1531 N Downey AVE, Indianapolis, IN 46219
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1531 N Downey AVE, Indianapolis, IN 46219
1531 N Downey AVE, Indianapolis, IN 46219
1531 N Downey AVE, Indianapolis, IN 46219
1531 N Downey AVE, Indianapolis, IN 46219
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Jennifer Funkhouser

Jennifer Funkhouser

+1(317) 752-3332
Listed by Kevin Burke • @properties
$ 220,000
Est. payment /mo
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1531 N Downey AVE Indianapolis, IN 46219

4 Beds

2 Baths

2,388 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,388 sqft

Price per Sqft $92

Subdivision Justus Downey

MLS Listing ID 22118137

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1955

Tax Year 2025

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Single Family Residence

Property Description

Priced to sell! Welcome to 1531 N Downey Ave, a solid all-brick home offering an exceptional opportunity to build equity in one of Indianapolis' growing east-side neighborhoods. Conveniently located just minutes from Community Hospital East, Irvington, shopping, dining, and commuter routes, this home is ideal for buyers looking for space, value, and long-term potential. This 4-bedroom, 2-bathroom home also features an additional bedroom in the basement, providing flexibility for a growing family, home office, guest suite, or rental opportunity. The main level offers a spacious living room with a wood-burning fireplace, while the kitchen is equipped with granite countertops, stainless steel appliances, a wine cooler, and an included washer and dryer. Downstairs, the partially finished basement adds substantial square footage and includes a full bathroom, offering incredible potential to expand the finished living space and further increase the home's value. Whether you're an owner-occupant looking to personalize your next home or an investor seeking a value-add opportunity, this property offers multiple paths to success. With great bones, a desirable brick exterior, and room to add your own finishing touches, 1531 N Downey Ave is your chance to walk into significant equity at an attractive price. Don't miss this opportunity to unlock this home's full potential.

Location

State IN

County Marion

Rooms

Basement Finished Walls, Partially Finished

Main Level Bedrooms 3

Interior

Interior Features Attic Access, Built-in Features, Paddle Fan

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplaces Number 2

Fireplaces Type Basement, Family Room, Living Room

Equipment Smoke Alarm

Fireplace Y

Appliance Dishwasher, Microwave, Electric Oven, Refrigerator, Gas Water Heater

Exterior

Garage Spaces 2.0

Water Access Desc Public

Building

Story One

Foundation Block

Water Public

Architectural Style Traditional

Structure Type Brick,Stone

New Construction false

Schools

Elementary Schools Brookview Elementary School

High Schools Warren Central High School

School District Msd Warren Township

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

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Jennifer Funkhouser

Jennifer Funkhouser

Broker | License ID: RB14052158

+1(317) 752-3332

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1531 N Downey AVE