Indianapolis Homes with Unfinished Basement

Indianapolis Homes with Unfinished Basement

Welcome to Indianapolis, the vibrant heart of Indiana and a city that beautifully blends rich history with modern living. Nestled in Marion County, Indianapolis is renowned for its dynamic culture, diverse neighborhoods, and a wealth of recreational opportunities. Whether you're an avid sports fan, a lover of the arts, or someone who enjoys the great outdoors, Indianapolis has something for everyone.

One of the appealing features of homes in this bustling city is the availability of properties with unfinished basements. These versatile spaces offer homeowners a blank canvas to create their dream areas. Imagine transforming that unfinished basement into a cozy family room, a home gym, or even a stylish guest suite. The possibilities are endless!

Indianapolis boasts a variety of neighborhoods, each with its own unique character. From the historic charm of Irvington to the trendy vibe of Fountain Square, you’ll find homes that cater to every lifestyle. The city's affordable housing market means that homes with unfinished basements are not only plentiful but also provide an excellent opportunity for investment and customization.

Additionally, Indianapolis is home to a robust economy, excellent schools, and a strong sense of community, making it an ideal place for families and professionals alike. With its friendly atmosphere and a plethora of amenities, it's no wonder that so many are choosing to call Indianapolis home.

Explore the potential of Indianapolis real estate today, and discover how a home with an unfinished basement can be the perfect foundation for your future!

Newest Indianapolis Homes with Unfinished Basement

$655,000
FLETCHER PLACE VICTORIAN DUPLEX :: This iconic property sits on nearly a quarter-acre corner lot in the heart of the city, blending modern updates with timeless Victorian charm. Step into the first-floor unit and be welcomed by original hardwood floors, classic glazed tile fireplaces, and 10-foot ceilings that exude historic character. This unit offers 2 bedrooms, 2 full baths, and a renovated kitchen, making it ideal for owner-occupancy with the potential to rent out the larger upper unit to offset your mortgage. An original stairwell leads you to the second-floor unit, where modern flair meets historic details. Enjoy city views from the second-story balcony, or retreat to one of the four spacious bedrooms, including a primary suite with a fully updated ensuite bath and walk-in closet. The kitchen has been fully renovated with newer appliances, cabinetry, and countertops, creating a stylish and functional space. Head up to the third floor, where a versatile flex space offers endless possibilities-extra sleeping quarters, a playroom, home office, or a creative studio. Recent updates include: a mini-split system on the third floor for optimal climate control, two HVAC systems, fresh interior paint, updated garage and garage door, new flooring, and modernized kitchens and baths. Currently operating as a functioning Airbnb, this property offers both lifestyle and income potential-P&L statements are available upon request. All of this is just minutes from some of the best dining, entertainment, and cultural spots in the city!

880 Fletcher Avenue, Indianapolis

Listing courtesy of @properties.

$229,900
2 Beds ⋅ 1 Baths
Charming Full-Brick Home in desirable Irvington - Convenient Location near Community Hospital medical community. Features include: * Full-brick exterior with timeless character * Beautiful hardwood floors * Elegant arched doorways * Fully fenced yard * Tiled bathroom.* Built in corner hutches. *Masonry Fireplace. Classic charm with plenty of potential to make it your own in the basement that currently offers a laundry room and exercise room and additional storage. New dishwasher Aug'26, water heater '26, Roof '21, driveway resurfaced '18, windows '14, sewer line '13 Enjoy the character of an established Irvington neighborhood while being close to medical facilities, shopping, dining, and everyday conveniences.

1210 N Downey Avenue, Indianapolis

Listing courtesy of Berkshire Hathaway Home.

$185,000
Excellent investment opportunity with this spacious two-story duplex featuring two separate units, each offering 3 bedrooms and 1 full bathroom. Both units boast generous living spaces, 9-foot ceilings, oversized bedrooms, and charming built-in shelving in the dining rooms, adding character and functionality throughout. One unit includes convenient in-unit laundry, while both sides offer plenty of room for comfortable everyday living. The property is fully fenced and features a covered front porch, along with one detached two-car garage at the rear of the property, providing one garage space for each unit. Whether you're looking to expand your investment portfolio, live in one unit while renting the other, or create a strong income-producing property, this duplex offers great versatility and potential.

3025 E Michigan Street, Indianapolis

Listing courtesy of Keller Williams Indy Metro Partners.

$169,900
2 Beds ⋅ 1 Baths
Welcome to this charming 2-bedroom bungalow in the heart of the desirable Garfield Park neighborhood! Inside you'll discover a bright, inviting living space with classic painted woodwork and large vinyl windows that fill the home with natural light. The spacious living room flows seamlessly into a formal dining area, perfect for hosting guests or enjoying quiet evenings at home. The kitchen offers ample cabinet space and convenient access to the backyard, making outdoor dining and summer barbecues a breeze. Both bedrooms are generously sized, providing comfort and flexibility that is ideal for a guest room, home office, or creative studio. You'll love the recently remodeled bathroom, featuring a custom backsplash and a stunning, large tiled shower specifically designed for both style and relaxation. The unfinished basement provides abundant storage space and a dedicated laundry area, keeping your living spaces organized and clutter-free. Enjoy the rare convenience of a detached one-car garage with a long driveway, offering plenty of off-street parking. The lot provides space for gardening, recreation, or simply relaxing outdoors. Located just minutes from beautiful Garfield Park, local coffee shops, and vibrant community amenities, this home blends timeless character with modern comfort. Experience the welcoming atmosphere and easy access to downtown Indianapolis that make this neighborhood so appealing. Don't miss your chance to own this delightful bungalow! Schedule your tour today.

