Don't miss this prime investment opportunity near the State Fairgrounds and the popular Broad Ripple neighborhood! This 3-bedroom, 1.5-bath home offers great bones and tons of potential for a profitable renovation project. Located in a desirable and growing area with strong resale and rental demand, this property is perfect for flippers or buy-and-hold investors looking to add value through updates and cosmetic improvements. Features include a spacious layout, large backyard, and close proximity to shopping, dining, schools, and major commuter routes. Bring your vision and transform this property into a beautiful home or high-yield investment!
Sold
$145,000
4225 Ralston Ave, Indianapolis, IN 46205
3beds
1,728sqft
Residential, Single Family Residence
Built in 1922
5,662 Square Feet Lot
$223,900 Zestimate®
$84/sqft
$1,676 Estimated rent
Home value
$223,900
$195,000 - $253,000
$1,676/mo
Zestimate® history
Owner options
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$1,676/mo
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$1,676/mo
Rent Zestimate®
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$939/mo
Est. payment
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$939/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jessica Green 317-526-2559,
CityPlace Realty
Bought with:
Trent Kiester
@properties
Source: MIBOR as distributed by MLS GRID,MLS#: 22072428
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14X12
Bedroom 2
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11X10
Bedroom 3
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Dining room
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12X10
Living room
- Level: Main
- Area: 198 Square Feet
- Dimensions: 18x11
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: MicroHood, Electric Oven, Refrigerator
Features
- High Speed Internet
- Basement: Partial
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
- Finished area below ground: 288
Property
Parking
- Parking features: None, Detached
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 490718103024000801
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum Siding
- Foundation: Block, Partial
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Montrose
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $84/sqft
- Tax assessed value: $93,500
- Annual tax amount: $2,064
- Date on market: 11/7/2025
- Cumulative days on market: 8 days
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2026 | Listing removed | $1,899$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/18/2026 | Price change | $1,899-2.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/12/2026 | Price change | $1,950-2.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/1/2026 | Listed for rent | $2,000+90.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/5/2025 | Sold | $145,000-3.3%$84/sqft |
Source:  MIBOR as distributed by MLS GRID #22072428 Report a problem | ||
| 11/17/2025 | Pending sale | $149,900$87/sqft |
Source: MIBOR as distributed by MLS GRID #22072428 Report a problem | ||
| 11/7/2025 | Listed for sale | $149,900+401.3%$87/sqft |
Source: MIBOR as distributed by MLS GRID #22072428 Report a problem | ||
| 8/28/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/11/2021 | Listed for rent | $1,050+44.8%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/27/2016 | Listing removed | $725+4.3% |
Source: Real Property Management Report a problem | ||
| 11/27/2015 | Listing removed | $29,900$17/sqft |
Source: Exceptional Homes, Inc. #21307059 Report a problem | ||
| 4/22/2015 | Pending sale | $29,900$17/sqft |
Source: Exceptional Homes, Inc. #21307059 Report a problem | ||
| 1/23/2015 | Price change | $29,900-14.3%$17/sqft |
Source: Real Estate Marketing, Inc. #21307059 Report a problem | ||
| 11/26/2014 | Price change | $34,900-7.9%$20/sqft |
Source: Real Estate Marketing, Inc. #21307059 Report a problem | ||
| 11/6/2014 | Price change | $37,900-2.6%$22/sqft |
Source: Real Estate Marketing, Inc. #21307059 Report a problem | ||
| 8/14/2014 | Price change | $38,900-0.3%$23/sqft |
Source: Real Estate Marketing, Inc. #21307059 Report a problem | ||
| 8/1/2014 | Listed for sale | $39,000+73.3%$23/sqft |
Source: Real Estate Marketing, Inc. #21307059 Report a problem | ||
| 4/8/2014 | Listing removed | $695 |
Source: Discover Properties PMG Report a problem | ||
| 1/15/2014 | Listed for rent | $695 |
Source: Discover Properties PMG Report a problem | ||
| 10/18/2013 | Listing removed | $22,500$13/sqft |
Source: REALHome Services and Solutions #21247816 Report a problem | ||
| 10/1/2013 | Price change | $22,500-13.5%$13/sqft |
Source: Hubzu #21247816 Report a problem | ||
| 8/3/2013 | Listed for sale | $26,000-61.2%$15/sqft |
Source: Hubzu #21247816 Report a problem | ||
| 3/27/2007 | Sold | $67,000+11.7%$39/sqft |
Source: MIBOR as distributed by MLS GRID #2664865 Report a problem | ||
| 6/27/2005 | Sold | $60,000$35/sqft |
Source: MIBOR as distributed by MLS GRID #2519777 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,065 +0% | $93,500 +7.5% |
| 2024 | $2,064 +13.4% | $87,000 |
| 2023 | $1,820 +32.4% | $87,000 +12.8% |
| 2022 | $1,375 +14.2% | $77,100 +29.4% |
| 2021 | $1,204 +5.6% | $59,600 +14.6% |
| 2020 | $1,140 +10.8% | $52,000 +7.7% |
| 2019 | $1,029 +15.7% | $48,300 +11.8% |
| 2018 | $890 +1.9% | $43,200 +6.9% |
| 2017 | $873 +4% | $40,400 +5.2% |
| 2016 | $839 +1.9% | $38,400 +0.8% |
| 2014 | $824 +235.4% | $38,100 +4.1% |
| 2013 | $246 | $36,600 -11.6% |
| 2012 | $246 | $41,400 -7% |
| 2011 | -- | $44,500 -25.3% |
| 2010 | $369 +7.9% | $59,600 -2.6% |
| 2009 | $342 | $61,200 -3.6% |
| 2007 | -- | $63,500 -9.5% |
| 2006 | -- | $70,200 +61.4% |
| 2005 | -- | $43,500 |
| 2004 | -- | $43,500 |
| 2003 | -- | $43,500 +103.3% |
| 2002 | -- | $21,400 +200.1% |
| 2001 | -- | $7,130 |
| 2000 | -- | $7,130 |
Find assessor info on the county website
Neighborhood: Fairgrounds
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Nearby schools
GreatSchools rating
- 6/10Rousseau McClellan School 91Grades: PK-5Distance: 0.9 mi
- NABroad Ripple Middle School - An IB World SchoolGrades: 6-8Distance: 2.4 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$223,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$223,900
- Indiana
- Marion County
- Indianapolis
- 46205
- Fairgrounds
- 4225 Ralston Ave
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