Sheldon Barnes
For Sale — 1231 S Meridian Street, Indianapolis, IN 462251231 S Meridian Street
Indianapolis, Indiana 46225
Mccartys
6
Beds
6
Baths
2,564
Sq Ft
2012
Year Built
0.07
Acres
Schedule a tour or ask a question
Sheldon Barnes can help you tour 1231 S Meridian 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 1231 S Meridian Street in Mccartys, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
A rare opportunity to own a fully renovated 6-bedroom home offering exceptional flexibility-perfect as a spacious primary residence or a high-potential Airbnb investment. This impressive property features 6 bedrooms, 5.5 baths, and over 3,200 sq/ft across three finished levels. Each bedroom is equipped with its own private bath, TV, and keypad entry, creating a unique setup ideal for short-term rental potential or comfortable multi-generational living. The updated kitchen with stainless steel appliances opens to inviting common areas, perfect for gathering and entertaining. Enjoy the covered front porch, a large second-level walk-out balcony, and a full basement with washer/dryer connections. Situated on a generous 3/4-acre lot, there is ample space for parking and future expansion. Meticulously maintained and move-in ready, this home offers versatility that is hard to find. Located just 0.7 miles from Eli Lilly and a short distance to downtown Indianapolis, you'll enjoy quick access to the Indiana Convention Center, Lucas Oil Stadium, and all the dining, entertainment, and attractions the city has to offer-while still being removed from the hustle and bustle of downtown living. Lot east of the property is included with this sale (1230 Charles St.). A must-see property with endless possibilities.
Key things to know
- Each bedroom has ensuite bath and keypad entry
- Three finished levels with 3,200+ sq ft
- Second-level walk-out balcony
- Updated kitchen with stainless steel appliances
- Adjacent lot included in sale
Monthly payment
Estimate · $483,000
$3,682/mo
≈ $2,571 principal & interest · $1,112 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $96,600 on a loan of $386,400.
Price history
- Listedat $495,000
Apr 8, 2026
Mccartys · activity
past 6 months
- Sold
- 2
- Median price
- $17,000
- Median DOM
- 88 days
Recent comparable sales
$215,000
264 E Caven Street
5bd · 2ba · 2,842 sqft
Sold Apr 2026
$150,000
1902 S Delaware Street
5bd · 3ba · 2,008 sqft
Sold Jan 2026
$412,500
1749 Union Street
5bd · 3ba · 2,365 sqft
Sold Jan 2026
$120,000
233 Kansas Street
6bd · 2ba · 1,840 sqft
Sold Aug 2025
$365,000
1510 S Talbott Street
5bd · 3ba · 1,956 sqft
Sold May 2025
Comparative value
5 comps in this range
This home is 125% 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
$495,000Listed· Apr 8, 2026
27 days on market
Layout
Primary suite
Closet Walk in,Sitting Room
Primary bath
Suite
Schools
Indianapolis Public Schools
Middle
James A Garfield School 31
High
Arsenal Technical High School
Neighborhood
- Downtown Indianapolis1.2 mi
- Monon Trail (Carmel)14.5 mi
- Carmel Central Park14.8 mi
- Carmel High School15.2 mi
- IU Health North Hospital15.3 mi
- Zionsville Community HS15.4 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
2,564 sq ft
Year Built
2012
Stories
Three Or More
Subdivision
Mccartys
Bedrooms
6
Bathrooms
5 full, 1 half
School District
Indianapolis Public Schools