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Charles Bell

charles@sbr.homes +1(765) 532-9814

Listed by Jennifer Blandford • Carpenter, REALTORS®

$ 125,000

Est. payment -/mo

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1501 Fletcher AVE Indianapolis, IN 46203

8 Beds

4 Baths

3,946 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,946 sqft

Price per Sqft $31

Subdivision Spann & Cos 2Nd Woodlawn Add

MLS Listing ID 22066251

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1890

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Single Family Residence

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 **

Location

State IN

County Marion

Rooms

Basement Cellar, Unfinished

Main Level Bedrooms 4

Interior

Interior Features Entrance Foyer

Heating None, Natural Gas

Cooling None

Fireplaces Number 1

Fireplaces Type Wood Burning

Fireplace Y

Appliance None

Exterior

Utilities Available Cable Available, Natural Gas Available, Sep Electric Meter, Sep Gas Meter, Sep Sewer Meter, Sewer Connected, Water Connected

View Y/N false

Building

Story Two

Foundation Block, Crawl Space

Water Public

Architectural Style Traditional, Victorian

Structure Type Brick,Vinyl Siding

New Construction false

Schools

Elementary Schools William Mckinley School 39

Middle Schools Hw Longfellow Med/Stem Magnet Midl

High Schools Arsenal Technical High School

School District Indianapolis Public Schools

Charles Bell

Real Estate Advisor | RBRB18000586

+1(765) 532-9814

Charles Bell

1501 Fletcher AVE Indianapolis, IN 46203

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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1501 Fletcher AVE