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5115 Banbury Road Indianapolis, IN 46226 - Photo 1 of 19

Description

Income-Producing Quadplex Located in Marion County, this all-brick quadplex presents an outstanding value-add investment opportunity. Two of the four units are currently leased at 1,100 per month, providing immediate income, while the remaining two units are vacant and ready for rehab. This setup allows an investor to earn revenue from day one while renovating the vacant units to their own design, standards, and rent targets. The property sits on an expansive 21,998 square foot lot, offering potential...Income-Producing Quadplex Located in Marion County, this all-brick quadplex presents an outstanding value-add investment opportunity. Two of the four units are currently leased at 1,100 per month, providing immediate income, while the remaining two units are vacant and ready for rehab. This setup allows an investor to earn revenue from day one while renovating the vacant units to their own design, standards, and rent targets. The property sits on an expansive 21,998 square foot lot, offering potential for additional improvements and long-term growth. With solid brick construction and spacious layouts, the building provides a durable foundation for increasing rental income and overall property value. This property is well-positioned for tenant appeal, with easy access to major commuter routes, schools, shopping, and everyday conveniences. It's just minutes from downtown Indianapolis, making it an ideal location for renters seeking affordability and accessibility. For an investor seeking both immediate returns and future upside, this property checks all the boxes. The combination of existing leases, renovation potential, and location strength make this an excellent candidate for portfolio growth or 1031 exchange acquisition. This is a prime opportunity to acquire a stable income property with built-in upside-earn while you improve and set your rents to current market levels once renovations are complete. The two vacant units are available to view at any time. See the private remarks for showing instructions. UPDATE: The tenant in unit #1 is now in eviction status.

Listed by Todd Burton • Berkshire Hathaway Home
Listed by Derek Gendig • Berkshire Hathaway Home

Property Details for 5115 Banbury Road

Architectural Style

Traditional

Subdivision Name

Devington Acres

Township

Lawrence

Zoning

Residential

LISTING UPDATED: 01/13/2026 02:33 PM

Property Details for 5115 Banbury Road

Status	Active
MLS #	22072412
Days on Market	76
Taxes	$4,436 semi-annually
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Residential Income / Quadruplex
Year Built	1960
Lot Size	0.51 AC / 22,215 SF
County	Marion County

Location

Listing Courtesy of Berkshire Hathaway Home

Add your commute

Building Information for 5115 Banbury Road

Stories-Residences4Year Built1960Building Size-Lot Size0.51 AC / 22,215 SF

Payment Calculator

$2,591 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,852

Property Taxes

$739

HOA Dues

The Payment Calculator is for illustrative purposes only.

Property Information for 5115 Banbury Road

Summary

Location and General Information

City: Indianapolis
County Or Parish: Marion

Directions: GPS Friendly
Postal Code: 46226
Postal Code Plus4: 2458
Road Access: Not Applic
State Or Province: IN

Taxes and HOA Information

Parcel Number: 490711102052000401
Semi Annual Property Tax Amt: 4436

Tax Exemption: None
Tax Year: 2024
TaxLot: 490711102052000401

School Information

School District: Indianapolis Public Schools

Property

Lot Information

Acreage: 1/2-1 Acre
Current Use: Residential

Lot Size Square Feet: 21998.0
Lot Size Acres: 0.51
New Construction: False
Structure Type: Quadruplex
Year Built Numeric: 1960
Living Area Source: Assessor

Property and Assessments

Affected by Disclosures: No
Conversion: No

DPRYN: Yes
Legal Subdivision: Devington Acres 2nd Sec 0.505Ac Tract 102
Photos Count: 19
Property Sub Type: Quadruplex
Property Type: Residential Income
Transaction Type: Sale

