554 N Oakland Avenue
Indianapolis, IN, 46201 $ 235,000
Bedrooms4 Baths2.0 Sq 2,476 Monthly Estimate*
$ 1,623
for $235,000 with 4 bedrooms and 2 full baths. This 2,476 square foot home was built in 1920 on a lot size of 0.11.
$5,000 Grant available!! - This 1,844 sq ft traditional home delivers the flexibility, smart updates, and location that growing families and savvy investors have been waiting for. With 4 bedrooms (2 on each floor) and a full bath on both levels, the layout works beautifully for multigenerational living, work-from-home setups, or short-term rental income - Airbnb potential is real here. An additional 661 sq ft of dry, unfinished basement adds serious storage and utility space. Major systems have all been updated within the last 6 years, including the roof, HVAC, and water heater, so you can move in with confidence and no surprise expenses. Thoughtful energy upgrades set this home apart: foam insulation fills every wall cavity and the basement, with blown-in insulation in the attic - all contributing to an impressively low electric bill averaging just about $260/month for an all-electric home! New vinyl plank flooring runs throughout the first floor, giving the main level a clean, updated feel from the moment you walk in. Step outside to a fenced front yard and a covered front porch, perfect for morning coffee, then head to the backyard retreat, enclosed by a privacy fence, featuring a low-maintenance patio and fire pit, ideal for entertaining without the upkeep. Two secure, gated-off-street parking spots, plus a storage shed, round out the package. Location is a standout: just 2 miles from downtown Indianapolis, 23 minutes from the airport, and steps from the Monon, Pogue's Run, and Pennsy trails for biking and the outdoor lifestyle. Brookside, Ellenberger, Christian Park, and Whitewater State Park are all nearby, along with Irvington, Fountain Square, Mass Ave, the State Fairgrounds, the Indianapolis Zoo, and major sports venues. Stainless steel kitchen appliances - refrigerator, dishwasher, electric range, and microwave hood are all included. Space, systems, savings, and one of Indianapolis's most connected eastside locations. This one checks every box!!
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FeaturesInteriorInterior Amenities Walk-In Closet(s)
Basement Partial Storage Space Unfinished
Total Fireplaces 1
Fireplace Features Living Room Masonry Non Functional
Basement (Y/N) Y
Half Baths 0
Laundry Features Laundry Room Main Level
Total Bedrooms 4
Below Grade Finished Area 0
Main Level Bedrooms 2
Total Baths 2
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GeneralHeating Forced Air Electric
Cooling Central Air
Utilities Natural Gas Available
Possession Closing
Appliances Dishwasher Electric Water Heater MicroHood Microwave Electric Oven Refrigerator
Patio/Porch Features Covered
Architectural Style Traditional
Security Features Smoke Detector(s)
Construction Materials Vinyl Siding
Year Built 1920
Electric 200+ Amp Service
View Neighborhood
Township Center
Levels Two One and One Half
Property Subtype Single Family Residence
Tax Year 2024
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Phelans Sub Langs E Mich
Facing Direction East
Garage Y/N N
Total Rooms 9
Full Baths 2
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 4922
Elementary School Thomas D Gregg School 15
Property Attached Y/N N
Current Financing Conventional FHA VA
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Virtual Tour https://www.zillow.com/view-imx/e259d1aa-ab96-4986-bd33-9c00c57ac728?wl=true&setAttribution=mls&initialViewType=pano https://www.zillow.com/view-imx/e259d1aa-ab96-4986-bd33-9c00c57ac728?initialViewType=pano
Standard Status Active
Tax Lot 2
Legal Description Phelan Sub Langs E Mich St Add L2
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ExteriorExterior Amenities Fire Pit Storage Shed
Fencing Full Privacy
Parking Features Alley Access Gravel Gated Guest
Lot Features Curbs Sidewalks Mature Trees
Water Source Public
Foundation Details Block
Spa N
Building Area Total 2476
Lot Size Acres 0.11
Waterfront Y/N N
Other Equipment Smoke Alarm Sump Pump
Horse Amenities None
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* Excluded FeaturesList ByJames@TheAbnerGroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,623
- Monthly Property Taxes
- $186
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Indianapolis, IN
Average List Price $314,080
Percent of Sale Price 34%
About Indianapolis, IN 843,184 Population
8% Since 2002
$ 43,160 Median Income
35.24 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4254443 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/2/2026 | $235,000 | -1.88% | Price Down |
| 9/22/2026 | $239,500 | -1.03% | Price Down |
| 9/4/2026 | $242,000 | -2.22% | Price Down |
| 8/20/2026 | $247,500 | -0.80% | Price Down |
| 7/18/2026 | $249,495 | 0.00% | Price Down |
| 7/6/2026 | $249,500 | -0.02% | Price Down |
| 6/21/2026 | $249,554 | -2.14% | Price Down |
| 5/14/2026 | $255,000 | -1.73% | Price Down |
| 4/21/2026 | $259,500 | -3.71% | Price Down |
| 4/10/2026 | $269,500 | | Listed Price |