511 N Gray Street

Indianapolis, IN
$ 45,000 Beds 3 Baths 1 Sq 1,842
Monthly Estimate* How much can I afford?

A 3-bedroom home in Marion County offering an opportunity to bring your vision to life. This property needs repairs and updates, making it a great option for those looking to create a home in their own personal style. Conveniently located on the Near Eastside of Indianapolis, with easy access to local shops, restaurants, schools, and downtown Indianapolis. A property full of potential and ready for a new owner's ideas.

Active

  • Price
  • $ 45,000
  • City
  • Indianapolis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • MARION
  • Half Bathrooms
  • 0
  • Area
  • Center
  • Lot Size
  • 0.06 Acres
  • Zip
  • 46201
  • Sqr Footage
  • 1,842
  • Year Built
  • 1910
  • Taxes
  • $ 5248
  • Style
  • Traditional
  • MLS#
  • 22117943
Listed By: Chris Price with Keller Williams Indy Metro Partners;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating None
Cooling None
Utilities Electricity Connected,Natural Gas Available,Sewer Connected,Water Connected
Possession Closing
Appliances None
Patio/Porch Features Covered
Architectural Style Traditional
Construction Materials Wood Siding
Year Built 1910
View Neighborhood,Trees/Woods
Township Center
Levels One and One Half
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Hoffmans E Mich St
Facing Direction West
Garage Y/N No
Total Rooms 6
Full Baths 1
Status Active
Directions GPS Friendly
High School Arsenal Technical High School
City Indianapolis
Disclosures BankOwned
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 2788
Property Attached Y/N No
Property Condition Fixer
Additional Parcels Y/N No
Standard Status Active
Tax Lot 11-12
Legal Description Hoffmans E Mich St Add 35Ft N End Lots 11 & 12

Interior Features

Interior Amenities Eat-in Kitchen
Basement Storage Space,Unfinished
Basement (Y/N) Yes
Total Bedrooms 3
Main Level Bedrooms 1
LivingAreaSource Assessor
Total Baths 1

Exterior Features

Parking Features Alley Access,Other
Lot Features Access,Sidewalks,Mature Trees
Water Source Public
Foundation Details Block
Spa No
Building Area Total 1842
Lot Size Acres 0.06
Waterfront Y/N No
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 Arsenal Technical High School

Price History

8/25/2026 Listed $45,000

Property vs Zip Code Average in 46201

Price
AVG $230K
$50K
Taxes
AVG $2,860
$5,248
Year Built
AVG 1931
1910
Visits
AVG 91
18
Data Provided by Inside Real Estate®

511 N Gray Street Indianapolis, IN is a Single Family Home for sale at $45000 with 1842 sqft and a lot size of 0.06 Acres Acre(s). 511 N Gray Street Indianapolis has 3 bedrooms, 1 baths and was built in 1910. The property's zip code is 46201 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.