Utilities

Solid Waste: No

Interior and Exterior Features

Interior Features

Basement Description: Unfinished
Basement YN: Yes

Multi Family

Multi-Family Information

Total Units: 4
Garage Parking: Parking Lot

Income & Expenses

Expenses: 0
Gross Income: $2,200.00

Unit 1

Unit Kitchen: 13x12
Unit Levels: 1

Unit Rent Frequency: Monthly
Unit Type Type: 2 Bedroom

Unit 2

Unit Kitchen: 13x12
Unit Levels: 2

Unit Rent Frequency: Monthly
Unit Type Type: 2 Bedroom

Property History for 5115 Banbury Road

Date	Event & Source	Price	Appreciation
Jan 6, 2026	Price Change MIBORMLS #22072412	$399,999	—
Dec 5, 2025	Price Change MIBORMLS #22072412	$429,999	—
Nov 5, 2025	Listed (Active) MIBORMLS #22072412	$439,999	—
Oct 20, 2023	Sold MIBORMLS #21940472	$433,000	—
Oct 13, 2023	Sold (Public Record) Public Record #1521819890	$432,000	—
Oct 13, 2023	Sold (Public Record) Public Record #1521973634	$432,000	—
Oct 13, 2023	Sold (Public Record) Public Record #1522076543	$432,000	+29.1% / yr
Sep 11, 2023	Pending MIBORMLS #21940472		—
Aug 28, 2023	Listed (Active) MIBORMLS #21940472	$435,000	—
Feb 24, 2021	Sold (Public Record) Public Record #1512064588	$220,577	+20.8% / yr
Feb 24, 2021	Sold MIBORMLS #21756968	$220,577	—
Jan 4, 2021	Price Change MIBORMLS #21756968	$221,000	—
Jan 2, 2021	Pending MIBORMLS #21756968		—
Dec 31, 2020	Listed (Active) MIBORMLS #21756968	$195,000	—
Oct 23, 2019	Sold MIBORMLS #21661134	$549	—
Aug 9, 2019	Listed (Active) MIBORMLS #21661134	$599	—
Jun 10, 2015	Sold MIBORMLS #21336550	$75,000	—
Jun 9, 2015	Sold (Public Record) Public Record #550637384	$75,000	-9.5% / yr
Apr 21, 2015	Pending MIBORMLS #21336550		—
Feb 15, 2015	Listed (Active) MIBORMLS #21336550	$89,900	—
Apr 11, 2014	Expired MIBORMLS #21228326		—
Apr 23, 2013	Listed (Active) MIBORMLS #21228326	$160,000	—
Jan 11, 2013	Expired MIBORMLS #21196514		—
Sep 12, 2012	Listed (Active) MIBORMLS #21196514	$160,000	—
May 3, 2010	Expired MIBORMLS #2954535		—
Dec 2, 2009	Sold (Public Record) Public Record #283279868	$130,000	+181.4% / yr
Nov 3, 2009	Listed (Active) MIBORMLS #2954535	$160,000	—
Aug 14, 2009	Sold (Public Record) Public Record #277314713	$95,200	—
Aug 4, 2009	Sold MIBORMLS #2867025	$24,000	—
Jul 29, 2009	Sold (Public Record) Public Record #276870799	$22,500	-47.0% / yr
Jul 14, 2009	Pending MIBORMLS #2867025		—
Dec 8, 2008	Listed (Active) MIBORMLS #2867025	$64,000	—
Sep 26, 2008	Expired MIBORMLS #2818627		—
Mar 26, 2008	Listed (Active) MIBORMLS #2818627	$163,000	—
Apr 21, 2006	Sold (Public Record) Public Record #238707320	$180,000	—
Nov 14, 2005	Sold MIBORMLS #2536967	$120,250	—
Sep 18, 2005	Expired MIBORMLS #2453329		—
Sep 7, 2005	Pending MIBORMLS #2536967		—
Jun 14, 2005	Listed (Active) MIBORMLS #2536967	$119,900	—
Sep 18, 2004	Listed (Active) MIBORMLS #2453329	$174,900	—
Feb 26, 2004	Sold MIBORMLS #2338315	$175,000	—
Sep 16, 2003	Pending MIBORMLS #2338315		—
Jul 21, 2003	Listed (Active) MIBORMLS #2338315	$164,900	—

