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4841 E Terrace Ave Indianapolis IN 46203 MLS 21958088

$250,000

Photo one of 4841 E Terrace Ave Indianapolis IN 46203 | MLS 21958088
4841 E Terrace Ave
Indianapolis, IN 46203 MLS# 21958088
  • Bedrooms

    2

  • Baths

    1

  • Sq. Feet

    780

  • Year Built

    1947

  • Days on Market

    120

  • $/SqFt

    $321

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Home Description: 4841 E Terrace Ave

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.

  • Property Type: Single Family
  • Style: TraditonalAmerican
  • Acres: 1/4-1/2 Acre
  • Siding: Wood Siding
  • Patio & Porch: Open Patio

Available now at $250,000

Approximate Room Sizes / Descriptions

Primary Bedroom16x11Main
  • Interior Description: Eat-in Kitchen
  • Full Baths: 1
  • Appliances: Electric Cooktop,Refrigerator
  • Eating Area: Dining Combo/Kitchen
  • Heating: Forced Air
  • Cooling: Central Electric
  • : sherryminkis@gmail.com

Neighborhood

The average asking price of a 2 bedroom Indianapolis home in this zip code is $204,358 (18.3% less than this home).

This home is priced at $321/sqft, which is 48.1% less than similar homes in the 46203 zip code.

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4841 E Terrace Ave Indianapolis IN 46203

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School Information

  • School District:Indianapolis Public Schools

Financial

  • Approx Payment:$1,242*
  • Semi Annual Taxes:$788

Area Stats

These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (317) 252-0427 and speak with one of our real estate consultants.

Listing Courtesy of Sherry Minkis. For information or to schedule a viewing of this property (MLS# 21958088) located at 4841 E Terrace Ave Indianapolis IN 46203, call: 317-252-0427

4841 E Terrace Ave, Indianapolis IN is a single family home of 780 sqft and is currently priced at $250,000 . This single family home has 2 bedrooms. A comparable home for sale at 1750 E Raymond St in Indianapolis is listed at $119,900. This home on 4841 E Terrace Ave has not had a price change. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Indianapolis, IN. Brokenburr Trails, Franklin Gardens and Glennroy Village are nearby neighborhoods. MLS 21958088 has been posted on this site since 12/30/2023 (119 days ago).

2024

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