Decatur Homes under $200,000

Decatur Homes under $200,000

Welcome to Decatur, a vibrant neighborhood nestled within the bustling city of Indianapolis, Indiana. With its rich history and close-knit community atmosphere, Decatur is a hidden gem in Marion County, offering residents a perfect blend of suburban charm and urban convenience.

One of the most appealing aspects of Decatur is its affordability, particularly for first-time homebuyers or those looking to invest in real estate. Homes in this area are available for under $200,000, making it an attractive option for families, young professionals, and retirees alike. You’ll find a variety of housing options, from quaint bungalows to cozy ranch-style homes, each exuding unique character and charm.

Decatur boasts excellent local amenities, including parks, schools, and shopping centers, ensuring that everything you need is just a stone's throw away. Families will appreciate the quality education offered by the local school districts, while outdoor enthusiasts can enjoy the numerous parks and recreational facilities that encourage an active lifestyle.

Moreover, Decatur’s strategic location allows for easy access to downtown Indianapolis, where you can enjoy a plethora of dining, entertainment, and cultural experiences. With its friendly atmosphere and affordable housing options, Decatur is not just a place to live; it’s a community where you can thrive and create lasting memories.

Explore the possibilities of making Decatur your new home, where comfort meets convenience in the heart of Indianapolis!

Newest Decatur Homes under $200,000

6844 W Thompson Road, Indianapolis
$179,000
2 Beds ⋅ 1 Baths
Bring your vision to this solid brick home filled with original character and potential! Set on a beautiful, private lot surrounded by mature trees, this former rental offers an exciting opportunity for investors, flippers, or buyers looking to make a classic home their own. Original hardwood floors, built-in cabinetry, rich wood trim, and charming arched openings showcase the home's timeless craftsmanship. A brick fireplace adds character to the living room, while the spacious covered front porch offers a welcoming place to enjoy the peaceful setting. The detached garage provides additional space for parking, storage, or a workshop. With its distinctive architectural details and inviting outdoor surroundings, this property is an appealing canvas for your next project. Whether you're planning your next flip or creating a home that reflects your personal style, there's plenty of opportunity to bring a fresh vision to life while celebrating the character that makes this home special.

6844 W Thompson Road, Indianapolis

Listing courtesy of Highgarden Real Estate.

4051 Standish Drive, Indianapolis
$130,000
3 Beds ⋅ 1 Baths
Welcome to this 3 bedroom, 1 bath home full of potential at 4051 Standish! A great opportunity for investors or buyers ready to add their personal touch. Functional layout, established neighborhood. Sold AS-IS; cash and rehab loans welcome.

4051 Standish Drive, Indianapolis

Listing courtesy of F.C. Tucker Company.

4214 Phoenix Drive, Indianapolis
$192,000
4 Beds ⋅ 1 Baths
4-bedroom, 1-bath home offering comfortable living space, a large fenced backyard, and plenty of potential. The 4th bedroom was created by reducing the size of the existing garage, leaving a smaller garage area with a garage door that may accommodate a small vehicle or provide additional storage. The property is currently tenant occupied, with tenants planning to vacate. The large fenced backyard offers plenty of space for outdoor activities, entertaining, or gardening. A great opportunity for a buyer or investor!

4214 Phoenix Drive, Indianapolis

Listing courtesy of Epique Inc.

3221 S McClure Street, Indianapolis
$130,000
2 Beds ⋅ 1 Baths
**Spacious bungalow with room to make it your own!** Offering 1,768 square feet of living space, this 1941 home features 2 bedrooms, 1 full bathroom, and a versatile 1.5-story layout with one bedroom on the main level and another upstairs. The upper level offers flexibility for a private bedroom, home office, or additional living space. Vinyl siding and windows add to the home's appeal, while the detached 2-car garage provides generous space for parking, storage, or a workshop. Whether you're looking for your next renovation project or an investment opportunity, this property offers plenty of potential. Bring your vision and explore the possibilities! **Property is being sold as-is.**

3221 S McClure Street, Indianapolis

Listing courtesy of Red Bridge Real Estate.

3026 S Lyons Avenue, Indianapolis
$144,900
2 Beds ⋅ 1 Baths
Like New Cozy 2 BR/1BA Home that sits on Two Lots - This Large Backyard gives you room to entertain, have a garden or for your pets! The home features New HVAC, New AC w anti-theft cage, New Chimney, New 50 gal Water Heater, New Kitchen Faucet, Freshly Painted, Sewer line inspected, repaired and cleaned, Attic Access enlarged & move to convenient location, windows wrapped in Aluminum, new gutters & downspouts, Security System and Custom Island added to Kitchen! This home is like new and ready for a new owner! Convenient Location and a Great Value! Mini Barn does NOT stay!

3026 S Lyons Avenue, Indianapolis

Listing courtesy of Landhawk Real Estate.

3333 S Mooresville Road, Indianapolis
$179,000
3 Beds ⋅ 1 Baths
Looking for the perfect opportunity to make a house a home? This one checks all the boxes. Start with a spacious interior (3 bedrooms and an oversized family/living room), great bones and an ideal location close to downtown Indy and you have the perfect canvas to get your creative minds to work. Add a fully fenced back yard, a separate storage shed and a 2-car garage and this one could be truly special! Recent updates to include: Roof and gutters (2021) / Furnace (2017) / Air Conditioner (2022) / Partial sewer line replacement / window (2022).

