501 E Markwood Avenue, Indianapolis, IN 46227

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
501 E Markwood Avenue,Indianapolis, IN 46227
$449,000
  • 2 Beds
  • 4 Baths
  • 3,949 sq. ft.
  • Single family
  • Active
Listed by: virender kumar
Office: united real estate indpls
MLS#:22107644
Source:IN_MIBOR

Price summary

  • Price:$449,000
  • Price per sq. ft.:$101.79

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1936
  • Subdivision & Development:Homedell
  • Listing ID #:22107644
  • Added:50 day(s) ago
  • Updated:August 12, 2026 at 10:28 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Hardwood Floors
  • Kitchen Description:Dishwasher, Refrigerator
  • Basement:Yes
  • Basement Description:Basement
  • Living area:3,949 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1936
  • Building area:3,949 sq. ft.
  • Lot area:0.26 Acres
  • Construction Materials:Cedar
  • Foundation Description:Block, Crawl Space

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$449,000
  • Price per sq. ft.:$101.79

Features and amenities

  • Appliances:Refrigerator
Copyright 2026 Metropolitan Indianapolis Board of Realtors. All rights reserved. Listings courtesy of Metropolitan Indianapolis Board of Realtors as distributed by MLS GRID. Metropolitan Indianapolis Board of Realtors provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Metropolitan Indianapolis Board of Realtors will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Metropolitan Indianapolis Board of Realtors.

New listings near 501 E Markwood Avenue