$220,000

5231 Pin Oak Drive, Indianapolis, IN 46254

3 beds |
2 baths |
1,077 sqft

Single-Family Home
Built in 1992
4,356sqft lot
2 car garage
$204/sqft
Listed 2 days ago

Property Description

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!

Listing Status:: Active
Data Last Updated:: August 24, 2026 at 3:20AM
Listing Office:: Keller Williams Indpls Metro N : 317-450-9202
Listing Agent:: Peter Stewart : 317-450-9202
MLS ID:: 22121328

General: Attic AccessCathedral Ceiling(s)Entrance FoyerEat-in KitchenWalk-In Closet(s)
Appliances: DishwasherElectric Water HeaterDisposalMicroHoodMicrowaveElectric OvenRefrigerator
Laundry: Connections AllMain Level
A/C: Central AirHeat Pump
Heating: Forced AirHeat PumpElectric
Fireplace: InsertLiving RoomFireplaces: 1

Style: Ranch
Other Structures: Deck
Parking: Attached

General: OneSlab

HOA Amenities: PoolEntrance CommonInsuranceMaintenanceParkPlaygroundManagementSnow RemovalTrash35.0Monthly
Originating MLS: mibor
School District: MSD Pike Township
County: Marion

Zoning: The Gardens North L57490606112054000600

Water: Public

Source: mibor

This listing courtesy of Peter Stewart , Keller Williams Indpls Metro N

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Principal & Interest $
Property Taxes $
Home Insurance $
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