Sheldon Barnes
For Sale — 1539 Wade Street, Indianapolis, IN 462031539 Wade Street
Indianapolis, Indiana 46203
D M Bradbury & Cos Southeast
3
Beds
2
Baths
1,491
Sq Ft
1935
Year Built
0.12
Acres
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ABOUT THIS HOME
Investor Opportunity in Bean Creek - East of Garfield Park! This property offers a strong value-add opportunity for investors looking to build equity through light rehab. Located in the desirable Bean Creek area just east of Garfield Park, this home presents multiple exit strategies-ideal as a long-term rental or a flip, depending on your investment goals. The home features an enclosed front porch that adds usable square footage and year-round appeal. Inside, a spacious living room flows into a formal dining area, creating a functional layout with good bones. The kitchen has already seen updates and offers ample cabinet space, providing a solid foundation for further improvements. Existing appliances include a refrigerator, stove, and dishwasher. A notable highlight is the presence of 3 bedrooms and 2 full bathrooms, a valuable feature that enhances rental potential and resale value. The home also includes a dedicated laundry room with washer and dryer hookups. Sold As-Is, this property is well-positioned for investors seeking a rehab project with upside in a growing area. With the right vision, this home can be transformed into a strong income-producing asset or a profitable resale.
Key things to know
- Enclosed front porch adds usable space
- 3 bedrooms, 2 full bathrooms
- Kitchen with updates and ample cabinets
- Dedicated laundry room with hookups
- Good bones for renovation
Monthly payment
Estimate · $140,000
$950/mo
≈ $745 principal & interest · $205 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $28,000 on a loan of $112,000.
Price history
- Price reduced$145,000 → $140,000
Mar 22, 2026
- Listedat $145,000
Jan 21, 2026
D M Bradbury & Cos Southeast · activity
past 6 months
- Sold
- 4
- Median price
- $92,500
- Median DOM
- 84 days
Recent comparable sales
$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
$240,000
835 Parkway Avenue
2bd · 1ba · 1,254 sqft
Sold May 2026
$235,000
3115 Salamonie Drive
3bd · 2ba · 1,196 sqft
Sold May 2026
$235,000
747 E McCarty Street
3bd · 2ba · 1,822 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 40% below 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
$145,000Listed· Jan 21, 2026
$140,000Reduced
↓ $5,000 (3.4% off original)
68 days on market
Layout
Primary suite
See Remarks
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis2.7 mi
- Monon Trail (Carmel)15.5 mi
- Carmel Central Park16.0 mi
- IU Health North Hospital16.0 mi
- Carmel High School16.2 mi
- Carmel Arts & Design District16.8 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,491 sq ft
Year Built
1935
Stories
One
Subdivision
D M Bradbury & Cos Southeast
Bedrooms
3
Bathrooms
2 full
Garage
1 spaces
School District
Indianapolis Public Schools