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A property with a colorful past and plenty of potential for its next chapter! Once home to medical offices, a flower shop, a hair salon, and a pharmacy, this unique Indianapolis property is currently configured as a duplex and zoned D-8. The main-level apartment is virtually move-in ready, and features one bedroom with an en suite full bathroom, a separate office, living room, kitchen, and laundry room/half-bath combination. Improvements include new living room flooring, ceiling, bulkheads, and recessed LED lighting, newly constructed walls to enclose the primary bathroom and separate the office from the bedroom, an added office closet, a kitchen, and a half bath. Upstairs, the studio-style apartment offers a combined living and sleeping area, a full bathroom, a remodeled kitchen, and fresh paint throughout. The furnace got a new circuit board in 2026, and the gas water heater is new. Both units have rear entrances, with an additional front entrance serving the main level. A paved parking lot occupies the rear portion of the property, providing convenient off-street parking. While there's still work to be done, the improvements already completed offer a head start for the next owner. Bring your imagination, your toolbox, and your vision for the possibilities!

Property Details of 545 E 38th Street

Property Details

Interior Features

Utilities and Appliances

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Listed by Lisanne Allen of Carpenter,REALTORS® (lallen@callcarpenter.com)

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 Based on information submitted to MIBOR as of October 16, 2026 12:06 PM EDT . All data is obtained from various sources and has not been, and will not be, verified by broker or MIBOR.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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