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    5917 Carrollton Ave Indianapolis, IN 46220

    New
    For Sale
    $449,000

    Ranch,Traditional, Quadruplex - Indianapolis, IN

    Type:Quadruplex
    Lot size:
    0.16 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 5917 Carrollton Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Rooms
    Basement
    APN
    490601226004000801
    Basement Y/N
    1
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1954
    Number of units
    4
    Building materials
    Stone
    Roof type
    Asphalt
    Architectural style
    New Traditional

    Keller Williams Indianapolis Metro North (317) 846-6300 [email protected]

    Listing agent Peter Stewart (317) 846-6300 License #RB15000083

    Listing date Dec 3, 2025

    MLS# 22075260 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Broad Ripple Multifamily Investment Opportunity

    Located in the Broad Ripple neighborhood of Indianapolis, this four-unit multifamily property at 5917 Carrollton Ave presents an investment opportunity. The converted limestone ranch is near the Monon Trail, the Canal, and the shops, bars, and dining options of Broad Ripple Avenue. The property has been renovated into four distinct units, suitable for short-term or mid-term furnished rentals. The renovation is approximately 90-95% complete. The Left Unit is a 2-bedroom, 1-bath unit with a retro 1960s design, stainless counters, parquet floors, and a loft-style upper level with a bedroom, living room, and office nook. The Right Unit features 3 bedrooms and 2 baths, real hardwoods, a kitchenette with a custom countertop, and a limestone wood-burning fireplace. The Rear Unit is a 1-bedroom, 1-bath unit with an open layout and kitchenette with breakfast bar. The Basement Unit includes 1 bedroom and 1 bath, with concrete floors, exposed ductwork, a full kitchen with an oversized island, and a walkout entrance. The property includes a detached garage, ample off-street parking, and laundry hookups in each unit. The lot size is 0.16 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.144409
    Latitude
    39.862773

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property near Monon Trail and Broad Ripple Avenue.
    Where is this quadplex located?
    The property is located at 5917 Carrollton Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - Prime location in Broad Ripple, steps from Monon Trail, Canal, shops, bars, and restaurants, offering exceptional walkability.; - Four-unit multifamily property ideal for investors or house-hackers, with potential for high-yield short-term or mid-term furnished rentals.; - Unique unit mix with distinct character, including retro 1960s, hardwood floors, limestone fireplace, and industrial aesthetic options.
    (317) 846-6300
    Request Owner's contact information
    5917 Carrollton Ave Indianapolis, IN 46220
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    Indianapolis, IN 46220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5917 Carrollton Ave Indianapolis, IN 46220
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