923 S State Ave, Indianapolis, IN, 46203
About This Home
Located in the heart of Fountain Square, one of Indianapolis's most sought-after and vibrant neighborhoods, this charming 3-bedroom, 1.5-bath multi-level traditional American town home offers the perfect blend of character, convenience, and income potential. Step inside to discover a warm and inviting layout designed for both everyday living and entertaining. The home features boutique-style finishes that elevate its appeal, while the multi-level design provides functional separation of space. Outside, enjoy a fully fenced rear yard with privacy fencing-ideal for gatherings, pets, or simply relaxing-complete with a cozy patio space. A one-car garage adds additional convenience and storage. What truly sets this property apart is its proven performance as a short-term rental. Current ownership has demonstrated strong Airbnb income potential, making this an exceptional opportunity for investors or those seeking supplemental income. Situated just minutes from downtown, you'll enjoy easy access to major highways, local hotspots, dining, nightlife, and entertainment. Whether you're exploring the eclectic charm of Fountain Square or heading into downtown Indianapolis for work or play, this location delivers unmatched accessibility and lifestyle appeal. Don't miss your chance to own a home that offers not just a place to live-but a smart investment in one of Indianapolis' most dynamic communities.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 2016
Materials
- Foundation: Crawl Space
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,MicroHood,Electric Oven,Refrigerator,Washer,Microwave
- Laundry features: Connections All,Upper Level
Bedroom2
- Level: Upper
- Area: 110
- Dimensions: 11x10
Bedroom3
- Level: Upper
- Area: 270
- Dimensions: 30x9
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Dining Room
- Level: Main
- Area: 195
- Dimensions: 13x15
Features
- High Ceilings
- Window features: Wood Work Painted
- Number of fireplaces: 1
- Fireplace features: Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 1,638
- Total interior livable area: 1,638 sqft
Kitchen
- Features: Other
- Level: Main
- Area: 156
- Dimensions: 13x12
Living Room
- Level: Main
- Area: 182
- Dimensions: 13x14
Master Bedroom
- Level: Upper
- Area: 182
- Dimensions: 13x14
Mud Room
- Features: Other
- Level: Main
- Area: 24
- Dimensions: 4x6
Property
Details
- Parcel number: 491007140014001101
- Attached to another structure: Yes
- Horse amenities: None
Features
- Levels: Multi/Split
- Patio & porch: Covered,Patio
- Exterior features: Lighting,Smart Lock(s)
- Fencing: Fenced,Full,Privacy
- Has view: Yes
- View description: City,Neighborhood
Lot
- Lot size: 2,178 sqft
Parking
- Total spaces: 1
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Cold Wave
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,364 | $16,368 |
| Home Insurance * | $198 | $2,376 |
| Property Taxes | $200 | $2,400 |
| Electricity | $184 | $2,212 |
| Total | $1,946 | $23,352 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Listed for sale | $280,000 |
| 2026-01-01 | Listing removed | $290,000 |
| 2025-07-17 | Price change | $290,000 |
| 2025-05-16 | Listed for sale | $300,000 |
| 2022-09-27 | Sold | $222,000 |
| 2022-08-02 | Pending sale | $232,400 |
| 2022-07-07 | Listed for sale | $232,400 |
| 2022-07-06 | Pending sale | $232,400 |
| 2022-06-28 | Price change | $232,400 |
| 2022-06-14 | Listed for sale | $239,900 |
| 2021-12-10 | Listing removed | -- |
| 2021-11-02 | Price change | $1,495 |
| 2021-05-15 | Listing removed | -- |
| 2021-05-04 | Listed for rent | $1,595 |
| 2021-03-23 | Price change | $229,900 |
| 2021-03-04 | Price change | $239,900 |
| 2021-02-22 | Price change | $245,000 |
| 2021-02-01 | Listed for sale | $250,000 |
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