Cheap homes for sale & real estate in Indianapolis, IN

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NEW 3 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Huge Duplex in a Prime Location Expand your real estate portfolio with this spacious duplex in an excellent Indianapolis location, directly adjacent to Garfield Park and just minutes from downtown! Offering a combination of size, location, and established occupancy, this property presents an exciting opportunity for investors looking to add a multifamily asset to their holdings. Both units are fully occupied by long-term tenants, providing an established rental history and the potential for continued income. With its generous size and desirable location near one of Indianapolis's historic parks, this duplex offers an opportunity to build long-term value while benefiting from existing te

$204,900

6 beds4 baths2,436 sq ft

301 E Southern Ave, Indianapolis, IN 46225

Green space • Prime location • Duplex

EARLY ACCESSREDFIN COMING SOON

$425,000

5 beds3.5 baths3,098 sq ft

10826 Gates Creek Dr, Indianapolis, IN 46239

LISTED BY REDFIN3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Move-in ready and ideally located just a short walk from the University of Indianapolis, this beautifully updated home offers comfort, convenience, and peace of mind. Inside, you'll find a welcoming living and dining area, an updated kitchen and bathroom, three cozy bedrooms, new LVP flooring, and fresh paint throughout. Major improvements made between 2021 and 2024 include crawlspace waterproofing, HVAC, roof, windows, siding, a 1-year-old tankless water heater, a new water softener, and new gutter downspouts that are buried. The fully fenced backyard features a new patio, a mini barn, a fire pit, and fresh gravel parking. Garfield Park, Fountain Square, and downtown Indianapolis favorites

$210,000

3 beds1 bath960 sq ft

3867 Asbury St, Indianapolis, IN 46227

New patio • Updated kitchen • New lvp flooring

LISTED BY REDFIN3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Welcome home to 4147 Bowman Avenue! This charming home offers a wonderful blend of recent interior upgrades, cozy living, and a convenient location! Whether you're a first-time homebuyer, a growing family, a student, or an investor, this home offers a great opportunity to make a place of your own. Enjoy the refreshed interior and comfortable feel, with plenty of potential to add your own personal touches over time. Located just minutes from the University of Indianapolis and approximately 6 miles from downtown Indianapolis, you'll love having campus, city attractions, dining, and entertainment within easy reach. If you're looking for an affordable, charming place to call home with a great l

$185,000

3 beds1.5 baths1,034 sq ft

4147 Bowman Ave, Indianapolis, IN 46227

Convenient location • 5,401 sq ft lot • 2 garage spots

NEW 1 HR AGOFLOOR PLAN

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Attention investors and homeowners! Here's a great opportunity to own a recently updated 3-bedroom, 1.5-bath-per-side duplex in the desirable Mapleton-Fall Creek area. Fully vacant and ready for immediate occupancy, this property is ideal for an owner-occupant looking to house-hack or an investor ready to place tenants and begin generating rental income. The property underwent a major renovation in 2026, including updated modern kitchens with granite countertops and appliances, refreshed bathrooms with tiled showers, new pet-friendly luxury vinyl plank flooring, and additional interior improvements. Mechanical updates include newer furnaces. Each spacious unit features a welcoming covered f

