1506 E Edwards Ave, Indianapolis, IN 46227
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OFF MARKET

1506 E Edwards Ave
Indianapolis, IN 46227

University Heights
  • 6 Beds
  • 3 Baths
  • 4,305 sqft

$281,700

Trulia Estimate
as of Jul 7, 2026
Est. Refi. Payment $1,716/mo*
Refinance Your Home

$281,700

Trulia Estimate
as of Jul 7, 2026
Est. Refi. Payment $1,716/mo*
Refinance Your Home
6 Beds
3 Baths
4,305 sqft

Local Information

  • Map ViewExplore the area around 1506 E Edwards Ave.
  • Schools3 Preschool Schools4 Elementary Schools2 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Description

Spacious 6 bedroom home with 3 full baths walkable distance of University of Indianapolis! Covered front porch leads to main floor with great room, dining room, kitchen, bedroom, living room, laundry room and a full bathroom. Upstairs has 5 additional bedrooms with 2 full bathrooms, second laundry room. Entire home has been updated with luxury vinyl plank flooring. Unfinished basement and street parking available. Washer and dryer appliances not included. Section8 voucher accepted and also student rental.

Tenants are responsible for all utilities and renters' insurance. Apply on Zillow for a credit and background check.
We require the following:
1. A credit score of 550 or higher
2. Monthly household income at least 3 times the rent
3. Applicants must have no history of evictions, bankruptcies, criminal or housing court records.
4. A rent ledger showing rent payments for the past 6 12 months
5. Recent pay stubs
6. Bank statements for the past 2 months showing deposits
Please bring either printed copies or digital versions when you come for the tour.
1506 E Edwards Ave, Indianapolis, IN 46227 is a 6 bedroom, 3 bathroom, 4,305 sqft single-family home in University Heights. It last sold for $176,000 on Feb 12, 2020 (7,722% above the $2,250 asking price). More recently, it was listed as a rental in May 2025 with an asking price of $2,445 per month. That rental listing was removed on September 11, 2025. It is currently off market. The Trulia Estimate is $281,700, with a rent estimate of $2,248/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 1506 E Edwards Ave

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: Central AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Floors: Hardwood

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 Year

Exterior Features

Parking & Garage
Parking: Detached, On Site

Price History for 1506 E Edwards Ave

DatePriceEventSource
09/11/2025$2,250ListingRemovedZillow Rentals
08/09/2025$2,250PriceChange
Zillow Rentals
05/20/2025$2,445Listed For RentZillow Rentals
03/04/2022ListingRemovedZillow Rental Manager
02/10/2022$450PriceChange
Zillow Rental Manager
01/31/2022$1,900Listed For RentZillow Rental Manager
03/24/2021ListingRemovedN/A
02/28/2020$385ListingRemovedN/A
02/26/2020$385Listed For RentN/A
02/12/2020$176,000Sold
N/A
07/18/2012$125,000Sold
MIBOR as distributed by MLS GRID #21168402
03/30/2012$129,900Listed For SaleAgent Provided
09/28/2009$80,000Sold
MIBOR as distributed by MLS GRID #2927631

Market trends in Indianapolis

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$238K
$16.58KMoM
Sale-to-List Price
98.7%
0.4%MoM
Price per sq ft
$141
$7MoM
Available listings
3812
187MoM
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Property Tax and Assessment

Year2025
Tax$5,973
Assessment$255,300
Home facts updated by county records

Comparable Sales for 1506 E Edwards Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1437 E Edwards Ave, Indianapolis, IN
0.04
Single-Family Home
$195,000
05/15/26
3
3
2,072
1516 E Edwards Ave, Indianapolis, IN
0.02
Single-Family Home
$265,000
11/07/25
4
2
2,520
1511 E Edwards Ave, Indianapolis, IN
0.03
Single-Family Home
$230,000
05/29/26
4
1.5
2,192
4163 Otterbein Ave, Indianapolis, IN
0.10
Single-Family Home
$270,000
07/11/25
4
2
2,353
3802 Asbury St, Indianapolis, IN
0.39
Single-Family Home
$228,800
06/12/26
4
3
3,282
4108 S State Ave, Indianapolis, IN
0.14
Single-Family Home
$135,000
10/10/25
3
1.5
1,998
1305 Lawrence Ave, Indianapolis, IN
0.25
Single-Family Home
$225,000
02/05/26
4
2
2,100
1251 Lawrence Ave, Indianapolis, IN
0.27
Single-Family Home
$247,500
11/14/25
3
1.5
2,992
4125 Bowman Ave, Indianapolis, IN
0.22
Single-Family Home
$185,000
09/02/25
3
1.5
1,619
1751 E Hanna Ave, Indianapolis, IN
0.25
Single-Family Home
$150,000
12/09/25
3
2
1,900

Nearby homes

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Assigned Schools

These are the assigned schools for 1506 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

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Homes for sale near 1506 E Edwards Ave

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Off Market Homes Near 1506 E Edwards Ave

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