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$424,000 -

5917 Carrollton Avenue Indianapolis IN 46220

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.16
Acres

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!

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Property Details

Price: $424,000 Previously: $424,000 Originally: $449,000 Bathrooms: 0.00 MLS #: 22075260 Year Built: 1954 Township: Washington Type: Residential Income Zip Code: 46220 City: Indianapolis Subdivision: No Subdivision County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Cooling: Central Air
  • Heating: Forced Air

Exterior Features

Exterior Features:
  • Setting / Lot Description: Access
  • # Acres: 0.16

Listing Office: Keller Williams Indpls Metro N

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on February 26th, 2026 at 1:28am EST.

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