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1133 N Somerset Avenue

Indianapolis, IN 46222

PendingListed Jul 29, 2026 · 7 days on market

Key facts

Beds
2
Baths
1 full
Living area
672 sqft
Lot
0.12 acres
Year built
1950
Type
Residential · Single Family Residence
Stories
One
MLS #
22117011
County
Marion
Subdivision
Rainbow Ridge

About this home

Own a piece of Speedway! Just a 12-minute walk from the Indianapolis Motor Speedway, this traditional-style 2-bedroom, 1-bath home offers a rare opportunity to buy in one of Indiana's most recognizable communities. The property includes a wood privacy fence and two storage buildings, including a spacious garage-sized outbuilding perfect for storage, hobbies, or a workshop. Whether you're searching for your first home, an investment property, or your next project, this is your chance to make it your own.

Description provided by the listing brokerage.

Interior

Appliances
Electric Water Heater
Interior features
Paddle FanHi-Speed Internet Availbl
Other rooms and areas
Laundry in Unit
Flooring
Hardwood
Security
Security System
Rooms
4
Main-level bedrooms
2
Condition
Fixer

Exterior

Exterior features
Fire PitStorage Shed
Patio and porch
Covered
Construction
Aluminum SidingBlockVinyl Siding
Foundation
Crawl Space
Style
Traditional
Parking and garage
Alley AccessOn Street
Fencing
Privacy
View
Trees/Woods

Systems

Heating
Propane
Cooling
Wall Unit(s)
Water
Public
Utilities
Electricity Connected

Lot and HOA

Lot features
BuslineSidewalksMature Trees

Schools

Elementary school
Ernie Pyle School 90
Middle school
H L Harshman Middle School
High school
George Washington High School
School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,914 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$618per month, estimated
Principal and interest $428Property tax $160Insurance $30
20% · $17,000
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.

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Listed at$85,000
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