Once in a generation opportunity to acquire this former library that has been moved to this location and converted to a multi-family double on an oversized lot (130'x217'). With the property being zoned D5 there is an exciting opportunity to renovate the existing units or even the possibility of redeveloping the property. With excellent walkability to Fresh Market, restaurants and nightlife, this 2709 square feet, two-story duplex, built in 1925, offers a unique opportunity to own a piece of Indianapolis history!
Sold
$479,000
5549 N College Ave, Indianapolis, IN 46220
6beds
2baths
--sqft
Multi Family, Duplex
Built in 1925
-- sqft lot
$487,000 Zestimate®
$--/sqft
$1,715 Estimated rent
Home value
$487,000
$453,000 - $526,000
$1,715/mo
Zestimate® history
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$3,011/mo
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Oversized lot
Zillow last checked:
Listing updated:
Listed by:
Christopher Chabenne 317-225-9969,
Kosene & Kosene Residential
Bought with:
Mark Lopez
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22055573
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Cooling
- Central Air
Appliances
- Laundry: Laundry Closet, Laundry Room
Features
- Has basement: No
Property
Parking
- Parking features: Gravel
- Details: Unit Parking(Other)
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony, Lighting
- Fencing: Fenced,Partial
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.65 Acres
- Features: City Lot, Sidewalks, Mature Trees
Details
- Parcel number: 490612235119000801
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Georgian
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1925
Community & HOA
Community
- Subdivision: Duffy's College Ave
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $298,200
- Annual tax amount: $6,284
- Date on market: 8/12/2025
- Cumulative days on market: 25 days
- Tenant pays: Cable TV, Electricity, Fees, Gas
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Sold | $479,000-4.2% |
Source:  MIBOR as distributed by MLS GRID #22055573 Report a problem | ||
| 9/6/2025 | Pending sale | $499,900 |
Source: MIBOR as distributed by MLS GRID #22055573 Report a problem | ||
| 8/12/2025 | Listed for sale | $499,900+148.7% |
Source: MIBOR as distributed by MLS GRID #22055573 Report a problem | ||
| 10/3/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/20/2023 | Price change | $1,200-7.7% |
Source: Zillow Rentals Report a problem | ||
| 9/12/2023 | Listed for rent | $1,300 |
Source: Zillow Rentals Report a problem | ||
| 9/4/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/21/2023 | Price change | $1,300-7.1% |
Source: Zillow Rentals Report a problem | ||
| 6/26/2023 | Listed for rent | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 5/24/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/3/2023 | Listed for rent | $1,400+33.3% |
Source: Zillow Rentals Report a problem | ||
| 5/24/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 5/19/2022 | Listed for rent | $1,050+17.3% |
Source: Zillow Rental Manager Report a problem | ||
| 1/18/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/30/2020 | Listed for rent | $895 |
Source: Zillow Rental Manager Report a problem | ||
| 3/30/2001 | Sold | $201,000 |
Source: MIBOR as distributed by MLS GRID #2110763 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,284 +0% | $298,200 +12.6% |
| 2024 | $6,281 +10.2% | $264,800 |
| 2023 | $5,702 +23.1% | $264,800 +9.6% |
| 2022 | $4,632 -2.8% | $241,500 +20.3% |
| 2021 | $4,766 -1.9% | $200,800 -2.4% |
| 2020 | $4,859 +99% | $205,800 |
| 2019 | $2,442 -19.9% | $205,800 +43.6% |
| 2018 | $3,047 +0.9% | $143,300 +0.9% |
| 2017 | $3,021 -0.7% | $142,000 +1.1% |
| 2016 | $3,042 -33.8% | $140,400 -34% |
| 2014 | $4,597 +11.4% | $212,600 +13.8% |
| 2013 | $4,125 | $186,800 +1.6% |
| 2012 | $4,125 | $183,900 +1.5% |
| 2011 | -- | $181,100 |
| 2010 | $3,765 -4.1% | $181,100 -1.7% |
| 2009 | $3,926 | $184,200 |
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: 0.4 mi
- NABroad Ripple Middle School - An IB World SchoolGrades: 6-8Distance: 1.1 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 2.5 mi
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Estimated market value
$487,000
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
$487,000
- Indiana
- Marion County
- Indianapolis
- 46220
- Meridian Kessler
- 5549 N College Ave
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