Investor Special - Prime 1.5 Acre Opportunity in Sought-After Location! Unlock the potential of this uninhabitable home situated on a spacious 1.5-acre lot in one of the area's most desirable and well-connected neighborhoods. Just minutes from major shopping centers, restaurants, and everyday conveniences, this property offers an unbeatable location with endless upside. The existing structure is in need of a full rehab or tear-down, making it the perfect canvas for your next renovation project or new construction. Highlights: 1.5 acres of level, usable land Close to retail, dining, and amenities Excellent investment or development potential Highly desirable neighborhood with strong demand Bring your plans, your vision, and make the most of this diamond in the rough. Opportunities like this don't come around often-schedule your viewing today!
Active
Price cut: $24.9K (7/31)
$225,000
5159 E Edgewood Ave, Indianapolis, IN 46237
0beds
--baths
960sqft
Est.:
Residential, Single Family Residence
Built in 1950
1.5 Acres Lot
$-- Zestimate®
$234/sqft
$-- HOA
What's special
Level usable land
- 62 days
- on Zillow |
- 558 |
- 21 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 11:21am
Listing Provided by:
Mukul Khanna 646-578-7176,
RE/MAX Advanced Realty
Source: MIBOR as distributed by MLS GRID,MLS#: 22042480

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
Living room
- Features: Other
- Level: Main
- Dimensions: 0
Heating
- None
Cooling
- None
Appliances
- Included: None
Features
- High Ceilings
- Has basement: No
Interior area
- Total structure area: 960
- Total interior livable area: 960 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 1.5 Acres
Details
- Parcel number: 491510109011000300
- Special conditions: Cosmetics Needed,Fixer Upper,Needs Updating
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick
- Foundation: Other
Condition
- Fixer
- New construction: No
- Year built: 1950
Utilities & green energy
- Water: None
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $234/sqft
- Tax assessed value: $109,500
- Annual tax amount: $2,222
- Date on market: 6/2/2025
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