3333 S Mooresville Road, Indianapolis

Listing courtesy of F.C. Tucker Company.

3333 S Rybolt Avenue, Indianapolis
$95,000
2 Beds ⋅ 1 Baths
Welcome to 3333 S Rybolt Ave in Mars Hill! This move-in-ready, two-bedroom home offers flexible living space and a large, private backyard. A fully finished second story, accessed through the second bedroom, provides additional space for a home office, playroom, or potential third bedroom. Previously used as a rental, this property offers possibilities for a future homeowner or investor. The spacious backyard provides room to relax, garden, entertain, and enjoy the outdoors. Ready for its next chapter, this home is waiting for you!

3333 S Rybolt Avenue, Indianapolis

Listing courtesy of Highgarden Real Estate.

5113 Emmert Drive, Indianapolis
$197,000
3 Beds ⋅ 2 Baths
Welcome Home to 5113 Emmert Drive! This charming 3-bedroom, 2-bath ranch offers comfortable one-level living with a functional floor plan and plenty of potential. Step inside to a bright and inviting living space featuring a cathedral ceiling that creates an open, spacious feel. The primary bedroom includes a walk-in closet, while two additional bedrooms provide flexibility for family, guests, or a home office. Enjoy the convenience of an attached 2-car garage and outdoor space perfect for relaxing, grilling, or entertaining. Don't miss the fully fenced back yard with an amazing setting area and large concrete patio as well as a deck with a shade screen included! Storage is a must see, with the sweet mini barn with it's own overhead garage door! Located in Decatur Township, this home offers convenient access to shopping, dining, schools, and major roadways. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, 5113 Emmert Drive is one you won't want to miss!

5113 Emmert Drive, Indianapolis

Listing courtesy of RE/MAX Advanced Realty.

3051 S Roena Street, Indianapolis
$85,000
1 Beds ⋅ 1 Baths
Welcome to this charming and affordable one-bedroom home located in the Mars Hill neighborhood on Indianapolis' southwest side. Whether you're a first-time buyer, looking to downsize, or searching for an investment property, this home offers a great combination of value and low-maintenance living. The interior has been freshly painted and features new flooring throughout, giving the home a clean, updated feel. Outside, you'll love the newly built covered front porch-a great spot to relax and enjoy the outdoors. A newer roof adds peace of mind, while the manageable corner lot makes exterior upkeep simple. With its recent improvements, affordable price point, and easy-to-maintain size, this property is ready for its next owner. Why rent when homeownership could be within reach? Schedule your showing and come see the possibilities this cozy Indianapolis home has to offer!

3051 S Roena Street, Indianapolis

Listing courtesy of A & B Homes.

4235 S Biltmore Avenue, Indianapolis
$149,900
2 Beds ⋅ 1 Baths
Great Opportunity! 2-bedroom, 1-bath home is ready for you to make it your own! Step inside to find original hardwood floors that add warmth and character, along with an updated bathroom and a spacious eat-in kitchen; Large Great Room; the oversized single-car garage provides plenty of room for parking, hobbies, projects, or extra storage. Outside, enjoy the large, shaded yard situated on a desirable corner lot. The convenient location makes commuting a breeze while keeping you close to shopping, the airport, and everyday amenities. Affordable, functional, and full of character-this little home truly is small in size but mighty in possibilities!

4235 S Biltmore Avenue, Indianapolis

Listing courtesy of Ebeyer Realty, LLC.

3557 Winings Avenue, Indianapolis
$155,000
3 Beds ⋅ 1 Baths
Well-maintained 3-bedroom, 1-bath ranch featuring a fully fenced backyard and convenient carport parking. Numerous updates provide peace of mind, including newer luxury vinyl plank flooring, a new 50-year roof (2026), water heater (2026), and furnace/A/C (2023). Additional improvements include updated flexible gas lines, Leaf Guard gutters, an asphalt driveway, Rhino Shield exterior coating, and a new chimney installed in 2012. The backyard offers plenty of storage with two storage sheds and ample space for outdoor enjoyment. Move-in ready with major mechanical and exterior updates already completed!

3557 Winings Avenue, Indianapolis

Listing courtesy of REMAX ONE.

3465 Carr Avenue, Indianapolis
$192,000
4 Beds ⋅ 1 Baths
Welcome home to 3465 Carr Ave. This property features a thoughtful, single-story layout designed for comfortable everyday living and effortless flow throughout. Step inside to a bright and welcoming living room that leads naturally into the heart of the home. One of the absolute standout features is the generous secondary family room, providing you with the perfect extra square footage for cozy movie nights, a dedicated playroom, or hosting family and friends. The layout includes a quiet primary bedroom alongside versatile additional bedrooms that easily adapt to your lifestyle, whether you need space for a growing household, host accommodations, or a private home office. The kitchen offers a functional footprint with easy access to all main living areas, making everyday meals and entertaining a breeze. Commuting is a breeze with easy access to I-65, putting you right down the street from downtown Indianapolis. Enjoy weekend trips to White River State Park, dinner along Mass Ave, or events at Lucas Oil Stadium-all just a short drive away.

3465 Carr Avenue, Indianapolis

Listing courtesy of Keller Williams Indy Metro NE.

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