Sheldon Barnes
For Sale — 531 N Alton Avenue, Indianapolis, IN 46222531 N Alton Avenue
Indianapolis, Indiana 46222
No Subdivision
3
Beds
1
Baths
1,645
Sq Ft
1927
Year Built
0.1
Acres
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ABOUT THIS HOME
This 3-bedroom, 1-bath home is currently rented for $1,200 per month and offers dependable cash flow in a central Indianapolis location. The layout is efficient and easy to maintain, appealing to a wide range of tenants. Conveniently located near downtown, parks, and transit options. A solid investment property with steady rental performance.
Key things to know
- Active rental income $1,200/month
- Central Indianapolis location near downtown
- Transit and parks nearby
- 1-car garage
- Forced air heating, central air
Monthly payment
Estimate · $150,000
$971/mo
≈ $798 principal & interest · $173 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $30,000 on a loan of $120,000.
Price history
- Price reduced$160,000 → $150,000
Apr 15, 2026
- Listedat $160,000
Jan 14, 2026
Recent comparable sales
$315,000
2014 W Michigan Street
3bd · 3ba · 2,070 sqft
Sold May 2026
$250,000
4513 Patricia Street
3bd · 2ba · 1,720 sqft
Sold May 2026
$195,100
1909 N Goodlet Avenue
4bd · 2ba · 1,176 sqft
Sold May 2026
$187,000
417 N Goodlet Avenue
3bd · 3ba · 1,560 sqft
Sold Apr 2026
$85,000
2609 Jackson Street
3bd · 1ba · 1,201 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 23% 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
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$160,000Listed· Jan 14, 2026
$150,000Reduced
↓ $10,000 (6.3% off original)
92 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis3.2 mi
- Zionsville Community HS13.0 mi
- Carmel Central Park13.5 mi
- Monon Trail (Carmel)13.7 mi
- Carmel High School14.4 mi
- Carmel Arts & Design District15.0 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,645 sq ft
Year Built
1927
Stories
One and One Half
Subdivision
No Subdivision
Bedrooms
3
Bathrooms
1 full
Garage
1 spaces
School District
Indianapolis Public Schools