Recently Sold — 223 W 31st Street, Indianapolis, IN 46208Schedule a tour or ask a question
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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 223 W 31st Street in Topps Garden Place, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Charming and well-maintained property located in the heart of Indianapolis! This home is currently tenant-occupied, generating $1,000/month in rent - with plenty of upside potential as current rents are below market value for the area. Whether you're an investor seeking steady cash flow or a homeowner looking for your next project, this property offers exceptional flexibility and opportunity. Inside, you'll find a comfortable layout with inviting living spaces, ample natural light, and classic character throughout. The home has a two car garage and off-street parking, and easy access to nearby amenities. Located just minutes from Downtown Indianapolis, Ivy Tech, the Children's Museum, and major highways, this property is in a rapidly developing area with strong rental demand and rising property values. Highlights: Current rent: $1,000/month (well below market) Tenant in place - start earning income immediately Great starter home, rental, or flip opportunity Convenient central location near downtown, schools, and parks Showings require 24-48 hour advance notice Don't miss this chance to add a solid performer to your portfolio or transform it into your next beautiful home. Schedule your showing today and see the potential at 233 W 31st St!
$119,999
Charming and well-maintained property located in the heart of Indianapolis! This home is currently tenant-occupied, generating $1,000/month in rent - with plenty of upside potential as current rents are below market value for the area. Whether you're an investor seeking steady cash flow or a homeown...
1,816
Sq Ft
1920
Year Built
3
Bedrooms
1.1
Bathrooms
Key things to know
- Sold 5.0% below list in 114 days
- Fireplace
- Finished basement (345 sqft)
- Topps Garden Place subdivision
Sold
$114,000
-$5,999 below list (-5.0%)
- Closed
- Apr 8, 2026
- Listed at
- $119,999
- Sold
- 1 month ago
- Sold in
- 114 days
Price history
- Sold$114,000
Apr 8, 2026
- Listedat $119,999
Oct 9, 2025
Topps Garden Place · activity
past 6 months
- Sold
- 3
- Median price
- $190,000
- Median DOM
- 114 days
Recent comparable sales

$538,000
820 W 54th Street
4bd · 2ba · 2,232 sqft
Sold May 2026

$320,000
950 W 28th Street
3bd · 3ba · 1,713 sqft
Sold May 2026

$375,000
4123 Graceland Avenue
3bd · 3ba · 1,803 sqft
Sold May 2026

$145,729
3052 Skylar Lane
2bd · 2ba · 1,674 sqft
Sold May 2026

$75,000
354 W 26th Street
3bd · 1ba · 2,084 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 64% below median for similar nearby sales.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$119,999Listed· Oct 9, 2025
114 days on market
Layout
Primary suite
See Remarks
Primary bath
Tub Full with Shower
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis3.0 mi
- Monon Trail (Carmel)10.4 mi
- Carmel Central Park10.7 mi
- Carmel High School11.1 mi
- Zionsville Community HS11.4 mi
- IU Health North Hospital11.5 mi
PROPERTY DETAILS
Living Area
1,816 sq ft
Year Built
1920
Stories
Two
Subdivision
Topps Garden Place
Bedrooms
3
Bathrooms
1 full, 1 half
Garage
2 spaces
School District
Indianapolis Public Schools

