Sheldon Barnes
For Sale — 923 S State Avenue, Indianapolis, IN 46203923 S State Avenue
Indianapolis, Indiana 46203
Fountain Square
$280,000
Schedule a Showing3
Beds
2
Baths
1,638
Sq Ft
2016
Year Built
0.05
Acres
Schedule a tour or ask a question
Sheldon Barnes can help you tour 923 S State 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 923 S State Avenue in Fountain Square, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Located in the heart of Fountain Square, one of Indianapolis's most sought-after and vibrant neighborhoods, this charming 3-bedroom, 1.5-bath multi-level traditional American town home offers the perfect blend of character, convenience, and income potential. Step inside to discover a warm and inviting layout designed for both everyday living and entertaining. The home features boutique-style finishes that elevate its appeal, while the multi-level design provides functional separation of space. Outside, enjoy a fully fenced rear yard with privacy fencing-ideal for gatherings, pets, or simply relaxing-complete with a cozy patio space. A one-car garage adds additional convenience and storage. What truly sets this property apart is its proven performance as a short-term rental. Current ownership has demonstrated strong Airbnb income potential, making this an exceptional opportunity for investors or those seeking supplemental income. Situated just minutes from downtown, you'll enjoy easy access to major highways, local hotspots, dining, nightlife, and entertainment. Whether you're exploring the eclectic charm of Fountain Square or heading into downtown Indianapolis for work or play, this location delivers unmatched accessibility and lifestyle appeal. Don't miss your chance to own a home that offers not just a place to live-but a smart investment in one of Indianapolis' most dynamic communities.
Key things to know
- Fireplace
- Fountain Square subdivision
Monthly payment
Estimate · $280,000
$2,013/mo
≈ $1,490 principal & interest · $523 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $56,000 on a loan of $224,000.
Price history
- Listedat $280,000
May 4, 2026
Fountain Square · activity
past 6 months
- Sold
- 7
- Median price
- $330,000
- Median DOM
- 14 days
Recent comparable sales
$208,000
1426 E Bradbury Avenue
3bd · 2ba · 1,320 sqft
Sold May 2026
$380,000
605 Parkway Avenue
3bd · 2ba · 2,003 sqft
Sold May 2026
$240,000
835 Parkway Avenue
2bd · 1ba · 1,254 sqft
Sold May 2026
$235,000
3115 Salamonie Drive
3bd · 2ba · 1,196 sqft
Sold May 2026
$482,000
962 Elm Street
3bd · 4ba · 2,047 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 17% 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
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$280,000Listed· May 4, 2026
4 days on market
Layout
Primary suite
See Remarks
Primary bath
Tub Full with Shower
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis1.8 mi
- Monon Trail (Carmel)14.1 mi
- Carmel Central Park14.7 mi
- IU Health North Hospital14.7 mi
- Carmel High School14.8 mi
- Carmel Arts & Design District15.4 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,638 sq ft
Year Built
2016
Stories
Multi/Split
Subdivision
Fountain Square
Bedrooms
3
Bathrooms
1 full, 1 half
Garage
1 spaces
School District
Indianapolis Public Schools