316 S College AVE Indianapolis, IN 46202 Open Sun 1PM-3PM

UPDATED: 07/24/2026 01:27 PM ON MARKET: New on market today

$550,000

3 Beds2 Baths3,086 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,086 sqft

Price per Sqft $178

Subdivision Fletcher Place

MLS Listing ID 22116049

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1872

Tax Year 2025

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Single Family Residence

Location

State IN

County Marion

Rooms

Basement Unfinished

Kitchen Kitchen Some Updates

Interior

Interior Features Ceiling Vaulted,Hardwood Floors,Kitchen Island,Pantry

Heating Zoned,Forced Air,Natural Gas

Cooling Central Air

Fireplaces Number 1

Fireplaces Type Family Room,Living Room

Equipment None

Fireplace Y

Appliance Gas Cooktop,Dishwasher,Oven,Refrigerator,Gas Water Heater

Exterior

Exterior Feature Fire Pit,Storage Shed

Garage Spaces 2.0

Water Access Desc Public

Building

Story Two

Foundation Block,Brick/Mortar

Water Public

Architectural Style Italianate

Structure Type Brick,Wood Siding

New Construction false

Schools

School District Indianapolis Public Schools

Property Description

A rare opportunity to own one of Downtown Indianapolis' earliest all-brick Italianate homes. Built in 1872 and located in the heart of the Fletcher Place Historic District, this remarkable residence has stood the test of time for more than 150 years. Originally built for successful southside businessman Henry Laut, who called it home until his passing in 1925, the property has been lovingly cared for by its current owners for the past 15 years. Rich with original character, this home is ready for its next chapter. Whether you choose to thoughtfully update and personalize it or simply appreciate its timeless charm as it is, the possibilities are endless-and the pricing reflects the opportunity. The spacious main level offers an inviting blend of historic details and everyday functionality, featuring the original front parlor (currently used as a family room), a generous living room, an elegant dining room, a well-appointed kitchen with a center island, and a full bath. Upstairs, you'll find three spacious bedrooms and a second full bath. Situated on an extraordinary lot stretching nearly 200 feet deep, the outdoor space is a true urban retreat. Enjoy evenings around the firepit, tinker in the storage shed, or take advantage of the oversized 1.5-car detached garage with an attached covered carport. The true bonus is the highly sought-after, income-producing carriage house apartment above the garage. This open-concept, studio-style space includes a full kitchen and full bath, making it ideal for guests, rental income, or a private home office or creative studio. Topping it all off is the spectacular private rooftop deck, where you can unwind while taking in sweeping views of the Downtown skyline. All of this is just steps from Fletcher Place's acclaimed restaurants, parks, coffee shops, entertainment, and cultural attractions, offering an exceptional opportunity to own a piece of Indianapolis history while enjoying one of the city's most vibrant neighborhoods

Digital Millennium Copyright Act – DMCA Notice Based on information submitted to the MLS GRID as of 07/24/2026. 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.