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3324 Prospect St, Indianapolis, IN, 46203

0beds
1baths
1,248sqft
$90,000
$72price/sqft
$858/moest. monthly cost
$34,320/yrincome needed

About This Home

For sale 0.1 acre parcel zoned I4 - Industrial located just east of Fountain Square! It must be sold as a package sale: 3324 Prospect St and 1028 Vandeman St for a total of 0.2 acres of land ($233,900). The 1,248 sq.ft. home structure has partially been prepared for renovation and is paired with a small backyard and covered deck. Numerous potential uses as permitted by the Marion County Zoning Ordinance. Located just minutes from the interstate and the central Indianapolis area.

Getting Around

21
WalkingCar-Dependent
30
TransitSome Transit
41
BikeSomewhat Bikeable

Schools

7/10
6/10
1/10

Construction

Condition

  • Year built: 1955

Materials

  • Foundation: Crawl Space
  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: None

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Features

  • Attic Access
  • Attic: Access Only

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 1,248
  • Total interior livable area: 1,248 sqft

Utility Room

  • Features: Other
  • Level: Main
  • Area: 196
  • Dimensions: 14x14

Property

Details

  • Parcel number: 491008100005000101
  • Special condition: As Is
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 4,356 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Heat Wave
Strong Wind
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $455$5,460
Home Insurance *$66$792
Property Taxes $153$1,836
Electricity $184$2,212
Total$858$10,296
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$29,417/yr
40% on housing$25,740/yr
45% on housing$22,880/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$72This listing

vs Other Active Listings

Avg $/sqft

ZIP 46203$118
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46203$129
Marion County$131

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-06Price change$99,000
2025-11-18Price change$110,000
2025-08-24Listed for sale$250,000
2025-06-18Listing removed$325,000
2025-01-18Listed for sale$325,000

For Sale by Agent

AgentMarcia Souers
BrokerageeXp Realty, LLC

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