727 Terrace Ave

1,621 Sq. Ft.
$136 / Sq. Ft.
1,621
Sq. Ft.
$136
per Sq. Ft.

Description

Finally! An affordable home that's move in ready downtown, 727 Terrace Avenue! This recently renovated two bedroom, one bath home offers comfortable living with updates already completed for peace of mind. The HVAC and central air system are only a few years old, while the roof was replaced in 2025. New flooring and carpet throughout give the home a fresh, modern feel, complemented by matching marble tile in both the bathroom and laundry room. Each bedroom offers comfortable living space, and the...Finally! An affordable home that's move in ready downtown, 727 Terrace Avenue! This recently renovated two bedroom, one bath home offers comfortable living with updates already completed for peace of mind. The HVAC and central air system are only a few years old, while the roof was replaced in 2025. New flooring and carpet throughout give the home a fresh, modern feel, complemented by matching marble tile in both the bathroom and laundry room. Each bedroom offers comfortable living space, and the home's generous layout provides plenty of room to relax, entertain, or work from home. Situated on one of the most desirable streets in Bates Hendricks, you'll enjoy convenient access to nearby parks, popular restaurants, local bars, and downtown Indianapolis corporate offices. Whether you're looking for your next home or a turnkey investment property, 727 Terrace delivers location, updates, and value all in one package.
  1. Listed by Terry Evans • Empire Real Estate LLC
    P: (260)-330-0242 tevans@empireindiana.com

Property Details for 727 Terrace Avenue

Architectural Style
Other
Subdivision Name
B & W
Township
Center
LISTING UPDATED: 06/24/2026 06:18 PM

Property Details for 727 Terrace Avenue

StatusActive
MLS #22109751
Days on Market12
Taxes$778 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1920
Lot Size0.08 AC / 3,484 SF
CountyMarion County

Location

Listing Courtesy of Empire Real Estate LLC
Add your commute

Building Information for 727 Terrace Avenue

Stories-Year Built1920Building Size-Lot Size0.08 AC / 3,484 SF

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$1,225 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,096

Property Taxes

$130

HOA Dues

$0

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Property Information for 727 Terrace Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46203
  • Postal Code Plus4: 2730
  • State Or Province: IN
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 491113123069000101
  • Semi Annual Property Tax Amt: 778
  • Tax Exemption: Homestead Tax Exemption
  • Tax Year: 2024
  • TaxLot: 49-11-13-123-069.000-101
School Information
  • School District: Indianapolis Public Schools
Parking
  • Garage YN: No
Property
Lot Information
  • Acreage: <1/4 Acre
  • Lot Size Square Feet: 3485.0
  • Lot Size Acres: 0.08
  • Main Level SqFt: 1299
  • New Construction: False
  • Living SqFt: 0.0
  • Sqft Total: 1299.0
  • Sq Ft Total: 1621.0
  • Year Built Numeric: 1920
  • Below Grade Finished Area: 0.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: South Park Sec 2 L125
  • Photos Count: 21
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
Utilities
  • Solid Waste: No
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Horse Amenities: None
Interior Features
  • Accessibility Features: No
  • Appliances: Electric Cooktop, Dryer, Disposal, Electric Oven, Refrigerator, Washer, Water Heater
  • Basement YN: Yes
  • Cooling: Central Air
  • Eating Area: Dining Combo/Kitchen
  • Heating: Natural Gas
  • Interior Features: Attic Access
  • Levels: One
  • Room List: Living Room, Dining Room, Kitchen, Laundry, Primary Bedroom, Bedroom 2
  • Room and Features: Living Room-Main, Dining Room-Main, Kitchen-Main, Laundry-Main-Tile-Ceramic, Primary Bedroom-Main, Bedroom 2-Main
  • Main Level Bedrooms: 2
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 7
  • Rooms Total MU: 7
  • Total Rooms: 7
Room 1
  • Room Level: Main
  • Room Dimensions: 11x11
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Dimensions: 12x12
  • Room Type: Dining Room
Room 3
  • Room Level: Main
  • Room Dimensions: 12x12
  • Room Type: Kitchen
Room 4
  • Room Level: Main
  • Room Dimensions: 8x8
  • Room Features: Tile-Ceramic
  • Room Type: Laundry
Room 5
  • Room Level: Main
  • Room Dimensions: 11x11
  • Room Type: Primary Bedroom
Room 6
  • Room Level: Main
  • Room Dimensions: 11x11
  • Room Type: Bedroom 2
Bathrooms
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Count: 1
  • Full Baths Basement: 0
  • Full Baths Main: 1
  • Full Baths MU: 1
  • Full Baths Upper: 0
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 2
  • Bedrooms MU: 2
  • Bedrooms Total: 2

Property History for 727 Terrace Avenue

DateEvent & SourcePriceAppreciation
Jun 23, 2026

Listed (Active)

MIBORMLS #22109751

$219,900—
Oct 11, 2024

Sold (Public Record)

Public Record #1548209205

$160,000—
DateEvent & SourcePrice
06/23/2026

Listed (Active)

MIBORMLS #22109751

$219,900
10/11/2024

Sold (Public Record)

Public Record #1548209205

$160,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 727 Terrace Avenue

Taxable ValueLand$34,000Additions$104,900Total$138,900
Tax Record2024$1,556 ($130 / month)
Home Facts
Beds3Total Finished SqFt1,299 SqFtAbove Grade Finished SqFt1,299 SqFtStories1Lot Size3,485 SqFtStyleSingle Family ResidenceYear Built1901Year Renovated1956CountyMARIONAPN49-11-13-123-069.000-101

Schools near 727 Terrace Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Eleanor Skillen Elementary School 34
PublicPK to 5

Frederick Douglass School 19
PublicPK to 5

William McKinley School 39
PublicPK to 5

James A. Garfield School 31
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

727 Terrace Avenue is a single family home for sale in Indianapolis, IN 46203. This property was listed for sale on June 23, 2026 by Empire Real Estate LLC, it's currently listed at $219,900. It has been on the market for a total of 12 days and was last sold on October 11, 2024. This listing's school district is Indianapolis Public Schools. Nearby schools include Eleanor Skillen Elementary School 34, Frederick Douglass School 19 and William McKinley School 39. 727 Terrace Avenue is a 2-bed, 1-bath, 1,621 sqft single family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Empire Real Estate LLC

Based on information submitted to the MLS GRID as of 06/24/2026 06:18 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.