501 E Markwood AVE, Indianapolis, IN 46227
501 E Markwood AVE, Indianapolis, IN 46227
501 E Markwood AVE, Indianapolis, IN 46227
501 E Markwood AVE, Indianapolis, IN 46227
501 E Markwood AVE, Indianapolis, IN 46227
501 E Markwood AVE, Indianapolis, IN 46227
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Jason Terry

Jason Terry

+1(317) 678-7667
Listed by Virender Kumar • United Real Estate Indpls
$ 449,000
Est. payment | /mo

2 Beds

4 Baths

4,411 SqFt

Save
$ 449,000
Est. payment | /mo
Save

2 Beds

4 Baths

4,411 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,411 sqft

Price per Sqft $101

Subdivision Homedell

MLS Listing ID 22107644

Bedrooms 2

Full Baths 4

HOA Y/N No

Year Built 1936

Tax Year 2024

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Single Family Residence

Property Description

Property Highlights: Asking Price: $449,000 Location: 501 E. Markwood Ave, Indianapolis, IN Commercial Zoning with redevelopment and mixed-use potential Income-producing apartment building 12 asphalt parking spaces providing ample on-site parking for tenants and visitors Convenient access to major highways, downtown Indianapolis, shopping, restaurants, and public transportation Strong opportunity for investors seeking stable cash flow and long-term appreciation This property is ideal for investors looking to add a versatile, income-generating asset to their portfolio while benefiting from the flexibility of commercial zoning and generous on-site parking. Don't miss this opportunity to invest in one of Indianapolis' growing neighborhoods.

Location

State IN

County Marion

Rooms

Main Level Bedrooms 1

Interior

Interior Features Hardwood Floors

Heating Forced Air

Cooling Central Air

Fireplaces Number 1

Fireplaces Type Living Room, Wood Burning

Fireplace Y

Appliance Dishwasher, Refrigerator

Building

Story Two

Foundation Block, Crawl Space

Water Public

Architectural Style Traditional

Structure Type Cedar

New Construction false

Schools

School District Perry Township Schools

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

Nearby Locations

Jason Terry

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(317) 678-7667

jason@bespoque.properties

760 S Rangeline Rd, Carmel, IN, 46032-3035, USA

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501 E Markwood AVE