- 5 beds
- 6 baths
- 2,200 sqft
- 5,401 sqft lot
- $443 per sqft
- 1900 build
Welcome to 545 & 547 Fletcher Avenue - a rare opportunity to own two fully finished homes in the heart of downtown Indy. This turnkey property includes a stunning 3-bed, 2.5-bath main home with thoughtfully designed built-in bunks, perfect for guests or added sleeping capacity, along with a brand-new 2-bed, 2.5-bath carriage house offering complete privacy and flexibility for short-term rental or extended stay use. Whether you're seeking a stylish personal residence with bonus income potential or a pure investment play, this one checks all the boxes. Just a short walk to Lucas Oil Stadium, Gainbridge Fieldhouse, and the buzzing Fountain Square district, you or your guests will have front-row access to the city's best events, nightlife, and dining. Currently operating as a successful Airbnb, this property boasts a competitive cap rate with room to push even higher through optimization and dynamic pricing. The layout and design are ideal for hosting, with open-concept living, premium finishes, and a warm, modern aesthetic throughout both homes. Every corner has been carefully crafted for comfort, functionality, and that "wow" factor. This is more than a home-it's a lifestyle asset in one of Indy's most vibrant urban neighborhoods. Reach out today to schedule a private tour and explore the potential firsthand.
Last checked:
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Last updated Jun 24, 2025
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MLS# 22046208 —
The Building
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Year Built:1900
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New Construction:false
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Construction Materials:Wood
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Architectural Style:Victorian
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Foundation Details:Block
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Levels:Two
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Basement:true
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Basement:Cellar, Unfinished
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Exterior Features:Carriage/Guest House
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Patio And Porch Features:Covered Porch, Deck Main Level
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Accessibility Features:No
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Smart Home Features:Appliances WiFi - Some,Thermostat - Programmable
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Green Certification:No
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Upper SqFt:815
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Building Area Total:3585
Interior
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Rooms:15
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Rooms Total:16
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Rooms Total:15
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Interior:Living Room Formal
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Interior Features:Attic Access, Breakfast Bar, Raised Ceiling(s), Center Island, Entrance Foyer, Hardwood Floors, Hi-Speed Internet Availbl, In-Law Arrangement, Eat-in Kitchen, Programmable Thermostat, Walk-in Closet(s), WoodWorkStain/Painted, Wood Work Stained
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Kitchen Features:Kitchen Updated
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Other Equipment:Security Alarm Monitored
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Eating Area:Dining Combo/Kitchen,Formal Dining Room
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Laundry Features:Upper Level
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Fireplaces Total:1
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Fireplace Features:Family Room
Room Dimensions
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SqFt:2200
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Main Level SqFt:1385
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Living Area:2200
Location
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Directions:GPS Friendly
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Latitude:39.760992
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Longitude:-86.147738
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:491112151019000101
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Acres:<1/4 Acre
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Lot Features:Sidewalks, Storm Sewer, Street Lights, Mature Trees
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Lot Size Acres:0.12
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Lot Size SqFt:5,401 Sqft
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Price Per Acre:8125000
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Property Condition:Updated/Remodeled
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Fencing:Fence Full Rear
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Horse Amenities:None
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Fence:Yes
Listing Agent
- Contact info:
- Agent phone:
- (317) 694-3567
- Office phone:
- (317) 513-2775
Taxes
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Tax Lot:49-11-12-151-019.000-101
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Tax Year:2024
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Semi Annual Property Tax Amt:3950
Beds
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Beds:5
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Bedrooms:5
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Bedrooms Total:5
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Primary Bedroom Description:Closet Walk in
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# of Bedrooms Upper:5
Baths
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Baths:6
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Full Baths:4
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Full Baths:4
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Half Baths:2
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Half Baths:2
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Half Baths Main:2
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Full Baths Upper:4
Heating & Cooling
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Heating:Forced Air, Natural Gas
Utilities
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Utilities:Cable Available
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Water Source:Municipal/City
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Solid Waste:No
Appliances
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Appliances:Dishwasher, Disposal, Gas Water Heater, Convection Oven, Gas Oven, Range Hood, Refrigerator, Bar Fridge
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Fletcher
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Association:false
Parking
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Parking Features:Detached, Rear/Side Entry, Storage, Workshop in Garage
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Garage:true
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Garage Spaces:2
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Garage & Parking:Finished Garage,Guest Street Parking,Other
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Garage SqFt:940
Monthly cost estimate

Asking price
$975,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$5,220
|
Taxes | $658 |
Insurance | $268 |
Utilities | $199 See report |
Total | $6,345/mo.* |
*This is an estimate |
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).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/20/25
Jun 20, 2025
|
Listed / Active | MIBOR | $975,000 | 34.5% (12.2% / YR) |
5/2/25
May 2, 2025
|
Price Changed | MIBOR | ||
4/18/25
Apr 18, 2025
|
Price Changed | MIBOR |