1949 N Colorado Avenue

Indianapolis, IN
$ 129,000 Beds 2 Baths 1 Sq 736
Monthly Estimate* How much can I afford?

Income-producing rental property available in Indianapolis! This well-maintained and updated 2-bedroom, 1-bath home is tenant-occupied and generating immediate cash flow for its next owner. Offering approximately 736 square feet, the property features a practical floor plan, updated kitchen and bath, central air, and a detached garage. Conveniently situated near shopping, dining, employment centers, and major transportation routes, this property presents an excellent opportunity for investors seeking a solid addition to their rental portfolio. Tenant rights apply; please do not disturb the tenant.

Active

  • Price
  • $ 129,000
  • City
  • Indianapolis
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • MARION
  • Half Bathrooms
  • 0
  • Area
  • Center
  • Lot Size
  • 0.12 Acres
  • Zip
  • 46218
  • Sqr Footage
  • 736
  • Year Built
  • 1950
  • Style
  • Bungalow
  • MLS#
  • 22098880
Listed By: Heather Upton with Keller Williams Indy Metro NE;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Forced Air
Cooling Central Air
Utilities Cable Available
Possession Subject To Tenant Rights
Appliances Dishwasher,Gas Water Heater,Gas Oven
Garage Spaces 2
Patio/Porch Features Porch
Architectural Style Bungalow
Construction Materials Vinyl Siding
Year Built 1950
Electric 100 Amp Service
Township Center
Levels One
Property Subtype Single Family Residence
Tax Year 2024
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Brookside Sunny Grove
Garage Y/N Yes
Total Rooms 5
Full Baths 1
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 5271
Property Attached Y/N No
Current Financing Conventional
Property Condition Updated/Remodeled
Standard Status Active
Legal Description Brookside Sunny Grove Add Sec 2 L256

Interior Features

Interior Amenities Eat-in Kitchen
Basement Unfinished
Basement (Y/N) Yes
Total Bedrooms 2
Main Level Bedrooms 2
LivingAreaSource Assessor
Total Baths 1

Exterior Features

Exterior Amenities Not Applicable
Parking Features Detached
Lot Features Not Applicable
Water Source Public
Foundation Details Block
Building Area Total 736
Lot Size Acres 0.12
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Greenwood, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/1/2026 Listed $130,000
5/28/2026 1% - $129,000

Property vs Zip Code Average in 46218

Price
AVG $160K
$130K
Year Built
AVG 1951
1950
Visits
AVG 95
182
Data Provided by Inside Real Estate®

1949 N Colorado Avenue Indianapolis, IN is a Single Family Home for sale at $129000 with 736 sqft and a lot size of 0.12 Acres Acre(s). 1949 N Colorado Avenue Indianapolis has 2 bedrooms, 1 baths and was built in 1950. The property's zip code is 46218 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.