Pending

$400,000

5111 Ralston Ave, Indianapolis, IN 46205

7beds

3baths

--sqft

Est.:

Multi Family, Triplex

Built in 1940

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Completely remodeled kitchens

Great Investment opportunity in SoBro! This home offers a 3 bedroom house, a studio apartment in basement w/own private entrance and a frere standing carriage house in rear featuring a 3 bedroom with screened in balcony porch. All units have their own completely remodeled kitchens, bathrooms and have own washer/dryer hookups. All units are currently rented month to month. All tenants are willing to stay if buyer would like. Ideal situation to live in one unit yourself and lease out the other two! Conveniently located within biking distance to the MONON, Jazz Kitchen, Mama Corolla's and Half Liter BBQ! Don't let this unique opportunity pass you by!

21 days

1,783

88

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3

Heating

Natural Gas

Appliances

Laundry: Connections All, Main Level

Features

Basement: Apartment,Exterior Entry,Finished,Finished Ceiling,Finished Walls

Property

Parking

Parking features: Concrete
Details: Unit Parking(Paved Area)

Features

Levels: Multi/Split
Exterior features: Balcony

Lot

Size: 5,662.8 Square Feet
Features: Access, Curbs, Irregular Lot, Not In Subdivision, Sidewalks, Storm Sewer, Street Lights, Mature Trees, Trees-Small (Under 20 Ft)

Details

Additional structures: Guest House
Parcel number: 490707139091000801

Construction

Type & style

Home type: MultiFamily
Architectural style: Cape Cod,Traditional
Property subtype: Multi Family, Triplex

Materials

Aluminum Siding, Block, Wood Siding
Roof: Shingle

Condition

Updated/Remodeled
New construction: No
Year built: 1940

Community & HOA

Community

Subdivision: Bellaire

Location

Region: Indianapolis

Financial & listing details

Tax assessed value: $259,800
Annual tax amount: $6,166
Date on market: 3/2/2026
Cumulative days on market: 22 days
Tenant pays: All Utilities
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
3/12/2026	Pending sale	$400,000
Source: MIBOR as distributed by MLS GRID #22085441 Report a problem
3/2/2026	Listed for sale	$400,000-4.8%
Source: MIBOR as distributed by MLS GRID #22085444 Report a problem
2/1/2026	Listing removed	$420,000
Source: eXp Realty #22053803 Report a problem
12/8/2025	Price change	$420,000-6.5%
Source: MIBOR as distributed by MLS GRID #22053803 Report a problem
8/8/2025	Price change	$449,000-6.5%
Source: MIBOR as distributed by MLS GRID #22053803 Report a problem
8/1/2025	Listed for sale	$480,000+104.3%
Source: MIBOR as distributed by MLS GRID #22053803 Report a problem
2/9/2024	Listing removed	--
Source: Zillow Rentals Report a problem
2/8/2024	Price change	$650-18.8%
Source: Zillow Rentals Report a problem
2/3/2024	Listed for rent	$800
Source: Zillow Rentals Report a problem
5/17/2023	Listing removed	--
Source: Zillow Rentals Report a problem
5/6/2023	Price change	$800-27.3%
Source: Zillow Rentals Report a problem
4/20/2023	Listed for rent	$1,100
Source: Zillow Rentals Report a problem
9/13/2022	Sold	$234,900
Source: MIBOR as distributed by MLS GRID #21872658 Report a problem
9/12/2022	Pending sale	$234,900
Source: MIBOR as distributed by MLS GRID #21872658 Report a problem
8/25/2022	Price change	$234,900-2.1%
Source: MIBOR as distributed by MLS GRID #21872658 Report a problem
8/8/2022	Price change	$239,900-4%
Source: MIBOR as distributed by MLS GRID #21872658 Report a problem
7/21/2022	Listed for sale	$250,000+25%
Source: MIBOR as distributed by MLS GRID #21872658 Report a problem
7/20/2022	Sold	$200,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$6,044 +37.8%	$259,800 +2%
2023	$4,387 +11.7%	$254,800 +37.1%
2022	$3,929 +10.5%	$185,800 +9.1%
2021	$3,557 +3.1%	$170,300 +10.9%
2020	$3,452 +3.5%	$153,600 +5.1%
2019	$3,335 +11%	$146,200 +4.4%
2018	$3,004 -22.9%	$140,000 -27.9%
2017	$3,896 +1.7%	$194,300 +6.1%
2016	$3,831 +1.6%	$183,200 +5.5%
2014	$3,769 +123.6%	$173,600 +4.3%
2013	$1,685 +27.8%	$166,400 +165%
2010	$1,319 -6.1%	$62,800 -4%
2009	$1,404	$65,400 -5.2%
2007	--	$69,000 -51.2%
2003	--	$141,300 +95.7%
2002	--	$72,200 +202.5%
2001	--	$23,870
2000	--	$23,870