5265 N College Avenue Indianapolis, IN $ 350,000
5265 N College Avenue
$ 350,000
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5265 N College Avenue

Indianapolis, IN, 46220
$ 350,000
Bedrooms2 Baths2.0 Sq 1,610

Monthly Estimate*

$ 2,417

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Single Family Home for sale in Indianapolis, IN

for $350,000 with 2 bedrooms and 2 full baths. This 1,610 square foot home was built in 1920 on a lot size of 0.12.

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.

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Single Family Active

Price

$ 350,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 5,134

Style

Bungalow

Lot Size

0.12

Year Built

1920

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22132723

Features
Interior
Interior Amenities Paddle Fan In-Law Floorplan
Basement Apartment Daylight Finished
Total Fireplaces 1
Fireplace Features Insert Living Room
Basement (Y/N) Y
Half Baths 0
Total Bedrooms 2
Below Grade Finished Area 533
Main Level Bedrooms 2
Total Baths 2
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General
Heating Forced Air
Cooling Central Air
Possession Closing
Appliances Gas Cooktop Dishwasher Dryer Gas Water Heater MicroHood Electric Oven Refrigerator Washer
Garage Spaces 0
Patio/Porch Features Covered
Architectural Style Bungalow
Construction Materials Vinyl With Brick
Year Built 1920
Township Washington
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Peerless Realty Co's
Garage Y/N N
Total Rooms 7
Full Baths 2
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 5009
Property Attached Y/N N
Virtual Tour https://www.zillow.com/view-imx/07905d59-1e3b-44be-9a46-62e9013bedb9?wl=true&setAttribution=mls&initialViewType=pano https://www.zillow.com/view-imx/07905d59-1e3b-44be-9a46-62e9013bedb9?initialViewType=pano
Standard Status Active
Tax Lot 49-06-12-213-008.000-801
Legal Description Peerless Realty Co's College Court Add L4 Exalley E End
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Exterior
Parking Features None Detached
Water Source Public
Foundation Details Block
Building Area Total 1610
Lot Size Acres 0.12
Horse Amenities None
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* Excluded Features
List By
Lickliter Realty Services Llc

Broker

glickliter@lickliterrealty.com

Email

Affordability Calculator

$2,845
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,417
Monthly Property Taxes
$428
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.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2026$350,000 Listed Price

Map


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5265 N College Avenue, Indianapolis, IN, 46220 is a Single Family Home for sale at $350,000 with 1,610 sqft and a lot size of 0.12. 5265 N College Avenue has 2 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 46220 which is in Indianapolis, IN