Don't miss this prime investment opportunity near the State Fairgrounds and the popular Broad Ripple neighborhood! This 3-bedroom, 1.5-bath home offers great bones and tons of potential for a profitable renovation project. Located in a desirable and growing area with strong resale and rental demand, this property is perfect for flippers or buy-and-hold investors looking to add value through updates and cosmetic improvements. Features include a spacious layout, large backyard, and close proximity to shopping, dining, schools, and major commuter routes. Bring your vision and transform this property into a beautiful home or high-yield investment!
Sold
$145,000
4225 Ralston Ave, Indianapolis, IN 46205
3beds
1,728sqft
Residential, Single Family Residence
Built in 1922
5,662.8 Square Feet Lot
$146,800 Zestimate®
$84/sqft
$1,988 Estimated rent
Home value
$146,800
$137,000 - $157,000
$1,988/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 10, 2025 at 02:11pm
Listing Provided by:
Jessica Green 317-526-2559,
CityPlace Realty
Bought with:
Trent Kiester
@properties
Source: MIBOR as distributed by MLS GRID,MLS#: 22072428
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14X12
Bedroom 2
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11X10
Bedroom 3
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Dining room
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12X10
Living room
- Level: Main
- Area: 198 Square Feet
- Dimensions: 18x11
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: MicroHood, Electric Oven, Refrigerator
Features
- High Speed Internet
- Basement: Partial
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
- Finished area below ground: 288
Property
Parking
- Parking features: None, Detached
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,662 sqft
Details
- Parcel number: 490718103024000801
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum Siding
- Foundation: Block, Partial
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Montrose
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Sold | $145,000-3.3%$84/sqft |
Source:  MIBOR as distributed by MLS GRID #22072428 Report a problem | ||
| 11/17/2025 | Pending sale | $149,900$87/sqft |
Source: MIBOR as distributed by MLS GRID #22072428 Report a problem | ||
| 11/7/2025 | Listed for sale | $149,900+401.3%$87/sqft |
Source: MIBOR as distributed by MLS GRID #22072428 Report a problem | ||
| 8/28/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/11/2021 | Listed for rent | $1,050+44.8%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,064 +13.4% | $87,000 |
| 2023 | $1,820 +32.4% | $87,000 +12.8% |
| 2022 | $1,375 +14.2% | $77,100 +29.4% |
Find assessor info on the county website
Neighborhood: Fairgrounds
Nearby schools
GreatSchools rating
- 6/10Rousseau McClellan School 91Grades: PK-8Distance: 0.9 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 1.7 mi
- 3/10Eliza A. Blaker School 55Grades: PK-8Distance: 1.2 mi
Get a cash offer in 3 minutes
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Estimated market value$146,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$146,800