304 W Hanna AVE, Indianapolis, IN 46217
304 W Hanna AVE, Indianapolis, IN 46217
304 W Hanna AVE, Indianapolis, IN 46217
11
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Listed by Josh Monteith • Ever Real Estate, LLC
$257,000
Est. payment /mo
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3 Beds
3 Baths
2,288 SqFt
New

304 W Hanna AVE Indianapolis, IN 46217

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Chris Schulhof

Chris Schulhof

+1(317) 506-7368

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,288 sqft

Price per Sqft $112

Subdivision No Subdivision

MLS Listing ID 22102821

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

Investor Special - 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

Building

Story Two

Foundation Block

Water Public

Architectural Style Traditional

Structure Type Vinyl Siding

New Construction false

Schools

School District Perry Township Schools

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Chris Schulhof

Chris Schulhof

Broker | License ID: RB14031306

+1(317) 506-7368

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304 W Hanna AVE