LKV Realty
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$220,000
$1,150Reward *
1531 N Downey Avenue, Indianapolis, IN 46219Listing ID 22118137

1531 N Downey Avenue, Indianapolis, IN 46219

Active
Justus Downey
Time on site: 11 daysLast updated: 5 days ago
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
4
Bathrooms
Bathrooms
2
Square Feet
Square Feet
2,388
Acres
Acres
0.16
Days on Site
Days on Site
11
Cooling
Cooling
Central Air
Heating
Heating
Forced Air, Natural Gas
Year Built
Year Built
1955
Garages
Garages
2
Parking
Parking
Detached

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.

Property Information

Property Details

Location

Address
1531 N Downey Avenue
County
Marion
City
Indianapolis
Zip Code
46219
Subdivision
Justus Downey
School District
MSD Warren Township
High School
Warren Central High School
Elementary School
Brookview Elementary School
MLS Area
4905 - Marion - Warren

Interior Features

Beds and Baths

Bedrooms
4
Main Level Bedrooms
3
Full Bathrooms
2

Building

Building Information

Square Feet
2,388
Year Built
1955
Construction
Brick, Stone
Foundation
Block

Financial

Special Conditions
As Is

Property Taxes

Tax Year
2025
@properties

Market Report for 46219

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MIBOR REALTOR® Association
MIBOR REALTOR® Association logo

Based on information submitted to the MLS GRID as of 17 Aug 2026, 11:28 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MBR51403 • MBR45162