Address
1531 N Downey Avenue, Indianapolis, IN
Price
$ 205,000
Property Attributes
- MLS#22118137
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaWarren
- NeighborhoodJustus Downey
- Zip46219
- StyleTraditional
- Year Built1955
- Taxes$ 5924
- Price$ 205,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2388
- Lot Size0.16 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
Priced to sell! Welcome to 1531 N Downey Ave, a solid all-brick home offering an exceptional opportunity to build equity in one of Indianapolis' growing east-side neighborhoods. Conveniently located just minutes from Community Hospital East, Irvington, shopping, dining, and commuter routes, this home is ideal for buyers looking for space, value, and long-term potential. This 4-bedroom, 2-bathroom home also features an additional bedroom in the basement, providing flexibility for a growing family, home office, guest suite, or rental opportunity. The main level offers a spacious living room with a wood-burning fireplace, while the kitchen is equipped with granite countertops, stainless steel appliances, a wine cooler, and an included washer and dryer. Downstairs, the partially finished basement adds substantial square footage and includes a full bathroom, offering incredible potential to expand the finished living space and further increase the home's value. Whether you're an owner-occupant looking to personalize your next home or an investor seeking a value-add opportunity, this property offers multiple paths to success. With great bones, a desirable brick exterior, and room to add your own finishing touches, 1531 N Downey Ave is your chance to walk into significant equity at an attractive price. Don't miss this opportunity to unlock this home's full potential.
| Elementary School | High School |
|---|---|
| Brookview Elementary School | Warren Central High School |
| Price History | |
|---|---|
| 8/6/2026 | Listed $220,000 |
| 8/20/2026 | 7$205,000 |
General Features
| Heating | Forced Air,Natural Gas |
|---|---|
| Cooling | Central Air |
| Possession | Closing |
| Appliances | Dishwasher,Microwave,Electric Oven,Refrigerator,Gas Water Heater |
| Garage Spaces | 2 |
| Architectural Style | Traditional |
| Construction Materials | Brick,Stone |
| Year Built | 1955 |
| Township | Warren |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Justus Downey |
| Garage Y/N | Yes |
| Total Rooms | 13 |
| Full Baths | 2 |
| Status | Active |
| High School | Warren Central High School |
| City | Indianapolis |
| High School District | MSD Warren Township |
| MLS Area | 4905 - Marion - Warren |
| Lot Size Square Feet | 7057 |
| Elementary School | Brookview Elementary School |
| Property Attached Y/N | No |
| Standard Status | Active |
| Tax Lot | 41 |
| Legal Description | Justus Downey Ave Add L41 |
Interior Features
| Interior Amenities | Attic Access,Built-in Features,Paddle Fan |
|---|---|
| Basement | Finished Walls,Partially Finished |
| Total Fireplaces | 2 |
| Fireplace Features | Basement,Family Room,Living Room |
| Basement (Y/N) | Yes |
| Total Bedrooms | 4 |
| Below Grade Finished Area | 453 |
| Main Level Bedrooms | 3 |
| LivingAreaSource | Assessor |
| Total Baths | 2 |
Exterior Features
| Parking Features | Detached |
|---|---|
| Water Source | Public |
| Foundation Details | Block |
| Building Area Total | 2388 |
| Lot Size Acres | 0.16 |
| Other Equipment | Smoke Alarm |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46219
Price
Taxes
Year Built
Visits
MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than REMAX Edge may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 21, 2026 7:37 PM UTC
