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$125,000
13 Days On Site

1501 Fletcher Avenue
Indianapolis, IN 46203

For Sale|Single Family Residence|Pending
8
Beds
4
Total Baths
4
Full Baths
3,171
SqFt
$39
/SqFt
1890
Built
Subdivision:
Spann & Cos 2nd Woodlawn Add
County:
Marion
Listing courtesy of Carpenter, REALTORS® 3178472695

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 317-590-4074
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317-590-4074
1501 Fletcher Avenue1501 Fletcher Avenue1501 Fletcher Avenue1501 Fletcher Avenue
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Monthly Payment (Est.)

$570
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If ever there was a worthy renovation project, this is it! Originally built as a grand single-family home (or so we believe), 1501 Fletcher Ave was converted into a 4-unit apartment building at some point in the 30s or 40s. Time has been hard on her, and she has been empty for many decades, but that doesn't mean she can't have a bright future! Just look to her left & right to see the revitalization of Fletcher Ave, at the heart of Fountain Square. If you'll stroll the street, you can imagine what she can be again, surrounded by new and restored homes in the $500k range. She wants to be one of those! She longs for the pitter patter of little feet in her nearly 4000sf. She craves a flower garden in the huge back yard and ferns hanging on the porch, perhaps with a big, old dog sleeping on his watch. She waits to host a new owner on the upper balcony, waiving to the neighbors on a Sunday afternoon. Have you got the vision, the passion, the patience and the means to craft this story? It will be well worth it! Right now, as best we can tell, she is broken up into 4 apartments, each with 2 bedrooms, a living room, kitchen & bath. She does need everything - starting with a gut job to figure out her original floor plan. She appears structurally sound, all the floors are level, the ceilings are high, original doorways and trim remain. She can be beautiful; and at the entry price, there is definitely upside for the investment, but this is no small weekend warrior project. ** SELLER WILL RECEIVE OFFERS UNTIL NOON ON 10/7/2025 & WILL RESPOND BY 7PM SAME DAY **

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Listing Snapshot
Price 
$125,000
Days On Site 
13 Days
Bedrooms 
8
Inside Area (SqFt) 
3,171 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.1 Acres
Year Built 
1890
MLS® Number 
22066251
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a week agoStatus changed to Pending
a week agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.1
Direction Faces 
West
Foundation 
Block
Levels 
Two
Parking 
Alley AccessOn Street
Property Condition 
Fixer
Property Sub Type 
Single Family Residence
SqFt Total 
3946
Style 
TraditionalVictorian
Utilities 
Cable AvailableNatural Gas AvailableSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
None
Basement 
Crawl SpaceUnfinished
Fireplace 
Yes
Fireplace Features 
Wood Burning
Fireplaces 
1
Heating 
NoneNatural Gas
Interior 
Entrance Foyer
Main Level Bedrooms 
4
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Exterior Features
Construction Details 
Vinyl SidingBrick
Lot Features 
City LotCorner Lot
Patio And Porch 
CoveredDeck
Community Features
Horse Property 
None
MLS Area 
4910 - Marion - Center
School District 
Indianapolis Public Schools
Township 
Center
Schools
School District
Indianapolis Public Schools
Elementary School
William McKinley School 39
Middle School
HW Longfellow Med/STEM Magnet Midl
High School
Arsenal Technical High School
Listing courtesy of Carpenter, REALTORS® 3178472695



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. 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 is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2025-10-18 05:34 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

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Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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