitchen. The nook in the hallway also presents a design possibility for a washer and dryer installation on the main floor, or other storage options. For additional living space, the spacious and dry basement contains the other bathroom, and awaits your finishing touches, as the renovations have already been started. Other highlights include vinyl replacement windows, an updated electric panel, a HVAC system from 2021, and a fenced-in area to keep your pets secure. Add in the generous 2-car garage and some cosmetic updates, and you have yourself a beautiful space you can call a home.

1521 N Campbell Avenue, Indianapolis

Listing courtesy of Iris Vogel-Eskew. Highgarden Real Estate

$349,900

3 Beds ⋅ 3 Baths

Welcome to Irvington - where the brick has stories and the systems are surprisingly well-behaved. This charming 2-story brick home comes with 3 bedrooms, 2.5 baths, a generous family-room addition, and an updated kitchen. Original character is still very much present, nicely balanced by thoughtful upgrades. The basement has been given real attention in the last few years: waterproofing (2025), a new water heater (2025), sump pump (2025), water filtration system (2023), radon mitigation update (2025), and even a UV light for the air filter. Upstairs and on the main level you'll find newer cordless blinds, a 2026 dishwasher and garbage disposal, refreshed kitchen sink/faucet, and attic insulation from 2023. Outside, the fenced backyard offers a large deck (with updated steps and handrails), a gazebo, and solid space for gardening. The 2-car detached garage is easily accessed off the alley. Gutters get cleaned yearly, and other exterior details have been looked after. The partially finished basement is ready to become a kids' zone, game room, or extra hangout space. Come see this home today - a perfect combination of Irvington charm and thoughtful maintenance!

913 N Audubon Road, Indianapolis

Listing courtesy of Joshua Carpenter. Trueblood Real Estate

$220,000

2 Beds ⋅ 1 Baths

Irvington charm, timeless character, and updates that matter! Welcome to 333 N Graham Ave, a delightful 1923 bungalow full of personality and features you just don't find in every home! This 2-bedroom, 1-bath home offers approximately 960 square feet of inviting living space, complete with charming built-ins and even a classic laundry chute that adds a little nostalgia and character. Enjoy the peace of mind that comes with a NEW ROOF and NEWER APPLIANCES, while still appreciating the unique details that make this home special. Step outside to enjoy the front porch and backyard, offering room to relax, entertain, or create your own outdoor retreat. You'll also appreciate the convenience of a garage and additional rear parking, plus available street parking! Situated in Irvington, a neighborhood known for its historic charm and distinctive homes, this bungalow offers a wonderful opportunity to make a character-filled property your own. Homes with this much personality deserve a closer look! Schedule your private showing today and discover what makes 333 N Graham Ave special!

333 N Graham Avenue, Indianapolis

Listing courtesy of AJ Moses Jackson-Moses. Tip Top Realty, LLC

$130,000

3 Beds ⋅ 3 Baths

Welcome to 3926 North Graham Avenue, a fantastic opportunity for investors who are looking to build immediate equity. Boasting great bones and a highly desirable location, this property is a blank canvas ready for a few cosmetic updates to unlock its full potential. The classic full-brick exterior and surrounding mature trees provide instant curb appeal and timeless character. Inside, the main level offers a functional layout featuring three bedrooms and a full bath. The true standout is the expansive basement which includes a second full bathroom (a unique find in the area), a built-in bar, and generous space perfectly suited for entertaining. Complete with a spacious two-car detached garage that provides ample room for parking, storage, or a workshop, this home has all the foundational elements of a standout property. Homes with this much upside move fast, so you'll want to come see it soon!

3926 N Graham Avenue, Indianapolis

Listing courtesy of Dustin Day. Anthony-Shefferly & Associates

$215,000

3 Beds ⋅ 2 Baths

Calling all race fans! Enjoy the heart of Speedway, Indiana, with IMS views & a short walk to the iconic Pagoda! This move-in-ready home features 2 bedrooms and 1 full bath on the main level, hardwood floors throughout, and a full basement with an additional bath, laundry/utility area, and abundant storage. Upstairs loft/bedroom(s) space offers added flexibility. Outside, enjoy a freshly painted back deck, nearly fully enclosed fenced backyard, and detached 2-car garage. Washer, dryer, and appliances stay. Speedway charm, flexible living space, and a location race fans will love! This is your opportunity!

2026 Winton Avenue, Indianapolis

Listing courtesy of Melissa Cameron. The Stewart Home Group

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Indianapolis Homes with Partially Finished Basement

Newest Indianapolis Homes with Partially Finished Basement

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