1741 Terrace Avenue

Indianapolis, IN
$ 200,000 Beds 6 Baths 2 Sq 4,608
Monthly Estimate* How much can I afford?

Welcome to 1741 Terrace Ave, a unique and versatile property offering plenty of space and possibilities! Currently configured as a single-family home, this property was previously used as a duplex and offers the potential to be converted back for those looking for a multi-generational living arrangement or investment opportunity. The flexible floor plan features 6 bedrooms, 2 full bathrooms, 2 kitchens, and multiple living areas, providing plenty of room to spread out. A large basement offers additional storage, work out room, and laundry, while the enclosed front porch and back deck provide extra spaces to relax or entertain. Outside, you'll find four gravel parking spaces, along with a storage barn for added convenience. Whether you're searching for a spacious single-family home, a property that can accommodate extended family, or an opportunity to explore conversion back to a duplex, this home offers options that are hard to find. Owner currently has 3 tenants and charges weekly rent.

Active

  • Price
  • $ 200,000
  • City
  • Indianapolis
  • Bedrooms
  • 6
  • Full Bathrooms
  • 2
  • County
  • MARION
  • Half Bathrooms
  • 0
  • Area
  • Center
  • Lot Size
  • 0.18 Acres
  • Zip
  • 46203
  • Sqr Footage
  • 4,608
  • Year Built
  • 1930
  • Taxes
  • $ 1360
  • Style
  • Traditional
  • MLS#
  • 22102056
Listed By: Michelle Jackson with RE/MAX Advanced Realty;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Natural Gas
Cooling Window Unit(s)
Possession Negotiable
Appliances Dryer,Microwave,Electric Oven,Gas Oven,Refrigerator,Washer
Patio/Porch Features Deck,Glass Enclosed
Architectural Style Traditional
Construction Materials Vinyl Siding
Year Built 1930
Electric 100 Amp Service
Township Center
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name A Dennys Sub J F Wingate
Garage Y/N No
Total Rooms 14
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 7971
Property Attached Y/N No
Additional Parcels Y/N No
Standard Status Active
Tax Lot 2
Legal Description A Dennys Sub J F Wingate Sub L2 & 10.10Ft Nl X8.71Ft Sl E Side L1

Interior Features

Interior Amenities Attic Stairway,Paddle Fan,Eat-in Kitchen
Basement Full,Storage Space,Unfinished
Basement (Y/N) Yes
Laundry Features In Basement
Total Bedrooms 6
LivingAreaSource Assessor
Total Baths 2

Exterior Features

Exterior Amenities Storage Shed
Parking Features Alley Access,Guest
Lot Features Sidewalks,Mature Trees
Water Source Public
Foundation Details Block
Spa No
Building Area Total 4608
Lot Size Acres 0.18
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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Columbus, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/15/2026 Listed $250,000
6/17/2026 10% - $225,000
7/21/2026 12% - $200,000

Property vs Zip Code Average in 46203

Price
AVG $270K
$200K
Taxes
AVG $3,196
$1,360
Year Built
AVG 1947
1930
Visits
AVG 96
199
Data Provided by Inside Real Estate®

1741 Terrace Avenue Indianapolis, IN is a Single Family Home for sale at $200000 with 4608 sqft and a lot size of 0.18 Acres Acre(s). 1741 Terrace Avenue Indianapolis has 6 bedrooms, 2 baths and was built in 1930. The property's zip code is 46203 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.