Google street view image for 2225 Waterman Rd, Indianapolis, IN 46203

Off market

$191,009

•

— ba

•

1,608

sq ft

2225 Waterman Rd, Indianapolis, IN 46203

About this home

2225 Waterman Rd is a 1,608 square foot house on a 0.55 acre lot with 3 bedrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $191,009.

Single-familyProperty Type

1926Year Built

0.55 acresLot Size

$119Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$191,009

$5,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 15.9% lower than the average sale price ($227K) of 6 comparable homes.

SOLD AUG 26, 2026
$125,000
A
3 beds1 bath1,289 sq ft
5960 Terrace Ave, Indianapolis, IN 46203
SOLD JUN 12, 2026
$210,000
B
3 beds2 baths1,398 sq ft
1402 S Hawthorne Ln, Indianapolis, IN 46203
SOLD DEC 9, 2025
$230,000
C
3 beds2 baths1,556 sq ft
4909 Iowa St, Indianapolis, IN 46203
SOLD MAY 29, 2026
$220,000
D
3 beds2.5 baths1,699 sq ft
2141 S Catherwood Ave, Indianapolis, IN 46203
SOLD MAY 22, 2026
$352,000
E
3 beds2.5 baths2,688 sq ft
2045 Lick Creek Dr, Indianapolis, IN 46203
SOLD AUG 21, 2026
$225,000
F
3 beds2 baths1,248 sq ft
5014 Reeder St, Indianapolis, IN 46203

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 46203, IN

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

96.6%

0.0% MoM

Median sale price

$192K

$8K MoM

Avg. days on market

32d

6 days MoM

Recently sold homes

185

22 MoM

New listings for sale

$135,000
3 beds1 bath2,075 sq ft
1419 Leonard St, Indianapolis, IN 46203
$194,900
3 beds2 baths1,760 sq ft
1530 Barth, Indianapolis, IN 46203
$196,900
3 beds1.5 baths1,712 sq ft
3839 Hoyt Ave, Indianapolis, IN 46203
$320,000
1 bed1 bath1,135 sq ft
735 Lexington Ave #20, Indianapolis, IN 46203
$350,000
3 beds2.5 baths3,398 sq ft
627 E Morris St, Indianapolis, IN 46203
$230,000
2 beds1 bath738 sq ft
1418 Terrace Ave, Indianapolis, IN 46203
$299,000
3 beds2 baths1,308 sq ft
1064 Hosbrook, Indianapolis, IN 46203
$219,900
3 beds2 baths2,227 sq ft
1219 E Nelson Ave, Indianapolis, IN 46203
$350,000
4 beds3 baths1,846 sq ft
722 Terrace Ave, Indianapolis, IN 46203
$199,000
4 beds2 baths2,064 sq ft
933 E Morris St, Indianapolis, IN 46203
See all

Provided by Redfin

Sale history for 2225 Waterman Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$1,198 (−6.4%)

$20,100 + $97,200

$117,300

2024

$1,280 (+4.0%)

$20,100 + $92,300

$112,400

2023

$1,231 (−8.3%)

$20,100 + $92,300

$112,400

2022

$1,341 (+13.7%)

$20,100 + $92,300

$112,400

2021

$1,179 (+9.8%)

$20,100 + $78,900

$99,000

2020

$1,074 (−6.1%)

$20,100 + $78,900

$99,000

2019

$1,144 (+4.8%)

$20,100 + $78,900

$99,000

2018

$1,092 (+7.3%)

$20,100 + $78,900

$99,000

2017

$1,018 (−0.7%)

$20,100 + $75,300

$95,400

2016

$1,025 (+24.5%)

$20,100 + $75,300

$95,400

2015

$823 (−4.1%)

$20,100 + $72,900

$93,000

2014

$858 (−5.0%)

$20,100 + $71,500

$91,600

2013

$903

$20,100 + $70,200

$90,300

Tax history for 2225 Waterman Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,198 (−6.4%)

$20,100 + $97,200

$117,300

2024

$1,280 (+4.0%)

$20,100 + $92,300

$112,400

2023

$1,231 (−8.3%)

$20,100 + $92,300

$112,400

2022

$1,341 (+13.7%)

$20,100 + $92,300

$112,400

2021

$1,179 (+9.8%)

$20,100 + $78,900

$99,000

2020

$1,074 (−6.1%)

$20,100 + $78,900

$99,000

2019

$1,144 (+4.8%)

$20,100 + $78,900

$99,000

2018

$1,092 (+7.3%)

$20,100 + $78,900

$99,000

2017

$1,018 (−0.7%)

$20,100 + $75,300

$95,400

2016

$1,025 (+24.5%)

$20,100 + $75,300

$95,400

2015

$823 (−4.1%)

$20,100 + $72,900

$93,000

2014

$858 (−5.0%)

$20,100 + $71,500

$91,600

2013

$903

$20,100 + $70,200

$90,300

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

METRO

Dwelling District Two

The D-2 District is intended for use in suburban areas. Ample yards, trees and passive open spaces easily serving each individual lot are envisioned for this District. The D-2 District has a typical density of 1.9 units per gross acre. Two-family dwellings are permitted on corner lots in this District. This District fulfills the lowest density recommendation of the Comprehensive General Land Use Plan. Public water and sewer facilities must be present. Development plans, which may include the use of clustering, should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site conditions, including vegetation, topography, drainage and wildlife.

Zone overlays

Metro Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Park & open space

Jan 8, 2026 • Final

Electrical - 1-2 family

Install a sub-panel in the garage connected to the main house panel. Install ground fault circuit interrupter receptacles, light fixtures, and a garage door opener. Provide rough-ins for a future restroom.

Electrical

Jul 8, 2025 • Final

Wrecking permit-1-2 family

Remove an existing garage and build a new one.

Demolition

New construction

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Interior

Basement Information
Basement Sq. Ft: 864
Basement Type: Partial

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air

Room Information
# of Rooms: 7

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Wood
Building Type: Single Family

Property Information
Subdivision Name: WATERMANS AMD ARLINGTON AVE ADD
Living Sq. Ft: 1,608
Adjusted Gross Sq. Ft: 2,472
Ground Floor Sq. Ft: 1,608
Building Sq. Ft: 2,472
# of Stories: 1
Legal Description: WATERMANS AMENDED ARLINGTON AVE L25

Parking & Garage Information
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 360
Garage / Carport Type: Detached

Lot Information
# of Buildings: 1
Land Sq. Ft: 23,871
Legal Lot Number: 25
Municipality Name: WARREN,OUTSIDE
Acres: 0.548
Depth Footage: 265
Front Footage: 90
County Use Description: ONE FAMILY DWLG ON PLAT LOT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: —
Sq. Ft.: 1,608
Stories: 1.0
Lot Size: 0.55 acres
Style: Single Family Residential
Year Built: 1926
Year Renovated: 1926
County: Marion County
APN: 491022114021000700

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Lowell Elementary School

Public K-4 • Assigned • 0.8mi

4/10

Raymond Park Middle School (7-8)

Public 5-8 • Assigned • 2.6mi

4/10

Warren Central High School

Public 9-12 • Assigned • 5.2mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46203

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$182,000 – $220,000

Sell confidently with a local market expert in Indianapolis. 3 minutes to get started.

Nearby similar homes

$196,900

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New listings for sale in 46203

$135,000

3 beds1 bath2,075 sq ft

1419 Leonard St, Indianapolis, IN 46203

$194,900

3 beds2 baths1,760 sq ft

1530 Barth, Indianapolis, IN 46203

$196,900

3 beds1.5 baths1,712 sq ft

3839 Hoyt Ave, Indianapolis, IN 46203

$320,000

1 bed1 bath1,135 sq ft

735 Lexington Ave #20, Indianapolis, IN 46203

$350,000

3 beds2.5 baths3,398 sq ft

627 E Morris St, Indianapolis, IN 46203

$230,000

2 beds1 bath738 sq ft

1418 Terrace Ave, Indianapolis, IN 46203

$299,000

3 beds2 baths1,308 sq ft

1064 Hosbrook, Indianapolis, IN 46203

$219,900

3 beds2 baths2,227 sq ft

1219 E Nelson Ave, Indianapolis, IN 46203

$350,000

4 beds3 baths1,846 sq ft

722 Terrace Ave, Indianapolis, IN 46203

Home values near 2225 Waterman Rd

Data from public records.

Address	Redfin Estimate
2312 Waterman Rd, Indianapolis, IN 3 Beds \| - Baths \| 2080 Sq. Ft.	$227,893
2234 Waterman Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 2657 Sq. Ft.	$210,564

Address	Redfin Estimate
2317 Waterman Rd, Indianapolis, IN 3 Beds \| - Baths \| 2032 Sq. Ft.	$164,728
2229 Waterman Rd, Indianapolis, IN 3 Beds \| - Baths \| 1186 Sq. Ft.	$171,988

Address	Redfin Estimate
2321 Waterman Rd, Indianapolis, IN 2 Beds \| 2 Baths \| 1358 Sq. Ft.	$250,843
2228 Waterman Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 1416 Sq. Ft.	$173,299

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