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1603 E Market Street

Indianapolis, IN 46201

5 beds
4 baths
2,700 sqft
5,576 sqft lot
$166 per sqft
2020 build

Modern Living Meets Urban Charm in Arsenal Heights! Welcome to your dream home in one of Indy's hottest up-and-coming neighborhoods-Arsenal Heights on the vibrant Near-Eastside of Downtown Indy! Built in 2020, this modern gem offers the best of both worlds-contemporary design and a neighborhood rich in history and character. Step inside to find a smart, well-thought-out layout featuring a main floor primary suite (yes, no stairs needed!), main floor laundry (hello convenience!), and an open, airy living space perfect for entertaining or cozy nights in. But wait-there's more! Head upstairs and you'll find a second living area, ideal for a media room, playroom, or just a great flex space. The true showstopper? A private-access basement apartment-complete with its own exterior stairway entrance. Whether you're dreaming of passive income via Airbnb, need space for long-term guests, or want a home that adapts with your lifestyle, this versatile lower level delivers. Enjoy easy access to the bustling heart of Downtown Indy, nearby Bottleworks, Neidhammer Coffee, Futuro Pizza, Ash & Elm-plus the growing Arsenal Heights community, where charm, location, and opportunity intersect.Modern. Flexible. Income-producing. Walkable. This is the kind of property that doesn't come around often-and it's waiting for you to make your move.

Listing courtesy of MIBOR / CENTURY 21 Scheetz

Last checked: Checking… • Last updated Apr 14, 2025 •

MLS# 22031399 —

The Building

Year Built:

2020
New Construction:

false
Construction Materials:

Cement Siding
Architectural Style:

TraditonalAmerican
Levels:

Three Or More
Basement:

true
Basement:

Ceiling - 9+ feet, Egress Window(s), Finished Walls, Walk Out
Foundation Details:

Concrete Perimeter
Patio And Porch Features:

Multiple Decks, Covered Porch
Accessibility Features:

No
Green Certification:

No
Upper SqFt:

900
Building Area Total:

2700
Below Grade Finished Area:

900

Interior

Rooms:

8
Rooms Total:

11
Rooms Total:

8
Interior:

Living Room - 2 Story
Interior Features:

Walk-in Closet(s), Screens Complete, Supplemental Storage, Windows Vinyl, Bath Sinks Double Main, Eat-in Kitchen, In-Law Arrangement
Other Equipment:

Smoke Alarm, Sump Pump
Eating Area:

Dining Combo/Kitchen
Laundry Features:

In Basement, Main Level

Room Dimensions

SqFt:

1800
Main Level SqFt:

900
Living Area:

2700

Location

Directions:

GPS Friendly
Latitude:

39.7681256
Longitude:

-86.1316114

The Property

View:

true
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Parcel Number:

491006182032000101
Acres:

<1/4 Acre
Lot Features:

Sidewalks, Not In Subdivision
Lot Size Acres:

0.13
Lot Size SqFt:

5,576 Sqft
Price Per Acre:

3461538
Horse Amenities:

None

Listing Agent

Contact info:

Taxes

Tax Lot:

14
Tax Year:

2024
Tax Exemptions:

Homestead Tax Exemption
Semi Annual Property Tax Amt:

2684

Beds

Beds:

4
Bedrooms:

4
Bedrooms Total:

5
Main Level Bedrooms:

1
Primary Bedroom Description:

Closet Walk in
# of Bedrooms Upper:

3
# of Bedrooms Basement:

1

Baths

Baths:

4
Full Baths:

3
Full Baths:

2
Half Baths:

1
Half Baths:

1
Full Baths Main:

1
Half Baths Main:

1
Full Baths Upper:

1
Full Baths Basement:

1

Heating & Cooling

Heating:

Forced Air, Natural Gas

Utilities

Utilities:

Electricity Connected, Sewer Connected, Water Connected
Water Source:

Municipal/City
Solid Waste:

No

Appliances

Appliances:

Dishwasher, Electric Water Heater, Disposal, MicroHood, Electric Oven, Refrigerator, Water Softener Owned

Schools

High School District:

Indianapolis Public Schools

The Community

Subdivision Name:

J M Ridenours 2nd Add
Association:

false

Parking

Parking Features:

Detached
Garage:

true
Garage Spaces:

2
Garage & Parking:

Service Door
Garage SqFt:

484

Monthly cost estimate

Asking price

$450,000

Expense	Monthly cost
Mortgage	$2,409
Taxes	$447
Insurance	$123
Utilities	$130 See report
Total	$3,109/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
4/8/25 Apr 8, 2025	Listed / Active	MIBOR	$450,000	26.8% (7.1% / YR)
6/24/21 Jun 24, 2021		MIBOR	$355,000	-1.4%
6/7/21 Jun 7, 2021		MIBOR	$360,000

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This house located in South Side Indianapolis, Indianapolis, IN 46201 is currently for sale for $450,000. 1603 E Market Street is a 2,700 square foot house with 5 beds and 4 baths. 1603 E Market Street is in the South Side Indianapolis neighborhood of Indianapolis and has a WalkScore® of 69, making it somewhat walkable. This house is in the attendance area of Riverside High School, Arsenal Technical High School, George Washington Community High School, and Washington Irving School 14.

Listing Courtesy of: MIBOR and CENTURY 21 Scheetz.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. 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.

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