
Sheldon Barnes
For Sale — 1514 N College Avenue, Indianapolis, IN 462021514 N College Avenue
Indianapolis, Indiana 46202
Butlers Ext of North
5
Beds
4
Baths
4,807
Sq Ft
1865
Year Built
0.26
Acres
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Sheldon Barnes can help you tour 1514 N College Avenue
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 1514 N College Avenue in Butlers Ext Of North, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Once in a lifetime opportunity to own an incredible Historic Home in amazing location downtown Indianapolis. This stunning 5 bedrooms, 3.5 bath Italianate property in the heart of Indianapolis Old Northside has been meticulously updated and it offers 4,800 sq ft of elegant living, dual-zone high efficiency heat pumps and timeless architectural details. It sits on a double lot with a great amount of outdoor space, large yard, deck and stone patio surrounded by large mature trees. This incredible home was built just after the civil war. The master suite has an updated bath, separate shower and bathtub. An extra walk-in closet was added upstairs for extra storage. The $200,000 kitchen remodel has all new state of the art stainless steel appliances, Subzero refrigerator, wolf gas range and oven, dishwasher, microwave and incredible cabinetry. The exterior with rare brick Italianate, brand new roof, $78,000 in double pane storm windows makes this home a must see. The wine cellar in the basement has room for 1,000 bottles of wine, temperature controlled, and your guests will be amazed as you entertain in this space. Let's not forget the fully finished 580 sq ft Carriage House with slate roof, two bedrooms, one bath, modern kitchen, living and laundry area. It sits across the lovely courtyard, it is perfect for guests, in-law quarters and can add around $10,800/year in rental income, a rare opportunity to own a luxury home that "pays you back". Enjoy a 3-car garage and a large courtyard which offers plenty of parking space. Walkable access to Mass Ave, Bottleworks and the Cultural Trail. Schedule a private showing today.
Key things to know
- Carriage house with 2 bed/1 bath and rental income potential
- Wine cellar with temperature control for 1,000 bottles
- Subzero and wolf appliances in recently remodeled kitchen
- Double lot with mature trees and courtyard
- $78,000 in double-pane storm windows and new roof
Browse by room
19 rooms · 79 photos
Monthly payment
Estimate · $999,000
$6,007/mo
≈ $5,317 principal & interest · $690 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $199,800 on a loan of $799,200.
Price history
- Price reduced$1,050,000 → $999,000
Apr 8, 2026
- Listedat $1,299,999
Oct 17, 2025
Butlers Ext Of North · activity
past 6 months
- Sold
- 4
- Median price
- $935,000
- Median DOM
- 123 days
Recent comparable sales

$940,000
1826 N Delaware Street
5bd · 4ba · 3,982 sqft
Sold May 2026

$935,000
1440 Broadway Street
5bd · 4ba · 5,334 sqft
Sold May 2026

$705,000
1715 Carrollton Avenue
5bd · 4ba · 3,399 sqft
Sold Apr 2026

$1,155,000
1948 Central Avenue
5bd · 4ba · 4,344 sqft
Sold Apr 2026

$940,000
1548 Broadway Street
4bd · 4ba · 4,065 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 6.3% 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
$1,299,999Listed· Oct 17, 2025
$999,000Reduced
↓ $300,999 (23.2% off original)
174 days on market
Layout
Primary suite
Fireplace
Primary bath
Shower Stall Full,Suite,Tub Full with Separate Shower
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis1.5 mi
- Monon Trail (Carmel)11.9 mi
- Carmel Central Park12.4 mi
- Carmel High School12.6 mi
- IU Health North Hospital12.7 mi
- Carmel Arts & Design District13.3 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
4,807 sq ft
Year Built
1865
Stories
TwoOne and One Half
Subdivision
Butlers Ext of North
Bedrooms
5
Bathrooms
3 full, 1 half
Garage
3 spaces
School District
Indianapolis Public Schools
