501 E Markwood Avenue, Indianapolis, IN 46227

• 2 beds |
• 4 baths |
• 3,949 sqft

Property Description

Property Highlights: Asking Price: $449,000 Location: 501 E. Markwood Ave, Indianapolis, IN Commercial Zoning with redevelopment and mixed-use potential Income-producing apartment building 12 asphalt parking spaces providing ample on-site parking for tenants and visitors Convenient access to major highways, downtown Indianapolis, shopping, restaurants, and public transportation Strong opportunity for investors seeking stable cash flow and long-term appreciation This property is ideal for investors looking to add a versatile, income-generating asset to their portfolio while benefiting from the flexibility of commercial zoning and generous on-site parking. Don't miss this opportunity to invest in one of Indianapolis' growing neighborhoods.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 5:17AM

Listing Office:

United Real Estate Indpls : 317-798-5755

Listing Agent:

Virender Kumar : 317-798-5755

MLS ID:

22107644

Interior

• General: Hardwood Floors
• Appliances: DishwasherRefrigerator
• A/C: Central Air
• Heating: Forced Air
• Fireplace: Living RoomWood BurningFireplaces: 1

Exterior

• Style: Traditional

Construction

• General: TwoBlockCrawl Space

Location

• Originating MLS: mibor
• School District: Perry Township Schools
• County: Marion

Lot

• Zoning: Homedell 75Ft N End L58 & L59 Ex Hwy491136120003000574

Utilities

• Water: Public

Financial

• Source: mibor