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$50,000
4 Beds ⋅ 2 Baths
Exceptional redevelopment opportunity in a growing Indianapolis location! This fire-damaged property sits on a generous lot in Lawrence Township and offers multiple paths to create value. Whether you choose to restore the existing structure, complete a full rebuild, or explore new construction possibilities, this property presents an excellent opportunity for experienced investors and builders. Surrounded by established neighborhoods with convenient access to I-465, Fort Harrison State Park, shopping, dining, and major employers, the location adds significant long-term appeal. With over a quarter-acre lot, municipal utilities, and strong redevelopment potential, this is the perfect project for someone with the vision to bring new life to the property. Property is being sold **as-is**. Due to the condition of the home, buyers must sign the required Hold Harmless Agreement prior to showing. **Cash buyers only.** Buyer to verify all zoning, redevelopment, and construction possibilities.

8296 E 46th Street, Indianapolis

Listing courtesy of F.C. Tucker Company.

$50,000
Located at 2938 E Michigan St in Indianapolis, this duplex presents a prime value-add opportunity for investors or experienced rehabbers. The property has sustained fire damage mainly on the right side and is being sold as-is, offering a blank slate for a full renovation. With strong rental demand in the area and proximity to downtown Indianapolis, this property has excellent upside potential once restored. Ideal for a gut rehab, allowing you to redesign and maximize layout, finishes, and rental income. Whether you're looking to fix and flip or build long-term cash flow, this is a fast sale opportunity priced to move. Bring your contractor and vision-this one won't last. Cash or hard money preferred. Quick close available.

2938 E Michigan Street, Indianapolis

Listing courtesy of The Modglin Group.

$49,900
3 Beds ⋅ 2 Baths
INVESTOR SPECIAL! Opportunity awaits at 2452 N Oxford St. Priced at just $49,900, this distressed property is ready for an experienced investor, rehabber, or buyer looking for their next renovation project. The property has been vacant and has not been accessed since 2022, so the current interior condition is unknown. Buyers should anticipate a full renovation and perform their own due diligence regarding the condition of the home, utilities, mechanicals, structure, and all other components. With a price point that leaves room for improvements, this could be an opportunity to renovate and resell, add to a rental portfolio, or completely reimagine the property. Property is being sold AS-IS. Seller will make no repairs. Cash or renovation financing may be most appropriate. Buyer and buyer's agent to verify all information deemed important.

2452 N Oxford Street, Indianapolis

Listing courtesy of AMR Real Estate LLC.

$40,000
Great Investment & Development Opportunity! Build your dream home on this clear 39' x 121' lot located in an area experiencing ongoing revitalization and improvement. Whether you're looking to build a new home, expand your personal space, or invest in an area with exciting urban amenities nearby, this property offers excellent potential. Location is a major highlight! Walk or bike to the Monon Trail, located just west of the property, or enjoy JTV Park, only a few blocks away. Easy interstate access makes commuting and exploring Indianapolis convenient, while some of the city's most popular destinations are just minutes away. Mass Ave, Kennedy-King Park, North Mass Boulder, Douglas Park, and Downtown Indianapolis are all within easy reach. Douglas Park offers a variety of recreational amenities, including golf, basketball, tennis, a playground, and a swimming pool. You'll also be close to an outstanding selection of restaurants, entertainment, shopping, sporting events, nightlife, and everything downtown Indy has to offer. Build your dream home here or consider purchasing the lot together with the home at 2219 Hovey St. to create a larger property with additional yard space, parking, or room to expand your personal living environment. An excellent opportunity to secure land in a convenient location with growing neighborhood amenities and easy access to downtown Indianapolis. See media for lot information. House at 2219 Hovey St. is available for sale separately. See BLC #22125647.

2217 Hovey Street, Indianapolis

Listing courtesy of EVERGROW Realty Group.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative