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5163 Indianola Avenue

Indianapolis, IN 46205

ActiveListed Jul 22, 2026 · 72 days on market

Key facts

Beds
2
Baths
1 full
Living area
825 sqft
Lot
0.16 acres
Year built
1935
Type
Residential · Single Family Residence
Stories
One
MLS #
22113027
County
Marion
Subdivision
Mayfair
Total building area
1,650 sqft

About this home

ATTENTION: Seller willing to contribute up to $10k concessions for buyer's closing costs with suitable offer! This classic SoBro bungalow is lifestyle-maxxing - putting Broad Ripple's restaurants, coffee shops, nightlife, and neighborhood favorites within an easy walk or bike ride. Situated in the best stretch of Broad Ripple, only four blocks from the Monon Trail and priced at $250,000 (recently dropped to $225k!), it offers an excellent chance to own in Indianapolis' most connected neighborhood. As you walk into the house, you'll immediately understand the care and maintenance that has gone into this home. Hardwood and tile floors exude character inside, while the full basement adds valuable storage and future potential. Out back, enjoy a fenced yard, patio, oversized storage shed, off-street parking with additional property extending beyond the rear fence. Quick access to College Ave and Keystone Ave, 52th St and Kessler, and Red Line makes getting anywhere in the city simple.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerGas Water HeaterGas OvenRefrigeratorWasher
Interior features
Attic AccessBuilt-in Features
Other rooms and areas
Living Room Formal
Flooring
Hardwood
Basement
Unfinished
Laundry
In Basement
Windows
Screens
Rooms
5
Main-level bedrooms
2

Exterior

Exterior features
Storage
Patio and porch
Porch
Construction
Wood Siding
Foundation
Block
Style
Bungalow
Fencing
Full

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,910 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,455per month, estimated
Principal and interest $1,134Property tax $243Insurance $79
20% · $44,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

Talk to a lender we trust
Listing Office:
@properties
Listing Office Phone:
317-489-3441
Listed by
Firm
@properties
Firm phone
317-489-3441
MLS #
22113027
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Listed at$224,900
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