$5,105 Closing Credit¹
#22041816, Stephan Kline, Listing office: Kline Properties, Inc.
$445,000 List price
1603 E Market St Indianapolis, IN 46201
$5,284
Closing credit¹
5 beds
3 full, 1 partial
2,700 sqft
0.1 acres
$165 / sqft
House
Property details
About 1603 E Market St
Modern Living Meets Urban Charm in Arsenal Heights! Welcome to your dream home in one of Indy's hottest up-and-coming neighborhoods-Arsenal Heights on the vibrant Near-Eastside of Downtown Indy! Built in 2020, this modern gem offers the best of both worlds-contemporary design and a neighborhood rich in history and character. Step inside to find a smart, well-thought-out layout featuring a main floor primary suite (yes, no stairs needed!), main floor laundry (hello convenience!), and an open, airy living space perfect for entertaining or cozy nights in. But wait-there's more! Head upstairs and you'll find a second living area, ideal for a media room, playroom, or just a great flex space. The true showstopper? A private-access basement apartment-complete with its own exterior stairway entrance. Whether you're dreaming of passive income via Airbnb, need space for long-term guests, or want a home that adapts with your lifestyle, this versatile lower level delivers. Enjoy easy access to the bustling heart of Downtown Indy, nearby Bottleworks, Neidhammer Coffee, Futuro Pizza, Ash & Elm-plus the growing Arsenal Heights community, where charm, location, and opportunity intersect.Modern. Flexible. Income-producing. Walkable. This is the kind of property that doesn't come around often-and it's waiting for you to make your move.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size2,700 sqft
BasementYes
Lot size0.13 Acres
Year built2020
MLS #22031399
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave Hood, Electric Oven, Refrigerator, Water Softener
- Basement: Yes
- Interior: Walk-in Closet(s), Screens Complete, Supplemental Storage, Windows Vinyl, Bath Sinks Double Main, Eat-in Kitchen, In-Law Arrangement
- Total Bedroom Count: 5
- Architectural Style: TraditonalAmerican
- Heating: Forced Air, Natural Gas
- List Price: $445,000
- Price/SqFt: $164
- Annual Tax Amount: $5,145
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 2020
- Living Area: 2,700 SqFt
- Lot Size: 0.13 Acres
- MLS Number: 22031399
- MLS Name: MIBOR
- Office Name: CENTURY 21 Scheetz
- Office Email: dylan@c21scheetz.com
- Listing Agent: Dylan Hostetter
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
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Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/11/2025, 11:46:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$445,000
1603 E Market St
$5,284
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 07, 2021 | Home Sold | $355,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $429,400 | $5,145 |
| 2022 | $443,300 | $5,367 |
| 2021 | $377,100 | $716 |
| 2020 | $24,200 | $729 |
| 2019 | $24,200 | $752 |
| 2018 | $24,200 | $666 |
| 2017 | $24,200 | $632 |
History based on county public records data.
Nearby schools
6
William McKinley Elementary School 39
Public District PK-6
0.7 mi
•1733 Spann Ave
9
Paramount Cottage Home
Public Charter KG-4
0.7 mi
•1203 E Saint Clair St
4
Thomas D. Gregg Elementary School 15
Public District PK-6
0.7 mi
•2302 E Michigan St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,244. Most Indianapolis, IN residents have annual incomes less than $<35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
55%
<35k
34%
35k-100k
7%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
61%
Single, No Kids
13%
Single, with Kids
16%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
5%
12-17 yrs old
32%
18-34 yrs old
43%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Soccer
Pro Boxing
Continuing Education Courses
Where do the neighbors shop?
Forever 21
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Dominos Pizza
Popeyes
Qdoba
What do the neighbors drive?
Mazda
Dodge
Volkswagen
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1603 E Market St
The listing price of 1603 E Market St property is $445,000.
The property 1603 E Market St is a house located in Indianapolis, Indiana, 46201.
Active Listing: 1603 E Market St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1603 E Market St are: William McKinley Elementary School 39 (GreatSchools Rating 6/10), Paramount Cottage Home (GreatSchools Rating 9/10), Thomas D. Gregg Elementary School 15 (GreatSchools Rating 4/10), URBAN ACT Academy School 14 (GreatSchools Rating 2/10), Longfellow STEM Magnet Middle School (GreatSchools Rating 5/10), H. L. Harshman Magnet Middle School (GreatSchools Rating 3/10), Arsenal Technical High School (GreatSchools Rating 1/10), Purdue Polytechnic High School (GreatSchools Rating 2/10), Herron High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $5,145 (source: MLS/based on county public records data).
The last sale was on July 7, 2021 for $355,000 (source: MLS/tax record).
The property at 1603 E Market St has 5 bedrooms and 3 full and 1 half bathrooms.
The property 1603 E Market St is 2,700 SqFt (source: MLS/tax record).
The year of construction for 1603 E Market St is 2020.
This home is located at 1603 E Market St in Indianapolis, IN and zip code 46201 in the Near Eastside neighborhood. This 2,700 square foot home, which was built in 2020, sits on a 0.13 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 8, 2025 and is currently priced at $445,000.
In May 2025 more than 300 listings in Indianapolis, IN were sold above the asking price. During the same period more than 315 listings were sold at asking price, while more than 544 were sold below. The inventory of homes for sale in Indianapolis, IN between April and May 2025 increased by 3.7%. Listings spent 34 days on the market in May 2025, and had a median list price of $250,180 during the same period.
From Rocket Homes Real Estate and based on county public records data.