
Sheldon Barnes
For Sale — 1041 S East Street, Indianapolis, IN 462251041 S East Street
Indianapolis, Indiana 46225
Bates
$350,000
Schedule a Showing2
Beds
2
Baths
808
Sq Ft
1920
Year Built
0.05
Acres
Schedule a tour or ask a question
Sheldon Barnes can help you tour 1041 S East Street
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 1041 S East Street in Bates, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Unique Residential or Commercial Opportunity - Active Short-Term Rental Near Downtown Rare opportunity to own a commercially zoned property currently operating as a successful Airbnb just minutes from downtown. This beautifully updated two-bedroom, two-bath space offers a flexible layout featuring a spacious loft and an expansive upper deck with stunning city views. Thoughtfully renovated with modern finishes, the interior boasts open-concept living areas, updated kitchen and baths, and abundant natural light throughout. The large loft provides additional sleeping or lounge space, maximizing guest capacity and rental appeal. The private upper-level deck is a true highlight - perfect for entertaining or relaxing while enjoying panoramic skyline views. Located near downtown with excellent walkability to restaurants, breweries, coffee shops, and entertainment, this property sits in a highly desirable area for both short-term rental guests and business visibility. Easy access to major highways, cultural districts, and local attractions further enhances its value. Ideal for investors seeking immediate income potential, entrepreneurs wanting a live/work concept, or buyers looking for a distinctive commercial space in a prime urban location. A rare blend of location, versatility, and income-producing potential - opportunities like this don't come around often.
Key things to know
- Commercially zoned property
- Active short-term rental income
- Rooftop deck with city views
- Loft with flexible sleeping/lounge space
- Updated kitchen and bathrooms
Browse by room
11 rooms · 27 photos
Monthly payment
Estimate · $350,000
$2,207/mo
≈ $1,863 principal & interest · $344 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $70,000 on a loan of $280,000.
Price history
- Listedat $350,000
Apr 6, 2026
Recent comparable sales

$185,000
225 E Minnesota Street
2bd · 1ba · 1,016 sqft
Sold May 2026

$199,900
324 E Southern Avenue
2bd · 2ba · 912 sqft
Sold Apr 2026

$110,000
215 Kansas Street
2bd · 1ba · 784 sqft
Sold Mar 2026

$212,500
1902 Charles Street
2bd · 2ba · 950 sqft
Sold Mar 2026

$129,900
2245 Union Street
2bd · 1ba · 724 sqft
Sold Mar 2026
Comparative value
5 comps in this range
This home is 89% above 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
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$350,000Listed· Apr 6, 2026
1 days on market
Layout
Primary suite
See Remarks
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis1.2 mi
- Monon Trail (Carmel)14.3 mi
- Carmel Central Park14.7 mi
- Carmel High School15.0 mi
- IU Health North Hospital15.0 mi
- Zionsville Community HS15.4 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
808 sq ft
Year Built
1920
Stories
Two
Subdivision
Bates
Bedrooms
2
Bathrooms
2 full
School District
Indianapolis Public Schools
