Skip to content

5342 Pelham

Indianapolis, IN 46216

PendingListed Sep 24, 2026 · 7 days on market

Key facts

Beds
3
Baths
3 full
Living area
2,316 sqft
Lot
0.1 acres
Year built
2003
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22126798
County
Marion
Subdivision
Benjamin Square

About this home

Welcome home to 5342 Pelham Way, ideally located near the beautiful Fort Harrison State Park. Enjoy easy access to trails, green space, recreation, and all that this unique area has to offer, while still being close to everyday conveniences. Inside, you'll find two separate living spaces, including a finished basement that feels like its own apartment-complete with a second kitchen (added approximately two years ago), full bathroom, third bedroom and newer luxury vinyl plank flooring throughout. This area of the home offers you flexibility for guests, work, recreation, or whatever suits your needs. Recent updates bring real peace of mind, with the roof, AC, furnace, and water heater all replaced within the last 3-5 years. Outside, a new concrete walkway and updated landscaping-both completed in 2026-add fresh curb appeal to this move-in-ready home. Coffee shops, restaurants, pharmacies, the local library, YMCA, parks, and playgrounds are all nearby. Fun events like horseback riding, food trucks, and a local outdoor farmers market, add fun community traditions to the neighborhood. With a convenient location, plenty of flexible living space, and a long list of recent updates, 5342 Pelham Way is ready to welcome you home.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDryerDisposalGas Water HeaterMicroHoodMicrowaveConvection OvenElectric OvenRefrigeratorWasherWater Softener Owned
Interior features
Attic AccessBath Sinks Double MainCathedral Ceiling(s)Vaulted Ceiling(s)Entrance FoyerPaddle FanIn-Law FloorplanEat-in KitchenPantrySmart ThermostatWalk-In Closet(s)WoodWorkStain/Painted
Kitchen
Kitchen Updated
Basement
Ceiling - 9+ feetDaylightFinishedFinished CeilingFinished WallsFullInterior EntryStorage SpaceWalk-Out Access
Fireplaces
1
Fireplace type
Gas Log
Laundry
Laundry Closet
Windows
ScreensVinyl Windows
Security
Smoke Detector(s)
Rooms
8
Main-level bedrooms
2
Condition
Updated/Remodeled

Exterior

Exterior features
Not Applicable
Patio and porch
DeckPatio
Construction
Vinyl With Brick
Foundation
Concrete PerimeterSlab
Style
Traditional
Parking and garage
Attached
View
Trees/Woods
Other equipment
Smoke AlarmSump Pump

Systems

Heating
Forced Air
Cooling
Central Air
Water
Public
Utilities
Cable ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

HOA fee
$203 / semi-annually
Lot features
CurbsSidewalksStorm SewerStreet LightsSuburbMature TreesWooded
Community
CurbsParkPlaygroundSidewalks
HOA fee includes
Entrance CommonInsuranceManagementSnow Removal
HOA amenities
InsuranceManagementSnow Removal

Schools

School district
MSD Lawrence Township

Taxes

Estimated annual tax
$2,494 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,626per month, estimated
Principal and interest $1,311Property tax $208Insurance $91HOA $17
20% · $52,000
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.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$260,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.