Homes with Basements for Sale in Indianapolis, IN

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NEW CONSTRUCTION

ABOUT THIS HOME
Home with Basement for sale in Indianapolis, IN:
An extraordinary opportunity to complete a custom contemporary ranch estate offering nearly 12,000 square feet under roof on 3.077 private acres in South Indianapolis. The structural shell is complete, including foundation, framing, roof, and exterior siding-providing a substantial head start on what is designed to be a 6-bedroom, 5 full bath, 1 half bath luxury residence. With 6,938 square feet above grade and an additional 4,922 square foot basement, the scale and layout allow for exceptional potential for a theater, fitness studio, wine cellar, recreation areas, or multi-generational living, and premium lifestyle amenities. The generous acreage provides privacy rarely found in this corri

$489,900

6 beds6.5 baths11,860 sq ft

3712 E Edgewood Ave, Indianapolis, IN 46227

Private acres • Generous acreage • Convenient access

ABOUT THIS HOME
Home with Basement for sale in Indianapolis, IN:
Great opportunity for investors or buyers looking for an affordable, turnkey property. This 1 bed, 1 bath home includes a utility basement and has already seen major improvements with new mechanicals, updated kitchen, and renovated bathroom. The fenced backyard and covered pergola add desirable outdoor space for tenants or owners alike. Currently styled with a unique Alice-themed design, the seller is open to removing and returning the home to a clean, neutral finish prior to closing. Strong rental potential or perfect for a single occupant or couple looking to build equity.

$209,900

1 bed1 bath1,014 sq ft

814 E 48th St, Indianapolis, IN 46205

Renovated bathroom • Utility basement • Updated kitchen

ABOUT THIS HOME
Home with Basement for sale in Indianapolis, IN:
Excellent investment opportunity on Indy's Westside! Last rent was $1,260/month. Property needs very little work to be rent ready. Close to parks or Interstate access. Home is a corner lot, and has well water and city sewer with a detached garage. Specific Parcel #8029811 as adjacent lots are not owned by this seller but have the same mailing address. Additional 6 properties available from same seller/agent, varying condition. Property is sold in Receivership - requires UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK approval of contract prior to closing. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for fina

$99,900

2 beds1 bath1,200 sq ft

2232 W 58th St, Indianapolis, IN 46228

Close to parks • Interstate access • Corner lot

3D WALKTHROUGH

ABOUT THIS HOME
Home with Basement for sale in Indianapolis, IN:
IMMEDIATE OCCUPANCY AVAILABLE! Charming historic condo in the heart of St. Joseph neighborhood. Nestled on a picturesque brick-lined street, this beautifully updated two bedroom, two bath condo blends timeless character with modern comfort. Sunlight fills the space through windows on all four sides, highlighting the original hardwood floors, soaring ceilings, and a cozy gas fireplace. The updated kitchen features sleek quartz countertops, stainless steel appliances, and ample cabinetry--perfect for every day living and entertaining. The spacious primary suite includes a private bath and a generous walk-in closet. Additional features include a large basement with laundry and abundant storage

$259,900

2 beds2 baths1,801 sq ft

1002 N New Jersey St, Indianapolis, IN 46202

Quartz countertops • Soaring ceilings • Historic condo

ABOUT THIS HOME
Home with Basement for sale in Indianapolis, IN:
Located 1.5 blocks from Butler University, this 2 bedroom, 1 bath home with carport and garage could be a great addition to your investment portfolio. Surrounded by the buzz of University activity, and amongst several student rentals - this could be a charming renovation or long-term buy and hold. Plenty of values in the area. There are two rooms in the upstairs area that could be leased along with a primary bedroom on the main level. Plenty of parking with the carport and 1-car detached garage. Agents please read private remarks.

