Discover the charm-and potential-of this lovely bungalow in Garden City, nestled in the heart of the westside. Spanning 1,236 square feet, this property features three generous bedrooms and two full bathrooms. The living room highlights original hardwood floors that add warmth and character, while a versatile bonus room can serve as a fourth bedroom, office, or creative studio. Whether you're seeking your next turnkey rental or a value-add flip, this property delivers opportunity. Previously a profitable rental, it's move-in ready for new tenants, offering immediate income potential. For flippers or owner-occupants, the low purchase price leaves plenty of room to build equity through thoughtful updates and cosmetic improvements. Enjoy a covered front porch perfect for relaxing, plus a convenient location close to local amenities. With strong rental demand and solid bones already in place, this home is a smart investment with multiple exit strategies-cash flow now or renovate for future gain.
Sold
$90,000
512 S Cole St, Indianapolis, IN 46241
3beds
1,236sqft
Residential, Single Family Residence
Built in 1945
5,227.2 Square Feet Lot
$177,500 Zestimate®
$73/sqft
$1,973 Estimated rent
Home value
$177,500
$156,000 - $195,000
$1,973/mo
Zestimate® history
Owner options
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$1,973/mo
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$1,973/mo
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$452/mo
Est. payment
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$452/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Kathryn Teltow 765-228-1204,
Highgarden Real Estate
Bought with:
Ashley Mullin
FS Houses LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22067899
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 2
- Level: Main
- Area: 112 Square Feet
- Dimensions: 8x14
Bedroom 3
- Level: Main
- Area: 96 Square Feet
- Dimensions: 8x12
Bonus room
- Level: Main
- Area: 140 Square Feet
- Dimensions: 10x14
Kitchen
- Level: Main
- Area: 126 Square Feet
- Dimensions: 7x18
Laundry
- Level: Main
- Area: 40 Square Feet
- Dimensions: 5x8
Living room
- Level: Main
- Area: 180 Square Feet
- Dimensions: 10x18
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Gas Oven, Refrigerator
Features
- Attic Access
- Has basement: No
- Attic: Access Only
Interior area
- Total structure area: 1,236
- Total interior livable area: 1,236 sqft
Property
Parking
- Parking features: None, Detached
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
Lot
- Size: 5,227 sqft
Details
- Parcel number: 491107103062000930
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Wayne Park
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Listing removed | $2,195$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/15/2026 | Listed for rent | $2,195$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/12/2026 | Listing removed | $2,195$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/5/2026 | Price change | $2,195+10%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/23/2025 | Listed for rent | $1,995+100.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/22/2025 | Sold | $90,000-21.7%$73/sqft |
Source:  MIBOR as distributed by MLS GRID #22067899 Report a problem | ||
| 12/10/2025 | Pending sale | $115,000$93/sqft |
Source: MIBOR as distributed by MLS GRID #22067899 Report a problem | ||
| 11/14/2025 | Listed for sale | $115,000$93/sqft |
Source: MIBOR as distributed by MLS GRID #22067899 Report a problem | ||
| 10/25/2025 | Listing removed | $115,000$93/sqft |
Source: MIBOR as distributed by MLS GRID #22067899 Report a problem | ||
| 10/20/2025 | Pending sale | $115,000$93/sqft |
Source: MIBOR as distributed by MLS GRID #22067899 Report a problem | ||
| 10/13/2025 | Listed for sale | $115,000+67.4%$93/sqft |
Source: MIBOR as distributed by MLS GRID #22067899 Report a problem | ||
| 10/10/2025 | Listing removed | $995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/8/2025 | Listed for rent | $995+25.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/20/2017 | Sold | $68,700+243.5%$56/sqft |
Source: Public Record Report a problem | ||
| 7/17/2017 | Listing removed | $795$1/sqft |
Source: Alpine Leasing, LLC Report a problem | ||
| 7/11/2017 | Listed for rent | $795$1/sqft |
Source: Alpine Leasing, LLC Report a problem | ||
| 4/4/2017 | Sold | $20,000$16/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,559 -2.8% | $119,900 +10.1% |
| 2024 | $2,634 -11.8% | $108,900 -2.9% |
| 2023 | $2,987 +61.3% | $112,100 -11.8% |
| 2022 | $1,852 -6.3% | $127,100 +85.3% |
| 2021 | $1,976 +8.4% | $68,600 -6.3% |
| 2020 | $1,823 +15.8% | $73,200 +8.4% |
| 2019 | $1,575 -9% | $67,500 +0.7% |
| 2018 | $1,730 -14.7% | $67,000 -9.6% |
| 2017 | $2,027 +19.4% | $74,100 +1.5% |
| 2016 | $1,698 +16.4% | $73,000 +0.1% |
| 2014 | $1,458 +525.4% | $72,900 +2.4% |
| 2013 | $233 | $71,200 -1.8% |
| 2012 | $233 | $72,500 -9.4% |
| 2011 | -- | $80,000 -1.2% |
| 2010 | $357 +2.4% | $81,000 -1.9% |
| 2009 | $349 | $82,600 +6.9% |
| 2007 | -- | $77,300 -2.6% |
| 2006 | -- | $79,400 +15.1% |
| 2005 | -- | $69,000 |
| 2004 | -- | $69,000 |
| 2003 | -- | $69,000 +167.4% |
| 2002 | -- | $25,800 +200% |
| 2001 | -- | $8,600 |
| 2000 | -- | $8,600 |
Find assessor info on the county website
Neighborhood: Garden City
Nearby schools
GreatSchools rating
- 4/10Rhoades Elementary SchoolGrades: PK-6Distance: 0.2 mi
- 4/10Lynhurst 7th & 8th Grade CenterGrades: 7-8Distance: 2.3 mi
- NABen Davis Ninth Grade CenterGrades: 9Distance: 3.2 mi
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Estimated market value
$177,500
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
$177,500
- Indiana
- Marion County
- Indianapolis
- 46241
- Garden City
- 512 S Cole St
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