Investors, developers and visionaries, bring your blueprints and your tools, because this property is packed with upside and value-add potential! Small but mighty, this turn-of-the-century bungalow features 2 bedrooms, 1 full bathroom w/ laundry & an enclosed sunroom for incremental living space! She appears to be structurally sound & provides opportunity for cash flow as a rental or she would make a VERY affordable owner-occupied HOME. The real magic, however, lies in the future of the location for redevelopment to commercial or light industrial, as she is surrounded by vacant lots, adjacent to commercial & ready to be rezoned. For the time being, there is a storage shed, fenced yard and a detached garage w/ convenient alley access (the garage appears to need some structural reinforcement & is sold AS IS), a dry basement & modern mechanicals. The options here are wide open. Maybe you rehab the property to craft a charming, low-overhead rental OR wipe the slate clean and see what the future holds for this area of S Meridian St, located sooooo close to downtown Indy, with an entire block ready for redevelopment & an up & coming neighborhood behind it, enjoying a new life in renovation.
Listing courtesy of Carpenter, REALTORS®.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative
