Sheldon Barnes
For Sale — 1529 Kennington Street, Indianapolis, IN 462251529 Kennington Street
Indianapolis, Indiana 46225
Franks Sub Woodruffs Sub B F Morris
$200,000
Schedule a Showing2
Beds
1
Baths
780
Sq Ft
1956
Year Built
0.1
Acres
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ABOUT THIS HOME
Welcome to a beautifully renovated 2br/1ba single family home in the Bates Hendricks neighborhood. Located on a quiet residential street, it is only a mile from the center of Fountain Square's vibrant area with popular restaurants, cafes, and local shopping as well as only 1.5 mile from downtown Indianapolis. Completely renovated a few years back, this home was rebuilt with quality, comfort, and modern living in mind. Currently operating as high-performing mid-term furnished rental and corporate housing (1 to 6 month stays) with high ROI, this property can be used as a turnkey investment opportunity with strong income potential. Higher income potential if operated as short-term rental. Preference is to sell this home as a package with other properties also operating as mid-term furnished rentals (15 units in total) with the others being: 5724 Julian Ave (six 1br/1ba units), 1305 Ringgold (duplex with 3br/3.5ba townhouses), 717 Randolph (duplex with 2br/2ba townhouses) and 1525 Kennington (duplex with 3br/2ba townhouses) - a total of 15 units producing high revenues. The duplex at 1525 Kennington is the neighboring property to this home.
Key things to know
- Completely renovated a few years ago
- One mile from fountain square restaurants and shops
- Currently operating mid-term furnished rental
- Central air and forced air heating
- Walkable to downtown indianapolis
Monthly payment
Estimate · $200,000
$1,215/mo
≈ $1,064 principal & interest · $151 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $40,000 on a loan of $160,000.
Price history
- Listedat $200,000
Dec 25, 2025
Recent comparable sales
$199,900
324 E Southern Avenue
2bd · 2ba · 912 sqft
Sold Apr 2026
$110,000
215 Kansas Street
2bd · 1ba · 784 sqft
Sold Mar 2026
$212,500
1902 Charles Street
2bd · 2ba · 950 sqft
Sold Mar 2026
$129,900
2245 Union Street
2bd · 1ba · 724 sqft
Sold Mar 2026
$193,000
121 W Gimber Street
3bd · 2ba · 1,008 sqft
Sold Jan 2026
Comparative value
5 comps in this range
This home is 3.6% 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
$200,000Listed· Dec 25, 2025
47 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis1.6 mi
- Monon Trail (Carmel)14.8 mi
- Carmel Central Park15.2 mi
- Carmel High School15.5 mi
- IU Health North Hospital15.5 mi
- Zionsville Community HS15.8 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
780 sq ft
Year Built
1956
Stories
One
Subdivision
Franks Sub Woodruffs Sub B F Morris
Bedrooms
2
Bathrooms
1 full
School District
Indianapolis Public Schools