Sheldon Barnes
For Sale — 1949 N Colorado Avenue, Indianapolis, IN 462181949 N Colorado Avenue
Indianapolis, Indiana 46218
Brookside Sunny Grove
$130,000
Schedule a Showing2
Beds
1
Baths
736
Sq Ft
1950
Year Built
0.12
Acres
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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 1949 N Colorado Avenue in Brookside Sunny Grove, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Updated 2-bedroom, 1-bath rental property in Indianapolis offering immediate income potential. This single-family home features approximately 736 square feet, a functional floor plan, updated kitchen and bath finishes, central air, and a detached garage. Currently tenant-occupied, making it a practical option for an investor looking to add a smaller residential rental to their portfolio. Convenient location with access to nearby city amenities, employment centers, and major roadways. Tenant rights apply; please do not disturb tenant.
Key things to know
- Updated kitchen and bath
- Central air conditioning
- 2-car detached garage
- Tenant-occupied with income potential
- Convenient access to employment centers
Monthly payment
Estimate · $130,000
$926/mo
≈ $692 principal & interest · $234 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $26,000 on a loan of $104,000.
Price history
- Listedat $130,000
Apr 30, 2026
Brookside Sunny Grove · activity
past 6 months
- Sold
- 7
- Median price
- $62,500
- Median DOM
- 25 days
Recent comparable sales
$165,900
3141 N Bolton Avenue
2bd · 1ba · 800 sqft
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5402 E 20th Place
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$155,000
1717 N Euclid Avenue
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2937 Kristen Drive E
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Sold May 2026
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2838 E 19th Street
2bd · 1ba · 868 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 17% 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
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$130,000Listed· Apr 30, 2026
1 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis3.8 mi
- Monon Trail (Carmel)11.4 mi
- IU Health North Hospital11.7 mi
- Carmel High School12.1 mi
- Carmel Central Park12.4 mi
- Fishers High School12.7 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
736 sq ft
Year Built
1950
Stories
One
Subdivision
Brookside Sunny Grove
Bedrooms
2
Bathrooms
1 full
Garage
2 spaces
School District
Indianapolis Public Schools