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1501 Fletcher Avenue

Indianapolis, IN 46203
  • $200,000
  • STATUS: Sold
  • ON SITE: 43 Days
  • MLS #: 22066251
Sold - 11/04/2025
$200,000
SOLD - 11/04/2025
  • 8
    BEDS
  • 0.1
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,171
    SQFT
  • $63
    $/SQFT
Type:
Single-Family Home
Built:
1890
County:

Description

If ever there was a worthy renovation project, this is it! Originally built as a grand single-family home (or so we believe), 1501 Fletcher Ave was converted into a 4-unit apartment building at some point in the 30s or 40s. Time has been hard on her, and she has been empty for many decades, but that doesn't mean she can't have a bright future! Just look to her left & right to see the revitalization of Fletcher Ave, at the heart of Fountain Square. If you'll stroll the street, you can imagine what she can be again, surrounded by new and restored homes in the $500k range. She wants to be one of those! She longs for the pitter patter of little feet in her nearly 4000sf. She craves a flower garden in the huge back yard and ferns hanging on the porch, perhaps with a big, old dog sleeping on his watch. She waits to host a new owner on the upper balcony, waiving to the neighbors on a Sunday afternoon. Have you got the vision, the passion, the patience and the means to craft this story? It will be well worth it! Right now, as best we can tell, she is broken up into 4 apartments, each with 2 bedrooms, a living room, kitchen & bath. She does need everything - starting with a gut job to figure out her original floor plan. She appears structurally sound, all the floors are level, the ceilings are high, original doorways and trim remain. She can be beautiful; and at the entry price, there is definitely upside for the investment, but this is no small weekend warrior project. ** SELLER WILL RECEIVE OFFERS UNTIL NOON ON 10/7/2025 & WILL RESPOND BY 7PM SAME DAY **

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© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Dean Wagner Realtors.

Based on information submitted to the MLS GRID as of 2025-11-17T10:25:10.99. All data is obtained from various sources and may not have been verified by broker or 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.
Click here for MLS GRID DMCA Notice
www.wagnerrealtors.com/homes/168540213
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1501 Fletcher Avenue Indianapolis, IN 46203

  • Price: $125,000
  • Status: Sold
  • On Site: 43 Days
  • Updated: 23 min ago
  • MLS #: 22066251
8
Beds
4
Baths
0
½ Baths
0.1
Acres
3,171
SQFT
$63
$/SQFT
1890
Built
Neighborhood:
Spann & Cos 2Nd Woodlawn Add
County:
Marion
Area:
4910 - Marion - Center
Elementary School:
William Mckinley School 39
Middle School:
Hw Longfellow Med/Stem Magnet Midl
High School:
Arsenal Technical High School
School District:
Indianapolis Public Schools
Property Description
If ever there was a worthy renovation project, this is it! Originally built as a grand single-family home (or so we believe), 1501 Fletcher Ave was converted into a 4-unit apartment building at some point in the 30s or 40s. Time has been hard on her, and she has been empty for many decades, but that doesn't mean she can't have a bright future! Just look to her left & right to see the revitalization of Fletcher Ave, at the heart of Fountain Square. If you'll stroll the street, you can imagine what she can be again, surrounded by new and restored homes in the $500k range. She wants to be one of those! She longs for the pitter patter of little feet in her nearly 4000sf. She craves a flower garden in the huge back yard and ferns hanging on the porch, perhaps with a big, old dog sleeping on his watch. She waits to host a new owner on the upper balcony, waiving to the neighbors on a Sunday afternoon. Have you got the vision, the passion, the patience and the means to craft this story? It will be well worth it! Right now, as best we can tell, she is broken up into 4 apartments, each with 2 bedrooms, a living room, kitchen & bath. She does need everything - starting with a gut job to figure out her original floor plan. She appears structurally sound, all the floors are level, the ceilings are high, original doorways and trim remain. She can be beautiful; and at the entry price, there is definitely upside for the investment, but this is no small weekend warrior project. ** SELLER WILL RECEIVE OFFERS UNTIL NOON ON 10/7/2025 & WILL RESPOND BY 7PM SAME DAY **
Exterior Features

Architectural Style TraditionalVictorian Construction Materials BrickVinyl Siding Foundation Details BlockCrawl Space Garage YN No Horse Amenities None Levels Two Lot Information City LotCorner LotSidewalksStreet Lights Parking Features Alley AccessOn Street Porch CoveredDeck View YN No Waterfront YN No

Interior Features

Appliances None Areas Interior Bedroom Other on Main Basement CellarUnfinished Basement YN Yes Below Grade Finished Area 0 Building Area Total 3946 Cooling None Eating Area Formal Dining Room Fireplace Features Wood Burning Fireplaces Total 1 Full Baths Basement 0 Full Baths Main 2 Full Baths MU 4 Full Baths Upper 2 Half Baths Basement 0 Half Baths Main 0 Half Baths MU 0 Half Baths Upper 0 Heating NoneNatural Gas Interior Features Entrance Foyer Main Level Bedrooms 4 Main Level Sq Ft 1550 Rooms Living Room (Main Level 1x1) Primary Bedroom (Main Level 1x1) Bedroom 2 (Main Level 1x1) Bedroom 3 (Main Level 1x1) Bedroom 4 (Main Level 1x1) Bedroom 5 (Upper Level 1x1) Bedroom 6 (Upper Level 1X1) (Upper Level 1X1) (Upper Level 1X1) Rooms MU 16 Rooms Total MU 16 Spa YN No Sq Ft MU 3171 Upper Sq Ft 1621

Property Features

Accessibility Features YN No Acres <1/4 Acre Association YN No Current Financing FHA 203(k) Dpr YN Yes New Construction YN No Possession Closing Property Attached YN No Property Condition Fixer Property Sub Type Single Family Residence Rooms Total 16 Semi Annual Property Tax Amt 715 Solid Waste Yes Special Listing Conditions As Is Tax Exemption None Tax Year 2024 Township Center Transaction Type Sale Utilities Cable AvailableNatural Gas AvailableSep Electric MeterSep Gas MeterSep Sewer MeterSewer ConnectedWater Connected Water Source Public

Listing provided courtesy of Carpenter, REALTORS®: . © 2025 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Dean Wagner Realtors.

Based on information submitted to the MLS GRID as of 2025-11-17T10:25:10.99. All data is obtained from various sources and may not have been verified by broker or 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.
Click here for MLS GRID DMCA Notice
 
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