Price Reduction - Views - Primary on Main
Address
554 N Oakland Avenue, Indianapolis, IN
Price
$ 242,000
Property Attributes
- MLS#22094651
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaCenter
- NeighborhoodPhelans Sub Langs E Mich
- Zip46201
- StyleTraditional
- Year Built1920
- Taxes$ 2228
- Price$ 242,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2476
- Lot Size0.11 Acres
Data Source:
MIBOR Broker Listing Cooperative
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!!
| Elementary School |
|---|
| Thomas D Gregg School 15 Elementary 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 |
General Features
| 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 |
| Virtual Tour | https://www.zillow.com/view-imx/e259d1aa-ab96-4986-bd33-9c00c57ac728?wl=true&setAttribution=mls&initialViewType=pano |
| Standard Status | Active |
| Tax Lot | 2 |
| Virtual Tour | https://www.zillow.com/view-imx/e259d1aa-ab96-4986-bd33-9c00c57ac728?initialViewType=pano |
| 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
Property vs Single Family Average in 46201
Price
Taxes
Year Built
Visits
MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Team Deck may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 13, 2026 12:47 AM UTC
