Cheap homes for sale & real estate in Fountain Square South, IN

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ABOUT THIS HOME
Cheap Home for sale in Fountain Square South, IN:
Fully remodeled 3-bedroom, 2-bath home just minutes from downtown Indianapolis, Garfield Park, Pleasant Run Greenway, the new Justice Campus, Fountain Square, and the University of Indianapolis. Taken down to the studs and completely rebuilt in 2023, this home offers true peace of mind with every major system and surface replaced, including the roof, siding, windows, electrical, plumbing, HVAC, water heater, drywall, flooring, lighting, kitchen, and baths. Step inside to an open, modern floorplan featuring new LVP flooring on the main level and a stylish living room with an electric fireplace. The gorgeous kitchen offers a large center island, most stainless steel appliances, and abundant c

$345,000

3 beds2 baths1,970 sq ft

1549 Harlan St, Indianapolis, IN 46203

Large center island • Electric fireplace • Remodeled home

ABOUT THIS HOME
Cheap Home for sale in Fountain Square South, IN:
Back on market! NEW (2025): HVAC, A/C, Water Heater, Electrical Panel and outlets, Pex Plumbing, Vinyl Plank Flooring, Entire Porch, Concrete parking pad and walkways, Recessed Lighting, Kitchen cabinets, Granite countertops, Stainless Steel Appliances, Primary Suite with Standing Shower and Double Vanity, Toilets, Brushed black faucets. .. Charming yet new and modern 3bedroom 2full bath and full basement with lots of storage. Located just minutes from Fountain Square and Garfield Park in a neighborhood experiencing significant revitalization. Check out a comp almost directly across the street!

$185,000

3 beds2 baths2,428 sq ft

1718 Thaddeus St, Indianapolis, IN 46203

Standup shower • Renovated bath • Updated kitchen

ABOUT THIS HOME
Cheap Home for sale in Fountain Square South, IN:
Nice investment property potential! Inside needs remodeling as was burned in fire. The inside is down to the studs. Needs plumbing, electrical, insulation & dry wall.

$150,000

3 beds2 baths2,388 sq ft

1846 Olive St, Indianapolis, IN 46203

4,617 sq ft lot • Built 1924 • Listed 128 days

OPEN SUN, 1PM TO 3PM

ABOUT THIS HOME
Cheap Home for sale in Fountain Square South, IN:
New 2025 Build near Fountain Square! Modern 3BR, 2.5BA home with open layout. The main level features a versatile bonus/flex room, ideal for a home office, playroom, or additional lounge space. The kitchen is the centerpiece of the home, boasting a large quartz island, shaker-style cabinets, and all-new stainless steel appliances, including a washer and dryer. Upstairs, the loft and primary bedroom each open to a private balcony, perfect for morning coffee or evening relaxation. Every major component furnace, air conditioner, and water heater is brand new, ensuring peace of mind and energy efficiency. Additional highlights include a one-car garage, built-in dog house, and modern finishes th

$435,000

3 beds2.5 baths1,680 sq ft

1523 Harlan St, Indianapolis, IN 46203

Move-in ready • Built-in dog house • Private balcony

ABOUT THIS HOME
Cheap Home for sale in Fountain Square South, IN:
Fall in love with this charming home located just steps from Fountain Square! This newly renovated 2-bedroom, 1-bath residence features modern finishes and a move-in-ready style. Enjoy open-concept living and dining, on-trend vinyl plank floors, and a front covered porch ideal for enjoying your morning coffee. Perfect for first-time home buyers or investors, with low property taxes and median area rents over $1,000/month. Walk to nearby restaurants and shops, or take a stroll along the Pleasant Run Trail.

