Indianapolis Homes under $400,000

Indianapolis Homes under $400,000

Welcome to Indianapolis, the heart of Indiana, where charm meets opportunity! Nestled in Marion County, this vibrant city is known for its rich history, diverse culture, and a thriving economy. With a population of over 880,000, Indianapolis is not just the state capital; it’s a dynamic hub for innovation, sports, and the arts. From the iconic Indianapolis Motor Speedway to the scenic White River State Park, there’s something for everyone in this bustling metropolis.

For those seeking a place to call home, Indianapolis offers a variety of housing options, especially for buyers looking for homes under $400,000. The real estate market here is both accessible and diverse, featuring charming bungalows, modern townhomes, and spacious single-family residences. Whether you’re a first-time homebuyer or looking to downsize, you'll find an array of properties that cater to various tastes and lifestyles.

The neighborhoods of Indianapolis are as varied as its residents. From the trendy shops and restaurants of Broad Ripple to the historic charm of Fountain Square, each area has its own unique character. Families will appreciate the excellent schools and community parks, while young professionals can enjoy the vibrant nightlife and cultural events that the city has to offer.

In Indianapolis, you can enjoy the perfect blend of urban living and suburban tranquility, all without breaking the bank. With homes under $400,000, your dream of owning a piece of this wonderful city is within reach. Experience the warmth of Hoosier hospitality and discover why Indianapolis is a fantastic place to live, work, and play!

Newest Indianapolis Homes under $400,000

4863 N Katherine Drive, Indianapolis
$185,000
3 Beds ⋅ 2 Baths
** Seller willing to contribute towards Buyers closing costs!** Welcome home to this beautifully updated 3-bedroom, 1.5-bath home offering a fresh, move-in-ready feel throughout. Thoughtful improvements make this property a great option for a first-time buyer, downsizer, or anyone looking for a home where much of the updating has already been done. Inside, you'll find fresh paint, new flooring, and updated kitchen cabinetry that give the home a clean and refreshed look. The bathrooms have also been improved with a new vanity, adding to the modern feel of the space. Major updates include a new AC/HVAC system and a new garage door, offering added peace of mind for the next owner. ** To make the opportunity even better, the seller is offering $2,000 toward the buyer's closing costs! ** With its manageable layout, numerous updates, and valuable seller incentive, this home is ready for its next chapter. Schedule your showing and come see everything it has to offer!

4863 N Katherine Drive, Indianapolis

Listing courtesy of 1 Percent Lists Indiana Real Estate.

4607 Marshall Drive, Indianapolis
$225,000
2 Beds ⋅ 2 Baths
Come take a look at this wonderfully maintained property in Crystal Lakes. Built in 2002, this 1119 square foot home offers a perfect blend of modern comfort and effortless living, designed for those who appreciate a thoughtfully laid out open plan space. This inviting single-story home features two comfortable bedrooms with en-suite in the primary bedroom and walk in closets, providing ample personal space. The two full bathrooms are well-appointed. Laundry room with garage access. Fully fenced in backyard perfect for pets and children with covered concrete porch. Welcoming neighborhood environment for both relaxation and everyday life. We invite you to experience the charm and functionality of this exceptional property. The roof is 2 years old. Wednesday is trash day. Utilities are electric AES, gas/water/sewer Citizens energy, cable Xfinity.

4607 Marshall Drive, Indianapolis

Listing courtesy of Tomorrow Realty, Inc..

4267 Indian Pipe Trace, Indianapolis
$149,500
4 Beds ⋅ 3 Baths
Park like setting in The Timbers with the wooded lot right out your living room. This rare 4 bedroom 3 full bath home with a basement offers a ready-to-move-in condition across its three stories, promising a seamless transition to your new lifestyle. All recently updated The kitchen is equipped with stainless steel appliances, providing a functional space for culinary pursuits. Solid surface new counter tops waiting to be used. The serving window opens to the dining area, large enough for family dinners. The dining area opens into the living room which serves as a central gathering point, featuring a fireplace that adds warmth and ambiance, complemented by high and vaulted ceilings that enhance the sense of openness. A bedroom on the main floor is a special feature. On the second floor the main bath offers a walk-in shower, designed for convenience and ease of use. Totally updated. The primary bedroom offers a walk in closet and a tub-shower combination. The basement has bedroom 4 with extra space for an office overlooking the wooded area behind the home. The basement has an open area for a second living area, man cave or play room. A separate area offers storage and utilities. A special part of this condo is the attic storage area that is large enough to stand up as you walk in. Accessible from a bedroom on the second floor. This condominium provides ample personal space. Outside, a private yard and patio offer opportunities for relaxation and outdoor enjoyment. Washer and dryer hook up are in the garage and are include with the home. This property presents a compelling opportunity for those seeking a well-appointed and comfortable living environment.

