Sheldon Barnes
For Sale — 1427 Olive Street, Indianapolis, IN 462031427 Olive Street
Indianapolis, Indiana 46203
Fountain Square
2
Beds
1
Baths
1,039
Sq Ft
1910
Year Built
0.14
Acres
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ABOUT THIS HOME
Welcome to 1427 Olive Street, a refreshed 2-bedroom, 1-bath home located in Indianapolis' Fountain Square neighborhood. Fresh paint throughout creates a bright, clean interior, while the functional layout offers comfortable living spaces that flow easily from the living room to the dining area and kitchen. Both bedrooms are well-sized with natural light, and the centrally located full bath adds convenience. The home presents a move-in-ready opportunity with room for personalization over time. Outside, the fully fenced backyard provides flexible outdoor space suitable for recreation, gardening, or gatherings. The location offers convenient access to several popular Indianapolis destinations. Just minutes away is Fountain Square, known for its local restaurants, music venues, and small businesses. Nearby green space includes Garfield Park, which features walking trails and the historic Sunken Gardens. The Indianapolis Cultural Trail and Pleasant Run Greenway provide additional connectivity to downtown and surrounding areas.1427 Olive Street offers a combination of interior updates, outdoor space, and proximity to local amenities-all within minutes of downtown Indianapolis!
Key things to know
- Hardwood floors throughout
- Fully fenced backyard
- Fresh paint and move-in ready
- Near Fountain Square shops and restaurants
- Walking distance to Garfield Park
Monthly payment
Estimate · $219,900
$1,387/mo
≈ $1,170 principal & interest · $216 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $43,980 on a loan of $175,920.
Price history
- Price reduced$229,900 → $219,900
Apr 23, 2026
- Listedat $239,900
Feb 18, 2026
Fountain Square · activity
past 6 months
- Sold
- 7
- Median price
- $330,000
- Median DOM
- 14 days
Recent comparable sales
$210,000
806 Cameron Street
2bd · 1ba · 827 sqft
Sold May 2026
$208,000
1426 E Bradbury Avenue
3bd · 2ba · 1,320 sqft
Sold May 2026
$125,000
2134 Spann Avenue
3bd · 1ba · 1,085 sqft
Sold May 2026
$75,000
2876 Tindall Street
2bd · 1ba · 912 sqft
Sold May 2026
$55,000
1418 Finley Avenue
2bd · 1ba · 844 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 76% 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
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$239,900Listed· Feb 18, 2026
$219,900Reduced
↓ $20,000 (8.3% off original)
65 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis1.8 mi
- Monon Trail (Carmel)14.6 mi
- Carmel Central Park15.1 mi
- IU Health North Hospital15.2 mi
- Carmel High School15.3 mi
- Carmel Arts & Design District15.9 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,039 sq ft
Year Built
1910
Stories
One
Subdivision
Fountain Square
Bedrooms
2
Bathrooms
1 full
School District
Indianapolis Public Schools