Exceptional turnkey opportunity for savvy investors or future owner-occupants! Situated on a prime .10-acre corner lot in a quiet cul-de-sac, this beautifully refreshed 3-bedroom, 2-bath, 1,077 sq ft ranch at 5231 Pin Oak Drive delivers immediate cash flow and effortless ownership. The interior showcases extensive updates completed within the last year, including modern luxury vinyl plank flooring throughout and crisp, neutral interior paint. Major mechanical updates offer long-term peace of mind, highlighted by a brand-new AC unit paired with a furnace estimated at only 1-2 years old, providing a virtually new full HVAC system. The single-level layout maximizes functional living space, making it easy to maintain and highly appealing to tenants and future residents alike. The property is being sold with a reliable tenant in place generating $1,600/month in steady rental income through December 31, 2026. Enjoy true hands-off management: the tenant covers all utilities and is fully responsible for lawn care. Whether you are looking to expand your rental portfolio with a low-maintenance, income-producing asset from day one or secure a move-in-ready home to occupy at lease-end, this updated Indianapolis ranch represents a smart, versatile addition to your portfolio. Schedule your showing today!
Sold
Zillow last checked:
Listing updated:
Bought with:
Frank Tinsley
Highgarden Real Estate
Brenda Tinsley
Highgarden Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22121328
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2026 | Sold | $220,000$204/sqft |
Source:  MIBOR as distributed by MLS GRID #22121328 Report a problem | ||
| 9/12/2026 | Pending sale | $220,000$204/sqft |
Source: MIBOR as distributed by MLS GRID #22121328 Report a problem | ||
| 8/21/2026 | Listed for sale | $220,000+46.7%$204/sqft |
Source: MIBOR as distributed by MLS GRID #22121328 Report a problem | ||
| 12/13/2025 | Listing removed | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/2/2025 | Listed for rent | $1,600+23.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/25/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/18/2021 | Listed for rent | $1,300$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/12/2021 | Sold | $150,000+3.4%$139/sqft |
Source: MIBOR as distributed by MLS GRID #21763775 Report a problem | ||
| 3/9/2021 | Pending sale | $145,000$135/sqft |
Source: Keller Williams Indianapolis Metro North #21763775 Report a problem | ||
| 2/10/2021 | Listed for sale | $145,000$135/sqft |
Source:  Keller Williams #21763775 Report a problem | ||
| 2/7/2021 | Pending sale | $145,000+3.6%$135/sqft |
Source: MIBOR as distributed by MLS GRID #21763775 Report a problem | ||
| 2/5/2021 | Listed for sale | $139,900+42.8%$130/sqft |
Source: MIBOR as distributed by MLS GRID #21763775 Report a problem | ||
| 2/28/2005 | Sold | $98,000$91/sqft |
Source: MIBOR as distributed by MLS GRID #2434659 Report a problem | ||
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Estimated market value
$220,000