$325,000

6 beds11676 baths7,425,936 sq ft

2918 Ruckle St, Indianapolis, IN 46205

Tiled showers • Major renovation • Refreshed bathrooms

Property at 554 Cresthaven Dr, Indianapolis, IN 46217, 2 beds, 2 baths

$265,000

2 beds2 baths1,818 sq ft

554 Cresthaven Dr, Indianapolis, IN 46217

Property at 625 Woods Crossing Dr, Indianapolis, IN 46239, 4 beds, 2.5 baths

$245,000

4 beds2.5 baths1,864 sq ft

625 Woods Crossing Dr, Indianapolis, IN 46239

Property at 1609 Harlan St, Indianapolis, IN 46203, 3 beds, 1 bath

$185,000

3 beds1 bath884 sq ft

1609 Harlan St, Indianapolis, IN 46203

Property at 1521 E Legrande Ave, Indianapolis, IN 46203, 2 beds, 1 bath

$109,900

2 beds1 bath1,536 sq ft

1521 E Legrande Ave, Indianapolis, IN 46203

Property at 4339 Spann Ave, Indianapolis, IN 46203, 2 beds, 1 bath

$124,900

2 beds1 bath1,080 sq ft

4339 Spann Ave, Indianapolis, IN 46203

Property at 1170 N Concord, Indianapolis, IN 46222, 3 beds, 1 bath

$154,900

3 beds1 bath1,036 sq ft

1170 N Concord, Indianapolis, IN 46222

Property at 2026 Clay St, Indianapolis, IN 46205, 4 beds, 2 baths

$209,900

4 beds2 baths1,504 sq ft

2026 Clay St, Indianapolis, IN 46205

Property at 263 N Tacoma Ave, Indianapolis, IN 46201, 4 beds, 3 baths

$285,000

4 beds3 baths2,325 sq ft

263 N Tacoma Ave, Indianapolis, IN 46201

Property at 10335 Carrington Way, Indianapolis, IN 46234, 3 beds, 2 baths

$259,900

3 beds2 baths1,358 sq ft

10335 Carrington Way, Indianapolis, IN 46234

Property at 3626 Cork Bend Dr, Indianapolis, IN 46239, 3 beds, 4 baths

$380,000

3 beds4 baths3,000 sq ft

3626 Cork Bend Dr, Indianapolis, IN 46239

Property at 5355 S Capitol Ave, Indianapolis, IN 46217, 2 beds, 1.5 baths

$235,000

2 beds1.5 baths1,107 sq ft

5355 S Capitol Ave, Indianapolis, IN 46217

Property at 4341 Middlemist Way, Indianapolis, IN 46235, 3 beds, 2.5 baths

$238,995

3 beds2.5 baths1,375 sq ft

4341 Middlemist Way, Indianapolis, IN 46235

Property at 651 Fenster, Indianapolis, IN 46234, 3 beds, 2.5 baths

$329,900

3 beds2.5 baths2,331 sq ft

651 Fenster, Indianapolis, IN 46234

Property at 8007 E 20th St, Indianapolis, IN 46219, 3 beds, 3 baths

$164,807

3 beds3 baths2,424 sq ft

8007 E 20th St, Indianapolis, IN 46219

Property at 7114 Gavin Dr, Indianapolis, IN 46217, 2 beds, 2.5 baths

$195,000

2 beds2.5 baths1,304 sq ft

7114 Gavin Dr, Indianapolis, IN 46217

Property at 8313 Andrusia Ln, Indianapolis, IN 46237, 4 beds, 3 baths

$395,000

4 beds3 baths3,117 sq ft

8313 Andrusia Ln, Indianapolis, IN 46237

Property at 817-819 N Dearborn, Indianapolis, IN 46201, 4 beds, 2 baths

$190,000

4 beds2 baths1,988 sq ft

817-819 N Dearborn, Indianapolis, IN 46201

Property at 7261 Broyles Ln, Indianapolis, IN 46217, 2 beds, 2 baths

$205,000

2 beds2 baths1,158 sq ft

7261 Broyles Ln, Indianapolis, IN 46217

Property at 727 N Illinois St Unit 208, Indianapolis, IN 46204, 2 beds, 2.5 baths

$295,000

2 beds2.5 baths1,666 sq ft

727 N Illinois St Unit 208, Indianapolis, IN 46204

Property at 4353 Middlemist Way, Indianapolis, IN 46235, 3 beds, 2.5 baths

$236,995

3 beds2.5 baths1,375 sq ft

4353 Middlemist Way, Indianapolis, IN 46235

Property at 25 S Warman Ave, Indianapolis, IN 46222, 6 beds, 4 baths

$230,000

6 beds4 baths2,536 sq ft

25 S Warman Ave, Indianapolis, IN 46222

Property at 2854 N Illinois St, Indianapolis, IN 46208, 1 bed, 3 baths

$180,000

1 bed3 baths5,119 sq ft

2854 N Illinois St, Indianapolis, IN 46208

Property at 2878 Eagles Crest Cir Unit B, Indianapolis, IN 46214, 2 beds, 2 baths

