Large remodeled duplex in the heart of Meridian-Kessler, offering the perfect blend of charm, modern updates, and a highly walkable location. Each spacious unit features 3 bedrooms and 1.5 bathrooms with updated kitchens and bathrooms completed in 2021. The major mechanicals of HVAC systems and water heaters were also replaced in 2021 for added peace of mind. Tenants enjoy private, fenced-in yards and convenient off-street parking. Ideally located walking distance from some of Indy's favorite local spots, this property offers unbeatable access to the area's best dining and neighborhood amenities. The 5234 unit is leased month-to-month at $1,750, while the 5236 unit is leased at $1,675 through May 31, 2025. This is solid investment opportunity in one of Indianapolis' most sought-after neighborhoods perfect for a an investor or house-hacker.
Sold
$397,000
5234 N College Ave, Indianapolis, IN 46220
6beds
4baths
--sqft
Multi Family, Duplex
Built in 1922
-- sqft lot
$403,700 Zestimate®
$--/sqft
$1,847 Estimated rent
Home value
$403,700
$371,000 - $440,000
$1,847/mo
Zestimate® history
Owner options
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$1,847/mo
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$1,996/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Morgan Thompson 270-300-8509,
Berkley & State, LLC
Bought with:
Dana Rivers
Resolute Realty
Source: MIBOR as distributed by MLS GRID,MLS#: 22028246
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Appliances
- Laundry: Connections All
Features
- Basement: Unfinished
Property
Parking
- Details: Unit Parking(Unpaved)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 490612233169000801
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Foundation: Block
Condition
- New construction: No
- Year built: 1922
Community & HOA
Community
- Subdivision: Meridian Kessler
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $213,800
- Annual tax amount: $4,682
- Date on market: 3/21/2025
- Cumulative days on market: 149 days
Price history
| Date | Event | Price |
|---|---|---|
| 1/26/2026 | Listing removed | $1,775 |
Source: Zillow Rentals Report a problem | ||
| 1/5/2026 | Price change | $1,775-6.6% |
Source: Zillow Rentals Report a problem | ||
| 12/22/2025 | Listed for rent | $1,900+65.2% |
Source: Zillow Rentals Report a problem | ||
| 5/16/2025 | Sold | $397,000-7.7% |
Source:  MIBOR as distributed by MLS GRID #22028246 Report a problem | ||
| 4/11/2025 | Pending sale | $430,000 |
Source: MIBOR as distributed by MLS GRID #22028246 Report a problem | ||
| 3/28/2025 | Price change | $430,000-1.1% |
Source: MIBOR as distributed by MLS GRID #22028246 Report a problem | ||
| 3/21/2025 | Listed for sale | $435,000-12.8% |
Source: MIBOR as distributed by MLS GRID #22028246 Report a problem | ||
| 11/12/2024 | Listing removed | $499,000 |
Source: MIBOR as distributed by MLS GRID #22010588 Report a problem | ||
| 11/8/2024 | Listed for sale | $499,000+75.1% |
Source: MIBOR as distributed by MLS GRID #22010588 Report a problem | ||
| 9/18/2020 | Sold | $285,000 |
Source: Public Record Report a problem | ||
| 11/9/2018 | Listing removed | $1,150 |
Source: Athena Real Estate Services, LLC Report a problem | ||
| 7/16/2018 | Listed for rent | $1,150+4.5% |
Source: Athena Real Estate Services, LLC Report a problem | ||
| 9/6/2017 | Listing removed | $1,100 |
Source: Zillow Rental Manager Report a problem | ||
| 7/5/2017 | Listed for rent | $1,100 |
Source: Zillow Rental Manager Report a problem | ||
| 6/10/2016 | Listing removed | $1,100+10.6% |
Source: Athena Real Estate Services Report a problem | ||
| 10/28/2014 | Listing removed | $995 |
Source: Athena Real Estate Services, LLC Report a problem | ||
| 9/29/2014 | Listed for rent | $995 |
Source: Athena Real Estate Services, LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,969 +6.1% | $213,800 +2.1% |
| 2024 | $4,682 +12% | $209,400 +6.1% |
| 2023 | $4,179 +9.9% | $197,400 +11.5% |
| 2022 | $3,802 +0.7% | $177,000 +7.4% |
| 2021 | $3,775 +0.9% | $164,800 +1.1% |
| 2020 | $3,740 +2.5% | $163,000 +2.9% |
| 2019 | $3,650 +14.4% | $158,400 +3.4% |
| 2018 | $3,189 +6.8% | $153,200 +4.1% |
| 2017 | $2,987 +0.5% | $147,200 +6.2% |
| 2016 | $2,973 -44.3% | $138,600 -43.8% |
| 2014 | $5,336 -17.7% | $246,800 -7.9% |
| 2013 | $6,481 | $268,000 -7.2% |
| 2012 | $6,481 | $288,900 +20.6% |
| 2011 | -- | $239,500 |
| 2010 | $4,979 -5.8% | $239,500 -3.4% |
| 2009 | $5,283 | $247,900 +21.7% |
| 2007 | -- | $203,700 |
Find assessor info on the county website
Neighborhood: Meridian Kessler
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Nearby schools
GreatSchools rating
- 8/10Center for Inquiry School 84Grades: K-5Distance: 0.7 mi
- NABroad Ripple Middle School - An IB World SchoolGrades: 6-8Distance: 1.5 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 2.1 mi
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Estimated market value
$403,700
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Estimated market value
$403,700
- Indiana
- Marion County
- Indianapolis
- 46220
- Meridian Kessler
- 5234 N College Ave
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