1420 E Edwards Ave, Indianapolis, IN 46227
Property image
Property image
FOR SALE
NEW - 2 DAYS AGO
0.26 ACRES

1420 E Edwards Ave
Indianapolis, IN 46227

University Heights
  • 4 Beds
  • 2.5 Baths
  • 3,396 sqft (on 0.26 acres)

$199,900

Est. Mortgage $1,251/mo*
Get Pre-Qualified

$199,900

Est. Mortgage $1,251/mo*
Get Pre-Qualified
4 Beds
2.5 Baths
3,396 sqft
(on 0.26 acres)

Local Information

  • Map ViewExplore the area around 1420 E Edwards Ave.
  • Schools9 Preschool Schools12 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Description

Indianapolis investment opportunity on a prime corner lot near the University of Indianapolis and just a short drive from downtown. Gutted to the studs and ready for its next chapter, this property comes with permit-ready plans for a 4-bedroom, 2.5-bath home featuring 9'+ ceilings, an open living room flowing into a huge kitchen and dining combo, and a private main-level primary suite with walk-in closet and en-suite bath. A half bath and laundry room round out the main level. Upstairs, three additional bedrooms - two with charming window seats and one boasting a huge walk-in closet - share a full bath, complemented by a linen closet and a skylight-lit stairwell that fills the upper level with natural light, plus a laundry chute for everyday convenience. The unfinished basement offers excellent storage or workshop space. Curb appeal is already in place with newer LP SmartSide siding, a newer roof, a striking red front door with sidelights, a covered front porch, and beautiful mature landscaping. Outside, enjoy a large detached 2-car garage, an expansive deck, and a fully fenced, privacy-fenced backyard. Situated on a .26-acre corner lot with 82' of frontage and 136' of depth, this property may also offer potential to split off a second buildable lot (subject to zoning approval) - a compelling upside for builders and investors seeking new construction or fix-and-flip potential in a high-demand area near the university. Bring your vision and your contractor; the heavy lifting of demo and design is already done.

Home Highlights

Parking
Garage
Outdoor
Deck
A/C
Cooling only
HOA
None
Price/Sqft
$59
Listed
2 days ago

Home Details for 1420 E Edwards Ave

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Daylight,Full,UnfinishedNumber of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 4Main Level Bedrooms: 1Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1Number of Bathrooms (main level): 2
Dimensions and Layout
Living Area: 3396 Square Feet
Appliances & Utilities
Appliances: NoneLaundry: Main Level
Heating & Cooling
Heating: NoneHas CoolingAir Conditioning: Central AirNo Heating
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Living Room, MasonryHas a Fireplace
Levels, Entrance, & Accessibility
Stories: 2Levels: Two

Exterior Features

Exterior Home Features
Patio / Porch: Covered, DeckFencing: Fenced, Full, Privacy, GateOther Structures: Barn MiniExterior: Fire Pit, Smart Lock(s)Foundation: Block, Brick/Mortar, Full
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached,Gravel
Farm & Range
Horse Amenities: None

Days on Market

Cumulative Days on Market: 1Days on Market: 2

Property Information

Year Built
Year Built: 1905
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Wood SidingNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Condition: Under ConstructionParcel Number: 491031101001336501

Price & Status

Price
List Price: $199,900Price Per Sqft: $59
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: IndianapolisCommunity: Elders University Heights
School Information
High School District: Perry Township Schools

Agent Information

Listing Agent
Listing ID: 22113220

Building

Building Area
Building Area: 3396 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.26 acres

Listing Info

Special Conditions: As Is, Broker Owned, Sales Disclosure On File

Miscellaneous

BasementMls Number: 22113220
Last check for updates: about 2 hours ago
Listing Provided by: Gretchen Szostak, (805) 886-8244
DNA Properties, LLC
Damian Szostak, (317) 413-7825
DNA Properties, LLC
Source: MIBOR as distributed by MLS GRID, MLS#22113220
Also Listed on MIBOR as distributed by MLS GRID.

Market trends in Indianapolis

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$243K
$9.18KMoM
Sale-to-List Price
99.2%
0.5%MoM
Price per sq ft
$143
$3MoM
Available listings
3885
69MoM

Price History for 1420 E Edwards Ave

DatePriceEventSource
07/10/2026$199,900Listed For SaleMIBOR as distributed by MLS GRID #22113220
04/27/2012$61,900Sold
N/A
02/15/2012$64,900Listed For SaleAgent Provided

