Indianapolis Homes with Cellar Basement

Indianapolis Homes with Cellar Basement

Welcome to Indianapolis, Indiana – a vibrant city that seamlessly blends rich history with modern living. Nestled in Marion County, Indianapolis is renowned for its welcoming atmosphere, diverse culture, and a myriad of recreational activities. From the iconic Indianapolis Motor Speedway to the lush parks and bustling downtown, there’s something for everyone in this dynamic city.

One of the unique features of homes in Indianapolis is the presence of cellar basements. These versatile spaces offer homeowners an opportunity to expand their living area, providing additional room for storage, recreation, or even a cozy retreat. Imagine transforming your cellar basement into a home theater, a personal gym, or a charming wine cellar – the possibilities are endless!

Indianapolis boasts a variety of neighborhoods, each with its own character. Whether you’re drawn to the historic charm of Fountain Square or the family-friendly vibe of Broad Ripple, you’ll find homes with cellar basements that cater to your lifestyle. These homes not only provide practical benefits but also add a layer of uniqueness to your living experience.

With a strong sense of community, excellent schools, and an array of dining and entertainment options, Indianapolis is an ideal place to call home. Explore the rich architectural styles and discover the charm of cellar basements that enhance your living space. Embrace the opportunity to create a home that reflects your personal style in the heart of Indiana’s bustling capital. Welcome to Indianapolis – where your dream home awaits!

Newest Indianapolis Homes with Cellar Basement

1049 S Pershing Avenue, Indianapolis
$125,000
2 Beds ⋅ 2 Baths
This is the garage you've always wanted - and comes with a house. The house is 2 bedrooms, 2 baths, newer laminate flooring & carpet. The garage is 720 Square Feet, Gas Heater, 10 Ceiling Fans, Pull Down attic - workshop, hang-out, storage... You name it, there's room for it! Second bath was functional, but hasn't been used for years. Walking distance to Rhodius Park.

1049 S Pershing Avenue, Indianapolis

Listing courtesy of Steven Kass. Carpenter, REALTORS®
839 Waldemere Avenue, Indianapolis
$179,990
2 Beds ⋅ 1 Baths
Best lot in the neighborhood! Come check out this recently updated bungalow with a great fenced in backyard and two garages. Updated kitchen, floors and bathroom along with a vaulted ceiling and covered patio. Perfect starter home or a great property for someone who needs a workshop or storage for all their hobbies. Easy traveling as it's close to 465. Come check it out!

839 Waldemere Avenue, Indianapolis

Listing courtesy of Payton Mills. F.C. Tucker Company
8546 Walden Trace Court, Indianapolis
$419,000
4 Beds ⋅ 3 Baths
Welcome to this stunning 4-bedroom, 2.5-bath home offering nearly 4,000 sq. ft. of beautifully updated living space in one of Indy's premier locations! Step inside to find fresh paint throughout and brand-new, plush carpet in all the bedrooms, making this home completely move-in ready. The main level features an updated chef's kitchen designed for both daily life and entertaining, seamlessly flowing into bright, expansive living areas. Upstairs, the oversized primary suite serves as your own private retreat, complete with generous space to relax and unwind. Need extra room? The expansive finished basement offers endless flexibility-perfect for a home theater, gym, game room, or extra living area.

8546 Walden Trace Court, Indianapolis

Listing courtesy of Luke Reiter. eXp Realty, LLC
2521 Prospect Street, Indianapolis
$194,000
3 Beds ⋅ 2 Baths
A beautifully updated and fully renovated, with a freshly painted exterior to this 3 bedroom, 2 bath home located just minutes from the vibrant Fountain Square neighborhood. This home perfectly balances its timeless charm with thoughtful updates, offering plenty of room to relax and entertain. Inside, you'll find ample living space, including a primary suite with full bath, a spacious family room, and a versatile great room that fits any lifestyle. The laundry area is conveniently situated in the mudroom, making everyday tasks a breeze. Step outside to discover even more potential! The property features a 2-car garage with unfinished space above, offering endless possibilities-convert it into a rental apartment, a private studio, or additional living quarters. Nestled near the cultural heart of Fountain Square, you'll enjoy easy access to local dining, boutique shops, and entertainment.

