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USAINIndianapolisNo Subdivision304 W Hanna Avenue
Listing image | Image 1

304 W Hanna Avenue, Indianapolis, IN

House

For Sale

Listed price in listed location currency (USD).
$257,000

330

MLS® 22102821

Overview

Key Facts

Type Single Family Residence
Levels Residential
Size 1616 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1910
Avg. Price Per Sqft $159
MLS® Number 22102821

Property Address: 304 W Hanna Avenue, Indianapolis, IN, 46217

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number22102821
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1910
BasementUnfinished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 22, 2026List Date
$257,000List Price

Home Estimate Zoopraisal®

This property is estimated to sell between: $248,000 and $262,000.
Similar properties in this area sold on average for: $248,291
Expected to sell in 130 days. Similar properties sold in 130 days. This home has been on Zoocasa for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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