$145,000

2 beds1 bath1,344 sq ft

1610 E Palmer St, Indianapolis, IN 46203

Fountain square • Modern updates • Investment rental

Property at 1602 S Randolph St, Indianapolis, IN 46203, 3 beds, 2 baths

$220,000

3 beds2 baths1,933 sq ft

1602 S Randolph St, Indianapolis, IN 46203

Property at 1730 S State Ave, Indianapolis, IN 46203, 2 beds, 1 bath

$139,999

2 beds1 bath704 sq ft

1730 S State Ave, Indianapolis, IN 46203

Property at 1534 S State Ave, Indianapolis, IN 46203, 3 beds, 2 baths

$209,900

3 beds2 baths2,209 sq ft

1534 S State Ave, Indianapolis, IN 46203

Property at 1606 Asbury St, Indianapolis, IN 46203, 3 beds, 1 bath

$149,900

3 beds1 bath892 sq ft

1606 Asbury St, Indianapolis, IN 46203

Property at 1737 Laurel St, Indianapolis, IN 46203, 2 beds, 1 bath

$165,000

2 beds1 bath1,872 sq ft

1737 Laurel St, Indianapolis, IN 46203

Property at 1615 E Minnesota St, Indianapolis, IN 46203

$39,000

— beds— baths— sq ft

1615 E Minnesota St, Indianapolis, IN 46203

Property at 1729 Shelby St, Indianapolis, IN 46203

$99,000

— beds— baths— sq ft

1729 Shelby St, Indianapolis, IN 46203

Property at 1722 Thaddeus St, Indianapolis, IN 46203

$60,000

— beds— baths— sq ft

1722 Thaddeus St, Indianapolis, IN 46203

Property at 1733 Shelby St, Indianapolis, IN 46203

$105,000

— beds— baths— sq ft

1733 Shelby St, Indianapolis, IN 46203

Property at 1622 Draper St, Indianapolis, IN 46203

$45,000

— beds— baths— sq ft

1622 Draper St, Indianapolis, IN 46203

$30,000

— beds— baths— sq ft

1721 Dawson St, Indianapolis, IN 46203

$39,900

— beds— baths— sq ft

1717 S State Ave, Indianapolis, IN 46203

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ABOUT THIS HOME
Cheap Home for sale in Fountain Square South, IN:
RENT TO OWN OPPORTUNITY!!! Seller willing to finish all necessary items for suitable buyer. Nestled at 1406 Terrace AVE, INDIANAPOLIS, IN, this single-family residence offers an inviting home, ready to welcome its new owners. Envision mornings spent in the sunroom, a bright and airy space where natural light streams through, creating a warm and inviting atmosphere, providing a tranquil start to each day. The kitchen features shaker cabinets and a backsplash, combining style and functionality, making meal preparation a pleasure. Step outside onto the patio, an outdoor space that presents opportunities for relaxation and enjoyment of the surrounding environment. With three bedrooms and one fu

$210,000

3 beds1 bath1,611 sq ft

1406 Terrace Ave, Indianapolis, IN 46203

Extra lot • Sunroom • Shaker cabinets

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Fountain Square South, IN:
Welcome to 1401 Linden St in Indianapolis! This charming 2-bedroom, 1-bath home, built in 1890, is move-in ready and perfectly located within walking distance to local restaurants and shops. Enjoy relaxing on the front porch and appreciate the added convenience of a dedicated laundry room. Just a stones throw from local restaurants & shops. This would also be a great introduction to your investment portfolio.

$159,000

2 beds1 bath1,042 sq ft

1401 Linden St, Indianapolis, IN 46203

Front porch • 5,968 sq ft lot • Built 1890

ABOUT THIS HOME
Cheap Home for sale in Fountain Square South, IN:
Welcome home to 1329 Spruce Street in historic Fountain Square. This charming three bedroom, two bath home has been beautifully restored and is ready for its next chapter. A cozy, covered front porch welcomes you-perfect for morning coffee or relaxing in the evenings. Inside, the first floor features a living room and dining room with beautiful hardwood floors, along with the kitchen, laundry area, a full bath, and a guest bedroom. Just off the kitchen, a generous screened-in porch offers additional space to unwind. Upstairs, you'll find a versatile loft ideal for a home office, spacious primary bedroom with walk-in closet, another bedroom with custom built-ins, a second full bath, and a hu

