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ABOUT THIS HOME
137 Gulf Dr in Indianapolis-an excellent opportunity for buyers seeking value, space, and standout features not often found in the neighborhood. This home was remodeled in 2020 and includes major system updates that matter most: new roof, gutters, HVAC, water heater, and appliances-all updated in 2020. In addition, the sewer line was replaced within the last five years-a significant upgrade that many homes in the area have not completed, offering added peace of mind for the next owner. The home offers a solid foundation for someone ready to add fresh cosmetic touches and make it their own, with pricing thoughtfully reflecting the opportunity for light updates and personalization. Unlike many nearby homes, this property features two full bathrooms (versus the more common 1.5 baths), a bright sunroom that adds flexible living space, and overhead lighting with ceiling fans throughout. The fully fenced chain-link backyard provides functional outdoor space and includes a peaceful pond view (view only, no access), creating a unique backdrop not found in surrounding properties. The home is being sold as-is, with cosmetic updates needed, which has been factored into the attractive price point. If you're looking for a value-driven opportunity with major mechanicals already handled-and the chance to add your own style-this home delivers features and peace of mind that many nearby options simply don't.
$170,000
$185,000
137 Gulf Dr in Indianapolis-an excellent opportunity for buyers seeking value, space, and standout features not often found in the neighborhood. This home was remodeled in 2020 and includes major system updates that matter most: new roof, gutters, HVAC, water heater, and appliances-all updated in 20...
1,320
Sq Ft
1986
Year Built
3
Bedrooms
2
Bathrooms
Key things to know
- Sold 8.1% below list in 18 days
- Depot subdivision
Sold
$170,000
-$15,000 below list (-8.1%)
- Closed
- Apr 24, 2026
- Listed at
- $185,000
- Sold
- 2 weeks ago
- Sold in
- 18 days
Price history
- Sold$170,000
Apr 24, 2026
- Price reduced$185,000 → $170,000
Mar 27, 2026
- Listedat $185,000
Feb 25, 2026
Depot · activity
past 6 months
- Sold
- 5
- Median price
- $200,000
- Median DOM
- 18 days
Recent comparable sales

$239,900
2931 Byrkit Street
3bd · 1ba · 1,384 sqft
Sold May 2026

$190,000
8817 Depot Drive
3bd · 2ba · 1,506 sqft
Sold May 2026

$270,000
606 Debra Lane
3bd · 1ba · 1,601 sqft
Sold May 2026

$265,000
7525 S Katherine Drive
3bd · 2ba · 1,446 sqft
Sold May 2026

$210,000
2431 Redland Lane
3bd · 3ba · 1,386 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 29% below median for similar nearby sales.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$185,000Listed· Feb 25, 2026
$170,000Reduced
↓ $15,000 (8.1% off original)
18 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Shower Stall Full,Suite
Schools
Perry Township Schools
Elementary
Glenns Valley Elementary School
Middle
Perry Meridian Middle School
High
Perry Meridian High School
Neighborhood
- Downtown Indianapolis9.0 mi
- Monon Trail (Carmel)22.3 mi
- Carmel Central Park22.6 mi
- Zionsville Community HS22.6 mi
- Carmel High School23.0 mi
- IU Health North Hospital23.0 mi
PROPERTY DETAILS
Living Area
1,320 sq ft
Year Built
1986
Stories
One
Subdivision
Depot
Bedrooms
3
Bathrooms
2 full
Garage
1 spaces
School District
Perry Township Schools

