5265 N College Ave, Indianapolis, IN 46220

Description

Classic Meridian-Kessler Charm with Dual-Living & House-Hacking Potential! Welcome to this updated 1920s bungalow in the heart of Midtown/SoBro, offering exceptional character, turn-key updates, and rare multi-generational or rental income versatility. The main level boasts beautifully refinished original hardwood floors, crown molding, classic built-in features, four ceiling fans throughout the main level, and a cozy gas fireplace insert for effortless warmth and ambiance. The main kitchen features brand-new granite countertops, a glass-top range, a built-in microwave, and a dishwasher, complemented by main-floor high-efficiency laundry. Relax and unwind on the covered front porch-a classic Midtown staple-overlooking tree-lined College Avenue. Flexible Lower-Level Suite (Airbnb / Guest / Tenant Ready): The fully finished basement includes its own dedicated exterior access with separate locks, making it an ideal setup for a short-term rental, long-term tenant, or private guest suite. This space features a second living room, a full second kitchen with new granite countertops, a full bath, a second washer/dryer set, a large window, and flexible space previously utilized as a 3rd bedroom or home office. Key Upgrades & Specs: Major Capital Improvements: Brand-new roof (2026), vinyl siding and soffits, double-pane vinyl windows, updated electrical, updated plumbing, central A/C, and gas heat. Parking & Storage: Dedicated paved off-street parking behind the home plus ample front street parking. Excellent storage with multiple closets, including a walk-in closet. Unbeatable Walkable Location: Positioned half a block from the 52nd Street Red Line station and steps from the Monon Trail. Walk to over 28 local spots including The Fresh Market, Fat Dan's, The Jazz Kitchen, Yats, Twenty Tap, The Aristocrat, The Red Key Tavern, and Mama Carolla's. Just minutes to Butler University, Broad Ripple Village, and 54th Street Shops.