554 N Oakland Avenue

Indianapolis, IN
$ 239,500 Beds 4 Baths 2 Sq 2,476 Virtual Tour
Monthly Estimate* How much can I afford?

$5,000 Grant available!! - This 1,844 sq ft traditional home delivers the flexibility, smart updates, and location that growing families and savvy investors have been waiting for. With 4 bedrooms (2 on each floor) and a full bath on both levels, the layout works beautifully for multigenerational living, work-from-home setups, or short-term rental income - Airbnb potential is real here. An additional 661 sq ft of dry, unfinished basement adds serious storage and utility space. Major systems have all been updated within the last 6 years, including the roof, HVAC, and water heater, so you can move in with confidence and no surprise expenses. Thoughtful energy upgrades set this home apart: foam insulation fills every wall cavity and the basement, with blown-in insulation in the attic - all contributing to an impressively low electric bill averaging just about $260/month for an all-electric home! New vinyl plank flooring runs throughout the first floor, giving the main level a clean, updated feel from the moment you walk in. Step outside to a fenced front yard and a covered front porch, perfect for morning coffee, then head to the backyard retreat, enclosed by a privacy fence, featuring a low-maintenance patio and fire pit, ideal for entertaining without the upkeep. Two secure, gated-off-street parking spots, plus a storage shed, round out the package. Location is a standout: just 2 miles from downtown Indianapolis, 23 minutes from the airport, and steps from the Monon, Pogue's Run, and Pennsy trails for biking and the outdoor lifestyle. Brookside, Ellenberger, Christian Park, and Whitewater State Park are all nearby, along with Irvington, Fountain Square, Mass Ave, the State Fairgrounds, the Indianapolis Zoo, and major sports venues. Stainless steel kitchen appliances - refrigerator, dishwasher, electric range, and microwave hood are all included. Space, systems, savings, and one of Indianapolis's most connected eastside locations. This one checks every box!!

Active

  • Price
  • $ 239,500
  • City
  • Indianapolis
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • MARION
  • Half Bathrooms
  • 0
  • Area
  • Center
  • Lot Size
  • 0.11 Acres
  • Zip
  • 46201
  • Sqr Footage
  • 2,476
  • Year Built
  • 1920
  • Taxes
  • $ 2228
  • Style
  • Traditional
  • MLS#
  • 22094651
Listed By: Jim Abner with eXp Realty, LLC;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Forced Air,Electric
Cooling Central Air
Utilities Natural Gas Available
Possession Closing
Appliances Dishwasher,Electric Water Heater,MicroHood,Microwave,Electric Oven,Refrigerator
Patio/Porch Features Covered
Architectural Style Traditional
Security Features Smoke Detector(s)
Construction Materials Vinyl Siding
Year Built 1920
Electric 200+ Amp Service
View Neighborhood
Township Center
Levels Two,One and One Half
Property Subtype Single Family Residence
Tax Year 2024
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Phelans Sub Langs E Mich
Facing Direction East
Garage Y/N No
Total Rooms 9
Full Baths 2
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 4922
Elementary School Thomas D Gregg School 15
Property Attached Y/N No
Current Financing Conventional,FHA,VA
Property Condition Updated/Remodeled
Additional Parcels Y/N No
Standard Status Active
Tax Lot 2
Legal Description Phelan Sub Langs E Mich St Add L2

Interior Features

Interior Amenities Walk-In Closet(s)
Basement Partial,Storage Space,Unfinished
Total Fireplaces 1
Fireplace Features Living Room,Masonry,Non Functional
Basement (Y/N) Yes
Laundry Features Laundry Room,Main Level
Total Bedrooms 4
Main Level Bedrooms 2
LivingAreaSource Assessor
Total Baths 2

Exterior Features

Exterior Amenities Fire Pit,Storage Shed
Fencing Full,Privacy
Parking Features Alley Access,Gravel,Gated,Guest
Lot Features Curbs,Sidewalks,Mature Trees
Water Source Public
Foundation Details Block
Spa No
Building Area Total 2476
Lot Size Acres 0.11
Waterfront Y/N No
Other Equipment Smoke Alarm,Sump Pump
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Columbus, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Thomas D Gregg School 15 Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/10/2026 Listed $269,500
4/21/2026 4% - $259,500
5/14/2026 2% - $255,000
6/21/2026 3% - $249,554
7/6/2026 1% - $249,500
7/18/2026 1% - $249,495
8/20/2026 1% - $247,500
9/4/2026 3% - $242,000
9/22/2026 2% - $239,500

Property vs Zip Code Average in 46201

Price
AVG $230K
$240K
Taxes
AVG $2,860
$2,228
Year Built
AVG 1931
1920
Visits
AVG 91
193
Data Provided by Inside Real Estate®

554 N Oakland Avenue Indianapolis, IN is a Single Family Home for sale at $239500 with 2476 sqft and a lot size of 0.11 Acres Acre(s). 554 N Oakland Avenue Indianapolis has 4 bedrooms, 2 baths and was built in 1920. The property's zip code is 46201 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.