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304 W Hanna Avenue, 
Indianapolis, IN 46217

$257,000


3

Beds


3

Baths


1,616

Sq Ft


Single Family

Active

Listed by

Josh Monteith

Ever Real Estate, LLC.

317-513-2775

Last updated:

May 24, 2026, 03:39 AM

MLS#

22102821

Source:

IN MIBOR

About This Home

304 W Hanna Avenue

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.

Home Facts

Single Family

3 Baths

3 Bedrooms

Built in 1910

Price Summary

257,000

$159 per Sq. Ft.

MLS #:

22102821

Last Updated:

May 24, 2026, 03:39 AM

Added:

6 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

1,616 Sq. Ft.


Structure

Structure

Building Area:

2,288 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

87,120


Finances & Disclosures

Finances

Price:

$257,000

Price per Sq. Ft:

$159 per Sq. Ft.

Source:IN MIBOR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.