Sheldon Barnes
For Sale — 712 Terrace Avenue, Indianapolis, IN 46203712 Terrace Avenue
Indianapolis, Indiana 46203
South Park Sub South Park Add
2
Beds
2
Baths
1,904
Sq Ft
1885
Year Built
0.08
Acres
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ABOUT THIS HOME
Discover this fully remodeled home in the heart of Bates-Hendricks, blending modern updates with timeless character and historic charm.Step inside to an open-concept living space, perfect for entertaining-offering plenty of seating at the kitchen peninsula, as well as spacious living and family rooms. Hardwood floors, original fireplace mantle with antique tile, and detailed woodwork at the living room entry create a warm, inviting atmosphere. A bedroom and full bath on the main level provide convenience and flexibility for any stage of life. The third room (without egress) offers a great option for a home office, guest room, or additional bedroom.Enjoy the practicality of a large mudroom with ample storage, ideal for keeping your home organized and clutter-free. Located just minutes from Downtown Indianapolis, Fountain Square, Fletcher Place, and Garfield Park, with easy access to Broad Ripple, this home offers both comfort and convenience. Whether you're looking for your next personal residence or a great Airbnb investment opportunity, this property has it all! Bonus room upstairs has no egress but works great as a oversized 3rd bedroom.
Key things to know
- Hardwood floors throughout with original fireplace mantle
- Open-concept kitchen with breakfast bar peninsula
- Primary bedroom and full bath on main level
- Large mudroom with storage
- Bonus room upstairs (no egress)
Browse by room
13 rooms · 33 photos
Monthly payment
Estimate · $310,000
$2,109/mo
≈ $1,650 principal & interest · $459 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $62,000 on a loan of $248,000.
Price history
- Price reduced$315,000 → $310,000
Feb 27, 2026
- Listedat $335,000
Oct 24, 2025
Recent comparable sales
$380,000
605 Parkway Avenue
3bd · 2ba · 2,003 sqft
Sold May 2026
$482,000
962 Elm Street
3bd · 4ba · 2,047 sqft
Sold May 2026
$235,000
747 E McCarty Street
3bd · 2ba · 1,822 sqft
Sold May 2026
$316,000
908 Dawson Street
3bd · 2ba · 1,594 sqft
Sold May 2026
$335,000
518 Terrace Avenue
3bd · 3ba · 1,622 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 7.5% 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
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$335,000Listed· Oct 24, 2025
$310,000Reduced
↓ $25,000 (7.5% off original)
176 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis1.5 mi
- Monon Trail (Carmel)14.6 mi
- Carmel Central Park15.0 mi
- Carmel High School15.3 mi
- IU Health North Hospital15.3 mi
- Zionsville Community HS15.7 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,904 sq ft
Year Built
1885
Stories
TwoOne and One Half
Subdivision
South Park Sub South Park Add
Bedrooms
2
Bathrooms
2 full
Garage
1 spaces
School District
Indianapolis Public Schools