$132,000

2 beds2 baths984 sq ft

2878 Eagles Crest Cir Unit B, Indianapolis, IN 46214

Property at 2981 Horseshoe Bend Dr Unit C, Indianapolis, IN 46214, 2 beds, 2 baths

$140,000

2 beds2 baths984 sq ft

2981 Horseshoe Bend Dr Unit C, Indianapolis, IN 46214

Property at 2947 Eagles Crest Cir Unit A, Indianapolis, IN 46214, 2 beds, 2 baths

$134,000

2 beds2 baths980 sq ft

2947 Eagles Crest Cir Unit A, Indianapolis, IN 46214

Property at 4250 Village Parkway Cir E #5, Indianapolis, IN 46254, 2 beds, 2 baths

$145,000

2 beds2 baths993 sq ft

4250 Village Parkway Cir E #5, Indianapolis, IN 46254

Property at 2889 Eagles Crest Cir Unit D, Indianapolis, IN 46214, 2 beds, 1.5 baths

$136,000

2 beds1.5 baths868 sq ft

2889 Eagles Crest Cir Unit D, Indianapolis, IN 46214

Property at 2878 Eagles Crest Cir Unit C, Indianapolis, IN 46214, 2 beds, 1 bath

$130,000

2 beds1 bath984 sq ft

2878 Eagles Crest Cir Unit C, Indianapolis, IN 46214

Property at 2991 Horseshoe Bend Dr Unit C, Indianapolis, IN 46214, 2 beds, 1 bath

$130,000

2 beds1 bath984 sq ft

2991 Horseshoe Bend Dr Unit C, Indianapolis, IN 46214

Property at 1412 Lawton Ave, Indianapolis, IN 46203, 3 beds, 2 baths

$103,900

3 beds2 baths1,438 sq ft

1412 Lawton Ave, Indianapolis, IN 46203

Property at 11611 Ross Common Dr, Indianapolis, IN 46229, 3 beds, 2 baths

$205,000

3 beds2 baths1,618 sq ft

11611 Ross Common Dr, Indianapolis, IN 46229

(708) 560-1282

Property at 6802 Hillcrest Ct, Indianapolis, IN 46227, 3 beds, 2 baths

$310,000

3 beds2 baths2,324 sq ft

6802 Hillcrest Ct, Indianapolis, IN 46227

Property at 4805 Winthrop Ave, Indianapolis, IN 46205, 3 beds, 1 bath

$270,000

3 beds1 bath1,752 sq ft

4805 Winthrop Ave, Indianapolis, IN 46205

Property at 2915 Villa Ave, Indianapolis, IN 46203, 3 beds, 1 bath

$45,000

3 beds1 bath1,135 sq ft

2915 Villa Ave, Indianapolis, IN 46203

Property at 4602 N Ritter Ave, Indianapolis, IN 46226, 3 beds, 1.5 baths

$205,000

3 beds1.5 baths2,944 sq ft

4602 N Ritter Ave, Indianapolis, IN 46226

Property at 2204 W 63rd St, Indianapolis, IN 46260, 2 beds, 1 bath

$199,900

2 beds1 bath1,452 sq ft

2204 W 63rd St, Indianapolis, IN 46260

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Based on information submitted to the MLS GRID as of Mon Oct 19 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.

Cheap Homes for Sale in Indianapolis

There are currently 3998 cheap homes 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, 939 homes have been sold in Indianapolis. In addition to houses in Indianapolis, there were also 489 condos, 59 townhouses, and 249 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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