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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 264 E Caven Street in Hildebrands, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

Welcome to an exceptional opportunity in the heart of one of Indy's most sought-after neighborhoods-Bates-Hendricks! This rare all-brick, 5-bedroom, 2 full bath home offers the perfect blend of historic character, size, and investment potential. With 2,842 square feet across the main and upper levels, this property is a true diamond in the rough-ideal for investors, house hackers, or buyers looking to create their dream home in a rapidly appreciating area. Step inside and envision the possibilities. The home features a unique layout with a separate upper-level living space, complete with 2 bedrooms, a full bath, and its own kitchen, making it perfectly suited for multi-generational living, rental income, or a duplex-style conversion. A side deck w/ private entrance enhances the flexibility and privacy of the upstairs unit-an incredibly desirable feature. Outside, you'll find amenities that are nearly impossible to come by in this neighborhood: A detached 1-car garage (a rare find in Bates-Hendricks) Gravel parking pad with space for 4 vehicles And the crown jewel-the adjacent vacant lot at 272 E Caven St can be INCLUDED in the sale w/ the right offer. This additional lot provides endless possibilities: expand the existing home, build new construction, create a private outdoor oasis, or hold as a long-term investment. Opportunities like this-side-by-side parcels in Bates-Hendricks-are extremely scarce. Located just minutes from downtown Indy, Fountain Square, and major highways, you're perfectly positioned to enjoy the growth, development, and vibrant community that make this area one of the city's hottest markets.

Listed by Lindsey Winkhart· RE/MAX Advanced Realty· MLS# 22090643
Recently SoldSold in 5 days

$225,000

5Beds
2Baths
2,842Sq Ft

Welcome to an exceptional opportunity in the heart of one of Indy's most sought-after neighborhoods-Bates-Hendricks! This rare all-brick, 5-bedroom, 2 full bath home offers the perfect blend of historic character, size, and investment potential. With 2,842 square feet across the main and upper level...

Listed by Lindsey Winkhart· RE/MAX Advanced Realty· MLS# MBR22090643

2,842

Sq Ft

1951

Year Built

5

Bedrooms

2

Bathrooms

Key things to know

  • Sold 4.4% below list in 5 days
  • Basement
  • Hildebrands subdivision

Sold

$215,000

-$10,000 below list (-4.4%)

Closed
Apr 14, 2026
Listed at
$225,000
Sold
4 weeks ago
Sold in
5 days

Price history

  1. Sold$215,000

    Apr 14, 2026

  2. Listedat $225,000

    Mar 21, 2026

Comparative value

5 comps in this range

This home is 47% below median for similar nearby sales.

$210K$433KMedian $405K
$215K

FEATURES & AMENITIES

Interior

Attic AccessEntrance FoyerPaddle FanHi-Speed Internet AvailblEat-in KitchenPantry

Climate

Heat: Forced AirHeat: Natural GasCool: None

THE FACTS

Pricing trajectory, room-by-room layout, schools, and what's nearby.

Price history

  • $225,000Listed· Mar 21, 2026

5 days on market

Layout

Main
316 rooms1,421 sq ft
Upper
214 rooms1,421 sq ft

Schools

Indianapolis Public Schools

    Neighborhood

    • Downtown Indianapolis1.8 mi
    • Monon Trail (Carmel)15.0 mi
    • Carmel Central Park15.4 mi
    • Carmel High School15.7 mi
    • IU Health North Hospital15.7 mi
    • Zionsville Community HS16.0 mi

    PROPERTY DETAILS

    Living Area

    2,842 sq ft

    Year Built

    1951

    Stories

    Two

    Subdivision

    Hildebrands

    Bedrooms

    5

    Bathrooms

    2 full

    Garage

    1 spaces

    School District

    Indianapolis Public Schools

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