2521 Prospect Street, Indianapolis

Listing courtesy of Lori Davis Smith. Highgarden Real Estate
2525 Broadway Street, Indianapolis
$475,000
4 Beds ⋅ 3 Baths
Come and be a part of the Fall Creek Place community, with friendly neighbors and a very convenient location. This home was carefully redesigned in 2019 and offer high-end finishes throughout. You will find an upgraded trim package, crown molding, wainscoting, barn door accents, and solid hardwood flooring throughout. The kitchen features upgraded cabinetry, undermount lighting, granite countertops, tile backsplash, and a huge center island with breakfast bar. Wet bar. The massive spa-like Owner's Suite provides a custom tiled shower, double vanity sink, a free-standing soaker tub, and a huge walk-in closet with built-in organizers. Enjoy the covered back deck, privacy fenced backyard with accent lighting, and the finished 2 car garage.

2525 Broadway Street, Indianapolis

Listing courtesy of Jeremy Sandlin. F.C. Tucker Company
547 E 82nd Street, Indianapolis
$2,895,000
6 Beds ⋅ 7 Baths
This exceptional residence offers striking architectural details, expansive living spaces, and incredible indoor and outdoor entertaining. Soaring ceilings and thoughtfully designed finishes create an impressive interior, while the gourmet kitchen features an oversized island with quartz waterfall countertops, abundant cabinetry, and a coffee bar with a beverage refrigerator. The main-level primary suite offers a private retreat with dual vanities, soaking tub, oversized walk-in shower, and spacious walk-in closet. A second main-level bedroom with en-suite bath provides flexibility for guests or a private office. Upstairs, two generously sized bedrooms each feature en-suite baths and walk-in closets. The expansive finished lower level is an entertainer's dream, featuring a spacious recreation room, second kitchen with island seating, custom wine cellar, and game room with billiards. A dedicated home theater offers a cinematic experience with tiered seating, large projection screen, dramatic accent lighting, and adjoining wet bar. Additional flexible space is ideal for a home gym, while two additional bedrooms, a full bath, and separate half bath complete the lower level. Outside, a spectacular backyard oasis creates a private resort-like setting. The stunning in-ground pool features a swim-up bar with submerged seating and an adjoining raised hot tub, surrounded by expansive patios and beautifully landscaped grounds. A covered outdoor entertaining pavilion features a fireplace, mounted television, built-in grill, power burner, sink, and beverage refrigerators. A separate covered patio with fireplace offers another inviting gathering space, while a convenient full pool bath adds comfort and functionality for guests enjoying the outdoor amenities. Surrounded by mature trees and lush landscaping, this extraordinary property offers an exceptional combination of luxury, privacy, and year-round entertaining.

547 E 82nd Street, Indianapolis

Listing courtesy of Bif Ward. F.C. Tucker Company
729 E Morris Street, Indianapolis
$279,000
4 Beds ⋅ 2 Baths
Move-in-ready home in the heart of Bates-Hendricks/Fountain Square - equally strong as a turnkey short-term rental with a proven track record or a low-maintenance primary residence. The layout already works for guests or an owner: open flow between the great room and formal dining room under impressive 10-foot ceilings, a main-level laundry with washer and dryer, and a kitchen with tile backsplash, butcher-block counters, and all appliances included. A spacious flex room at the back is an easy home office, creator space, or extra guest room and opens straight onto a private deck. The main-level primary suite has an en-suite bath with double vanities, a tiled walk-in shower, and a walk-in closet - a setup that photographs well and gives an owner or a longer-stay guest a real retreat. Upstairs, two bedrooms are separated by a large bonus area that works as a TV loft, workout space, or second living room, so the house sleeps and entertains without feeling cramped. The yard is fully fenced and low-maintenance, which keeps turnover simple for a rental and easy for anyone who would rather skip the yardwork. Location does the rest: an 8-minute walk to Fountain Square puts restaurants, bars, and events within walking distance, and downtown is a short hop - the kind of spot that draws both weekend guests and buyers who want to live in the neighborhood.

729 E Morris Street, Indianapolis

Listing courtesy of Tyler Renick. Tyler Knows Real Estate LLC
3627 Winthrop Avenue, Indianapolis
$250,000
3 Beds ⋅ 2 Baths
Bring your vision to this charming 3-bedroom, 1.5-bath brick manor with 1920s character and value-add potential. The home features original wood trim, hardwood floors, and spacious living and dining areas that showcase its historic charm. The cozy kitchen nook adds character, while the fully fenced backyard offers plenty of usable space with a patio, irrigated gardening area, and brick-paver driveway. With its solid brick construction, original details, spacious layout, and generous outdoor space, this property offers an excellent opportunity for an investor, rental, renovation project, or owner-occupant. Property is being sold AS-IS. Buyer to perform their own inspections and due diligence.

