$450,000

1406 Fletcher Avenue, Indianapolis, IN 46203

3 beds |
2 baths |
2,040 sqft

Single-Family Home
Built in 1945
3,920sqft lot
2 car garage
$221/sqft
Listed 2 days ago

Property Description

Classic character. Modern income. Prime location. Welcome to the charm of the past blended seamlessly with the future in one of Indy's most sought-after downtown neighborhoods, Fountain Square. This 2-bedroom home showcases rich hardwood floors throughout, a gourmet-style kitchen built for gathering, and a stunning original fireplace wrapped in intricate tile work that gives the space warmth and personality. Solid wood trim and classic windows highlight the craftsmanship and detail that make historic homes in this area so desirable. Out back, the opportunity gets even better: a detached carriage home ADU built in 2024 that's already generating $1,500 per month in rental income. Whether you're offsetting your mortgage, building long-term wealth, or creating a flexible living setup, this property delivers built-in income from day one. Historic charm in the front. Modern cash flow in the back. In a location that continues to appreciate and attract. This is the kind of property that works for you.

Listing Status:: Active
Data Last Updated:: February 16, 2026 at 7:19AM
Listing Office:: Highgarden Real Estate : 317-698-3575
Listing Agent:: Leyton Wellbaum : 317-698-3575
MLS ID:: 22084080

General: High CeilingsKitchen IslandHardwood FloorsCeiling VaultedWalk-In Closet(s)
Appliances: Gas CooktopDishwasherElectric Water HeaterDisposalGas OvenRefrigeratorMicrowaveWater HeaterWasherDryer
Basement: Interior Entry
A/C: Central AirWindow Unit(s)Wall Unit(s)
Heating: Forced Air
Fireplace: Family RoomLiving RoomFireplaces: 1

General: Carriage/Guest House
Style: Craftsman
Parking: AttachedGarage Door Opener

General: One Leveland + LoftOne and One HalfBrick/Mortar

Originating MLS: mibor
School District: Indianapolis Public Schools
County: Marion

Zoning: Fletcher Avenue Town Homes #1 L425b491007112340001101
View: NeighborhoodView

Water: Public

Source: mibor

This listing courtesy of Leyton Wellbaum , Highgarden Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

William McKinley Elementary School 39

1733 Spann Ave, Indianapolis, IN, 46203

Grades PK-6

0.32 miles away

Longfellow STEM Magnet Middle School

510 Laurel St, Indianapolis, IN, 46203

Grades 7-8

0.10 miles away

Arsenal Technical High School

1500 E Michigan St, Indianapolis, IN, 46201

Grades 9-12

1.25 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.