5917 Carrollton Avenue, Indianapolis, IN 46220

Property Description

Discover an incredibly rare investment opportunity at 5917 Carrollton Ave, located in the heart of Indy's coveted A-Class Broad Ripple neighborhood. Just steps from the Monon Trail, the Canal, and the vibrant shops, bars, and dining of Broad Ripple Ave, this property offers unbeatable walkability and central convenience. This converted limestone ranch has been thoughtfully transformed into a four-unit multifamily property-perfect for investors or creative house-hackers seeking an eclectic mix of spaces ideal for high-yield short-term or mid-term furnished rentals. The renovation is roughly 90-95% complete, making this the ideal canvas for a buyer with vision to apply final touches and maximize returns. The unit mix is distinct and full of character. The Left Unit (2 bed/1 bath) boasts a cool retro 1960s vibe with stainless counters, parquet floors, and a loft-style upper level with a bedroom, living room, and office nook. The Right Unit (3 bed/2 bath) features real hardwoods, a funky kitchenette with custom countertop, and a massive limestone wood-burning fireplace. The Rear Unit (1 bed/1 bath) lives like a studio with an open layout and kitchenette w/breakfast bar. Finally, the Basement Unit (1 bed/1 bath) delivers a stunning industrial aesthetic with concrete floors, exposed ductwork, a massive full kitchen with an oversized island, and a walkout entrance. Complete with a detached garage for potential extra income, ample off-street parking, and laundry hookups in every unit, this property is truly one-of-a-kind. Opportunities like this simply don't come to market in Broad Ripple-come see the potential today!

Listing Status:

Active

Listing Office:

Keller Williams Indpls Metro N : 317-450-9202

Listing Agent:

Peter Stewart : 317-450-9202

MLS ID:

22075260

Interior

• Laundry: Connections All
• Basement: ApartmentDaylightExterior EntryFinished WallsFullWalk-Out Access
• A/C: Central Air
• Heating: Forced Air

Exterior

• Style: RanchTraditional
• Parking: Asphalt

Construction

• Roofing: Asphalt
• General: OneBlock

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Pt Ne1/4 S1 T16 R3 Beg 152.47' N Of Ne Cor Carrollton Av & 59th St P.O.B. E144' N49.47' W144' S49.47' To Beg 0.16Ac490601226004000801
• Current Use: Apt<20

Financial

• Source: mibor

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