Sheldon Barnes
For Sale — 3912 Terrace Avenue, Indianapolis, IN 462033912 Terrace Avenue
Indianapolis, Indiana 46203
No Subdivision
3
Beds
1
Baths
750
Sq Ft
1930
Year Built
0.17
Acres
Schedule a tour or ask a question
Sheldon Barnes can help you tour 3912 Terrace 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 3912 Terrace Avenue, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
This 3-bedroom, 1-bath home is currently rented for $1,000 a month and delivers consistent income in a convenient southside location. Just minutes from downtown Indianapolis, it offers easy access to shopping, highways, and public transit. The layout is efficient and tenant-friendly, with room for future updates if desired. A great addition to any rental portfolio.
Key things to know
- 3-car garage
- Established rental income
- Central air and natural gas heat
- Walkable to downtown and transit
Monthly payment
Estimate · $130,000
$888/mo
≈ $692 principal & interest · $196 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $26,000 on a loan of $104,000.
Price history
- Price reduced$140,000 → $130,000
Apr 15, 2026
- Listedat $140,000
Jan 9, 2026
Recent comparable sales
$210,000
806 Cameron Street
2bd · 1ba · 827 sqft
Sold May 2026
$75,000
2876 Tindall Street
2bd · 1ba · 912 sqft
Sold May 2026
$55,000
1418 Finley Avenue
2bd · 1ba · 844 sqft
Sold May 2026
$150,000
1237 E Pleasant Run Parkway South Drive
2bd · 1ba · 672 sqft
Sold May 2026
$125,000
1524 Pleasant Street
2bd · 1ba · 796 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 4.0% 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
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$140,000Listed· Jan 9, 2026
$130,000Reduced
↓ $10,000 (7.1% off original)
97 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis3.4 mi
- Monon Trail (Carmel)14.5 mi
- IU Health North Hospital14.8 mi
- Carmel High School15.2 mi
- Carmel Central Park15.3 mi
- Fishers High School15.7 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
750 sq ft
Year Built
1930
Stories
One
Subdivision
No Subdivision
Bedrooms
3
Bathrooms
1 full
Garage
3 spaces
School District
Indianapolis Public Schools