Date	Event & Source	Price
01/06/2026	Price Change MIBORMLS #22072412	$399,999
12/05/2025	Price Change MIBORMLS #22072412	$429,999
11/05/2025	Listed (Active) MIBORMLS #22072412	$439,999
10/20/2023	Sold MIBORMLS #21940472	$433,000
10/13/2023	Sold (Public Record) Public Record #1521819890	$432,000
10/13/2023	Sold (Public Record) Public Record #1521973634	$432,000
10/13/2023	Sold (Public Record) Public Record #1522076543	$432,000 +29.1% / yr
09/11/2023	Pending MIBORMLS #21940472	—
08/28/2023	Listed (Active) MIBORMLS #21940472	$435,000
02/24/2021	Sold (Public Record) Public Record #1512064588	$220,577 +20.8% / yr
02/24/2021	Sold MIBORMLS #21756968	$220,577
01/04/2021	Price Change MIBORMLS #21756968	$221,000
01/02/2021	Pending MIBORMLS #21756968	—
12/31/2020	Listed (Active) MIBORMLS #21756968	$195,000
10/23/2019	Sold MIBORMLS #21661134	$549
08/09/2019	Listed (Active) MIBORMLS #21661134	$599
06/10/2015	Sold MIBORMLS #21336550	$75,000
06/09/2015	Sold (Public Record) Public Record #550637384	$75,000 -9.5% / yr
04/21/2015	Pending MIBORMLS #21336550	—
02/15/2015	Listed (Active) MIBORMLS #21336550	$89,900
04/11/2014	Expired MIBORMLS #21228326	—
04/23/2013	Listed (Active) MIBORMLS #21228326	$160,000
01/11/2013	Expired MIBORMLS #21196514	—
09/12/2012	Listed (Active) MIBORMLS #21196514	$160,000
05/03/2010	Expired MIBORMLS #2954535	—
12/02/2009	Sold (Public Record) Public Record #283279868	$130,000 +181.4% / yr
11/03/2009	Listed (Active) MIBORMLS #2954535	$160,000
08/14/2009	Sold (Public Record) Public Record #277314713	$95,200
08/04/2009	Sold MIBORMLS #2867025	$24,000
07/29/2009	Sold (Public Record) Public Record #276870799	$22,500 -47.0% / yr
07/14/2009	Pending MIBORMLS #2867025	—
12/08/2008	Listed (Active) MIBORMLS #2867025	$64,000
09/26/2008	Expired MIBORMLS #2818627	—
03/26/2008	Listed (Active) MIBORMLS #2818627	$163,000
04/21/2006	Sold (Public Record) Public Record #238707320	$180,000
11/14/2005	Sold MIBORMLS #2536967	$120,250
09/18/2005	Expired MIBORMLS #2453329	—
09/07/2005	Pending MIBORMLS #2536967	—
06/14/2005	Listed (Active) MIBORMLS #2536967	$119,900
09/18/2004	Listed (Active) MIBORMLS #2453329	$174,900
02/26/2004	Sold MIBORMLS #2338315	$175,000
09/16/2003	Pending MIBORMLS #2338315	—
07/21/2003	Listed (Active) MIBORMLS #2338315	$164,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5115 Banbury Road

Taxable ValueLand$30,400Additions$338,700Total$369,100

Tax Record2024$8,759 ($730 / month)

Home Facts

Total Finished SqFt5,580 SqFtAbove Grade Finished SqFt5,580 SqFtStories2Lot Size21,998 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningZO01CountyMARIONAPN49-07-11-102-052.000-401

Schools near 5115 Banbury Road

This home is within Indianapolis Public Schools.


Rating	School	Type	Grades	Distance
3/10	Charles Warren Fairbanks School 105	Public - Serves this home	PK to 6	2.6 mi
3/10	Francis Scott Key School 103	Charter - Serves this home	PK to 6	3.4 mi
6/10	Louis B. Russell Jr. School 48	Charter - Serves this home	PK to 6	5.1 mi
3/10	Robert Lee Frost School 106	Public - Serves this home	PK to 6	0.6 mi
5/10	Arlington Community Middle School	Public - Serves this home	7 to 8	0.3 mi
1/10	Arsenal Technical High School	Public - Serves this home	9 to 12	6.2 mi
NR	St. Lawrence Catholic School	Private - Nearby school	PK to 8	0.8 mi


Rating	School	Distance
3/10	Charles Warren Fairbanks School 105 PublicPK to 6 Serves this home	2.6 mi
3/10	Francis Scott Key School 103 CharterPK to 6 Serves this home	3.4 mi
6/10	Louis B. Russell Jr. School 48 CharterPK to 6 Serves this home	5.1 mi
3/10	Robert Lee Frost School 106 PublicPK to 6 Serves this home	0.6 mi
5/10	Arlington Community Middle School Public7 to 8 Serves this home	0.3 mi
1/10	Arsenal Technical High School Public9 to 12 Serves this home	6.2 mi
NR	St. Lawrence Catholic School PrivatePK to 8 Nearby school	0.8 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5115 Banbury Road, Indianapolis, IN 46226

5115 Banbury Road is a multi-family home for sale in Indianapolis, IN 46226. This property was listed for sale on November 5, 2025 by Berkshire Hathaway Home, it's currently listed at $379,999. It has been on the market for a total of 76 days and was last sold on October 20, 2023. This listing's school district is Indianapolis Public Schools. Nearby schools include Charles Warren Fairbanks School 105, Francis Scott Key School 103 and Louis B. Russell Jr. School 48. 5115 Banbury Road is a 0-bed, 0-bath, multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway Home

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/21/2026 01:01 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.

5115 Banbury RdIndianapolis, IN 46226

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More information about 5115 Banbury Road, Indianapolis, IN 46226

5115 Banbury Rd
Indianapolis, IN 46226