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Property Tax and Assessment

Year2025
Tax$2,947
Assessment$124,300
Home facts updated by county records

Comparable Sales for 1420 E Edwards Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1516 E Edwards Ave, Indianapolis, IN
0.09
Single-Family Home
$265,000
11/07/25
4
2
2,520
1511 E Edwards Ave, Indianapolis, IN
0.08
Single-Family Home
$230,000
05/29/26
4
1.5
2,192
1305 Lawrence Ave, Indianapolis, IN
0.22
Single-Family Home
$225,000
02/05/26
4
2
2,100
1437 E Edwards Ave, Indianapolis, IN
0.05
Single-Family Home
$195,000
05/15/26
3
3
2,072
3802 Asbury St, Indianapolis, IN
0.43
Single-Family Home
$228,800
06/12/26
4
3
3,282
1090 E Markwood Ave, Indianapolis, IN
0.33
Single-Family Home
$248,500
07/10/26
4
2
2,068
1251 Lawrence Ave, Indianapolis, IN
0.23
Single-Family Home
$247,500
11/14/25
3
1.5
2,992
1318 Lawrence Ave, Indianapolis, IN
0.19
Single-Family Home
$285,000
12/01/25
3
2
2,024
4108 S State Ave, Indianapolis, IN
0.21
Single-Family Home
$135,000
10/10/25
3
1.5
1,998
4219 Mathews Ave, Indianapolis, IN
0.19
Single-Family Home
$124,000
12/30/25
3
1.5
1,469

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 1420 E Edwards Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

University Heights
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about University Heights

At least 46 Trulia users voted on each feature.

  • 85 % Say car is needed

  • 77 % Say yards are well-kept

  • 75 % Say parking is easy

  • 71 % Say it's dog friendly

  • 65 % Say there's holiday spirit

  • 61 % Say kids play outside

  • 54 % Say it's walkable to restaurants

  • 52 % Say it's quiet

  • 49 % Say there are sidewalks

  • 45 % Say it's walkable to grocery stores

  • 43 % Say neighbors are friendly

  • 41 % Say people would walk alone at night

  • 40 % Say there's wildlife

  • 35 % Say they plan to stay for at least 5 years

  • 25 % Say streets are well-lit

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Lauren Geist
    "Plenty of sidewalks and many other dog walkers & owners on every block. Friendly neighbors that care for their animals"
    0
    Flag
  • Lauren Geist
    "Many dog owners in this neighborhood. Friendly owners that take care of their furry family members!!!! "
    0
    Flag
  • Nicole Cooper-Dakus
    "We do not have community events. Other families have events that make them park in front of our driveway and make it impossible for us to get in or out. "
    0
    Flag
  • Trulia User
    "When taking our your dog there be dropping everywhere because people are too lazy to just pick their dogs dropppings."
    0
    Flag
  • Trulia User
    "great neighbors! I've lived here all my life, and it's a peaceful neighborhood. very pet friendly. don't usually get no trouble from anyone .."
    1
    Flag
  • Trulia User
    "lived here all my life. quiet, friendly neighborhood near the university. Perry township schools are excellent, and very short distance to interstate and several bus stops. great neighbors, my large male pitbull has got out a few times and every time was back home shortly after thanks to helpful neighbors. "
    4
    Flag
  • Trulia User
    "Not many places to go with your dogs, a lot of stray cats run around the neighborhood so if your dog has little self control it can be a bit of a hassle. "
    0
    Flag
  • Amcclaren5834
    "its nice and quiet around. the area is close to every thing you might need. the police are a bit over populated and the lack of bike lanes causes issues for me"
    5
    Flag
  • Andrea
    "Perfect for those who would take the red line. Unique new restaurant within walking distance. Fun university neighborhood. Great place for walks in the afternoon. Safe and quiet- protected by uindy police. "
    8
    Flag
  • Kassidy S.
    "It’s a good place to live with kids to grow up. Good for dogs but lot of police in area. College is great view and peaceful to walk around. "
    2
    Flag
  • Silverdove1984
    "Have lived here for 2.5 years and it is a neighborhood that will hopefully get better in time. A lot of random people walking through and through traffic speeds. Needs speed bumps and patrols. "
    1
    Flag
  • Audreyrenee2012
    "There are many parks in the area. It is a very safe and friendly place to live. There are stores and schools nearby."
    0
    Flag
  • Shannon
    "its a quiet neighborhood and people are nice and the school #65 is a great school. the college kids use the neighborhood for jogging and live here also."
    1
    Flag
  • M c.
    "it's a decent neighborhood. really like it. wouldn't mind owning a home here. the commute to work is decent as well"
    0
    Flag
  • dana m.
    "Great area to live and relax. 10 minute drive to downtown and close to 465 and 65 for easy access anywhere. 3 parks are in walking distance of my home and close to Southeastway or Southwestway Indy parks for the longer hikes. Restaurants are easy to access in any direction. 20 minutes to Castleton and 20 minutes to Greenwood!"
    0
    Flag
  • executivedelavega
    "I like the area is close to the higway, restaurants, shopping centers, I love the fact that I can walk to eat breakfast at McDonalds, Dennis restaurants or grocery shoping like Walt mart. Higly recomend it, is a quiet community & I really enjoy it."
    1
    Flag

LGBTQ Local Legal Protections

Gretchen Szostak, DNA Properties, LLC
Agent Phone: (805) 886-8244
Based on information submitted to the MLS GRID as of 2026-07-12 00:42:55 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
1420 E Edwards Ave, Indianapolis, IN 46227 is a 4 bedroom, 3 bathroom, 3,396 sqft single-family home built in 1905. 1420 E Edwards Ave is located in University Heights, Indianapolis. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Jul 10, 2026. The MLS # for this home is MLS# 22113220.