$254,900

2 beds1 bath1,755 sq ft

4645 Rookwood Ave, Indianapolis, IN 46208

Upstairs area • Plenty of parking • Charming renovation

Property at 7739 Inverness Dr, Indianapolis, IN 46237, 4 beds, 1.5 baths

$234,000

4 beds1.5 baths1,360 sq ft

7739 Inverness Dr, Indianapolis, IN 46237

Property at 3848 Washington Blvd, Indianapolis, IN 46205, 4 beds, 3 baths

$450,000

4 beds3 baths4,756 sq ft

3848 Washington Blvd, Indianapolis, IN 46205

Property at 3539 N College Ave, Indianapolis, IN 46205, 12 beds, 4 baths

$525,000

12 beds4 baths4,552 sq ft

3539 N College Ave, Indianapolis, IN 46205

Property at 1152 Churchman Ave, Indianapolis, IN 46203, 4 beds, 1.5 baths

$139,900

4 beds1.5 baths3,498 sq ft

1152 Churchman Ave, Indianapolis, IN 46203

Property at 1446 Spann Ave, Indianapolis, IN 46203, 3 beds, 1 bath

$189,000

3 beds1 bath1,833 sq ft

1446 Spann Ave, Indianapolis, IN 46203

Property at 1012 E Palmer St, Indianapolis, IN 46203, 3 beds, 2 baths

$225,000

3 beds2 baths1,878 sq ft

1012 E Palmer St, Indianapolis, IN 46203

Property at 3523 E 10th St, Indianapolis, IN 46201, 3 beds, 1.5 baths

$89,900

3 beds1.5 baths2,637 sq ft

3523 E 10th St, Indianapolis, IN 46201

Property at 554 N Oakland Ave, Indianapolis, IN 46201, 4 beds, 2 baths

$235,000

4 beds2 baths2,476 sq ft

554 N Oakland Ave, Indianapolis, IN 46201

Property at 1471 N Delaware St, Indianapolis, IN 46202, 3 beds, 2.5 baths

$525,000

3 beds2.5 baths2,678 sq ft

1471 N Delaware St, Indianapolis, IN 46202

Property at 767 N Elder Ave, Indianapolis, IN 46222, 1 bed, 2 baths

$99,999

1 bed2 baths1,104 sq ft

767 N Elder Ave, Indianapolis, IN 46222

Property at 643 Fort Wayne Ave Unit H, Indianapolis, IN 46204, 2 beds, 1 bath

$215,000

2 beds1 bath960 sq ft

643 Fort Wayne Ave Unit H, Indianapolis, IN 46204

Property at 6024 Birchwood Ave, Indianapolis, IN 46220, 4 beds, 2.5 baths

$795,000

4 beds2.5 baths3,805 sq ft

6024 Birchwood Ave, Indianapolis, IN 46220

Property at 6668 Silver Creek Dr, Indianapolis, IN 46259, 6 beds, 5.5 baths

$1,295,000

6 beds5.5 baths5,945 sq ft

6668 Silver Creek Dr, Indianapolis, IN 46259

Property at 2307 N Alabama St, Indianapolis, IN 46205, 4 beds, 3 baths

$419,000

4 beds3 baths2,532 sq ft

2307 N Alabama St, Indianapolis, IN 46205

Property at 8344 Hunters Meadow Ct, Indianapolis, IN 46259, 4 beds, 2.5 baths

$375,000

4 beds2.5 baths3,015 sq ft

8344 Hunters Meadow Ct, Indianapolis, IN 46259

Property at 465 S Sheridan Ave, Indianapolis, IN 46219, 2 beds, 1.5 baths

$184,900

2 beds1.5 baths1,700 sq ft

465 S Sheridan Ave, Indianapolis, IN 46219

Property at 6430 E Southport Rd, Indianapolis, IN 46237, 6 beds, 4 baths

$550,000

6 beds4 baths4,001 sq ft

6430 E Southport Rd, Indianapolis, IN 46237

Property at 632 W 29th St, Indianapolis, IN 46208, 3 beds, 2 baths

$69,900

3 beds2 baths2,278 sq ft

632 W 29th St, Indianapolis, IN 46208

Property at 518 Woodruff Pl Dr E, Indianapolis, IN 46201, 6 beds, 3 baths

$435,000

6 beds3 baths2,640 sq ft

518 Woodruff Pl Dr E, Indianapolis, IN 46201

Property at 1937 Bridgton Ct, Indianapolis, IN 46219, 4 beds, 3.5 baths

$129,900

4 beds3.5 baths1,537 sq ft

1937 Bridgton Ct, Indianapolis, IN 46219

Property at 4062 Rookwood Ave, Indianapolis, IN 46208, 3 beds, 3 baths

$435,000

3 beds3 baths2,220 sq ft

4062 Rookwood Ave, Indianapolis, IN 46208

Property at 1425 N Bolton Ave, Indianapolis, IN 46219, 3 beds, 2 baths

$134,000

3 beds2 baths2,044 sq ft

1425 N Bolton Ave, Indianapolis, IN 46219

Property at 4507 N Pennsylvania St, Indianapolis, IN 46205, 3 beds, 2.5 baths

$665,000

3 beds2.5 baths2,769 sq ft

4507 N Pennsylvania St, Indianapolis, IN 46205

Property at 945 Tecumseh St, Indianapolis, IN 46201, 3 beds, 2 baths

$269,900

3 beds2 baths1,542 sq ft

945 Tecumseh St, Indianapolis, IN 46201

Property at 1442 Laurel St, Indianapolis, IN 46203, 4 beds, 2 baths

$199,900

4 beds2 baths2,193 sq ft

1442 Laurel St, Indianapolis, IN 46203

Property at 934 E Morris St, Indianapolis, IN 46203, 4 beds, 2.5 baths

$290,000

4 beds2.5 baths2,819 sq ft

934 E Morris St, Indianapolis, IN 46203

Property at 8649 Bay Colony Dr, Indianapolis, IN 46234, 3 beds, 3 baths

$1,099,000

3 beds3 baths5,078 sq ft

8649 Bay Colony Dr, Indianapolis, IN 46234

Property at 3515 E 10th St, Indianapolis, IN 46201, 3 beds, 2 baths

$159,900

3 beds2 baths2,209 sq ft

3515 E 10th St, Indianapolis, IN 46201

Property at 4824 N College Ave, Indianapolis, IN 46205, 2 beds, 1 bath

$255,000

2 beds1 bath1,473 sq ft

4824 N College Ave, Indianapolis, IN 46205

Property at 3526 N Capitol Ave, Indianapolis, IN 46208, 5 beds, 2.5 baths

$219,900

5 beds2.5 baths2,274 sq ft

3526 N Capitol Ave, Indianapolis, IN 46208

Property at 123 S Butler Ave, Indianapolis, IN 46219, 4 beds, 2 baths

$134,900

4 beds2 baths2,086 sq ft

123 S Butler Ave, Indianapolis, IN 46219

Property at 4025 N Graham Ave, Indianapolis, IN 46226, 4 beds, 1.5 baths

$170,000

4 beds1.5 baths2,368 sq ft

4025 N Graham Ave, Indianapolis, IN 46226

Property at 131 Herman St, Indianapolis, IN 46202, 3 beds, 2.5 baths

$449,000

3 beds2.5 baths3,200 sq ft

131 Herman St, Indianapolis, IN 46202

Property at 621 W 10th St, Indianapolis, IN 46202, 3 beds, 2 baths

$279,500

3 beds2 baths1,572 sq ft

621 W 10th St, Indianapolis, IN 46202

Property at 1805 Southeastern Ave, Indianapolis, IN 46201, 4 beds, 8 baths

$289,900

4 beds8 baths4,080 sq ft

1805 Southeastern Ave, Indianapolis, IN 46201

Property at 2301 Nowland Ave, Indianapolis, IN 46201, 4 beds, 3 baths

$599,999

4 beds3 baths3,562 sq ft

2301 Nowland Ave, Indianapolis, IN 46201

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Based on information submitted to the MLS GRID as of Wed Oct 07 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Homes with Basements for Sale in Indianapolis

There are currently 1585 homes with basements for sale in Indianapolis at a median listing price of $250K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Indianapolis stay on the market for 62 days and receive 2 offers. Popular neighborhoods include Downtown Indianapolis, Broad Ripple, Meridian Kessler, Irvington, and Butler-Tarkington. This map is refreshed with the newest listings in Indianapolis every 15 minutes.

In the past month, 920 homes have been sold in Indianapolis. In addition to houses in Indianapolis, there were also 484 condos, 56 townhouses, and 244 multi-family units for sale in Indianapolis last month. Indianapolis is a minimally walkable city in Marion County with a Walk Score of 31. Indianapolis is home to approximately 819,398 people and 550,184 jobs. Find your dream home in Indianapolis using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Indianapolis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Indianapolis. Our Indianapolis real estate stats and trends will give you more information about home buying and selling trends in Indianapolis. If you're looking to sell your home in the Indianapolis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Indianapolis with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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