5545 W 46th Street
Indianapolis, IN, 46254 $ 649,900
Bedrooms4 Baths2.0 Sq 3,276 Monthly Estimate*
$ 4,489
for $649,900 with 4 bedrooms and 2 full baths. This 3,276 square foot home was built in 1872 on a lot size of 5.35.
Owners had added another 3.3-acre tax parcel to this home since it was last on the market! That additional acreage has a hard-to-find barn in good condition. True needle-in-a-haystack opportunity-5.35 acres inside the I-465 loop with charming 150-year-old farmhouse, historic character, and endless possibilities. Step onto the welcoming wraparound porch and a home filled with craftsmanship that's nearly impossible to find today. Original woodwork, soaring ceilings, transom windows, stained glass, and spacious rooms create a warm, inviting atmosphere rich with history. The large attic offers excellent storage and exciting potential for future finished living space. Outside, you'll discover a peaceful retreat that feels worlds away from the city. Mature walnut, hackberry, and maple trees provide beauty and shade, while the growing fields and native prairie attract birds, butterflies, dragonflies, fireflies, and other wildlife. Enjoy sunrise coffee on the porch, host family and friends in the barn, or simply relax and take in the surroundings. The back porch and adjacent laundry room make the perfect transition after a day spent outdoors. Continue legacy of the current owners as a working urban vegetable and flower farm, or bring your own vision to life. With no HOA, the possibilities are endless-create a wood-fired pizza farm where guests gather picnic-style to enjoy pizzas topped with produce grown just steps away, pair it with a U-pick flower farm, or fence a portion of the property for animals to create an unforgettable destination for families. Existing chicken house stays! Whether dreaming of a hobby farm, agritourism business, event venue, or simply a private country retreat with room to roam, opportunities like this are exceptionally rare-especially in such a convenient location. Sale includes a total of 5.35 acres across three tax parcels: 490513117008000600, 4905131100100600, and 490513117009000600. Please include all three parcels with any offer.
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FeaturesInteriorInterior Amenities Attic Stairway Built-in Features Hi-Speed Internet Availbl Wired for Sound Wood Work Stained
Basement (Y/N) Y
Half Baths 0
Total Bedrooms 4
Below Grade Finished Area 0
Main Level Bedrooms 0
Total Baths 2
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GeneralHeating Forced Air
Cooling Central Air
Possession Closing
Appliances Dryer Microwave Gas Oven Refrigerator Washer Water Heater Water Softener Owned
Patio/Porch Features Covered Wrap Around
Architectural Style Farmhouse
Construction Materials Wood Siding
Year Built 1872
Township Pike
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Additional Parcels Description 490513117009000600
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Subdivision Not Available See Legal
Garage Y/N N
Total Rooms 14
Full Baths 2
Status Pending
Directions GPS Friendly
City Indianapolis
High School District MSD Pike Township
MLS Area 4902 - Marion - Pike
Lot Size Square Feet 228254
Property Attached Y/N N
Current Financing Conventional FHA VA
Additional Parcels Y/N Y
Standard Status Pending
Tax Lot 490513117008000600
Legal Description Pt Nw1/4 Ne1/4 S13 T16 R2 Beg 394' S & 663.42' W Of Ne Cor P.O.B. N393.95' E214.14' S393.95' W214.14' To Beg
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ExteriorLot Features Not In Subdivision Mature Trees
Water Source Public Private
Foundation Details Block Stone
Building Area Total 3276
Lot Size Acres 5.35
Horse Amenities None
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* Excluded FeaturesList Bykschuler@c21scheetz.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,489
- Monthly Property Taxes
- $576
- 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 $314,758
Percent of Sale Price 52%
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.
4045012 Elementary School
4045009 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/21/2026 | $649,900 | -6.35% | Price Down |
| 7/23/2026 | $694,000 | | Listed Price |