Cheap homes for sale & real estate in Southeast Indianapolis, IN

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ABOUT THIS HOME
Cheap Home for sale in Southeast Indianapolis, IN:
Country charm on a peaceful street just minutes from downtown and interstates. This 3 bedroom, 1.5 bath property has been updated throughout. The functionality and elegance make this brick ranch a home run. Brand new windows and flooring throughout. Granite countertops and stainless appliances in the completely remodeled kitchen. The 4 seasons room is truly icing on the cake with lots of natural light and a rustic ambience. This is truly a top-to-bottom transformation, creating a retreat designed for comfort and style. Large back yard complete with patio and storage barn perfect for pets, play, and outdoor living. 5 minute drive to Irvington and 15 minutes to downtown. Truly the best of bot

$239,900

3 beds1.5 baths1,268 sq ft

5732 Terrace Ave, Indianapolis, IN 46203

Updated throughout • Stainless appliances • Natural light

ABOUT THIS HOME
Cheap Home for sale in Southeast Indianapolis, IN:
Spacious 5 bed, 3 bath home set on roughly 2.5 peaceful acres, complete with a charming 1 bed, 1 bath guest house. The main home offers generous square footage, flexible living areas, and tons of potential for updates to fit your style. Whether you're looking to create your dream residence or take advantage of a strong investment opportunity, this property delivers space, privacy, and endless options. The separate guest house is perfect for extended family, visitors, or rental income, and the wide-open acreage gives you room to expand, garden, entertain, or just breathe. A rare chance to make a truly versatile property your own.

$285,000

5 beds3 baths2,668 sq ft

5429 Terrace Ave, Indianapolis, IN 46203

Wide-open acreage • Guest house • 2.23 acre lot

ABOUT THIS HOME
Cheap Home for sale in Southeast Indianapolis, IN:
Move in Ready, Discover this charming 3 bedroom 1 and a half bathrooms in Warren Township. Fresh paint, luxury vinyl plank in living areas and some hardwoods in bedrooms. Home has a new roof, firepit in the back, concrete patio, shed and a semi-circular driveway for easy access. All new stainless-steel appliances in the kitchen. Close to interstates, shopping, and dining.

$214,900

3 beds1.5 baths1,344 sq ft

6709 Southeastern Ave, Indianapolis, IN 46203

Firepit • Concrete patio • New roof

ABOUT THIS HOME
Cheap Home for sale in Southeast Indianapolis, IN:
Welcome to 5901 E Raymond St. , Indianapolis, IN-a charming move-in-ready home set on a spacious half-acre lot just 5 minutes from downtown Indy. With instant access to all major interstates, this location offers both convenience and comfort for everyday living. This well-maintained single-story home features 2 bedrooms, 1 full bathroom, and 924 sq. ft. of comfortable living space. Enjoy the perks of no HOA and a private well, meaning no water bill and more freedom for your property. The home comes equipped with functioning appliances, making your move simple and stress-free. With its generous 21,824 sq. ft. lot, welcoming interior, and unbeatable location, this property is ready for you to

$179,999

2 beds1 bath924 sq ft

5901 E Raymond St, Indianapolis, IN 46203

Generous lot • Stovetop • Single story

ABOUT THIS HOME
Cheap Home for sale in Southeast Indianapolis, IN:
Nestled in the heart of Indianapolis, a fantastic 3 bed 2 full bath Ranch with a huge garage / storage! . 66 acre corner lot. Updated kitchen designed for both style and functionality, with white shaker cabinets providing ample storage and a mobile kitchen island. Tons of space for options in front room and living room. Primary bedroom has pass-through closet to laundry, and primary bath which features an updated tiled walk-in shower. Huge backyard with full privacy fence with double-wide gate giving access to tall storage barn. Whole house water filter and water softener. Don't miss it!

