This septic issue is likely why the property has sat on the market for 259 days with price cuts down to $184,000. For an entrepreneurial buyer, this is a massive opportunity. Our data shows a market value potential of up to $286,000, leaving you a $100k spread to handle the dirty work.
In Indianapolis, connecting to the city line is almost always the better move. Municipal sewer is a huge selling point for families and makes the home eligible for FHA and VA buyers who usually shy away from aging septic systems.
| Solution | Estimated Cost | Impact on Resale |
| :--- | :--- | :--- |
| City Sewer Connection | $7,000 - $15,000 | High (Unlocks more buyers) |
| Septic System Replacement | $10,000 - $25,000 | Neutral (Still requires maintenance) |
Verify the Line: Contact Citizens Energy Group immediately. If the main line is already on Edgewood Ave, your cost is primarily the "tap-in" fee and the private lateral line plumbing.
Financing Hack: Look into the STEP (Septic Tank Elimination Program). Sometimes the city offers low-interest financing or payment plans through your property taxes to cover connection costs.
The Spread: Even at a $20k repair cost, you are all-in at $204k for a house that could be worth $280k+ with minor cosmetic TLC. That’s a win for your pocket.
667 E Edgewood Ave, Indianapolis Investment Report: Flip & Rental Analysis · Frontflip