Bedrooms
2
Baths
1
Sq. Feet
780
Year Built
1947
Days on Market
299
$/SqFt
$244
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Home Description: 4841 E Terrace Ave
MOTIVATED SELLER!Unique opportunity to own 3 contiguous lots for either an owner occupant or investor for income production. The 3 lots have a storage building, 2 bedroom/1 bath residential unit/Apartment and a large 2 bay mechanics garage (NOT ZONED COMMERCIAL). The mechanics garage is heated and cooled. There is a bathroom, office and large entry area. Both garage bays have oversized garage doors for servicing larger vehicles. While zoned residentially, the owner successfully worked out of this space for nearly 50 years servicing vehicles. The residential unit has a working kitchen and laundry, large bedroom with door to outside courtyard. There is a large patio connecting the residential unit to the storage building. Storage building currently being leased. Own and occupy all 3 buildings or own and lease all three. The potential for this unique property is vast.
Approximate Room Sizes / Descriptions
Neighborhood
The average asking price of a 2 bedroom Indianapolis home in this zip code is $210,570 (10.8% more than this home).
This home is priced at $244/sqft, which is 30.5% less than similar homes in the 46203 zip code.
Map Map | Street Street | Birds Eye Birds Eye
4841 E Terrace Ave Indianapolis IN 46203
Similar to: 4841 E Terrace Ave
For Sale Near: 4841 E Terrace Ave
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Financial
Area Stats
These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (317) 339-3315 and speak with one of our real estate consultants.
Listing Courtesy of Sherry Minkis.
4841 E Terrace Ave, Indianapolis IN is a single family home of 780 sqft and is currently priced at $190,000 . This single family home has 2 bedrooms. A comparable home for sale at 815 Lincoln St in Indianapolis is listed at $255,000. This home on 4841 E Terrace Ave has decreased in price by $60,000 and the last change was on 9/20/2024. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Indianapolis, IN. Southern Heights, Beth and Brokenburr Trails are nearby neighborhoods. MLS 21958088 has been posted on this site since 12/30/2023 (today).
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