Sheldon Barnes
For Sale — 1546 Hoefgen Street, Indianapolis, IN 462031546 Hoefgen Street
Indianapolis, Indiana 46203
Downeys Southeast
4
Beds
1
Baths
1,276
Sq Ft
1920
Year Built
0.12
Acres
Schedule a tour or ask a question
Sheldon Barnes can help you tour 1546 Hoefgen 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 1546 Hoefgen Street in Downeys Southeast, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Whether you're looking for your next flip or a first home where you can build massive sweat equity, this is the one. This 3-bedroom, 1-bath traditional home offers over 1,700 sq. ft. of raw potential in one of Indy's most resilient investment pockets. Rare 3-bedroom footprint at this price point. The main floor features spacious living areas and a kitchen with character-rich cabinetry and a dishwasher already in place. A full, unfinished basement provides easy access to mechanicals and significant potential for a workshop or storage. Includes a detached garage, a long private driveway for off-street parking, and a fully fenced backyard, ideal for pets or future entertaining. Commuters will love the instant access to I-65, putting Downtown Indy and the surrounding suburbs just minutes away. You're also a short bike ride from the breweries, art galleries, and nightlife of Fountain Square and the sprawling green space of Garfield Park. This property is the perfect canvas for a savvy investor or a motivated starter-home buyer ready to trade some elbow grease for a high-value asset. At this price, the equity is just waiting to be unlocked. Bring your vision and your contractor. *Roof is 8 years old, water heater 1 year old, hvac 10 years old.
Key things to know
- 3 bedrooms, 1 bath in established neighborhood
- Unfinished basement with mechanicals accessible
- Fenced backyard and detached 2-car garage
- Near fountain square breweries and garfield park
- Roof 8 years old, water heater 1 year old
Monthly payment
Estimate · $135,000
$779/mo
≈ $719 principal & interest · $60 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $27,000 on a loan of $108,000.
Price history
- Price reduced$140,000 → $135,000
Apr 18, 2026
- Listedat $140,000
Mar 16, 2026
Downeys Southeast · activity
past 6 months
- Sold
- 4
- Median price
- $124,900
- Median DOM
- 51 days
Recent comparable sales
$149,900
4909 Hyperion Court
5bd · 1ba · 1,268 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
$235,000
3115 Salamonie Drive
3bd · 2ba · 1,196 sqft
Sold May 2026
$335,000
830 Olive Street
3bd · 2ba · 1,294 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 35% 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
$140,000Listed· Mar 16, 2026
$135,000Reduced
↓ $5,000 (3.6% off original)
34 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis2.8 mi
- Monon Trail (Carmel)15.7 mi
- Carmel Central Park16.2 mi
- IU Health North Hospital16.2 mi
- Carmel High School16.3 mi
- Carmel Arts & Design District17.0 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,276 sq ft
Year Built
1920
Stories
Two
Subdivision
Downeys Southeast
Bedrooms
4
Bathrooms
1 full
Garage
2 spaces
School District
Indianapolis Public Schools