Great Investment opportunity in SoBro! This home offers a 3 bedroom house, a studio apartment in basement w/own private entrance and a frere standing carriage house in rear featuring a 3 bedroom with screened in balcony porch. All units have their own completely remodeled kitchens, bathrooms and have own washer/dryer hookups. All units are currently rented month to month. All tenants are willing to stay if buyer would like. Ideal situation to live in one unit yourself and lease out the other two! Conveniently located within biking distance to the MONON, Jazz Kitchen, Mama Corolla's and Half Liter BBQ! Don't let this unique opportunity pass you by!
Pending
$400,000
5111 Ralston Ave, Indianapolis, IN 46205
7beds
3baths
--sqft
Est.:
Multi Family, Triplex
Built in 1940
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Completely remodeled kitchens
- 21 days |
- 1,783 |
- 88 |
Zillow last checked: 7 hours ago
Listing updated: March 12, 2026 at 06:13am
Listing Provided by:
Shawnna West 317-201-4545,
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22085441
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Natural Gas
Appliances
- Laundry: Connections All, Main Level
Features
- Basement: Apartment,Exterior Entry,Finished,Finished Ceiling,Finished Walls
Property
Parking
- Parking features: Concrete
- Details: Unit Parking(Paved Area)
Features
- Levels: Multi/Split
- Exterior features: Balcony
Lot
- Size: 5,662.8 Square Feet
- Features: Access, Curbs, Irregular Lot, Not In Subdivision, Sidewalks, Storm Sewer, Street Lights, Mature Trees, Trees-Small (Under 20 Ft)
Details
- Additional structures: Guest House
- Parcel number: 490707139091000801
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cape Cod,Traditional
- Property subtype: Multi Family, Triplex
Materials
- Aluminum Siding, Block, Wood Siding
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1940
Community & HOA
Community
- Subdivision: Bellaire
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $259,800
- Annual tax amount: $6,166
- Date on market: 3/2/2026
- Cumulative days on market: 22 days
- Tenant pays: All Utilities
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Pending sale | $400,000 |
Source:  MIBOR as distributed by MLS GRID #22085441 Report a problem | ||
| 3/2/2026 | Listed for sale | $400,000-4.8% |
Source: MIBOR as distributed by MLS GRID #22085444 Report a problem | ||
| 2/1/2026 | Listing removed | $420,000 |
Source: eXp Realty #22053803 Report a problem | ||
| 12/8/2025 | Price change | $420,000-6.5% |
Source: MIBOR as distributed by MLS GRID #22053803 Report a problem | ||
| 8/8/2025 | Price change | $449,000-6.5% |
Source: MIBOR as distributed by MLS GRID #22053803 Report a problem | ||
| 8/1/2025 | Listed for sale | $480,000+104.3% |
Source: MIBOR as distributed by MLS GRID #22053803 Report a problem | ||
| 2/9/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/8/2024 | Price change | $650-18.8% |
Source: Zillow Rentals Report a problem | ||
| 2/3/2024 | Listed for rent | $800 |
Source: Zillow Rentals Report a problem | ||
| 5/17/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/6/2023 | Price change | $800-27.3% |
Source: Zillow Rentals Report a problem | ||
| 4/20/2023 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 9/13/2022 | Sold | $234,900 |
Source: MIBOR as distributed by MLS GRID #21872658 Report a problem | ||
| 9/12/2022 | Pending sale | $234,900 |
Source: MIBOR as distributed by MLS GRID #21872658 Report a problem | ||
| 8/25/2022 | Price change | $234,900-2.1% |
Source: MIBOR as distributed by MLS GRID #21872658 Report a problem | ||
| 8/8/2022 | Price change | $239,900-4% |
Source: MIBOR as distributed by MLS GRID #21872658 Report a problem | ||
| 7/21/2022 | Listed for sale | $250,000+25% |
Source: MIBOR as distributed by MLS GRID #21872658 Report a problem | ||
| 7/20/2022 | Sold | $200,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,044 +37.8% | $259,800 +2% |
| 2023 | $4,387 +11.7% | $254,800 +37.1% |
| 2022 | $3,929 +10.5% | $185,800 +9.1% |
| 2021 | $3,557 +3.1% | $170,300 +10.9% |
| 2020 | $3,452 +3.5% | $153,600 +5.1% |
| 2019 | $3,335 +11% | $146,200 +4.4% |
| 2018 | $3,004 -22.9% | $140,000 -27.9% |
| 2017 | $3,896 +1.7% | $194,300 +6.1% |
| 2016 | $3,831 +1.6% | $183,200 +5.5% |
| 2014 | $3,769 +123.6% | $173,600 +4.3% |
| 2013 | $1,685 +27.8% | $166,400 +165% |
| 2010 | $1,319 -6.1% | $62,800 -4% |
| 2009 | $1,404 | $65,400 -5.2% |
| 2007 | -- | $69,000 -51.2% |
| 2003 | -- | $141,300 +95.7% |
| 2002 | -- | $72,200 +202.5% |
| 2001 | -- | $23,870 |
| 2000 | -- | $23,870 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,337/mo
Principal & interest
$2017
Property taxes
$320
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Climate risks
Neighborhood: Fairgrounds
Nearby schools
GreatSchools rating
- 6/10Rousseau McClellan School 91Grades: PK-8Distance: 0.3 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 2.3 mi
- 3/10Eliza A. Blaker School 55Grades: PK-8Distance: 0.4 mi
Local experts in 46205
- Indiana
- Marion County
- Indianapolis
- 46205
- Fairgrounds
- 5111 Ralston Ave
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