4267 Indian Pipe Trace, Indianapolis

Listing courtesy of A.S.A.P. Real Estate.

633 Pioneer Drive, Indianapolis
$255,000
3 Beds ⋅ 2 Baths
Welcome to this charming and inviting 3-bedroom, 2-full-bath home! The spacious great room features beautiful cathedral ceilings and a wood-burning fireplace, creating a warm and comfortable space for relaxing or entertaining. A lovely bay window fills the room with natural light, while French doors open to the patio and a beautiful, spacious backyard-perfect for children to play, outdoor gatherings, and enjoying time with family and friends. All stainless-steel appliances stay with the home. Conveniently located near downtown, shopping centers, dining, and everyday amenities. Recent updates include a new roof in 2019 and a new water heater in 2026. Don't miss the opportunity to make this wonderful home your own!

633 Pioneer Drive, Indianapolis

Listing courtesy of CrossRoads Link Realty.

3934 E 10th Street, Indianapolis
$220,000
Your next investment opportunity has arrived! Close to downtown, this recently fully renovated duplex is ready for it's next owner. The 2-bedroom unit is currently being rented at $775/mo w/ tenant paying utilities. The 3 bedroom unit is currently vacant, giving you the opportunity to select your own tenant and rents! Ample parking out back and close to amenities ensures this will be your next best investment. Schedule a showing today!

3934 E 10th Street, Indianapolis

Listing courtesy of Real Broker, LLC.

1419 Leonard Street, Indianapolis
$135,000
3 Beds ⋅ 1 Baths
Incredible investment opportunity or DIY project loaded with classic character! This 3-bedroom, 1-bathroom home is being sold as-is and offers incredible potential for a buy-and-hold rental property, value add flip, or custom primary residence.

1419 Leonard Street, Indianapolis

Listing courtesy of FS Houses LLC.

1669 Fisher Avenue, Indianapolis
$260,000
2 Beds ⋅ 1 Baths
Welcome to 1669 Fisher Ave! This well-maintained, renovated 2-bedroom, 1-bath home offers fresh updates and comfortable living in Speedway. An oversized garage provides ample room for vehicles, storage, or a workshop. The opportunity to earn additional income by offering parking during Speedway events adds a unique bonus. Whether you're looking for a place to call home or a property with income potential, this one is worth a look. Schedule your showing today!

1669 Fisher Avenue, Indianapolis

Listing courtesy of AMR Real Estate LLC.

5736 Blackley Lane, Indianapolis
$195,000
3 Beds ⋅ 2 Baths
Welcome home to 5736 Blackley Lane! This charming 3 bed 2 bath ranch is the perfect blank canvas, ready for its new owner to bring their creative vision to life. Nestled in the Liberty Village neighborhood of Pike Township, this inviting abode offers 1,116 sqft of living space with a bright, functional layout. The heart of the home, the living room, provides a welcoming atmosphere with cathedral ceilings, updated LVP flooring(2019), & a cozy fireplace perfect for those chilly Fall & Winter evenings. Two secondary bedrooms & a full hallway bathroom offer privacy & convenience for everyone. Your spacious primary suite includes dual closets & a full en-suite bath, with ample natural lighting & a half-vaulted ceiling, enhancing the sense of space and tranquility. A dedicated laundry & utility room attached to the 2-car garage keeps chores, mechanical units, and storage out of sight, designed for ease and convenience. The spacious, tree lined backyard & concrete patio complete the home, offering a serene place to relax or entertain guests. The addition of gutter guards & newer downspouts(2023), plus a newer garage door and roof, offers peace of mind when it comes to costly exterior items. Located minutes from Eagle Creek Park, Indianapolis Motor Speedway, and with easy access to I-465 & I-65, this gem perfectly balances affordability & prime location. Whether you're looking for your first home, your next investment property, or just looking for a change, with a little imagination & some TLC, this home is sure to check all of your boxes. Showings start 10/4

5736 Blackley Lane, Indianapolis

Listing courtesy of F.C. Tucker Company.

