About This Home

This 2-bedroom, 1-bathroom single family at 1303 E Castle Avenue in Indianapolis, IN is listed for $199,000 ($244 per sqft). Built in 1930, the home offers 814 sqft of living space on a 0.34 acres lot.

Key Features

  • Built in 1930
  • 0.34 acre lot
  • Fireplace

Property Details

1 story
1 full
1930

Amenities

FireplaceA/C
Listing Description

Super cute and full of possibilities, this beautifully updated home near the University of Indianapolis offers a unique opportunity for flexible living. The main home has been refreshed with newer flooring and paint, creating a bright, welcoming feel that is move-in ready from day one.

What truly sets this property apart is the converted detached garage. It could be used as a rental opportunity, private guest space, home office, studio, or separate living quarters for a college student, parent, or extended family member. Whether you are looking to offset your mortgage with rental income or simply enjoy the convenience of multi-generational living, this property offers incredible versatility.

Located just minutes from the University of Indianapolis, this charming home combines character, updates, and opportunity in one special package.

Monthly Cost Estimate

$1,064/mo

20% down · 6.5% · 30 years

Principal$144
Interest$862
Insurance$58

Estimates only. Actual payments may vary.

Location

1303 E Castle Avenue

Indianapolis, IN 46227

Elders University Heights

Features & Amenities

Interior Features

Pantry

Property Details

Construction

Vinyl Siding

Heating

Natural Gas

Cooling

Central Air

Appliances

DishwasherDisposalGas Water HeaterMicrowaveElectric OvenRefrigerator

Questions & Answers

This 2-bedroom, 1-bathroom single family at 1303 E Castle Avenue is listed at $199,000 ($244/sqft). The estimated monthly payment is $1,064 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930, 0.34 acre lot, Fireplace. Interior Features: Pantry.

This property is listed by Trisha Benefield and can be reached at (317) 885-8858.

TB

Trisha Benefield

Agent at REALTY WORLD-Harbert Company, Inc.

(317) 885-8858

Listed by REALTY WORLD-Harbert Company, Inc. · Broker phone: (317) 885-8858 · View on Broker Site

MLS# 22115849· Source: Broker Listing Cooperative®· 62 days on PropertySimple

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1303 E Castle Avenue, Indianapolis, IN 46227

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