Address
501 E Markwood Avenue, Indianapolis, IN
Price
$ 449,000
Property Attributes
- MLS#22107644
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaPerry
- NeighborhoodHomedell
- Zip46227
- StyleTraditional
- Year Built1936
- Taxes$ 5852
- Price$ 449,000
- Bedrooms2
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage4411
- Lot Size0.26 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
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.
| Price History | |
|---|---|
| 6/23/2026 | Listed $449,000 |
General Features
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Possession | Closing |
| Appliances | Dishwasher,Refrigerator |
| Architectural Style | Traditional |
| Construction Materials | Cedar |
| Year Built | 1936 |
| Township | Perry |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Homedell |
| Garage Y/N | No |
| Total Rooms | 4 |
| Full Baths | 4 |
| Status | Active |
| Directions | GPS Friendly |
| City | Indianapolis |
| High School District | Perry Township Schools |
| MLS Area | 4907 - Marion - Perry |
| Lot Size Square Feet | 11100 |
| Property Attached Y/N | No |
| Standard Status | Active |
| Tax Lot | 58 & 59 |
| Legal Description | Homedell 75Ft N End L58 & L59 Ex Hwy |
Interior Features
| Interior Amenities | Hardwood Floors |
|---|---|
| Total Fireplaces | 1 |
| Fireplace Features | Living Room,Wood Burning |
| Basement (Y/N) | Yes |
| Total Bedrooms | 2 |
| Main Level Bedrooms | 1 |
| LivingAreaSource | Builder |
| Total Baths | 4 |
Exterior Features
| Water Source | Public |
|---|---|
| Foundation Details | Block,Crawl Space |
| Building Area Total | 4411 |
| Lot Size Acres | 0.26 |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46227
Price
Taxes
Year Built
Visits
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Last Updated: August 19, 2026 6:28 PM UTC
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. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on August 19, 2026 6:40 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