2462 S Delaware Street, Indianapolis

Listing courtesy of Epique Inc.

$189,900
2 Beds ⋅ 1 Baths
.75 ACRES + NO HOA! Don't miss this affordable opportunity in Perry Township offering a desirable combination of space, character, detached 2 car garage and plenty of room to make it your own! The circular driveway leads you to the welcoming covered front porch of this charming 1921 brick home. Located in Perry Township, this 2 bedroom 1 bath home offers timeless character, wood floors in the bedrooms plus a cozy wood burning fireplace in the spacious living room for cold winter nights. Endless possibilities in the spacious basement featuring laundry hookup, abundant storage for your hobbies with plenty of room to spread out. Step outside to enjoy beautiful established blooms, a garden area for fresh veggies, fenced backyard with playset, firepit, storage shed, and detached 2-car garage. The Roof and A/C were replaced approximately 7 years ago, and the circulator pump for the boiler was replaced 5 years ago. Conveniently located near interstate access, schools, shopping, restaurants, and everyday amenities. An affordable opportunity with nearly an acre, NO HOA, garage space, and room to enjoy inside and out!

3712 Brill Road, Indianapolis

Listing courtesy of CENTURY 21 Scheetz.

$299,000
4 Beds ⋅ 4 Baths
Completely-Renovated 1924 gem with 2,700+ sq ft, 4 bed, 4 bath situated in the Springdale neighborhood less than 2 miles from Downtown Indy, the Bottleworks District, Mass Ave & the interstates to the west, and Historic Irvington to the East. Amazing investment! Friendly neighbors/neighborhood & in an area (Springdale, aka The East 10th Art District) that continues to be vitalized each year. You'll fall in love with the gorgeous hardwoods, soft close cherry cabinets in the kitchen, elegant granite countertops, newer SS appliances, double oven gas range & custom, extended kitchen island. Backyard is fully fenced with fire pit, storage, a HUGE cedar porch, & dual-swinging gates to the back alley. Whether it's inside or out, this is a perfect home to enjoy personally but also to HOST! The open floor plan and tasteful backyard/deck leaves you with the ability to comfortably entertain dozens of guests if desired. Retreat upstairs to enjoy the four large bedrooms with the primary en suite as the crown jewel with a custom bathroom you'd have to see to believe. Many homes over 100 years old have wavy floors & problems galore. Not this beaut! This home is solid and has been meticulously-maintained. You'll fall in love quickly. Priced to Sell. Come quickly!

422 N Dearborn Street, Indianapolis

Listing courtesy of Berkshire Hathaway Home.

$215,000
Discover an exceptional investment opportunity at 3711 Boulevard Pl, ideally situated just minutes from Newfields, The Children's Museum of Indianapolis, and major transit routes for effortless commuting across the city. This turnkey property underwent a comprehensive renovation in 2025 - a new roof, AC units, updated kitchens, and all new bathrooms. The building currently generates an impressive $2,300 per month, backed by two reliable tenants already in place. At current pricing this well exceeds the 1% rule. Both tenants are fully aware of the sale and can easily vacate at closing with sufficient notice, providing ultimate flexibility whether you are looking to expand your portfolio with an immediate income-producing asset or transition the space for your own use. Tenants pay their own gas and electric, landlord pays for water as it is on a single meter. Do not miss out on this high-performing, beautifully updated property in a thriving location. Schedule your showing today!

3711 Boulevard Place, Indianapolis

Listing courtesy of FULL CANOPY REAL ESTATE, LLC.

$229,900
2 Beds ⋅ 1 Baths
Welcome to 4839 Rosslyn, a beautifully renovated 2 bedroom, 1 bath home in the heart of SoBro that combines modern updates with one of Indianapolis' most sought-after locations. Bright and airy throughout, featuring stylish finishes and move-in-ready convenience. Spacious updated kitchen offers abundant cabinetry, new flooring, new stainless steel appliances, quartz countertops and gorgeous backsplash. Open air concept combining the kitchen and dining area into on large entertaing space. All new kitchen, bathroom, flooring throughout, appliances, privacy fencea huge front deck. All major mechanicals new in past few years-roof, vinyl siding, vinyl windows, HVAC and garage. Huge backyard with new 6 foot privacy fence surrounding the entire yard. This home is perfect for anyone looking to enjoy the vibrant Broad Ripple lifestyle. Situated on a quiet, well maintained street, home offers unbeatable walkability from the Monon Trail, Broad Ripple Village, and an endless selection of local favorites including restaurants, coffee shops, breweries, and boutique shopping, you'll never run out of things to do. Spend weekends exploring nearby parks, catching live music, or enjoying easy access to downtown Indianapolis and the Indianapolis Art Center. If you are looking for your next home, 4839 Rosslyn offers the perfect blend of updated living and unbeatable location in one of Indianapolis' most desirable neighborhoods. Schedule your showing today and discover everything Broad Ripple has to offer!

4839 Rosslyn Avenue, Indianapolis

Listing courtesy of PMI Midwest.

$69,000
2 Beds ⋅ 1 Baths
Calling all beginning investors! Here's your opportunity to start building your real estate investment portfolio with this 2-bedroom, 1-bath home just minutes from downtown Indianapolis. With strong bones and plenty of potential, this property is ready for easy renovations and your personal vision. Whether you're looking for your first rental property or your next fix-and-flip, this home offers an affordable entry point into real estate investing. A small investment today could lead to big rewards tomorrow! Don't miss your chance to get started! Property being sold as-is.

962 Burdsal Parkway, Indianapolis

Listing courtesy of Dix Realty Group.

$360,000
4 Beds ⋅ 3 Baths
Step into the charm of the 19th century with all the modern comforts of today! Nestled on a beautiful 1.5-acre lot with mature trees, this thoughtfully renovated farmhouse offers a perfect blend of historic character, modern updates, and versatile living spaces. The main level features an impressive chef's kitchen complete with abundant cabinetry, granite countertops, stainless steel appliances, and a spacious 9x6 walk-in pantry. Original character shines throughout with exposed brick and gorgeous wood beams, creating a warm and inviting atmosphere. The spacious primary suite offers vaulted ceilings, a private ensuite bathroom, and a stunning built-in, dual-level, floor-to-ceiling wardrobe. The expansive primary bath offers exceptional space and comfort, featuring a jetted garden tub, walk-in shower, and conveniently located laundry. An approximately 1,000-square-foot in-law suite provides incredible flexibility with its own bedroom, bathroom, kitchen, living area, and bonus space. Perfect for extended family, guests, a private office or living arrangement-or potentially as an income-producing opportunity. This unique property beautifully blends historic farmhouse charm with modern conveniences, generous living spaces, and incredible versatility-all set on a picturesque acreage lot.

5312 E Southern Avenue, Indianapolis

Listing courtesy of F.C. Tucker Company.

$249,900
3 Beds ⋅ 2 Baths
Fresh updates, convenient location, and a whole lot to love. Tidy and fully renovated, this three bedroom bungalow sits in a sweet spot between Broad Ripple and Downtown Indy. The bright, open layout makes everyday living easy, while the updated kitchen brings the good stuff: new cabinets, stainless appliances, and quartz countertops. The primary bedroom has a private, en suite bath and a generous closet, with the two additional bedrooms sharing a bathroom. The big ticket updates are also already complete - electrical, plumbing, HVAC, windows, and a newly waterproofed basement. Out back, there is a two car off-street parking pad. With easy access to Fall Creek Parkway, the Monon Trail, the Fall Creek Trail, and Indiana State Fairgrounds, this truly is a turnkey home in a terrific location!

4259 Crittenden, Indianapolis

Listing courtesy of Compass Indiana, LLC.

$699,000
5 Beds ⋅ 4 Baths
Welcome to 2429 Carrollton Ave, a stunningly renovated 5BR/3.5BA home where sophisticated design, high-end finishes & exceptional indoor-outdoor living come together beautifully. The open-concept main level features white oak flooring, tall ceilings, a versatile sitting room perfect for an office or library & a beautifully designed kitchen with quartz countertops, large center island, dedicated coffee bar & elevated finishes. A rare main-level primary suite offers privacy & convenience with a beautifully tiled ensuite. The thoughtfully designed mudroom/laundry area includes washer & dryer and provides easy backyard access. Upstairs are 4 spacious bedrooms, including a second primary suite with walk-in closet & elegant ensuite featuring a large walk-in tiled shower. Heated bathroom floors and benches add another touch of luxury. Outside, enjoy your own private backyard oasis with a heated saltwater pool, covered hot tub, surround-sound system, stained stamped-concrete patio, garden area & multiple spaces for lounging, dining & entertaining. Extensive renovations continue outside with Hardie plank siding, new roof & gutters, plus a 2-car garage. Located just minutes from Downtown Indianapolis, Mass Ave, Bottleworks, the Monon Trail & some of the city's most vibrant neighborhoods. The adjacent lot directly south is also available for separate purchase, providing a unique opportunity for additional outdoor space or future possibilities. With 5 bedrooms, 2 primary suites, luxury finishes, resort-style outdoor living & an opportunity to purchase the neighboring lot, this home offers a combination that's difficult to find this close to the heart of Indianapolis.

2429 Carrollton Avenue, Indianapolis

Listing courtesy of F.C. Tucker Company.

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