$219,900

3 beds2 baths2,100 sq ft

5231 E Cheryl Ln, Indianapolis, IN 46203

Tiled walk-in shower • Shaker cabinets • Updated kitchen

Property at 1309 S Hawthorne Ln, Indianapolis, IN 46203, 2 beds, 1 bath

$210,000

2 beds1 bath1,040 sq ft

1309 S Hawthorne Ln, Indianapolis, IN 46203

Property at 3424 Pavetto Ln, Indianapolis, IN 46203, 3 beds, 2.5 baths

$289,900

3 beds2.5 baths2,334 sq ft

3424 Pavetto Ln, Indianapolis, IN 46203

Property at 3082 Wildcat Ln, Indianapolis, IN 46203, 2 beds, 1.5 baths

$154,900

2 beds1.5 baths1,206 sq ft

3082 Wildcat Ln, Indianapolis, IN 46203

Property at 621 S Butler Ave, Indianapolis, IN 46219, 2 beds, 1 bath

$125,000

2 beds1 bath1,450 sq ft

621 S Butler Ave, Indianapolis, IN 46219

Property at 3481 Capsella Ln, Indianapolis, IN 46203, 3 beds, 2.5 baths

$274,900

3 beds2.5 baths2,334 sq ft

3481 Capsella Ln, Indianapolis, IN 46203

Property at 2445 S Bolton Ave, Indianapolis, IN 46203, 3 beds, 1 bath

$229,900

3 beds1 bath2,790 sq ft

2445 S Bolton Ave, Indianapolis, IN 46203

Property at 6435 Birds Eye Dr, Indianapolis, IN 46203, 3 beds, 2 baths

$237,500

3 beds2 baths1,249 sq ft

6435 Birds Eye Dr, Indianapolis, IN 46203

Property at 3362 Pavetto Ln, Indianapolis, IN 46203, 3 beds, 2.5 baths

$256,000

3 beds2.5 baths1,964 sq ft

3362 Pavetto Ln, Indianapolis, IN 46203

Property at 3065 Hemlock Way, Indianapolis, IN 46203, 4 beds, 2.5 baths

$299,000

4 beds2.5 baths2,135 sq ft

3065 Hemlock Way, Indianapolis, IN 46203

Property at 719 Melvenia St, Indianapolis, IN 46219, 2 beds, 1 bath

$135,000

2 beds1 bath1,450 sq ft

719 Melvenia St, Indianapolis, IN 46219

Property at 3341 Carica Dr, Indianapolis, IN 46203, 3 beds, 2.5 baths

$299,900

3 beds2.5 baths2,630 sq ft

3341 Carica Dr, Indianapolis, IN 46203

Property at 2235 Waterman Ave, Indianapolis, IN 42303

$43,999

— beds— baths— sq ft

2235 Waterman Ave, Indianapolis, IN 42303

Property at 2080 Lick Creek Dr, Indianapolis, IN 46203

$59,900

— beds— baths— sq ft

2080 Lick Creek Dr, Indianapolis, IN 46203

Property at 1510 Faust Ave, Indianapolis, IN 46203

$34,000

— beds— baths— sq ft

1510 Faust Ave, Indianapolis, IN 46203

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NEW 4 HRS AGO3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Southeast Indianapolis, IN:
Cozy, well maintained mid-century style home in the heart of Christian Park previously used as a mid-term rental. Perfect for a small family, first-time home buyers or empty-nesters. Located on the near southeast side along Pleasant Run Creek. The park offers playground equipment, a spray pool, football fields, softball diamonds, basketball and tennis courts, horseshoes, shelters, and a recreation center. Programs available at Christian Park include youth sports, after-school programs, summer camps, and senior activities. The park is partially wooded and includes several trails. The home features newer AC & furnace and roof, walk in shower, vinyl laminate flooring. Long Driveway with

$135,000

2 beds1 bath864 sq ft

515 Clyde Ave, Indianapolis, IN 46203

Newer ac • Newer furnace • Several trails

NEW 5 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in Southeast Indianapolis, IN:
This charming 2-bedroom bungalow in Beech Grove is cozy comfort! Step inside to an inviting living space filled perfect for morning coffee or quiet evenings in. The home features an easy-flow layout an eat-in kitchen, and two well-sized bedrooms that offer a comfortable retreat at the end of the day. Outside, you'll find a lovely yard with room to garden, play, or simply relax. Nestled in a friendly neighborhood just minutes from local shops, parks, and everything Beech Grove has to offer, this adorable home is the perfect blend of convenience and charm.

