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$350,0001041 S East Street
For Sale1 days on market

1041 S East Street

Indianapolis, Indiana 46225

Bates

2

Beds

2

Baths

808

Sq Ft

1920

Year Built

0.05

Acres

Sheldon Barnes, Carmel Realtor

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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.

Listed by Sarah Fishburn· F.C. Tucker Company· MLS# 22086547

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

  1. Listedat $350,000

    Apr 6, 2026

Comparative value

5 comps in this range

This home is 89% above median for similar nearby sales.

$110K$213KMedian $185K
$350K

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

High CeilingsHi-Speed Internet Availbl

Climate

Heat: Forced AirCool: Central Air

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

Main
114 rooms488 sq ft
Upper
112 rooms320 sq ft

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

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