3627 Winthrop Avenue, Indianapolis

Listing courtesy of Robert Suttles. Honor Realty LLC
56 S Irvington Avenue, Indianapolis
$425,000
Historic Charm Meets Turnkey Investment in Irvington! An exciting opportunity to own a rare, beautifully updated 4-unit multifamily property in the heart of the Historic Irvington District! With a mix of 1- and 2-bedroom units plus attic living space, this turnkey property offers historic character, modern updates, and excellent flexibility for investors or owner-occupants. Units 1 and 4 are leased through March 2027. Unit 2 is a 2-bedroom, 1-bath unit recently vacated by a long-term tenant due to a job transfer, creating an excellent opportunity for immediate occupancy or additional rental income. Unit 3 is also vacant. Inside, you'll find beautiful wood floors, stunning 10-foot ceilings, graceful curved arch doorways, French doors, and decorative glass details that showcase the home's timeless character. Outside, enjoy the welcoming front porch and back deck-perfect for relaxing with friends, playing a board game, or simply enjoying the cool evening breeze. The location is hard to beat! Walk to the nearby library, grab coffee at a local shop, enjoy a meal at one of the area's restaurants, or use nearby public transportation. Ellenberger Park is close by for walking, jogging, exercise, and enjoying the outdoors. Recent updates include five furnaces and central air systems about 3 years old, a water heater about 3 years old, and a roof about 14 years old. A wonderful opportunity to own a piece of Irvington's history while enjoying the flexibility and potential of a well-maintained multifamily property. Come discover all this special property has to offer!

56 S Irvington Avenue, Indianapolis

Listing courtesy of Stacy Herald. Keller Williams Indy Metro Partners
28 N Whittier Place, Indianapolis
$295,000
3 Beds ⋅ 2 Baths
The home inspector remarked that this is one of the best homes he has inspected in Irvington-an extraordinary compliment for a neighborhood known for its century-old homes. A rare combination of historic character, thoughtful renovation, and exceptional care. This home has been improved where it matters while retaining the warmth, craftsmanship, and personality that make older Irvington homes so special. Major improvements include updated electrical, a renovated kitchen, updated full and half baths, HVAC, foundation work, a Sheriff-Goslin roof, flooring, a pergola, and an expanded deck. The newly renovated kitchen is fresh, functional, and full of character, w/ extensive counter space and storage, and not a cookie-cutter remodel. The remodeled large full bath is a standout, with a freestanding soaking tub, a separate glass-enclosed shower, and a mix of modern finishes and warm natural wood. Move the W&D in the half bath, and you can convert it back to a full bath. Outside, the property extends the living space. The expanded deck and covered pergola create a private place for dinners, gatherings, morning coffee, or quiet evenings under the mature trees. Established landscaping and the home's deep front porch reinforce the quintessential Irvington setting. What makes this property particularly compelling is the balance: historic architecture and neighborhood character paired with major infrastructure and mechanical improvements already completed. The home is pre-inspected, and the report is available; please ask your agent for a copy. IHPC Historic Designation.

28 N Whittier Place, Indianapolis

Listing courtesy of Sherri Roizen-Watson. F.C. Tucker Company
2353 Guilford Avenue, Indianapolis
$147,500
4 Beds ⋅ 2 Baths
Are you ready to make this home a show piece. All dimensions are estimates. Home has had a fire and needs a complete renovation. Sitting in a neighborhood that has large fully updated homes, this one could be someone's dream home. Let your imagination run wild. With high ceilings, large rooms, room to go up or out. This could be exactly what you want it to be. The potential is endless.

2353 Guilford Avenue, Indianapolis

Listing courtesy of David Meador. Carpenter, REALTORS®
844 Camp Street, Indianapolis
$429,000
4 Beds ⋅ 3 Baths
So many improvements in this Victorian style TWO unit home in Ransom Place. Side A has 2 Bedrooms and 2 Full Baths + Eat In Kitchen and Large Living Room and this Front Porch is amazing! Side B has 2 Bedrooms and 1 Full Bath with Eat In Kitchen and Living Room. This property would be perfect for an Investor to either rent as a short term or long term units or maybe one of both! This would be perfect for a multi generational family that wants to have privacy. This would also be perfect for a med student, nurse or anyone that works at the Medical Centers close by to live in one half and rent out the other side for added income. Improvements include really EVERYTHING! Exterior paint, landscaping, privacy fence and handrail - 2026. EVERYTHING else in 2024. COOL Things about Indianapolis: * Best places by Conde Nast * Top * 3 sports business city * LinkedIn - city on the rise * Zillow #1 buyer friendly market! * 2027 IU health largest in the world * City market redevelopment coming soon * 2025 30 million visitors each year.

844 Camp Street, Indianapolis

Listing courtesy of Caroline Curry-Cinamon. Keller Williams Indpls Metro N
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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.


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