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- Description
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Street View
$899,000
Monthly Est:$4,475
4 Beds
- 3 Baths
3 full baths
2,719sqft
545 Fletcher Ave, Indianapolis, IN 46203
$899,000
$4,475/moEst:
Get Pre-Approved
Single Family Residence
Built in 1900
$-- HOA
5,227.2 sqft lot
$331/sq.ft
Description
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.
- Houzeo last checked: 4 minutes ago
- Listing updated: July 16, 2026 at 10:22 pm
- Listing Provided by: Jimmy Perry | Ever Real Estate, LLC (317) 513-2775
- Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN | MLS#: 22114368

Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
Year Built
1900
HOA Fees
-
Finished Area
2,719 sqft
Lot Size
5,227.2 sqft lot
Basement Area
- sqft
MLS Name
Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS
MLS Number
22114368
MLS Status
Active
Days on Market
85
Cumulative Days on Market
622

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 3
Dining Room
Level: Main
Area: 225.00 Square Feet
Dimensions: 15X15
Family Room
Level: Main
Area: 224.00 Square Feet
Dimensions: 16X14
Bedroom 4
Level: Main
Area: 182.00 Square Feet
Dimensions: 14X13
Bedroom 3
Level: Upper
Area: 156.00 Square Feet
Dimensions: 13X12
Bedroom 2
Level: Upper
Area: 240.00 Square Feet
Dimensions: 16X15
Living Room
Level: Main
Area: 225.00 Square Feet
Dimensions: 15X15
Loft
Level: Upper
Area: 70.00 Square Feet
Dimensions: 10X07
Kitchen
Level: Main
Area: 196.00 Square Feet
Dimensions: 14X14
Bonus Room
Level: Upper
Area: 120.00 Square Feet
Dimensions: 12X10
Master Bedroom
Level: Upper
Area: 240.00 Square Feet
Dimensions: 16X15
Interior
Flooring
Hardwood
Heating
Forced Air, Natural Gas
Appliances
Gas Oven, Gas Water Heater
Cooling
Other
Interior Features
High Ceilings, Wood Work Stained, Entrance Foyer
Construction
Year Built
Year Built: 1900
Home type
Single Family Residence
Construction Materials
Wood Siding
Foundation Details
Block
Architectural Style
Traditional
Utilities & Energy
Water Source
Public
Fireplace Features
Family Room
Basement
Unfinished
Parking Features
Attached
Laundry Features
Upper Level
Other Features
Patio And Porch Features
Covered
Lot Features
Sidewalks, Storm Sewer, Street Lights, Mature Trees
Subdivision Name
Fletcher
Price History
| Date | Event | Price |
|---|---|---|
07/15/2026 Source: | Listed for Sale | $899,000 $331/sqft |
07/10/2026 Source: | Listing Removed | $899,000 $331/sqft |
03/30/2026 Source: | Price Decreased | $899,000 -2.81% $331/sqft |
01/09/2026 Source: | Listed for Sale | $925,000 $340/sqft |
01/09/2026 Source: | Price Decreased | $925,000 -5.13% $340/sqft |
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Getting Around 545 Fletcher Ave
Bike Score®
Biker's Paradise
98/100
Walk Score®
Very Walkable
89/100
Transit Score®
Good Transit
62/100
Data provided by Redfin
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Based on information from MIBOR REALTOR® Association through Oct 09, 2026, 12:15AM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.
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