$145,000

2 beds1 bath1,440 sq ft

138 N 3rd Ave, Beech Grove, IN 46107

Eat-in kitchen • Lovely yard • 5,314 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in Southeast Indianapolis, IN:
This charming brick and stone ranch home in Beech Grove offers a perfect blend of character and modern updates. Inside, you'll find four spacious bedrooms, gleaming hardwood floors, and fresh paint throughout. The remodeled kitchen features new 2025 EnergyStar stainless steel appliances, including a dishwasher and refrigerator, complemented by updated cabinets, stove, and microwave. A new roof was installed in 2016, adding both value and peace of mind. The finished basement provides a wonderful recreational space with decorative concrete floors, a bar, and a wet sink, while the large laundry and utility room includes an extra freezer and a convenient laundry chute. Outdoors, the expansive f

$235,000

4 beds2 baths2,214 sq ft

725 S 4th Ave, Beech Grove, IN 46107

Fishpond • Remodeled kitchen • Finished basement

SHORT SALE

ABOUT THIS HOME
Cheap Home for sale in Southeast Indianapolis, IN:
Discover an inviting single-family residence at 619 Memorial DR, Beech Grove, IN. This home is ready to move in with some cosmetics needed. This single family home offers 3 bedrooms and 1 full bathroom within 1053 square feet of living area, all situated on a generous 12501 square foot lot. The fenced backyard provides a secure and private outdoor space. Built in 1958, this property offers a blend of established charm and modern convenience. This would make a great starter home or investment property. All amenities, parks, and schools are close. Come and see this home, you will not be disappointed.

$209,900

3 beds1 bath1,053 sq ft

619 Memorial Dr, Beech Grove, IN 46107

Close to parks • Close to schools • Generous lot

ABOUT THIS HOME
Cheap Home for sale in Southeast Indianapolis, IN:
If you have a goal of homesteading, but you aren't quite ready physically or financially for a full farm. .. .well I have just the home for you! This 3 bed, 1.5 bath ranch offers just that! The current owner did all the hard work so you can come right in and reap (or eat) the rewards. Check out the pictures where you will find a loose layout of the yard with what is growing and the location. Don't miss the row of trees that are actively producing peach, apple, cherry and more! You also have a very deep 2 car garage that has been divided by a wall (that can be taken down at any time) so you can have a separated workshop for canning, income generating homesteading or whatever else your heart

$220,000

3 beds1.5 baths1,053 sq ft

402 Cherry St, Beech Grove, IN 46107

Separated workshop • Deep garage • Walking trails

NEW CONSTRUCTION

ABOUT THIS HOME
Cheap Home for sale in Southeast Indianapolis, IN:
Finally, an affordable dream home! This is the Washington floorplan (Deluxe Craftsman elevation) by Davis Homes which offers space and a flexible layout for today's living. It offers an open floorplan, first-floor bedroom AND office/study or whatever you need it to be, and a half bath. The kitchen is equipped with a walk-in pantry, a center island, and plenty of cabinet space, and is open to the dining nook and gathering room. The second level features a primary suite with the walk-in closet of your dreams, and an ensuite bath with a double vanity, roomy shower, and separate tub. All other bedrooms have walk-in closets and the icing on the cake is a large-sized loft space. This is a well-bu

