Skip to content

545 E 38th StreetIndianapolis, IN 46205

Marion Highlands · Marion County

$220,000List price
1920Year built
0.06Acre lot
2 weeks agoOn market

Description

A property with a colorful past and plenty of potential for its next chapter! Once home to medical offices, a flower shop, a hair salon, and a pharmacy, this unique Indianapolis property is currently configured as a duplex and zoned D-8. The main-level apartment is virtually move-in ready, and features one bedroom with an en suite full bathroom, a separate office, living room, kitchen, and laundry room/half-bath combination. Improvements include new living room flooring, ceiling, bulkheads, and recessed LED lighting, newly constructed walls to enclose the primary bathroom and separate the office from the bedroom, an added office closet, a kitchen, and a half bath. Upstairs, the studio-style apartment offers a combined living and sleeping area, a full bathroom, a remodeled kitchen, and fresh paint throughout. The furnace got a new circuit board in 2026, and the gas water heater is new. Both units have rear entrances, with an additional front entrance serving the main level. A paved parking lot occupies the rear portion of the property, providing convenient off-street parking. While there's still work to be done, the improvements already completed offer a head start for the next owner. Bring your imagination, your toolbox, and your vision for the possibilities!

Property Information

Property type
Residential Income
Sub-type
Duplex
Year built
1920
Lot size
0.06 acres
Days on market
17
MLS® Listing#
22130802

Property Features

Cooling
Central Air
Heating
Natural Gas
Basement
Partial · Unfinished
Parcel number
490624119062000101

Directions

GPS Friendly

Listing Courtesy: Carpenter, REALTORS® - lallen@callcarpenter.com

Listings courtesy of MIBOR as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This 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 Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. 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.

Last Updated: 2026-10-14T00:00:00.000Z

Data Terms of Use
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Commute Calculator

Explore commute times from 545 E 38th Street, Indianapolis, IN 46205.

Travel mode

Connect with a Local Real Estate Expert

  • Dan Nolan

    Broker of Record

    EXIT Strategy Realty

  • Eve Benton

    Designated Managing Broker

    EXIT Strategy Realty

  • Moe Doleh

    Associate Broker

    EXIT Strategy Realty