2031 Central Ave, Indianapolis, IN 46202
$700,000
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Home Description
Stunning 5-Bedroom Home in Herron-Morton Place with Income Potential! Welcome to this beautifully updated and spacious 5-bedroom, 4-bathroom home located in the highly desirable Herron-Morton Place neighborhood of downtown Indianapolis. This residence perfectly blends historic charm with modern luxury and is ideal for homeowners seeking space, style, and investment opportunity. Step inside to discover an abundance of natural light pouring through large windows, highlighting the generous square footage and thoughtful layout. The home boasts a brand-new kitchen outfitted with high-end finishes and modern appliances, along with completely renovated bathrooms throughout. The fully finished basement features a separate entrance, 1 bedroom, 1 full bathroom, a generous living room, separate office or workout room, and a kitchenette-making it an ideal income-generating rental, guest suite, or in-law quarters. Additional highlights include:Brand new 2-car garage with adjacent parking pad;Prime walkability to some of Indy's best restaurants including Loco Mexican, Baby's, Bocca, and Tinker Street;Close proximity to downtown hospitals (just a 5-minute drive!) Easy access to the Monon Trail and Cultural Trail for biking and outdoor adventures. This is a rare opportunity to own a large, light-filled home in one of the city's most vibrant neighborhoods. Whether you're looking for a forever home, a house hack with rental income, or a stylish urban retreat-this property checks all the boxes. Schedule your private tour today!
- Property Type: Single Family
- Style: TraditonalAmerican
- Basement: Apartment,Ceiling - 9+ feet,Egress Window(s),Exterior Entry,Full,Interior Entry,Partially Finished,Walk Out
- Garage Spaces: 2
- Acres: <1/4 Acre
- Lot Description: Busline,Curbs,Sidewalks,Storm Sewer,Suburb
- Siding: Vinyl With Brick
- Patio & Porch: Glass Enclosed,Porch Open
Available now at $700,000
Approximate Room Sizes / Descriptions
| Kitchen | 21x13 | Main | |
| Dining Room | 20x12 | Main | |
| Family Room | 15x9 | Main | |
| Living Room | 29x14 | Main | |
| Loft | 15x13 | Upper | |
| Kitchen | 21x10 | Basement | |
| Bonus Room | 28x10 | Basement | |
| Office | 15x13 | Basement | |
| Bedroom 2 | 12x12 | Main | |
| Primary Bedroom | 22x15 | Upper | |
| Bedroom 3 | 12x12 | Upper | |
| Bedroom 4 | 21x11 | Upper | |
| Bedroom 5 | 14x13 | Basement | |
- Interior Description: Center Island,In-Law Arrangement,Paddle Fan,Pantry,Raised Ceiling(s),Walk-in Closet(s),Wet Bar,Windows Vinyl,Wood Work Painted
- Full Baths: 4
- Num Fireplaces: 0
- Primary Bedroom Description: Bedroom 2nd Primary,Closet Walk in,Porch
- Appliances: Dishwasher,Disposal,Electric Cooktop,Electric Water Heater,Microwave,Oven,Range Hood,Refrigerator,Water Softener Owned
- Eating Area: Dining Combo/Kitchen
- Equipment: Smoke Alarm
- Heating: Forced Air,Natural Gas
- : kate@atpropertiesind.com
Neighborhood
The average asking price of a 5 bedroom Indianapolis home in this zip code is
$768,200 (9.7% more than this home).
This home is priced at $154/sqft,
which is 17.9% less than similar homes
in the 46202 zip code.
Potential Great Value
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School Information
- School District:Indianapolis Public Schools
Financial
- Approx Payment:$2,834*
- Semi Annual Taxes:$1,438
Area Stats
These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or
to obtain statistics not shown below please call Highgarden Real Estate at
(317) 937-6471 and speak with one of our real estate consultants.
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Listing Courtesy of @properties.
For information or to schedule a viewing of this property (MLS# 22027290), call: 317-937-6471
2031 Central Ave, Indianapolis IN is a single family home of 4546 sqft and
is currently priced at $700,000
.
This single family home has 5 bedrooms.
A comparable home for sale at 2020 N Park Ave in Indianapolis is listed at $549,000.
In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Indianapolis, IN.
Watermark, Broadway Lofts and Nobles are nearby neighborhoods.
MLS 22027290 has been posted on this site since 3/19/2025 (today).
2025