$359,990

5 beds2.5 baths2,535 sq ft

7621 Sebastian Pl, Indianapolis, IN 46239

Washington floorplan • First-floor bedroom • Dining nook

Property at 154 S 4th Ave, Beech Grove, IN 46107, 2 beds, 1 bath

$174,999

2 beds1 bath1,350 sq ft

154 S 4th Ave, Beech Grove, IN 46107

Property at 269-271 E Burgess Ave, Indianapolis, IN 46219, 6 beds, 3 baths

$270,000

6 beds3 baths2,800 sq ft

269-271 E Burgess Ave, Indianapolis, IN 46219

Property at 2953 Strauss Ln, Indianapolis, IN 46239, 3 beds, 2.5 baths

$366,512

3 beds2.5 baths1,764 sq ft

2953 Strauss Ln, Indianapolis, IN 46239

Property at 2823 Strauss Ln, Indianapolis, IN 46239, 5 beds, 3 baths

$373,132

5 beds3 baths2,484 sq ft

2823 Strauss Ln, Indianapolis, IN 46239

Property at 2934 Strauss Ln, Indianapolis, IN 46239, 5 beds, 2.5 baths

$353,440

5 beds2.5 baths2,535 sq ft

2934 Strauss Ln, Indianapolis, IN 46239

Property at 360 S Spencer Ave, Indianapolis, IN 46219, 3 beds, 2.5 baths

$269,900

3 beds2.5 baths2,602 sq ft

360 S Spencer Ave, Indianapolis, IN 46219

Property at 247-249 S Emerson Ave, Indianapolis, IN 46219, 3 beds, 2 baths

$395,000

3 beds2 baths2,772 sq ft

247-249 S Emerson Ave, Indianapolis, IN 46219

Property at 116 S 3rd Ave, Beech Grove, IN 46107, 2 beds, 2.5 baths

$224,900

2 beds2.5 baths1,482 sq ft

116 S 3rd Ave, Beech Grove, IN 46107

Property at 122 S 3rd Ave, Beech Grove, IN 46107, 2 beds, 1.5 baths

$224,900

2 beds1.5 baths1,440 sq ft

122 S 3rd Ave, Beech Grove, IN 46107

Property at 156 S Spencer Ave, Indianapolis, IN 46219, 2 beds, 1 bath

$235,000

2 beds1 bath1,764 sq ft

156 S Spencer Ave, Indianapolis, IN 46219

Property at 3745 S Emerson Ave, Indianapolis, IN 46203, 2 beds, 2 baths

$189,900

2 beds2 baths1,858 sq ft

3745 S Emerson Ave, Indianapolis, IN 46203

Property at 6354 Belfry Way, Indianapolis, IN 46237, 3 beds, 2 baths

$235,000

3 beds2 baths1,410 sq ft

6354 Belfry Way, Indianapolis, IN 46237

Property at 3139 S Hartman Dr, Indianapolis, IN 46239, 4 beds, 2 baths

$244,000

4 beds2 baths1,594 sq ft

3139 S Hartman Dr, Indianapolis, IN 46239

$34,000

— beds— baths— sq ft

3250 Fisher Rd, Indianapolis, IN 46239

Based on information submitted to the MLS GRID as of Mon Nov 24 2025. 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 Southeast Indianapolis

There are currently 19 cheap homes for sale in Southeast Indianapolis at a median listing price of $222K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Southeast Indianapolis stay on the market for 48 days. Popular neighborhoods include Fountain Square, East Side Indianapolis, Old Scarsdale, Irvington, and South Side Indianapolis. This map is refreshed with the newest listings in Southeast Indianapolis every 15 minutes.

In the past month, 4 homes have been sold in Southeast Indianapolis. In addition to houses in Southeast Indianapolis, there were also 4 condos, 0 townhouses, and 1 multi-family unit for sale in Southeast Indianapolis last month. Southeast Indianapolis is a not walkable neighborhood in Indianapolis with a Walk Score of 10. Southeast Indianapolis is home to approximately 6,479 people and 2,517 jobs. Find your dream home in Southeast 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 Southeast Indianapolis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Southeast Indianapolis. If you're looking to sell your home in the Southeast Indianapolis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Southeast 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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