Indianapolis, IN 46220,5917 Carrollton AVE
Indianapolis, IN 46220,5917 Carrollton AVE
Indianapolis, IN 46220,5917 Carrollton AVE
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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092
Listed by Peter Stewart • Keller Williams Indpls Metro N
$429,000
Est. payment /mo
6,969 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 22075260

Year Built 1954

Tax Year 2024

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Quadruplex

Property Description

Discover an incredibly rare investment opportunity at 5917 Carrollton Ave, located in the heart of Indy's coveted A-Class Broad Ripple neighborhood. Just steps from the Monon Trail, the Canal, and the vibrant shops, bars, and dining of Broad Ripple Ave, this property offers unbeatable walkability and central convenience. This converted limestone ranch has been thoughtfully transformed into a four-unit multifamily property-perfect for investors or creative house-hackers seeking an eclectic mix of spaces ideal for high-yield short-term or mid-term furnished rentals. STR rental projections of $7k+ per month!! The renovation is roughly 90-95% complete, making this the ideal canvas for a buyer with vision to apply final touches and maximize returns. The unit mix is distinct and full of character. The Left Unit (2 bed/1 bath) boasts a cool retro 1960s vibe with stainless counters, parquet floors, and a loft-style upper level with a bedroom, living room, and office nook. The Right Unit (3 bed/2 bath) features real hardwoods, a funky kitchenette with custom countertop, and a massive limestone wood-burning fireplace. The Rear Unit (1 bed/1 bath) lives like a studio with an open layout and kitchenette w/breakfast bar. Finally, the Basement Unit (1 bed/1 bath) delivers a stunning industrial aesthetic with concrete floors, exposed ductwork, a massive full kitchen with an oversized island, and a walkout entrance. Complete with a detached garage for potential extra income, ample off-street parking, and laundry hookups in every unit, this property is truly one-of-a-kind. Opportunities like this simply don't come to market in Broad Ripple-come see the potential today!

Location

State IN

County Marion

Rooms

Basement Apartment, Daylight, Exterior Entry, Finished Walls, Full, Walk-Out Access

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N false

Roof Type Asphalt

Building

Story One

Foundation Block

Architectural Style Ranch, Traditional

Structure Type Vinyl With Stone

New Construction false

Schools

School District Indianapolis Public Schools

Others

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MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES
Elementary Schools 20
  • 10

    Merle Sidener Gifted Academy

    Public | 2 - 8

  • 9

    Center for Inquiry II

    Public | KG - 8

  • 8

    John Strange Elementary School

    Public | KG - 5

  • 6

    Rousseau Mc Clellan 91

    Public | KG - 8

  • 6

    The Challenge Foundation Academy

    Public | KG - 5

  • 4

    Fox Hill Elementary School

    Public | KG - 5

  • 4

    Spring Mill Elementary School

    Public | KG - 5

  • 4

    Kipp Indpls College Preparatory

    Public | 5 - 8

  • 3

    Mary E Nicholson School 70

    Public | KG - 5

  • 2

    Greenbriar Elementary School

    Public | KG - 5

  • 2

    Indiana School for the Blind

    Public | PK - 12

  • 2

    Indiana School for the Deaf

    Public | PK - 12

  • 2

    In Math & Science Academy North

    Public | KG - 10

  • 1

    James Whitcomb Riley School 43

    Public | KG - 8

  • 1

    Louis B Russell Jr School 48

    Public | PK - 6

  • 1

    IPS Butler University Laboratory School 55

    Public | PK - 8

  • 1

    Joyce Kilmer School 69

    Public | KG - 6

  • 0

    Christ Church Child Care & Christian Academy

    Private | PK - KG

  • 0

    International School of Indiana

    Private | PK - 12

  • 0

    Hasten Hebrew Academy

    Private | PK - 8

Middle Schools 6
  • 3

    Westlane Middle School

    Public | 6 - 8

  • 0

    Shortridge Law & Pub Pol Mag Jr High School

    Public | 6 - 8

  • 0

    Indiana Virtual School

    Public | 6 - 12

  • 0

    Broad Ripple Mgnt Jr High School-Prfm Arts

    Public | 6 - 8

  • 0

    Tindley Collegiate Academy

    Public | 6 - 8

  • 0

    Tindley Preparatory Academy

    Public | 6 - 8

High Schools 5
  • 5

    Charles a Tindley Accelerated School

    Public | 9 - 12

  • 4

    Shortridge Law & Public Plcy Mg High School

    Public | 9 - 12

  • 1

    Broad Ripple Mgnt High School for Prfm Arts

    Public | 9 - 12

  • 0

    Bishop Chatard High School

    Private | 9 - 12

  • 0

    Nexus Academy of Indianapolis

    Public | 9 - 12

School and business data provided by Attom Data.

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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092

Broker | RB14032222

Broker RB14032222

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5917 Carrollton AVE

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