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5265 N College Avenue

Indianapolis, IN 46220

ActiveListed Oct 21, 2026 · 1 day on market

Key facts

Beds
2
Baths
2 full
Living area
1,610 sqft
Lot
0.12 acres
Year built
1920
Type
Residential · Single Family Residence
Stories
One
MLS #
22132723
County
Marion
Subdivision
Peerless Realty Co's

About this home

Classic Meridian-Kessler Charm with Dual-Living & House-Hacking Potential! Welcome to this updated 1920s bungalow in the heart of Midtown/SoBro, offering exceptional character, turn-key updates, and rare multi-generational or rental income versatility. The main level boasts beautifully refinished original hardwood floors, crown molding, classic built-in features, four ceiling fans throughout the main level, and a cozy gas fireplace insert for effortless warmth and ambiance. The main kitchen features brand-new granite countertops, a glass-top range, a built-in microwave, and a dishwasher, complemented by main-floor high-efficiency laundry. Relax and unwind on the covered front porch-a classic Midtown staple-overlooking tree-lined College Avenue. Flexible Lower-Level Suite (Airbnb / Guest / Tenant Ready): The fully finished basement includes its own dedicated exterior access with separate locks, making it an ideal setup for a short-term rental, long-term tenant, or private guest suite. This space features a second living room, a full second kitchen with new granite countertops, a full bath, a second washer/dryer set, a large window, and flexible space previously utilized as a 3rd bedroom or home office. Key Upgrades & Specs: Major Capital Improvements: Brand-new roof (2026), vinyl siding and soffits, double-pane vinyl windows, updated electrical, updated plumbing, central A/C, and gas heat. Parking & Storage: Dedicated paved off-street parking behind the home plus ample front street parking. Excellent storage with multiple closets, including a walk-in closet. Unbeatable Walkable Location: Positioned half a block from the 52nd Street Red Line station and steps from the Monon Trail. Walk to over 28 local spots including The Fresh Market, Fat Dan's, The Jazz Kitchen, Yats, Twenty Tap, The Aristocrat, The Red Key Tavern, and Mama Carolla's. Just minutes to Butler University, Broad Ripple Village, and 54th Street Shops.

Description provided by the listing brokerage.

Interior

Appliances
Gas CooktopDishwasherDryerGas Water HeaterMicroHoodElectric OvenRefrigeratorWasher
Interior features
Paddle FanIn-Law Floorplan
Kitchen
Kitchen Updated
Flooring
Hardwood
Basement
ApartmentDaylightFinished
Fireplaces
1
Fireplace type
InsertLiving Room
Windows
Vinyl Windows
Rooms
7
Main-level bedrooms
2

Exterior

Patio and porch
Covered
Construction
Vinyl With Brick
Foundation
Block
Style
Bungalow
Parking and garage
Detached

Systems

Heating
Forced Air
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$5,134 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,315per month, estimated
Principal and interest $1,764Property tax $428Insurance $123
20% · $70,000
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$350,000
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