Sheldon Barnes
For Sale — 1010 Bates Street, Indianapolis, IN 462021010 Bates Street
Indianapolis, Indiana 46202
Bates
2
Beds
1
Baths
1,524
Sq Ft
1900
Year Built
0.08
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 1010 Bates Street in Bates, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Located in the heart of Fountain Square, this 2-bedroom, 1-bathroom home has been used as a rental property for many years and is ready for its next chapter. The property offers a great opportunity for investors or buyers looking to renovate and build equity. With its prime location just minutes from downtown, restaurants, shops, and all the entertainment Fountain Square has to offer, this home has strong potential as a rental, flip, or personal residence. Bring your vision and restore this property to its full potential.
Key things to know
- Fountain square location near downtown
- Rental history and investor-ready
- Central air and forced air heating
- Walkable to restaurants and shops
Monthly payment
Estimate · $119,900
$717/mo
≈ $638 principal & interest · $79 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $23,980 on a loan of $95,920.
Price history
- Price reduced$125,000 → $119,900
Apr 21, 2026
- Listedat $125,000
Apr 9, 2026
Recent comparable sales
$250,000
1901 Carrollton Avenue
3bd · 1ba · 1,472 sqft
Sold May 2026
$425,600
510 E Vermont Street
2bd · 3ba · 1,938 sqft
Sold May 2026
$378,900
1718 Alvord Street
2bd · 3ba · 1,591 sqft
Sold May 2026
$375,500
1204 Polk Street
3bd · 3ba · 1,410 sqft
Sold May 2026
$472,000
2043 Bellefontaine Street
3bd · 3ba · 1,970 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 68% below median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$125,000Listed· Apr 9, 2026
$119,900Reduced
↓ $5,100 (4.1% off original)
13 days on market
Layout
Schools
Indianapolis Public Schools
Elementary
Washington Irving Neighborhood School
Middle
HW Longfellow Med/STEM Magnet Midl
High
Arsenal Technical High School
Neighborhood
- Downtown Indianapolis1.0 mi
- Monon Trail (Carmel)13.6 mi
- Carmel Central Park14.0 mi
- IU Health North Hospital14.2 mi
- Carmel High School14.2 mi
- Carmel Arts & Design District14.9 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,524 sq ft
Year Built
1900
Stories
Two
Subdivision
Bates
Bedrooms
2
Bathrooms
1 full
School District
Indianapolis Public Schools