304 W Hanna AVE, Indianapolis, IN 46217
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304 W Hanna AVE, Indianapolis, IN 46217
304 W Hanna AVE, Indianapolis, IN 46217
304 W Hanna AVE, Indianapolis, IN 46217
304 W Hanna AVE, Indianapolis, IN 46217
Jeff Landers
Jeff Landers

Real Estate Advisor License ID: RB14050540

+1(317) 750-9767

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Listed by Josh Monteith • Ever Real Estate, LLC

$ 200,000

$ 220,000 9.1%

Est. payment /mo
Sold on 07/24/2026

304 W Hanna AVE Indianapolis, IN 46217

3 Beds

3 Baths

2,288 SqFt

UPDATED:

Key Details

Sold Price $200,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 2,288 sqft

Price per Sqft $87

Subdivision No Subdivision

MLS Listing ID 22102821

Sold Date 07/24/26

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1910

Tax Year 2025

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Single Family Residence

Property Description

Exceptional Value-Add Opportunity. Rarely does a canvas this expansive hit the market at this price point. Situated on a sprawling 2-acre lot in Indianapolis, 304 W Hanna Ave is the kind of acquisition that separates seasoned investors from the rest - a full-renovation opportunity with multiple income streams already baked into the bones of the property. The main residence offers 3 bedrooms and 1 full bathroom, with a full unfinished basement, providing the square footage and layout flexibility to reposition as a premium rental, a high-margin flip, or a long-term hold. The converted garage has already been transformed into a self-contained apartment living area, setting the stage for immediate rental income potential once renovations are complete - a built-in ADU play that most properties simply can't offer. Beyond the main structures, three separate storage buildings round out this remarkable footprint, offering additional storage rental income, workshop space, or conversion opportunities - each one an asset waiting to be unlocked. Location is where this deal truly shines. Positioned with quick access to I-465 and I-65. Minutes from Garfield Park, the University of Indianapolis, Southside dining, and established retail corridors, tenant demand in this pocket remains strong and consistent. Whether you're a buy-and-hold investor targeting cash flow, a contractor looking for your next high-upside project, or a developer eyeing the land play, the numbers and the story both work here. Properties with this combination of acreage, income versatility, and location access simply don't stay available. Bring your vision. The opportunity is ready.

Location

State IN

County Marion

Rooms

Basement Unfinished

Main Level Bedrooms 1

Interior

Interior Features Hardwood Floors

Heating Baseboard, Forced Air

Cooling Central Air

Equipment Sump Pump

Fireplace N

Appliance Dryer, Gas Water Heater, Gas Oven, Range Hood, Washer

Exterior

Exterior Feature Barn Mini, Storage

Water Access Desc Public

Building

Story Two

Foundation Block

Water Public

Architectural Style Traditional

Structure Type Vinyl Siding

New Construction false

Schools

School District Perry Township Schools

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

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Jeff Landers

Jeff Landers

Real Estate Advisor License ID: RB14050540

+1(317) 750-9767

Get more information!

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Jeff Landers, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

I simply cannot recommend Jeff enough to anyone considering buying or selling a home. My experience with him selling my first house has confirmed in my mind that he is absolutely the best in the business. Not only is Jeff outstandingly professional, knowledgeable and experienced but he constantly and consistently went above and beyond for me during this process. His willingness to listen to me when I was panicking and calm me down and go to bat for me in difficult situations is something I am incredibly grateful for. I trust Jeff implicitly and was never steered wrong throughout the entire process. 5 stars is not enough to express my gratitude and stellar experience with Jeff.

RebeccaRoy0

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304 W Hanna AVE