Great opportunity to own a 5,227 sq ft vacant residential lot in Indianapolis Robinwood neighborhood. Located on a quiet, established street and just minutes from downtown, this lot is ideal for a custom build, rental property, or future investment. Enjoy quick access to major highways, transit, and all things Indy. With continued revitalization in the area, this property offers strong potential and flexibility for your next project.
Active
$27,000
3161 N Colorado Ave, Indianapolis, IN 46218
--beds
--baths
5,227Square Feet
Unimproved Land, Residential Lots
Built in ----
5,227 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 230 days |
- 12 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Melody Owen 317-437-8336,
Carpenter, REALTORS®
Source: MIBOR as distributed by MLS GRID,MLS#: 22075634
Facts & features
Property
Lot
- Size: 5,227 Square Feet
- Features: City, Mature Trees
Details
- Parcel number: 490721134027000101
- Zoning: Residential
- Zoning description: Single Family
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water Near By
Community & HOA
Community
- Subdivision: Robinwood
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $4,900
- Annual tax amount: $116
- Date on market: 12/5/2025
- Cumulative days on market: 447 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Listed for sale | $27,000+36.4% |
Source:  MIBOR as distributed by MLS GRID #22075634 Report a problem | ||
| 11/30/2025 | Listing removed | $19,800 |
Source: MIBOR as distributed by MLS GRID #22035776 Report a problem | ||
| 6/21/2025 | Price change | $19,800-17.5% |
Source: MIBOR as distributed by MLS GRID #22035776 Report a problem | ||
| 4/30/2025 | Listed for sale | $24,000 |
Source: MIBOR as distributed by MLS GRID #22035776 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $116 -14.4% | $4,900 |
| 2024 | $136 -0.2% | $4,900 |
| 2023 | $136 +20.5% | $4,900 |
| 2022 | $113 +121.9% | $4,900 |
| 2021 | $51 -1.9% | $4,900 +122.7% |
| 2020 | $52 -0.9% | $2,200 |
| 2019 | $52 -97.7% | $2,200 |
| 2018 | $2,230 +11.2% | $2,200 |
| 2017 | $2,005 +4038.3% | $2,200 |
| 2016 | $48 +1.9% | $2,200 |
| 2014 | $48 -3.6% | $2,200 |
| 2013 | $49 | $2,200 |
| 2012 | $49 | $2,200 -58.5% |
| 2011 | -- | $5,300 |
| 2010 | $110 -2.4% | $5,300 |
| 2009 | $113 | $5,300 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Martindale-Brightwood
Nearby schools
GreatSchools rating
- 3/10James Russell Lowell School 51Grades: PK-5Distance: 1.1 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 4.1 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 3.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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