Build your vision on this residential lot located at 5041 Iowa St in Indianapolis. Tucked into an established neighborhood, this parcel offers a great opportunity for a new construction home or long-term investment in a steadily growing area on the southeast side of the city. With utilities nearby and convenient access to major roadways, commuting to downtown Indianapolis, Fountain Square, and surrounding amenities is simple and efficient. The lot provides a manageable footprint ideal for a single-family home, with space to incorporate outdoor living, a garage, or additional landscaping to enhance value and appeal. Whether you're a builder looking for your next project or a buyer ready to create a custom home, this property offers flexibility and potential.
Active
$30,000
5041 Iowa St, Indianapolis, IN 46203
--beds
--baths
8,276Square Feet
Unimproved Land, Residential Lots
Built in ----
8,276 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 117 days |
- 49 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Maria Lasher 317-315-9586,
eXp Realty LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22090853
Facts & features
Property
Lot
- Size: 8,276 Square Feet
- Features: City
- Topography: Cleared
Details
- Additional structures: None
- Parcel number: 491016127036000101
- Zoning: RES
- Zoning description: Single Family
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water Near By
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $600
- Annual tax amount: $14
- Date on market: 3/23/2026
- Cumulative days on market: 119 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/23/2026 | Listed for sale | $30,000+300% |
Source:  MIBOR as distributed by MLS GRID #22090853 Report a problem | ||
| 1/7/2022 | Sold | $7,500 |
Source: MIBOR as distributed by MLS GRID #21827477 Report a problem | ||
| 12/20/2021 | Pending sale | $7,500 |
Source: MIBOR as distributed by MLS GRID #21827477 Report a problem | ||
| 12/7/2021 | Price change | $7,500-21.1% |
Source: MIBOR as distributed by MLS GRID #21827477 Report a problem | ||
| 12/4/2021 | Price change | $9,500-20.8% |
Source: MIBOR as distributed by MLS GRID #21827477 Report a problem | ||
| 12/2/2021 | Listed for sale | $12,000 |
Source: MIBOR as distributed by MLS GRID #21827477 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14 -14.4% | $600 |
| 2024 | $17 -0.2% | $600 |
| 2023 | $17 -6.3% | $600 |
| 2022 | $18 +0.1% | $600 |
| 2021 | $18 +17.9% | $600 |
| 2020 | $15 -3% | $600 +20% |
| 2019 | $16 +12.9% | $500 |
| 2018 | $14 +5.4% | $500 |
| 2017 | $13 -13.7% | $500 |
| 2016 | $15 +3.7% | $500 |
| 2014 | $15 -10% | $500 |
| 2013 | $16 | $500 |
| 2012 | $16 | $500 -28.6% |
| 2011 | -- | $700 |
| 2010 | $22 +3.4% | $700 |
| 2009 | $21 | $700 |
| 2007 | -- | $700 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Near Southeast
Nearby schools
GreatSchools rating
- 3/10Paul I. Miller School 114Grades: PK-6Distance: 0.5 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 4.4 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 3.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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