1530 Barth, Indianapolis
$194,900
3 Beds ⋅ 2 Baths
Investor opportunity you don't want to miss! This property is packed with potential and offers a great opportunity for an investor or buyer looking to create a home of their own. Featuring 3 bedrooms plus a bonus room, a spacious layout, and a basement with additional potential to be finished for even more usable space. A portion of the renovation has already been completed - now it's ready for the next owner to finish the remaining work and bring their vision to life. With charming architectural details, a covered front porch, plenty of space, and multiple opportunities to add value, this property has so much to offer. Whether you're looking for your next investment project or a home to customize and make your own .don't miss this opportunity!

1530 Barth, Indianapolis

Listing courtesy of Compass Indiana, LLC.

6002 Ralston Avenue, Indianapolis
$335,000
2 Beds ⋅ 2 Baths
PICTURE PERFECT 2BR/2BA bungalow on a spacious corner lot in the heart of Broad Ripple Village! Ready-to-move-in home offers beautiful hardwoods throughout and wonderful natural light - Hard to find two full baths on main level - Kitchen has newer counters, backsplash, paint, and flooring - Spacious living room w/ fireplace and dining room has lovely built-in cabinet for decorating - Brand new mudroom with custom shelving/lockers can also be used as pantry! Large WATERPROOFED BASEMENT w/ laundry area plus plenty of space for bonus room, workout area, storage, and options galore - TWO OPEN PATIOS great for relaxing and gatherings - Fully fenced backyard perfect for pets - Convenient 'attached' garage location - Newer windows throughout - Updated electrical and plumbing - AMAZING LOCATION is walk-able to all things Broadripple, Monon Trail, and multiple parks!

6002 Ralston Avenue, Indianapolis

Listing courtesy of Compass Indiana, LLC.

1749 Christopher Lane, Indianapolis
$298,000
3 Beds ⋅ 2 Baths
Welcome home to this beautifully updated 3-Bedroom, 2-Bath property offering a long list of recent improvements and modern finishes. The home features a new roof, new siding, new garage door, new kitchen and new electrical panel, providing important upgrades for peace of mind. The remodeled kitchen is a standout, featuring all new extra tall wall cabinets, elegant quartz countertops, and new appliances - perfect for everyday living and entertaining. Both bathrooms have also been thoughtfully remodeled with fresh modern finishes. Downstairs, the dry basement had been refreshed with a new drop ceiling, new carpet, along with the remodeled second bath creating additional comfortable space. Downstairs has lots of extra built in storage cubbies. Located just 1/4 mile from the town park, this home combines convenience with a great setting. With extensive updates already completed, you can move in and enjoy without taking on a long list of projects.

1749 Christopher Lane, Indianapolis

Listing courtesy of Noel Sells Indy, LLC.

5539 Younkin Drive, Indianapolis
$149,900
3 Beds ⋅ 2 Baths
Welcome to 5539 Younkin DR, a charming condominium in Indianapolis, IN, USA. Built in 1999, this inviting home offers 1730 square feet of meticulously maintained living space, ready for immediate enjoyment. The ranch-style exterior opens into a living room with Vaulted Ceilings and designed for comfort and gathering and Opens to your Dining Room for your enjoyment which Opens into the Enclosed Family Room and a welcoming fireplace serves as a focal point for enjoyment. Awesome Glass Enclosed porch for outside enjoyment just off of the Family Room. This residence includes three thoughtfully appointed bedrooms and two full bathrooms, offering ample personal space and convenience. Further enhancing daily living, the property features a dedicated laundry room and a 2Car attached garage, providing practical solutions for storage and vehicle protection. Discover the effortless lifestyle awaiting you at this exceptional Indianapolis condominium. Senior Living at its Finest.

5539 Younkin Drive, Indianapolis

Listing courtesy of Hall & Russell Real Estate Group.

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