
Sheldon Barnes
For Sale — 346 N College Avenue, Indianapolis, IN 46202346 N College Avenue
Indianapolis, Indiana 46202
Lockerbie
3
Beds
3
Baths
2,088
Sq Ft
1988
Year Built
0.12
Acres
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Sheldon Barnes can help you tour 346 N College Avenue
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 346 N College Avenue in Lockerbie, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Motivated seller open to offers! Seller is willing to give credits for renovations/etc. Stunning home in the heart of downtown Lockerbie Square! Nestled in Indianapolis' oldest surviving residential neighborhood- dating back to the 1860s and the city's first designated historic district- this home blends timeless character with modern convenience. Inside, you'll find gorgeous woodwork, stained glass details, built in bookshelves, and a striking fireplace surround that showcase the home's craftsmanship. A spiral staircase leads to the third level, offering a spacious storage room already plumbed and ready to be transformed into a fourth bathroom. Third bedroom and versatile flex space/home office upstairs as well. Enjoy the ease of a 2.5 car detached garage with workshop space and alley access- parking this convenient is rare in Lockerbie! Ample storage and beautiful garden beds add to the appeal. Located just two minutes from the Bottleworks District, and offering effortless access to major freeways, this home puts you steps from downtown's vibrant restaurants, cafes, boutiques, entertainment, and more. Sellers are open to a paint/flooring credit. They lived in the home for 21 years! A truly special opportunity- homes like this rarely come to market. Virtual walkthrough link below!
Key things to know
- Original stained glass and built-in bookshelves
- 2.5 car detached garage with workshop space
- Spiral staircase to flex third floor with plumbed space for bath
- Hardwood floors and high ceilings throughout
- Steps from bottleworks district and downtown restaurants
Monthly payment
Estimate · $609,000
$4,497/mo
≈ $3,241 principal & interest · $1,255 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $121,800 on a loan of $487,200.
Price history
- Price reduced$635,000 → $609,000
May 5, 2026
- Listedat $670,000
Nov 24, 2025
Lockerbie · activity
past 6 months
- Sold
- 2
- Median price
- $1,375,000
- Median DOM
- 141 days
Recent comparable sales

$550,000
1719 N New Jersey Street
3bd · 4ba · 2,613 sqft
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$250,000
1901 Carrollton Avenue
3bd · 1ba · 1,472 sqft
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$425,600
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$378,900
1718 Alvord Street
2bd · 3ba · 1,591 sqft
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Comparative value
5 comps in this range
This home is 49% 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
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$670,000Listed· Nov 24, 2025
$609,000Reduced
↓ $61,000 (9.1% off original)
167 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Shower Stall Full,Sinks Double,Suite
Schools
Indianapolis Public Schools
Elementary
Washington Irving Neighborhood School
Middle
H L Harshman Middle School
High
Arsenal Technical High School
Neighborhood
- Downtown Indianapolis0.7 mi
- Monon Trail (Carmel)12.9 mi
- Carmel Central Park13.4 mi
- Carmel High School13.6 mi
- IU Health North Hospital13.7 mi
- Zionsville Community HS14.2 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
2,088 sq ft
Year Built
1988
Stories
Three Or More
Subdivision
Lockerbie
Bedrooms
3
Bathrooms
2 full, 1 half
Garage
2 spaces
School District
Indianapolis Public Schools
