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Image 1 - 4841 E Terrace Ave, Indianapolis, Indiana, 46203 - House for sale
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Home For Sale In Indianapolis, Indiana
4841 E Terrace Ave, Indianapolis, Indiana, 46203

Home For Sale In Indianapolis, Indiana

house for sale
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Listed: 02/03/24

4841 E Terrace Ave, Indianapolis, Indiana, 46203

2 Bed:
1 Bath:
780 Sq Ft Living Area:
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Price
$ 250,000
Price:  Increased

About This House

Unique opportunity to own 3 contiguous lots for either an owner occupant or investor for income production. The 3 lots have a storage building, 2 bedroom/1 bath residential unit/Apartment and a large 2 bay mechanics garage. The mechanics garage is heated and cooled. There is a bathroom, office and large entry area. Both garage bays have oversized garage doors for servicing larger vehicles. While zoned residentially, the owner successfully worked out of this space for nearly 50 years servicing vehicles. The residential unit has a working kitchen and laundry, large bedroom with door to outside courtyard. There is a large patio connecting the residential unit to the storage building. Storage building currently being leased. Own and occupy all 3 buildings or own and lease all three. The potential for this unique property is vast.

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Indianapolis Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In May 2024, the asking price for 2 bed houses for sale in/near Indianapolis, United States averaged $193,896, a decrease of 10% from the previous month.
Median price trends for properties for sale in Indianapolis, United States as of May 2024.