# 501 E Markwood Avenue, Indianapolis, IN 46227

> **TL;DR:** 2bd/4ba single family, $449,000 ($114/sqft), built 1936, 3,949 sqft.
> Fireplace, A/C. Est. $1,946/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $449,000 |
| Price/sqft | $114 |
| Bedrooms | 2 |
| Bathrooms | 4 full |
| Square Feet | 3,949 |
| Year Built | 1936 |
| Lot Size | 11,326 sqft (0.26 acres) |
| Stories | 2 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,946 |
| **Total** | **$1,946** |

## Key Amenities

- Fireplace
- A/C

## Property Highlights

- Built in 1936
- 0.26 acre lot
- 2 stories
- Fireplace

## Description

### Agent Description
Property Highlights: Asking Price: $449,000 Location: 501 E. Markwood Ave, Indianapolis, IN Commercial Zoning with redevelopment and mixed-use potential Income-producing apartment building 12 asphalt parking spaces providing ample on-site parking for tenants and visitors Convenient access to major highways, downtown Indianapolis, shopping, restaurants, and public transportation Strong opportunity for investors seeking stable cash flow and long-term appreciation This property is ideal for investors looking to add a versatile, income-generating asset to their portfolio while benefiting from the flexibility of commercial zoning and generous on-site parking. Don't miss this opportunity to invest in one of Indianapolis' growing neighborhoods.

## Location

- **Address:** 501 E Markwood Avenue, Indianapolis, IN 46227
- **County:** Marion
- **Neighborhood:** Homedell
- **Coordinates:** 39.703276, -86.1485
- **Google Maps:** https://www.google.com/maps?q=39.703276,-86.1485

## Listing Agent

- **Name:** Virender Kumar
- **Brokerage:** United Real Estate Indpls
- **Phone:** (317) 255-7285
- **Email:** tomvicky69@gmail.com

## Primary Photo

![501 E Markwood Avenue - Primary Photo](http://lh.rdcpix.com/a268417546a4d9d17dfa46db2846dbael-f856066444r.jpg)

*13 total photos available on [listing page](https://www.propertysimple.com/listing/501-e-markwood-avenue-indianapolis-in-46227-22107644)*

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**MLS#:** 22107644 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/501-e-markwood-avenue-indianapolis-in-46227-22107644)

---

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