554 N Oakland Avenue, Indianapolis, IN 46201
- $242,000
- 4
- BD
- 2
- BA
- 2,476
- SqFt
- List Price
- $242,000
- Price Change
- ▼ $5,500 1788543318
- MLS#
- 22094651
- Status
- ACTIVE
- Days on Market
- 154
- Bedrooms
- 4
- Bathrooms
- 2
- Sqft. of Residence
- 2,476
- Property Type
- Residential
- Year Built
- 1920
Property Description
$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!!
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Additional Information
- Basement
- Partial, Storage Space, Unfinished
- Foundation
- Block
- Number of Fireplaces
- 1
- Fireplace Description
- Living Room, Masonry, Non Functional
- Stories
- Two, One and One Half
- Architecture
- Traditional
- Equipment
- Smoke Alarm, Sump Pump
- Interior
- Walk-In Closet(s)
- Exterior Amenities
- Fire Pit, Storage Shed
- Acres
- 0.11
- Heat
- Forced Air, Electric
- Cooling
- Central Air
- Financing
- Conventional, FHA, VA
- Appliances
- Dishwasher, Electric Water Heater, MicroHood, Microwave, Electric Oven, Refrigerator
- Semi-Annual Taxes
- $1,114
- Garage Parking
- Guest Street Parking
- Region
- Center
- Areas
- Bedroom Other on Main, Living Room Formal
- Eating Areas
- Formal Dining Room
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Listing courtesy of eXp Realty, LLC.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative