Price Reduction - Views
Address
316 S College Avenue, Indianapolis, IN
Price
$ 499,500
Property Attributes
- MLS#22116049
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaCenter
- NeighborhoodFletcher Place
- Zip46202
- StyleItalianate
- Year Built1872
- Taxes$ 5760
- Price$ 499,500
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage3086
- Lot Size0.18 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
A rare opportunity to own one of Downtown Indianapolis' earliest all-brick Italianate homes. Built in 1872 and located in the heart of the Fletcher Place Historic District, this remarkable residence has stood the test of time for more than 150 years. Originally built for successful southside businessman Henry Laut, who called it home until his passing in 1925, the property has been lovingly cared for by its current owners for the past 15 years. Rich with original character, this home is ready for its next chapter. Whether you choose to thoughtfully update and personalize it or simply appreciate its timeless charm as it is, the possibilities are endless-and the pricing reflects the opportunity. The spacious main level offers an inviting blend of historic details and everyday functionality, featuring the original front parlor (currently used as a family room), a generous living room, an elegant dining room, a well-appointed kitchen with a center island, and a full bath. Upstairs, you'll find three spacious bedrooms and a second full bath. Situated on an extraordinary lot stretching nearly 200 feet deep, the outdoor space is a true urban retreat. Enjoy evenings around the firepit, tinker in the storage shed, or take advantage of the oversized 1.5-car detached garage with an attached covered carport. The true bonus is the highly sought-after, income-producing carriage house apartment above the garage. This open-concept, studio-style space includes a full kitchen and full bath, making it ideal for guests, rental income, or a private home office or creative studio. Topping it all off is the spectacular private rooftop deck, where you can unwind while taking in sweeping views of the Downtown skyline. All of this is just steps from Fletcher Place's acclaimed restaurants, parks, coffee shops, entertainment, and cultural attractions, offering an exceptional opportunity to own a piece of Indianapolis history while enjoying one of the city's most vibrant neighborhoods
| Price History | |
|---|---|
| 7/24/2026 | Listed $550,000 |
| 8/19/2026 | 10$499,500 |
General Features
| Heating | Zoned,Forced Air,Natural Gas |
|---|---|
| Cooling | Central Air |
| Possession | Closing |
| Appliances | Gas Cooktop,Dishwasher,Oven,Refrigerator,Gas Water Heater |
| Garage Spaces | 2 |
| Patio/Porch Features | Covered,Patio,Porch,Rooftop |
| Architectural Style | Italianate |
| Construction Materials | Brick,Wood Siding |
| Year Built | 1872 |
| Township | Center |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Fletcher Place |
| Garage Y/N | Yes |
| Total Rooms | 7 |
| Full Baths | 2 |
| Status | Active |
| Directions | GPS Friendly |
| City | Indianapolis |
| High School District | Indianapolis Public Schools |
| MLS Area | 4910 - Marion - Center |
| Lot Size Square Feet | 7884 |
| Property Attached Y/N | No |
| Current Financing | Conventional |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Tax Lot | 5 |
| Legal Description | Rays Sub L5 Ol92 |
Interior Features
| Interior Amenities | Ceiling Vaulted,Hardwood Floors,Kitchen Island,Pantry |
|---|---|
| Basement | Unfinished |
| Total Fireplaces | 1 |
| Fireplace Features | Family Room,Living Room |
| Basement (Y/N) | Yes |
| Laundry Features | Main Level |
| Total Bedrooms | 3 |
| LivingAreaSource | Appraisal |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | Fire Pit,Storage Shed |
|---|---|
| Parking Features | Carport,Detached |
| Lot Features | City Lot,Curbs,Sidewalks,Storm Sewer,Street Lights,Mature Trees |
| Water Source | Public |
| Foundation Details | Block,Brick/Mortar |
| Building Area Total | 3086 |
| Lot Size Acres | 0.18 |
| Other Equipment | None |
| 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 46202
Price
Taxes
Year Built
Visits
In The Neighborhood
Just Listed
Indianapolis
$ 370,000
- Type
- Single Family
Listed by Susan Batchelder of Venture Lane Properties
MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than eXp Realty in Metropolitan Indianapolis may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: August 20, 2026 6:34 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 20, 2026 6:28 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
