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    Four-Unit Multifamily Ranch Title is generated by Realmo AI

    5917 Carrollton Avenue, Indianapolis, IN 46220

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    Claim this Listing
    Pending
    $300,000

    MULTI_FAMILY - Ranch - Indianapolis, IN

    Type:Single Family Residence
    Lot size:
    0.16 Acres
    Added:
    Dec 2, 2025
    Days on Market:
    193
    Last Refresh:
    Jun 13 at 10:06 am

    Property Features for 5917 Carrollton Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Rooms
    Basement
    Basement
    Daylight, Walk-Out Access, Full, Exterior Entry, Finished, Apartment
    Standard status
    Pending
    APN
    490601226004000801
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Pt Ne1/4 S1 T16 R3 Beg 152.47' N Of Ne Cor Carrollton Av & 59th St P.O.B. E144' N49.47' W144' S49.47' To Beg 0.16Ac

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1954
    Floors in Building
    1
    Number of units
    4
    Building materials
    Vinyl With Stone
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Peter Stewart
    Peter Stewart

    Listing agent Peter Stewart License #RB15000083

    Listing office Keller Williams Indpls Metro N N Meridian St Ste 200 11595, Carmel, IN

    Listing date Dec 2, 2025

    MLS# 22075260 Listing URL

    Copyright © 2026 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.

    HighLights

    • Four‑unit multifamily in a converted limestone ranch (year built 1954) with 4 distinct units: 2BR/1BA, 3BR/2BA, and two 1BR/1BA units
    • Renovation is roughly 90–95% complete, offering the chance to finish remaining work
    • 3BR/2BA unit features real hardwood floors and a massive limestone wood‑burning fireplace
    • Basement unit has an industrial‑style interior with concrete floors, exposed ductwork, oversized kitchen island, and a walkout entrance
    • Each unit includes laundry hookups; heating is forced air and cooling is central air
    • Vinyl with stone exterior and asphalt roof; includes a detached garage plus ample off‑street parking

    Overview

    This converted limestone ranch property is configured as a four-unit multifamily building. The unit mix includes a 2 bed/1 bath unit with a loft-style upper level, a 3 bed/2 bath unit with real hardwood floors and a limestone wood-burning fireplace, a 1 bed/1 bath rear unit with an open studio-style layout and kitchenette, and a basement 1 bed/1 bath unit with an industrial aesthetic, concrete floors, exposed ductwork, and a walkout entrance. Each unit is described as having laundry hookups, supporting convenient in-unit usage.

    The property is located at 5917 Carrollton Avenue in Indianapolis, IN 46220, with proximity to Broad Ripple area amenities and access to the Monon Trail and the Canal as mentioned in the remarks. A detached garage is also referenced, along with ample off-street parking.

    With a distinct mix of 2- and 3-bedroom layouts alongside multiple 1-bedroom configurations, the building may suit investors and operators looking for a varied residential income portfolio. The basement unit’s walkout entry and the overall apartment variety may also appeal to tenants seeking different living styles within the same property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness 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

    FAQs

    What type of property is this?
    Quadplex - Converted limestone ranch offers a four-unit layout with laundry hookups and off-street parking for income-focused buyers.
    Where is this quadplex located?
    The property is located at 5917 Carrollton Avenue Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Four‑unit multifamily in a converted limestone ranch (year built 1954) with 4 distinct units: 2BR/1BA, 3BR/2BA, and two 1BR/1BA units; Renovation is roughly 90–95% complete, offering the chance to finish remaining work; 3BR/2BA unit features real hardwood floors and a massive limestone wood‑burning fireplace
    More about this property
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