239 E  Caven St, Indianapolis, IN 46225
Property image
Property image
FOR SALE
NEW CONSTRUCTION

239 E Caven St
Indianapolis, IN 46225

Near Southside
  • Studio
  • 4 Baths

$425,000

Est. Mortgage $2,591/mo*

$425,000

Est. Mortgage $2,591/mo*
Studio
4 Baths

Local Information

  • Map ViewExplore the area around 239 E Caven St.
  • Schools3 Preschool Schools4 Elementary Schools1 Middle School4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Description

Attention investors and house hackers! Ground has just been broken on this brand-new upper/lower duplex in the highly desirable Bates-Hendricks neighborhood, just south of downtown Indianapolis. Each thoughtfully designed unit will feature an open-concept layout with a spacious living room, dining area, and kitchen, along with three bedrooms, two full baths, and a dedicated laundry room-ideal for today's renters. Located in one of Indy's fastest-growing areas, this property offers strong income potential, with projected rents ranging from $1,800 to $2,200 per month per unit. Estimated completion is set for late September, giving you the opportunity to secure a brand-new, low-maintenance asset before it hits the market. Whether you're looking to expand your investment portfolio or take advantage of a house-hacking opportunity by living in one unit and renting the other, this property checks all the boxes. Enjoy walkable access to the continued growth of Bates-Hendricks and just minutes from the dining, nightlife, and energy of nearby Fountain Square.

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
78 days ago

Home Details for 239 E Caven St

Active Status

MLS Status: Active

Interior Features

Beds & Baths
Number of Bathrooms: 4Number of Bathrooms (main level): 6
Appliances & Utilities
Laundry: Laundry Room
Levels, Entrance, & Accessibility
Stories: 2Levels: Two

Exterior Features

Exterior Home Features
Roof: Asphalt
Frontage
Road Frontage: Not Applic

Days on Market

Cumulative Days on Market: 43Days on Market: 78

Property Information

Year Built
Year Built: 2026
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, DuplexStructure Type: DuplexArchitecture: Traditional
Building
Is a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Condition: New ConstructionParcel Number: 491113104056005101

Price & Status

Price
List Price: $425,000
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: IndianapolisCommunity: Hildebrands
School Information
High School District: Indianapolis Public Schools

Agent Information

Listing Agent
Listing ID: 22098184

Lot Information

Lot Area: 3484.8 sqft

Miscellaneous

Mls Number: 22098184
Last check for updates: about 20 hours ago
Listing Provided by: Rob Measel, (812) 208-0498
F.C. Tucker Company
Eric Lantz, (317) 914-8296
Source: MIBOR as distributed by MLS GRID, MLS#22098184

Market trends in Indianapolis

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

Price History for 239 E Caven St

DatePriceEventSource
04/28/2026$425,000Listed For SaleMIBOR as distributed by MLS GRID #22098184
02/23/2026$15,000Sold
MIBOR as distributed by MLS GRID #22056766
02/06/2026$19,900PendingMIBOR as distributed by MLS GRID #22056766
12/19/2025$19,900PriceChange
MIBOR as distributed by MLS GRID #22056766
11/18/2025$24,900PriceChange
MIBOR as distributed by MLS GRID #22056766
10/17/2025$29,900PriceChange
MIBOR as distributed by MLS GRID #22056766
09/16/2025$38,500PriceChange
MIBOR as distributed by MLS GRID #22056766
08/14/2025$44,900Listed For SaleMIBOR as distributed by MLS GRID #22056766

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Property Tax and Assessment

Year2025
Tax$285
Assessment$12,000
Home facts updated by county records

Comparable Sales for 239 E Caven St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.15
Multi-Family Home
$285,000
03/27/26
6
4
-
0.23
Multi-Family Home
$215,000
10/08/25
6
4
-
0.21
Multi-Family Home
$425,000
10/16/25
6
4
-
0.13
Multi-Family Home
$205,000
11/18/25
6
3
-
0.33
Multi-Family Home
$598,500
12/12/25
3
4
-
0.20
Multi-Family Home
$357,426
07/02/26
2
2
-
0.24
Multi-Family Home
$160,000
09/04/25
4
2
-
0.57
Multi-Family Home
$130,000
08/06/25
6
4
-
0.32
Multi-Family Home
$525,000
03/25/26
6
6
-

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 239 E Caven St.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Near Southside

At least 56 Trulia users voted on each feature.
  • 95 % Say there are sidewalks

  • 86 % Say yards are well-kept

  • 81 % Say it's dog friendly

  • 72 % Say car is needed

  • 67 % Say kids play outside

  • 65 % Say it's walkable to restaurants

  • 65 % Say parking is easy

  • 64 % Say streets are well-lit

  • 63 % Say there's holiday spirit

  • 59 % Say neighbors are friendly

  • 59 % Say there's wildlife

  • 48 % Say people would walk alone at night

  • 43 % Say they plan to stay for at least 5 years

  • 41 % Say it's walkable to grocery stores

  • 41 % Say it's quiet

  • 39 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "everything makes our neighborhood feel special i love it i have 4 children and we always have fun and educational things to do around tge neighborhood!!"
  • Trulia User
    "lived here my entire childhood and so far adult life. I love it I feel safe and the neighbors are nice it's just so cozy"
  • Trulia User
    "put your dog on a leash and watch them. lost of stray amimals around here. other than that decent place to live"
  • Trulia User
    "Everyone is pleasant. You see families and couples walking their pets and enjoying where they live. Some people don’t even drive their vehicles to places they normally walk. "
  • Madamwendell
    "I do see owners walking their dogs all of the time, they are always on leash and well behaved. We seem to have loose dogs that get reported and returned to their home daily. "
  • Lilky_mullins
    "It’s great! Some people suck but mostly good people around here. Narrow streets. Some local traffic "
  • Cori D.
    "The wonderful atmosphere in the little neighborhoods tucked away from the busy streets. The neighbors are sweet and very friendly and I feel safe living here. "
  • Lilky_mullins
    "Lots of other dogs. although, some of them get loose and roam the neighborhood. Occasional dog poop on the sidewalks "
  • twiyakaska
    "you see people walking their dogs all the time around here. and we have the trails they can take their dogs walking on."
  • Alyssa K.
    "The neighborhood was dangerous. Cops down our street all the time. Cars broken into. Homeless people all around."
  • dustinfriesen
    "Lots of young families continually moving to this changing neighborhood. Unusually strong community values for long-time residents & new ones alike."
  • Jillpug
    "It's just really close to downtown and very up and coming. It is scenic & very close to churches, bars, & the YMCA. ok....."
  • Anisha T.
    "Parents, it is safe for kids typically during daylight but after dark it is fairly sketchy. Just watch your kids and u should be good! "
  • Robertwallace958
    "plenty of places to walk them, alot of fenced in yards, close to downtown, friendly and see the Lucas Oil Stadium "
  • Soccerakw
    "Great location! super convenient to downtown and freeways and walking distance to all the culture of Fountain Square. Yes there are some sketchier areas or streets and more than average car break-ins especially during the summer...but Bates Hendricks is one of the best places to live in Indiana. it's not boring."

LGBTQ Local Legal Protections

Rob Measel, F.C. Tucker Company
Agent Phone: (812) 208-0498
Based on information submitted to the MLS GRID as of 2026-07-15 10:23:03 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
239 E Caven St, Indianapolis, IN 46225 is a studio, 4 bathroom multi-family built in 2026. 239 E Caven St is located in Near Southside, Indianapolis. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Apr 28, 2026. The MLS # for this home is MLS# 22098184.