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Sheldon Barnes can help you tour 223 W 31st 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 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.

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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!

Listed by Patrick McNeill· Ask Pat About Real Estate· MLS# 22066702
Recently SoldSold in 114 days

$119,999

3Beds
1.1Baths
1,816Sq Ft

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...

Listed by Patrick McNeill· Ask Pat About Real Estate· MLS# MBR22066702

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

  1. Sold$114,000

    Apr 8, 2026

  2. Listedat $119,999

    Oct 9, 2025

Sold
3
Median price
$190,000
Median DOM
114 days

Comparative value

5 comps in this range

This home is 64% below median for similar nearby sales.

$75K$538KMedian $320K
$114K

FEATURES & AMENITIES

Interior

Attic Access

Climate

Heat: Forced AirHeat: PropaneHeat: Natural GasCool: Central Air

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

Main
3 rooms781 sq ft
Upper
313 rooms690 sq ft
Basement
1 rooms345 sq ft finished

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

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