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Priced to sell! Welcome to 1531 N Downey Ave, a solid all-brick home offering an exceptional opportunity to build equity in one of Indianapolis' growing east-side neighborhoods. Conveniently located just minutes from Community Hospital East, Irvington, shopping, dining, and commuter routes, this home is ideal for buyers looking for space, value, and long-term potential. This 4-bedroom, 2-bathroom home also features an additional bedroom in the basement, providing flexibility for a growing family, home office, guest suite, or rental opportunity. The main level offers a spacious living room with a wood-burning fireplace, while the kitchen is equipped with granite countertops, stainless steel appliances, a wine cooler, and an included washer and dryer. Downstairs, the partially finished basement adds substantial square footage and includes a full bathroom, offering incredible potential to expand the finished living space and further increase the home's value. Whether you're an owner-occupant looking to personalize your next home or an investor seeking a value-add opportunity, this property offers multiple paths to success. With great bones, a desirable brick exterior, and room to add your own finishing touches, 1531 N Downey Ave is your chance to walk into significant equity at an attractive price. Don't miss this opportunity to unlock this home's full potential.
Property Type(s):
Single Family
| Last Updated | 8/6/2026 | Tract | Justus Downey |
|---|---|---|---|
| Year Built | 1955 | Community | 4905 - Marion - Warren |
| Garage Spaces | 2.0 | County | Marion |
SCHOOLS
| Elementary School | Brookview Elementary School |
|---|---|
| High School | Warren Central High School |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Oven, Gas Water Heater, Microwave, Refrigerator |
| AREA | 4905 - Marion - Warren |
| BASEMENT | Partially Finished, Yes |
| CONSTRUCTION | Brick, Stone |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| INTERIOR | Built-in Features |
| LOT | 6970 sq ft |
| PARKING | Detached |
| STORIES | 1 |
| STYLE | Traditional |
| SUBDIVISION | Justus Downey |
| WATER | Public |
Location
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© 2026 Metropolitan Indianapolis Board of REALTORS®
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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