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$899,000545 Fletcher Avenue
For Sale124 days on market

545 Fletcher Avenue

Indianapolis, Indiana 46203

Fletcher

$899,000

$925,000

Schedule a Showing

4

Beds

3

Baths

2,719

Sq Ft

1900

Year Built

0.12

Acres

Sheldon Barnes, Carmel Realtor

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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 545 Fletcher Avenue in Fletcher, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

Rare opportunity to own a turnkey luxury short-term rental property in the heart of Fletcher Place featuring two fully finished homes on one lot. The main residence offers 2,719 square feet of beautifully designed living space, while the separate carriage house adds an additional 1,351 square feet, creating over 4,000 square feet of combined living and guest accommodations. Currently operating as a successful Airbnb, this unique property offers exceptional flexibility for investors, owner-occupants, house hackers, or those seeking a high-demand hospitality asset near downtown Indianapolis. Designed with large groups and entertaining in mind, both homes feature stylish finishes, multiple gathering spaces, updated kitchens, and accommodations ideal for weekend visitors, corporate stays, sporting events, concerts, and convention traffic. The setup creates a rare opportunity to maximize guest capacity while offering privacy and comfort across two separate residences. Located just minutes from Lucas Oil Stadium, Gainbridge Fieldhouse, Fountain Square, and all that downtown Indianapolis has to offer, guests and owners alike enjoy walkable access to dining, nightlife, entertainment, and major event venues. The property has an established history as a professionally operated short-term rental with strong guest appeal and repeat demand. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a one-of-a-kind downtown property with built-in income potential, this is an opportunity that stands out in one of Indianapolis' most sought-after urban neighborhoods.

Listed by Jimmy Perry· Ever Real Estate, LLC· MLS# 22079306

Key things to know

  • Two fully finished homes on one lot
  • Main house: 4 bed, 3 bath with high ceilings and hardwood floors
  • Brand-new 2 bed, 2.5 bath carriage house
  • Established airbnb operation with competitive cap rate
  • Walking distance to lucas oil stadium and fountain square

Monthly payment

Estimate · $899,000

$6,117/mo

$4,785 principal & interest · $1,332 tax

Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $179,800 on a loan of $719,200.

Price history

  1. Price reduced$925,000 → $899,000

    Mar 30, 2026

  2. Listedat $925,000

    Jan 9, 2026

Sold
3
Median price
$220,000
Median DOM
49 days

Comparative value

5 comps in this range

This home is 137% above median for similar nearby sales.

$286K$482KMedian $380K
$899K

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

High CeilingsHardwood FloorsWood Work StainedEntrance Foyer

Climate

Heat: Forced AirHeat: Natural GasCool: Other

THE FACTS

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

Price history

  • $925,000Listed· Jan 9, 2026

  • $899,000Reduced

    $26,000 (2.8% off original)

124 days on market

Layout

Main
128 rooms1,388 sq ft
Upper
317 rooms1,331 sq ft
Basement
1 rooms

Schools

Indianapolis Public Schools

    Neighborhood

    • Downtown Indianapolis0.8 mi
    • Monon Trail (Carmel)13.7 mi
    • Carmel Central Park14.2 mi
    • Carmel High School14.4 mi
    • IU Health North Hospital14.5 mi
    • Zionsville Community HS14.9 mi

    PROPERTY DETAILS

    Combined data from the listing and Hamilton County records

    Living Area

    2,719 sq ft

    Year Built

    1900

    Stories

    Two and a Half

    Subdivision

    Fletcher

    Bedrooms

    4

    Bathrooms

    3 full

    Garage

    2 spaces

    School District

    Indianapolis Public Schools

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