2031 Central Avenue
Indianapolis, IN 46202
Map
- – beds
- – baths
- – sqft
- 5,837 sqft lot
- 1880 build
Stunning 5-Bedroom Home in Herron-Morton Place with Income Potential! Welcome to this beautifully updated and spacious 5-bedroom, 4-bathroom home located in the highly desirable Herron-Morton Place neighborhood of downtown Indianapolis. This residence perfectly blends historic charm with modern luxury and is ideal for homeowners seeking space, style, and investment opportunity.Step inside to discover an abundance of natural light pouring through large windows, highlighting the generous square footage and thoughtful layout. The home boasts a brand-new kitchen outfitted with high-end finishes and modern appliances, along with completely renovated bathrooms throughout. The fully finished basement features a separate entrance, 1 bedroom, 1 full bathroom, a generous living room, separate office or workout room, and a kitchenette-making it an ideal income-generating rental, guest suite, or in-law or au pair quarters. Additional highlights include:Brand new 2-car garage with adjacent parking pad for additional parking. Prime walkability to some of Indy's best restaurants including Loco Mexican, Baby's, Bocca, and Tinker Street; Close proximity to downtown hospitals (just a 5-minute drive!) Easy access to the Monon Trail and Cultural Trail for biking and outdoor adventures; This is a rare opportunity to own a large, light-filled home in one of the city's most vibrant neighborhoods. Whether you're looking for a forever home, a house hack with rental income, or a stylish urban retreat-this property checks all the boxes. Schedule your private tour today!
Last checked:
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Last updated Jun 13, 2025
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MLS# 22044833 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1880
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New Construction:false
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Construction Materials:Vinyl With Brick
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Architectural Style:TraditonalAmerican
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Roof:Asphalt
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Levels:Two
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Basement:true
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Basement:Apartment, Partially Finished
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Green Certification:No
Interior
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Laundry Features:Upper Level
Location
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Directions:GPS Friendly
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Latitude:39.794691
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Longitude:-86.149279
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:490636226011000101
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Acres:<1/4 Acre
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Lot Size Acres:0.13
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Lot Size SqFt:5,837 Sqft
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Price Per Acre:5384615
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Zoning:Residential
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Property Condition:Updated/Remodeled
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Structure Type:Townhouse
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Current Use:Residential
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Possible Use:Residential
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Road Access:Frontage Road
Listing Agent
- Contact info:
- Agent phone:
- (317) 691-7705
- Office phone:
- (317) 489-3441
Taxes
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Tax Lot:6
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Tax Year:2024
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Tax Exemptions:None
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Semi Annual Property Tax Amt:1438
Heating & Cooling
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Heating:Forced Air
Utilities
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Solid Waste:Yes
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Citizens National Bank Sub Johns
Parking
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Parking:2 Car Garage,Guest Parking
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Parking Features:Detached
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Garage Spaces:2
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/13/25
Jun 13, 2025
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Listed / Active | MIBOR | $700,000 | 86.7% (75.3% / YR) |
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4/19/24
Apr 19, 2024
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MIBOR | $375,000 | -5.0% | |
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2/15/24
Feb 15, 2024
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MIBOR | $394,900 |
