Charming & Affordable Indianapolis Home Welcome to 5127 Rowney St, a cozy 1-bedroom, 1-bathroom home offering 592 sq. ft. of comfortable living space on a desirable corner lot in Emerson Place. Built in 1925, this single-level home features a functional layout with a spacious family room, eat-in kitchen, and convenient in-unit laundry. The kitchen includes an electric range, refrigerator, dishwasher, microwave hood, and garbage disposal. The detached 1-car garage provides valuable additional parking and storage. The home offers municipal water and sewer, central electric cooling, and a combination of electric and gas heating. Situated on approximately 0.15 acres, this property presents an excellent opportunity for a first-time buyer, downsizer, investor, or rental-property owner. Conveniently located in Indianapolis with easy access to everyday amenities and transportation. **Priced at $99,000-an opportunity worth exploring!**
Active
$99,000
5127 E Rowney St, Indianapolis, IN 46203
1beds
592sqft
Residential, Single Family Residence
Built in 1925
6,534 Square Feet Lot
$86,400 Zestimate®
$167/sqft
$-- HOA
What's special
Convenient in-unit laundrySpacious family roomCentral electric coolingEat-in kitchenSingle-level homeDesirable corner lotFunctional layout
- 3 days |
- 87 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Raveendran Dudhlur 317-792-0340,
Forthright Real Estate,
Prasanth Dudhlur,
Forthright Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22121549
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x08
Family room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12x14
Kitchen
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10x13
Heating
- Baseboard, Electric, Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Dishwasher, Dryer, Disposal, MicroHood, Electric Oven, Refrigerator, Washer, Gas Water Heater
Features
- Attic Access, Eat-in Kitchen
- Has basement: No
- Attic: Access Only
Interior area
- Total structure area: 592
- Total interior livable area: 592 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,534 Square Feet
- Features: Corner Lot
Details
- Parcel number: 491015108075000700
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Emerson Place
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $99,100
- Annual tax amount: $2,334
- Date on market: 8/20/2026
- Cumulative days on market: 5 days
Estimated market value
$86,400
$70,000 - $103,000
$1,062/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Listed for sale | $99,000+135.7%$167/sqft |
Source:  MIBOR as distributed by MLS GRID #22121549 Report a problem | ||
| 9/15/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/10/2021 | Listed for rent | $780+13%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/1/2020 | Listing removed | $690$1/sqft |
Source: CENTURY 21 Scheetz #21676470 Report a problem | ||
| 10/23/2019 | Listed for rent | $690$1/sqft |
Source: CENTURY 21 Scheetz #21676470 Report a problem | ||
| 2/18/2019 | Listing removed | $690$1/sqft |
Source: Carmel #21607518 Report a problem | ||
| 11/16/2018 | Listed for rent | $690$1/sqft |
Source: CENTURY 21 Scheetz #21607518 Report a problem | ||
| 11/7/2018 | Sold | $42,000$71/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $814 +0% | $99,100 +179.9% |
| 2024 | $814 +21.3% | $35,400 |
| 2023 | $671 +13.6% | $35,400 +16.1% |
| 2022 | $591 -3.8% | $30,500 +13.8% |
| 2021 | $614 +19.8% | $26,800 -3.6% |
| 2020 | $513 +20.8% | $27,800 +19.8% |
| 2019 | $424 +20.5% | $23,200 +20.8% |
| 2018 | $352 -13.5% | $19,200 +9.1% |
| 2017 | $407 +7% | $17,600 -6.9% |
| 2016 | $380 +1.6% | $18,900 +1.1% |
| 2014 | $374 -9.7% | $18,700 |
| 2013 | $414 | $18,700 -9.7% |
| 2012 | $414 | $20,700 -3.7% |
| 2011 | -- | $21,500 |
| 2010 | $430 -2.7% | $21,500 -2.7% |
| 2009 | $442 | $22,100 -5.6% |
| 2007 | -- | $23,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Southeast
Nearby schools
GreatSchools rating
- 4/10Lowell Elementary SchoolGrades: K-4Distance: 1.8 mi
- 4/10Raymond Park Middle School (7-8)Grades: 5-8Distance: 3.6 mi
- 3/10Warren Central High SchoolGrades: 9-12Distance: 5.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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