Sheldon Barnes
For Sale — 225 N New Jersey Street, Indianapolis, IN 46204225 N New Jersey Street
Indianapolis, Indiana 46204
Lockerbie Terrace
2
Beds
2
Baths
2,315
Sq Ft
2003
Year Built
0.03
Acres
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ABOUT THIS HOME
This fully updated fifth-floor condo offers luxurious single-level living in the heart of downtown. Featuring 2 bedrooms, an office, and 2 full baths, the split floor plan occupies the southwest corner of the building, offering panoramic views from the new IU Health Downtown Hospital to Eli Lilly & Company. Engineered hardwood floors guide you from the chef's kitchen, equipped with Sub-Zero, Wolf & Cove appliances, into an open dining and living area, perfect for relaxing or entertaining. The spacious primary suite includes a large bedroom and a spa-like bathroom with heated tile floors and Kohler Anthem digital shower controls. Located adjacent to historic Lockerbie Square, Lockerbie Terrace offers maintenance-free living with a rooftop deck and on-site gym. Two deeded parking spaces (1 indoor, 1 outdoor) are included, and you're just steps from Mass Ave, Whole Foods, Needler's, Hot Room Yoga, Commissary, and more. Also available for long term lease. Home is available fully furnished / furnishings are negotiable. Welcome home to Lockerbie Terrace 52!
Key things to know
- Fifth-floor corner unit with panoramic downtown views
- Chef's kitchen with sub-zero, wolf & cove appliances
- Spa-like primary bath with heated tile floors and digital shower
- Open floor plan with office space
- Rooftop deck and on-site gym
Monthly payment
Estimate · $780,000
$5,743/mo
≈ $4,151 principal & interest · $684 tax · $908 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $156,000 on a loan of $624,000.
Price history
- Price reduced$790,000 → $780,000
Mar 31, 2026
- Listedat $824,900
Jun 20, 2025
Lockerbie Terrace · activity
past 6 months
- Sold
- 4
- Median price
- $365,000
- Median DOM
- 168 days
Recent comparable sales
$440,000
350 N Meridian Street N
2bd · 3ba · 1,663 sqft
Sold May 2026
$400,000
355 E Ohio Street
2bd · 2ba · 1,629 sqft
Sold Apr 2026
$455,000
334 E Ohio Street
3bd · 4ba · 2,280 sqft
Sold Feb 2017
$847,500
355 E Ohio Street
3bd · 4ba · 2,854 sqft
Sold Aug 2023
$549,900
223 N Alabama Street
3bd · 4ba · 2,280 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 71% above 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
$824,900Listed· Jun 20, 2025
$780,000Reduced
↓ $44,900 (5.4% off original)
285 days on market
Layout
Primary suite
Bedroom Split,Closet Walk in
Primary bath
Shower Stall Full,Sinks Double,Suite
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis0.4 mi
- Monon Trail (Carmel)13.1 mi
- Carmel Central Park13.5 mi
- Carmel High School13.8 mi
- IU Health North Hospital13.9 mi
- Zionsville Community HS14.2 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
2,315 sq ft
Year Built
2003
Stories
One
Subdivision
Lockerbie Terrace
Bedrooms
2
Bathrooms
2 full
Garage
1 spaces
School District
Indianapolis Public Schools