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  • $397,000

    5234 N College Ave, Indianapolis, IN 46220

    6beds
    4baths
    --sqft
    Multi Family, Duplex
    Built in 1922
    -- sqft lot
    $397,200 Zestimate®
    $--/sqft
    $1,950 Estimated rent

    What's special

    Large remodeled duplex in the heart of Meridian-Kessler, offering the perfect blend of charm, modern updates, and a highly walkable location. Each spacious unit features 3 bedrooms and 1.5 bathrooms with updated kitchens and bathrooms completed in 2021. The major mechanicals of HVAC systems and water heaters were also replaced in 2021 for added peace of mind. Tenants enjoy private, fenced-in yards and convenient off-street parking. Ideally located walking distance from some of Indy's favorite local spots, this property offers unbeatable access to the area's best dining and neighborhood amenities. The 5234 unit is leased month-to-month at $1,750, while the 5236 unit is leased at $1,675 through May 31, 2025. This is solid investment opportunity in one of Indianapolis' most sought-after neighborhoods perfect for a an investor or house-hacker.

    Zillow last checked: 7 hours ago

    Listing updated: May 20, 2025 at 09:47am

    Listing Provided by:

    Morgan Thompson morgan@berkleyandstate.com,

    Berkley & State, LLC

    Bought with:

    Dana Rivers

    Resolute Realty

    Source: MIBOR as distributed by MLS GRID,MLS#: 22028246MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Appliances
    • Laundry: Connections All
    Features
    • Basement: Unfinished

    Property

    Parking
    • Details: Unit Parking(Unpaved)
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 5,662 sqft
    Details
    • Parcel number: 490612233169000801

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Duplex
    Materials
    • Foundation: Block
    Condition
    • New construction: No
    • Year built: 1922

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: Meridian Kessler
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $397,200

    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

    $397,200