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$197,500 -

631 Terrace Avenue Indianapolis IN 46203

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.08
Acres

It's your lucky day! Buyer financing fell through so we're back on the market. Be part of the exciting revival of the Old Southside, Bates-Hendricks, and South Park neighborhoods. This early 20th-century duplex offers a unique opportunity for investors or visionary homeowners. With over 2,600 total square feet (m/l), the property is ready for renovation-restore it to its original single-family layout or update both units for solid rental income. The main level features 3 bedrooms and 2 full bathrooms, while the upper unit includes 1 bedroom and 1 full bathroom, accessible via a separate entrance. Whether you're looking to house hack, invest, or fully restore, there's plenty of space and potential to bring your vision to life. Explore the possibilities in one of Indy's most rapidly evolving areas, just minutes from downtown, restaurants, entertainment, and public transit. All appliances in the home stay.

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Property Details

Price: $197,500 Previously: $197,500 Originally: $210,000 Bathrooms: 0.00 MLS #: 22039038 Year Built: 1902 Township: Center Type: Residential Income Zip Code: 46203 City: Indianapolis Subdivision: South Park County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Cooling: None
  • Heating: None

Exterior Features

Exterior Features:
  • Setting / Lot Description: Sidewalks
  • # Acres: 0.08

Listing Office: Exp Realty, Llc

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on December 19th, 2025 at 8:40am EST.

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