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$395,000 -

516 Iowa Street Indianapolis IN 46203

4
Bedrooms
Baths
N/A
SQ. Feet
(Above Ground)
0.13
Acres

Beautifully remodeled & fully updated historic gem in the heart of Bates-Hendricks neighborhood! This turnkey home is currently a cash-flowing short-term rental (STR) with even more earnings potential & comes fully furnished for a seamless transition. Offering 4Beds, 3.5Baths, & 2420 Sq Ft, this home blends historic charm with modern updates including newer mechanicals: Electrical, plumbing, HVAC, roofing, siding, & windows (2023). Guests are welcomed into a bright, spacious entry accented with a modern plant wall feature. Open mudroom-with board-&-batten wall & built-in storage leads into the light-filled, designer kitchen featuring gorgeous tile backsplash, quartz countertops, white cabinetry, & newer stainless steel appliances. Farmhouse pendants illuminate the large breakfast bar with beadboard accent wall, while a stylish coffee bar adds even more function & character. The dining area is grounded with a modern & stylish light fixture, window-seat bench, built-in storage, & flows seamlessly into the roomy living area-perfect for sectional seating & entertaining. A convenient half bath/laundry room is located on the main level, too. This home offers two primary suites: A main-level suite with king-size bed and updated en suite with shower/tub combo and a second-level suite featuring a king bed & en suite with double sinks, a beautifully tiled shower, modern fixtures, and a spacious walk-in closet. The upper floor also includes two additional bedrooms-one currently set with a queen bed, the other with XL-over-queen bunk beds-both just steps from the third full bath with tile floors & shower/tub combo. Outside, enjoy a fully fenced backyard with a firepit and cozy seating area, ideal for entertaining. The 2-car garage is half parking & half a fun, stylish game room complete with ping-pong table. All of this in a walkable location near restaurants, a coffee shop, & Garfield park & only a short drive to everything downtown Indianapolis has to offer!

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Property Details

Price: $395,000 Previously: $395,000 Originally: $395,000 Bedrooms: 4 Bathrooms: 3.50 MLS #: 22071576 Year Built: 1900 Township: Center Sq. Ft Total: 2,588 Type: Residential Zip Code: 46203 City: Indianapolis Subdivision: Beatys County: Marion School District: Indianapolis Public Schools High School: Arsenal Technical High School Middle School: HW Longfellow Med/STEM Magnet Midl

Interior Features

Interior Features:
  • Appliances: Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Gas Oven, Range Hood, Refrigerator, Washer
  • Cooling: Central Air
  • Heating: High Efficiency (90%+ AFUE ), Natural Gas

Exterior Features

Exterior Features:
  • Features: Fire Pit
  • Setting / Lot Description: Corner Lot, Curbs, Sidewalks, Street Lights
  • Porch: Covered
  • # Acres: 0.13

Listing Office: Keller Williams Indy Metro Ne

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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 November 24th, 2025 at 9:26am EST.

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