$315,000

3 beds2 baths2,808 sq ft

1329 Spruce St, Indianapolis, IN 46203

Off street parking • Hardwood floors • 2,134 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in Fountain Square South, IN:
Welcome to Fountain Square! Prepare to be impressed by this meticulously redesigned single-family residence located in the heart of the highly sought-after Fountain Square neighborhood. This charming 3-bedroom, 1-bathroom home has been comprehensively updated, offering modern functionality, quality finishes, and immediate move-in readiness in a vibrant community. The kitchen is the focal point, designed for both entertaining and casual living. It showcases elegant quartz countertops and a functional large island perfect for meal prep and gathering. Inside, you can enjoy cozy evenings by the living room fireplace, which casts a warm, inviting glow. Outside, the allure of private outdoor livi

$350,000

3 beds1 bath1,362 sq ft

1314 Laurel St, Indianapolis, IN 46203

Large island • Deck • 5,968 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in Fountain Square South, IN:
Nestled at 1342 Barth AVE, INDIANAPOLIS, IN, this single-family residence offers an inviting home ready for its next chapter. Imagine evenings spent in the living room, the fireplace radiating warmth and creating a cozy ambiance for relaxation and conversation. The heart of this residence is undoubtedly the kitchen, showcasing shaker cabinets that blend seamlessly with both classic and contemporary styles, providing ample storage and a touch of elegance. With five bedrooms and two full bathrooms spread across two stories, this residence provides ample space for comfortable living. The property includes a porch, offering a welcoming entrance and a perfect spot to enjoy the outdoors. Embrace

$385,000

5 beds2 baths2,935 sq ft

1342 Barth Ave, Indianapolis, IN 46203

Porch • Kitchen • Living room

ABOUT THIS HOME
Cheap Home for sale in Fountain Square South, IN:
Come check out this two bedroom, one bath bungalow near Bates-Hendricks. You are welcomed by an open floor plan that flows seamlessly from the living room into the kitchen. The kitchen has an updated sink, stainless appliances, new butcher block countertops and some new cabinetry. The home features a brand new water heater and water softener. The spacious backyard allows for entertaining, along with a new parking pad and garage door. The covered front porch is perfect for unwinding after a long day. Come discover all this home and neighborhood have to offer!

$174,999

2 beds1 bath1,428 sq ft

903 E Pleasant Run Parkway South Dr, Indianapolis, IN 46203

Open floor plan • Stainless appliances • New water heater

Property at 1711 Ringgold Ave, Indianapolis, IN 46203, 3 beds, 2.5 baths

$225,000

3 beds2.5 baths1,339 sq ft

1711 Ringgold Ave, Indianapolis, IN 46203

Property at 1418 St Paul St, Indianapolis, IN 46203, 3 beds, 1 bath

$193,500

3 beds1 bath1,000 sq ft

1418 St Paul St, Indianapolis, IN 46203

Property at 1234 E Pleasant Run Parkway North Dr, Indianapolis, IN 46203, 2 beds, 2 baths

$210,000

2 beds2 baths1,115 sq ft

1234 E Pleasant Run Parkway North Dr, Indianapolis, IN 46203

Property at 1877 Barth Ave, Indianapolis, IN 46203, 2 beds, 1 bath

$120,000

2 beds1 bath1,400 sq ft

1877 Barth Ave, Indianapolis, IN 46203

Property at 1810 Calhoun St, Indianapolis, IN 46203, 2 beds, 1 bath

$172,000

2 beds1 bath744 sq ft

1810 Calhoun St, Indianapolis, IN 46203

Property at 1852 Shelby St, Indianapolis, IN 46203

$39,900

— beds— baths— sq ft

1852 Shelby St, Indianapolis, IN 46203

Based on information submitted to the MLS GRID as of Thu Jan 01 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 Fountain Square South

There are currently 17 cheap homes for sale in Fountain Square South at a median listing price of $167K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Fountain Square South stay on the market for 83 days. Popular neighborhoods include West Indianapolis, Downtown Indianapolis, Fountain Square, Bates-Hendricks, and North Side Indianapolis. This map is refreshed with the newest listings in Fountain Square South every 15 minutes.

In the past month, 4 homes have been sold in Fountain Square South. In addition to houses in Fountain Square South, there were also 0 condos, 0 townhouses, and 2 multi-family units for sale in Fountain Square South last month. Find your dream home in Fountain Square South 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 Fountain Square South are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Fountain Square South. If you're looking to sell your home in the Fountain Square South area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Fountain Square South with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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