321 S Hamilton Avenue, Indianapolis, IN 46201

• 3 beds |
• 1 bath |
• 1,296 sqft

Property Description

3-bedroom, 1-bathroom single-family home offering flexibility for both owner-occupants and investors. The home features two bedrooms on the main level, one bedroom upstairs, and a full bathroom on the upper level. A detached one-car garage with alley access provides convenient off-street parking and additional storage. Conveniently located less than two miles from Fountain Square, Fletcher Place, and Downtown Indianapolis, you'll enjoy quick access to dining, entertainment, shopping, and major employers. Recent improvements include a new roof with plywood, gutters, and downspouts installed in July 2026, a new furnace installed in November 2025, and a new water heater installed in April 2025. The property is currently occupied by a long-term tenant who has been in place since 2016. Current rent is below market, presenting an opportunity to increase rental income over time while also offering flexibility for a future owner-occupant. Address Note: Google Maps displays the address as 321 Hamilton Ave, while Apple Maps shows the correct address as 321 S Hamilton Ave.

Listing Status:

Active

Data Last Updated:

August 24, 2026 at 7:18AM

Listing Office:

Rize Commercial Realty LLC : 317-657-9985

Listing Agent:

Karanjod Cheema : 317-657-9985

MLS ID:

22116598

Interior

• General: Hardwood Floors
• Appliances: Other
• A/C: Central Air
• Heating: Natural Gas

Exterior

• Style: Traditional
• Other Structures: Covered
• Parking: Detached

Construction

• General: TwoPoured Concrete

Location

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

Lot

• Zoning: B D Brooks 3rd Add L78491007105010000101

Utilities

• Water: Public

Financial

• Source: mibor