About This Home

This 4-bedroom, 2-bathroom single family at 1531 N Downey Avenue in Indianapolis, IN is listed for $195,000 ($118 per sqft). Built in 1955, the home offers 1,647 sqft of living space on a 0.16 acres lot.

Key Features

  • Built in 1955
  • 0.16 acre lot
  • Fireplace

Property Details

1 story
2 full
2-car garage
1955

Amenities

FireplaceA/C
Listing Description

Welcome to 1531 N Downey Ave! This charming all-brick home offers the perfect blend of character, space, and opportunity for a first-time homebuyer looking to make a home their own. Located on Indianapolis' growing east side, you'll be just minutes from Community Hospital East, Irvington, local shopping and dining, and convenient commuter routes.

Featuring 4 bedrooms and 2 bathrooms, this home provides plenty of room for a growing household, guests, or a dedicated home office. The main level offers a spacious living room with a cozy wood-burning fireplace, along with a kitchen featuring granite countertops, stainless steel appliances, a wine cooler, and an included washer and dryer.

Fresh interior paint, newly cleaned carpets, and updated landscaping give the home a clean, welcoming feel and make it easy to move in and start enjoying the space. The partially finished basement adds even more flexibility, including an additional bedroom and full bathroom.

Whether you envision a comfortable guest space, home office, recreation area, or future finished living space, there's plenty of room to make it your own. With its solid brick construction, generous living space, fresh updates, and large basement, 1531 N Downey Ave is a great opportunity for a first-time buyer looking for a home with character and room to grow. Come see the space, envision your future here, and make it your own!

Monthly Cost Estimate

$1,043/mo

20% down · 6.5% · 30 years

Principal$141
Interest$845
Insurance$57

Estimates only. Actual payments may vary.

Location

1531 N Downey Avenue

Indianapolis, IN 46219

Justus Downey

Features & Amenities

Interior Features

Attic AccessBuilt-in FeaturesPaddle Fan

Property Details

Construction

Brick Stone

Heating

Forced AirNatural Gas

Cooling

Central Air

Appliances

DishwasherMicrowaveElectric OvenRefrigeratorGas Water Heater

Questions & Answers

This 4-bedroom, 2-bathroom single family at 1531 N Downey Avenue is listed at $195,000 ($118/sqft). The estimated monthly payment is $1,043 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1955, 0.16 acre lot, Fireplace. Interior Features: Attic Access, Built-in Features, Paddle Fan.

This property is listed by Kevin Burke.

KB

Kevin Burke

Agent at Plat Collective

Listed by Plat Collective · Broker phone: (317) 489-3441 · View on Broker Site

MLS# 22118137· Source: Broker Listing Cooperative®· 87 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.

1531 N Downey Avenue, Indianapolis, IN 46219

Open this listing in: