Sheldon Barnes
For Sale — 2418 Wheeler Street, Indianapolis, IN 462182418 Wheeler Street
Indianapolis, Indiana 46218
Shoemakers Sub Parker & Hanways
4
Beds
2
Baths
2,448
Sq Ft
1915
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 2418 Wheeler Street in Shoemakers Sub Parker & Hanways, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.
Key things to know
- Partial renovation already started
- Hardwood floors
- 4 bedrooms, flexible layout
- Close to downtown indianapolis and major roadways
Monthly payment
Estimate · $100,000
$554/mo
≈ $532 principal & interest · $22 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $20,000 on a loan of $80,000.
Price history
- Price reduced$118,000 → $100,000
Feb 24, 2026
- Listedat $118,000
Nov 19, 2025
Recent comparable sales
$160,000
3614 Ralston Avenue
3bd · 2ba · 1,910 sqft
Sold Apr 2026
$215,000
2535 N Bancroft Street
3bd · 2ba · 1,999 sqft
Sold Apr 2026
$50,000
2439 N Gale Street
3bd · 1ba · 2,064 sqft
Sold Apr 2026
$190,000
3512 N Keystone Avenue
3bd · 2ba · 1,768 sqft
Sold Apr 2026
$272,000
1924 N Lesley Avenue
5bd · 3ba · 2,600 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 47% 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
$118,000Listed· Nov 19, 2025
$100,000Reduced
↓ $18,000 (15.3% off original)
109 days on market
Layout
Schools
Indianapolis Public Schools
High
Arsenal Technical High School
Neighborhood
- Downtown Indianapolis3.3 mi
- Monon Trail (Carmel)10.8 mi
- IU Health North Hospital11.3 mi
- Carmel High School11.5 mi
- Carmel Central Park11.6 mi
- Carmel Arts & Design District12.1 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
2,448 sq ft
Year Built
1915
Stories
Two
Subdivision
Shoemakers Sub Parker & Hanways
Bedrooms
4
Bathrooms
2 full
School District
Indianapolis Public Schools