• Primary Photo - 518 Terrace Ave
  • Building Photo - 518 Terrace Ave
    Building Photo - 518 Terrace Ave
  • Building Photo - 518 Terrace Ave
    Building Photo - 518 Terrace Ave
$2,295 / Month

518 Terrace Ave

,

Indianapolis, IN 46203

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518 Terrace Ave
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Beds Baths Average SF
3 Bedrooms 3 Bedrooms 3 Br 2.5 Baths 2.5 Baths 2.5 Ba 2,006 SF

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

  • One-Time Move-In Fees
  • Application Fee
    $35

About This Property

Renovated from top to bottom,this 3bed/2.5bath Bates Hendrick's home will not disappoint! Previously featured on HGTV's Good Bones,this home boasts an open concept main level with laminate hardwoods,a spacious kitchen w/ ss appliances,open shelving,walk-in pantry and a large island - perfect for gathering! The main level room is perfect for a WFH office or 3rd bedroom. Upstairs features the primary suite w/ large bathroom and walk in closet,a 2nd full bath,and 2nd bedroom with large closets. The fenced backyard has a large deck,perfect for relaxing or hosting. W&D included. Close to everything Downtown Indy has to offer! Based on information submitted to the MLS GRID as of [see last changed date above]. 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. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

518 Terrace Ave is a house located in Marion County and the 46203 ZIP Code. This area is served by the Indianapolis Public Schools attendance zone.

House Features

Washer/Dryer

Dishwasher

Refrigerator

Disposal

  • Washer/Dryer
  • Heating
  • Dishwasher
  • Disposal
  • Oven
  • Refrigerator
Location
518 Terrace Ave, Indianapolis,
IN 46203
Get Directions
| Edit
Edit Commute

Under 30 minutes

Commute Time is calculated at rush hour.
Neighborhood

The oldest house in Marion County is the Bates-Hendricks House. The Federal-style, brick home was built around 1820 by Richard Keene. In 1851, the home's new owner, Hervey Bates, decided to add on. His addition was built in the Italianate style, complete with a 60-foot tower, giving the home a unique and distinctive look. The home, listed on the National Register of Historic Places, is such a major landmark that the neighborhood surrounding it is named for the home.

The Bates-Hendricks neighborhood is award-winning and bicycle-friendly. It is located within biking distance to downtown, with I-70 to the north and I-65 to the east. The neighborhood is home to several parks, including Hendricks Park and Send Triangle Greenspace. Because it is directly south of downtown, residents enjoy fast access to Lucas Oil Stadium, the Indiana Convention Center, Bankers Life Fieldhouse, and the Indianapolis City Market.

Learn more about living in Bates-Hendricks 

Below are rent ranges for similar nearby apartments

Beds Average Size Lowest Typical Premium
Studio Studio Studio 600 Sq Ft $774 — —
1 Bed 1 Bed 1 Bed 641 Sq Ft $649 $937 $1,650
2 Beds 2 Beds 2 Beds 1045-1046 Sq Ft $1,099 $1,476 $2,200
3 Beds 3 Beds 3 Beds 1641 Sq Ft $995 $2,371 $6,443
4 Beds 4 Beds 4 Beds 2097 Sq Ft $2,300 $3,132 $4,680
Amenities
  • Washer/Dryer
  • Heating
  • Dishwasher
  • Disposal
  • Oven
  • Refrigerator
Education
Colleges & Universities Distance
Colleges & Universities Distance
IU - Indianapolis
Drive: 7 min 3.4 mi
IU - School of Medicine
Drive: 8 min 3.5 mi
University of Indianapolis
Drive: 7 min 3.9 mi
Ivy Tech Community College
Drive: 10 min 4.8 mi
518 Terrace Ave is within 7 minutes or 3.4 miles from IU - Indianapolis. It is also near IU - School of Medicine and University of Indianapolis.
Schools
Eleanor Skillen Elementary School 34
Public Elementary School
Grades PK-5
293 Students
Nearby
James A. Garfield School 31
Public Elementary & Middle School
Grades PK-8
253 Students
Attendance Zone
Grades 9-12
753 Students
Attendance Zone
Arsenal Technical High School
Public High School
Grades 9-12
2,366 Students
Attendance Zone
Emmerich Manual High School
Public High School
Grades 9-12
734 Students
Nearby
Central Christian Academy
Private Elementary, Middle & High School
Grades PK-12
201 Students
Nearby
Lumen Christi Catholic School
Private Elementary, Middle & High School
Grades K-12
Nearby
School data provided by The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.

View GreatSchools Rating Methodology

Data provided by GreatSchools.org © 2026. All rights reserved.
Transportation

518 Terrace Ave is near Indianapolis International, located 13.3 miles or 25 minutes away.

Commuter Rail Distance
Commuter Rail Distance
Indianapolis
Drive: 3 min 1.5 mi
Airports Distance
Airports Distance
Indianapolis International
 Drive: 25 min 13.3 mi

Walkability Near 518 Terrace Ave Indianapolis, IN 46203

Getting Around
Fairly Walkable
Walkability
50 / 100
Limited Public Transit
Transit
30 / 100
Very Drivable
Drivability
80 / 100
Moderately Bikeable
Bikeability
60 / 100

Scores provided by

What do Walkability, Transit, Drivability, and Bikeability mean? Walkability measures the walking distance to day-to-day needs. Transit measures access to public transportation. Drivability measures congestion, parking availability, and access to major roads. Bikeability measures the suitability for cycling. How It Works
-
Soundscore™
- / 100

Traffic

-

Airport

-

Businesses

-

Scores provided by

HowLoud What is a Sound Score Rating? A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources. How It Works
Points of Interest

Time and distance from 518 Terrace Ave.

Shopping Centers Distance
Shopping Centers Distance
CityWay
Drive: 2 min 1.3 mi
Circle Centre
Drive: 4 min 1.8 mi
Plaza Hispana
Drive: 5 min 2.5 mi
518 Terrace Ave has 3 shopping centers within 2.5 miles, which is about a 5-minute drive. The miles and minutes will be for the farthest away property.
Parks and Recreation Distance
Parks and Recreation Distance
Garfield Park Conservatory and Sunken Gardens
 Drive: 3 min 1.3 mi
Garfield Park
 Drive: 4 min 1.5 mi
University Park
 Drive: 4 min 2.3 mi
Indiana State Museum
 Drive: 5 min 2.4 mi
Bethel Park
 Drive: 5 min 2.6 mi
518 Terrace Ave has 5 parks within 2.6 miles, including Garfield Park, Garfield Park Conservatory and Sunken Gardens, and University Park.
Hospitals Distance
Hospitals Distance
Eskenazi Health
Drive: 7 min 3.3 mi
Riley Hospital for Children
Drive: 8 min 3.8 mi
Indiana University Health
Drive: 8 min 4.0 mi
518 Terrace Ave has 3 hospitals within 4.0 miles, the nearest is Eskenazi Health which is 3.3 miles away and a 7 minute drive.

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