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Residential Income Condominium
For Lease
$175,000

5262 Whisperwood Lane, Indianapolis, IN 46226

Flexible two-level layout with updated systems, private patio, and direct access to a two-car garage.

Space SizeContact for details
Days on Market11

Property Features for 5262 Whisperwood Lane

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1977
Listing Agency: Bif Ward Real Estate Group
Listed By: Bif Ward
Source: Bifward
Added: Aug 24 Changed: Aug 29 Last Checked: Sep 2 at 1:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bif Ward Real Estate Group

Investment Insights

Based on property information with market context.

This condominium at 5262 Whisperwood Lane offers a two-level interior with an adaptable guest area, primary suite, living room, dining space, and kitchen with a pass-through and breakfast nook. The original plan included two large bedrooms and 2 1/2 baths; the former guest bedroom is currently open to create additional flexible-use space and may be restored as a second bedroom with its own full bath. The primary suite includes a walk-in closet and walk-in shower. Recent improvements include carpet, a 2023 water heater, a 2024 HVAC system, and a 2024 roof. Appliances and window treatments remain with the property.

Sliding doors lead from the residence to a private patio and the two-car garage. Windridge Condominiums is a gated community within I-465, with mature trees, rolling terrain, ravines, a dog park, shopping, restaurants, interstate access, and downtown Indianapolis nearby. Association services include water, sewer, trash pickup, snow removal, lawn care, and exterior condominium maintenance.

Key Highlights

  • Gated Windridge Condominiums community within I‑465
  • Original two‑bedroom, 2 1/2‑bath layout with flexible guest‑area configuration
  • 2024 HVAC system and roof; 2023 water heater

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Dental Office Auto Repair Shop Electrical Service Nail Salon Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

251
Businesses Nearby

Demographics for 46226, IN

43,997
Population
21,380
Households
2.1
Avg Household Size
35
Median Age
24%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
2,973
Density / Sq Mi
$47,086
Median Household Income
$34,225
Median Earnings
$1,045
Median Rent
$148,900
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Flexible two-level layout with updated systems, private patio, and direct access to a two-car garage.
Where is this residential income property located?
The property is located at 5262 Whisperwood Lane Indianapolis, IN.
What is the lease rate?
The lease rate is $175,000.
What are key features of this property?
This property features: Gated Windridge Condominiums community within I‑465; Original two‑bedroom, 2 1/2‑bath layout with flexible guest‑area configuration; 2024 HVAC system and roof; 2023 water heater
More about this property
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