Most Affordable Homes for Sale in Indianapolis, IN Right Now
Last updated: April 27, 2025
Indianapolis has a median home sale price of $249K, a 3.7% increase from last year. Homes stay on the market for an average of 38 days and receive an average of 2 offers.
About this home
Fixer Upper in rapidly improving near-westside area. This home needs significant work, but offers a good amount of space with several options and is priced accordingly.
About this home
This diamond-in-the-rough 2-bedroom, 1-bathroom property offers incredible potential for the right buyer in one of Indy's most accessible locations. Situated just minutes from downtown Indianapolis, this fixer-upper presents a rare opportunity to create your dream home while benefiting from the vibrant urban lifestyle. The home features a practical layout with two adequately sized bedrooms and a full bathroom. A one-car garage provides secure parking and additional storage space-a valuable amenity in this urban setting. Location is this property's standout feature. Enjoy quick access to downtown Indianapolis with its thriving business district, cultural attractions, and entertainment venues. Sports enthusiasts will appreciate being near Gainbridge Fieldhouse, Lucas Oil Stadium, and Victory Field. The property's central position ensures easy commuting options whether you drive, bike, or use public transportation. While this home requires renovation to realize its full potential, it presents an exciting canvas for your vision. Restore its character, modernize the interior, and add personal touches to create a comfortable urban retreat that reflects your style. This property will be sold at auction, offering a unique opportunity to secure a home in this desirable location potentially below market value. Perfect for first-time homebuyers, investors, or those looking to downsize without sacrificing downtown convenience. Don't miss this chance to own a piece of Indianapolis with endless possibilities. Join the auction at bidindiana.com and take the first step toward making this house your home! Auction ends May 7th at NOON.
About this home
Down to the studs home on a residential street! Bring your creativity to this home to make it your dream home or add it to your portfolio as a cashflowing rental. All building materials/personal items will be removed from home prior to closing.
About this home
Presenting a property located in a promising area, this home offers a unique opportunity for both experienced and first-time investors. With a clean slate, the potential for customization and long-term return is significant. This property is available via auction. To participate, please visit the Abundant Auctions website to register and place your bid. Auction Opens: May 21 at 12:01 AM (Eastern Time) Auction Closes: May 24 at 11:59 PM (Eastern Time)
About this home
Home has fire damage & vandalism and is being sold as-is. Room sizes are approximate.
About this home
Investment opportunity. Blank slate for your affordable home. Conveniently located near downtown, the airport, highways, shopping, and dining. Possible seller financing.
About this home
FIXER UPPER! Great opportunity to get a 3B/2B with strong ARV's in the up and coming Valley neighborhood. Right across the street from Elanco Global Headquarters and just short bike ride to Lucas Oil Stadium, Victory Field, and the Indianapolis Zoo. Plenty of rehabs and fixed up homes in this area. Check it out today!
About this home
Bring your vision-and your toolbox-to this classic 2-bedroom, 1-bath bungalow nestled in the heart of Martindale-Brightwood. With 904 square feet of potential and a charming aluminum exterior, this home is brimming with opportunity for a savvy investor or ambitious renovator. From the moment you walk through the front door, you'll see a space ready to be transformed into something special. The floor plan includes a generous living room, separate dining area, and a cozy kitchen waiting for a fresh touch. Original character still peeks through, offering a solid foundation to build upon. Whether you're looking to flip, rent, or create your own dream home, the layout and location give you a great starting point. Sitting on a tree-lined street near revitalization projects, parks, and downtown Indy access, this property offers both convenience and future value. Sold as-is-bring your ideas and breathe new life into this Martindale-Brightwood gem.
About this home
Attention investors! Great Opportunity! This home has more square feet than it would appear. Home is in Foreclosure/Receivership. All offers will require court approval so no weekend deadlines please. Home is being sold as is where is.
About this home
Great investment property waiting for a new beginning. This 2 bedroom 1 bath home is waiting to be revived. Come take a look and see the potential for yourself.
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