1303 E Castle Avenue

Indianapolis, IN
$ 199,000 Beds 2 Baths 1 Sq 1,628
Monthly Estimate* How much can I afford?

Super cute and full of possibilities, this beautifully updated home near the University of Indianapolis offers a unique opportunity for flexible living. The main home has been refreshed with newer flooring and paint, creating a bright, welcoming feel that is move-in ready from day one. What truly sets this property apart is the converted detached garage. It could be used as a rental opportunity, private guest space, home office, studio, or separate living quarters for a college student, parent, or extended family member. Whether you are looking to offset your mortgage with rental income or simply enjoy the convenience of multi-generational living, this property offers incredible versatility. Located just minutes from the University of Indianapolis, this charming home combines character, updates, and opportunity in one special package.

Active

  • Price
  • $ 199,000
  • City
  • Indianapolis
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • MARION
  • Half Bathrooms
  • 0
  • Area
  • Perry
  • Lot Size
  • 0.34 Acres
  • Zip
  • 46227
  • Sqr Footage
  • 1,628
  • Year Built
  • 1930
  • Taxes
  • $ 4318
  • Style
  • Bungalow
  • MLS#
  • 22115849
Listed By: Trisha Benefield with REALTY WORLD-Harbert Company;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Natural Gas
Cooling Central Air
Possession Closing
Appliances Dishwasher,Disposal,Gas Water Heater,Microwave,Electric Oven,Refrigerator
Garage Spaces 1
Architectural Style Bungalow
Construction Materials Vinyl Siding
Year Built 1930
Township Perry
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Elders University Heights
Garage Y/N Yes
Total Rooms 6
Full Baths 1
Status Active
Directions GPS Friendly
City Indianapolis
High School District Adelante Schools
MLS Area 4907 - Marion - Perry
Lot Size Square Feet 14941
Elementary School Emma Donnan Elementary and Middle
Property Attached Y/N No
Current Financing Conventional,FHA,VA
Standard Status Active
Tax Lot 171
Legal Description Elders University Hts L170,L171 & Pt L169 & L168 Beg Ne Cor Lot 171 P.O.B. Se141.37' W140' N134.8' E100' To Beg

Interior Features

Interior Amenities Pantry
Total Fireplaces 1
Fireplace Features Wood Burning
Basement (Y/N) Yes
Laundry Features In Unit
Total Bedrooms 2
Main Level Bedrooms 2
LivingAreaSource Assessor
Total Baths 1

Exterior Features

Fencing Chain Link,Fence Complete
Parking Features Detached,Gravel
Water Source Public
Foundation Details Block
Building Area Total 1628
Lot Size Acres 0.34
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 Emma Donnan Elementary and Middle
Middle School Unknown Middle School
High School Unknown High School

Price History

7/24/2026 Listed $199,000

Property vs Zip Code Average in 46227

Price
AVG $270K
$200K
Taxes
AVG $3,210
$4,318
Year Built
AVG 1957
1930
Visits
AVG 54
50
Data Provided by Inside Real Estate®

1303 E Castle Avenue Indianapolis, IN is a Single Family Home for sale at $199000 with 1628 sqft and a lot size of 0.34 Acres Acre(s). 1303 E Castle Avenue Indianapolis has 2 bedrooms, 1 baths and was built in 1930. The property's zip code is 46227 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.