Indianapolis Homes under $400,000

Indianapolis Homes under $400,000

Our website features the best real estate search for homes, condos, land and foreclosure properties available in Indianapolis and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!

Newest Indianapolis Homes under $400,000

10480 Watkins Drive, Indianapolis
$354,900
3 Beds ⋅ 3 Baths
ASSUMABLE MORTGAGE 4.75%. This semi-custom home was meticulously constructed to compete with all the up and coming production homes while retaining the features buyers were reluctant to give up at the time. This house is on a crawl space which gives options for changing plumbing and wiring etc. The entry keeps the informal living space separate from the den/living room and dining room areas and has real hardwood floors. The doors are all solid wood and the baseboards and trim are all real wood. You won't hear your neighbors noise from inside this home! The crown jewel is a recently finished bonus room that is 700 square feet! You could put another bedroom in it and still have plenty of room for all kinds of relaxed family fun. The home has roomy bedrooms all with walk in closets and a primary bedroom with a full shower, a garden tub and a walkin closet with classy built-ins. The kitchen has real wood cabinets and newer stainless appliances and a gas range and a built in table and benches. The home is a total of over 3100 square feet so yes you might want to do some updating but at this price its well worth doing....especially if you assume this low interest rate mortgage! Large 2 car finished garage, fenced yard, cozy deck and a side load garage complete the package. Roof less than a year old. Water heater , Furnace, electric fireplace, refinished deck, kitchen sliding doors, carpet have all been replaced in less than the last 2 years. Paint colors are shades of gray and blue. Carpet is light gray.

10480 Watkins Drive, Indianapolis

Listing courtesy of Carpenter, REALTORS®.

4267 Indian Pipe Trace, Indianapolis
$149,500
4 Beds ⋅ 3 Baths
Park like setting in The Timbers with the wooded lot right out your living room. This rare 4 bedroom 3 full bath home with a basement offers a ready-to-move-in condition across its three stories, promising a seamless transition to your new lifestyle. All recently updated The kitchen is equipped with stainless steel appliances, providing a functional space for culinary pursuits. Solid surface new counter tops waiting to be used. The serving window opens to the dining area, large enough for family dinners. The dining area opens into the living room which serves as a central gathering point, featuring a fireplace that adds warmth and ambiance, complemented by high and vaulted ceilings that enhance the sense of openness. A bedroom on the main floor is a special feature. On the second floor the main bath offers a walk-in shower, designed for convenience and ease of use. Totally updated. The primary bedroom offers a walk in closet and a tub-shower combination. The basement has bedroom 4 with extra space for an office overlooking the wooded area behind the home. The basement has an open area for a second living area, man cave or play room. A separate area offers storage and utilities. A special part of this condo is the attic storage area that is large enough to stand up as you walk in. Accessible from a bedroom on the second floor. This condominium provides ample personal space. Outside, a private yard and patio offer opportunities for relaxation and outdoor enjoyment. Washer and dryer hook up are in the garage and are include with the home. This property presents a compelling opportunity for those seeking a well-appointed and comfortable living environment.

4267 Indian Pipe Trace, Indianapolis

Listing courtesy of A.S.A.P. Real Estate.

Start Your Search

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative