5131 Ralston Ave

Indianapolis, IN 46205

$180,000
Price
2
Beds
1,240 Sq. Ft.
$145 / Sq. Ft.
1,240
Sq. Ft.
$145
per Sq. Ft.

Description

Welcome to the heart of SoBro, where local coffee shops, and the Monon Trail are just steps away. This classic 2-bedroom, 1-bath bungalow is bursting with character and offers the perfect blend of charm and opportunity. Inside, you'll find a living space ready for your own touches and a functional layout anchored by a spacious basement with plenty of storage. The inviting covered and screened-in porch is ideal for morning coffee, while the fully fenced backyard creates the perfect setting for pets,...Welcome to the heart of SoBro, where local coffee shops, and the Monon Trail are just steps away. This classic 2-bedroom, 1-bath bungalow is bursting with character and offers the perfect blend of charm and opportunity. Inside, you'll find a living space ready for your own touches and a functional layout anchored by a spacious basement with plenty of storage. The inviting covered and screened-in porch is ideal for morning coffee, while the fully fenced backyard creates the perfect setting for pets, entertaining, or summer evenings under the stars. Built with timeless craftsmanship, this home retains the SoBro character buyers love while giving you the chance to add your personal style and updates. With unbeatable access to shops, restaurants, breweries, and all the best that SoBro has to offer, the lifestyle here is every bit as appealing as the home itself. Don't miss your chance to own a slice of SoBro-schedule your showing today and see why this one is a true neighborhood gem!
  1. Listed by Craig Deboor • Real Broker, LLC
  2. Listed by Joel Clausen • Real Broker, LLC

Property Details for 5131 Ralston Avenue

Architectural Style
Bungalow, Traditional
Subdivision Name
Bellaire
Township
Washington
LISTING UPDATED: 11/13/2025 02:48 PM

Property Details for 5131 Ralston Avenue

StatusActive
MLS #22059215
Days on Market118
Taxes$667 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1930
Lot Size0.13 AC / 5,662 SF
CountyMarion County

Location

Listing Courtesy of Real Broker, LLC
Add your commute

Building Information for 5131 Ralston Avenue

Stories-Year Built1930Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$1,001 per month

30 year fixed, 6.28% Interest

Principal and Interest

$889

Property Taxes

$111

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5131 Ralston Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46205
  • Postal Code Plus4: 1347
  • State Or Province: IN
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 490707139038000801
  • Semi Annual Property Tax Amt: 667
  • Tax Exemption: Homestead Tax Exemption
  • Tax Year: 2024
  • TaxLot: 490707139038000801
School Information
  • School District: Indianapolis Public Schools
Parking
  • Garage YN: No
  • Garage Spaces: 0.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Lot Size Square Feet: 5706.0
  • Lot Size Acres: 0.13
  • Main Level SqFt: 827
  • New Construction: False
  • Living SqFt: 0.0
  • Sqft Total: 827.0
  • Sq Ft Total: 1240.0
  • Year Built Numeric: 1930
  • Below Grade Finished Area: 0.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: Yes
Utilities
  • Solid Waste: Yes
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Other
  • Foundation Details: Brick/Mortar, Crawl Space
  • Horse Amenities: None
Interior Features
  • Accessibility Features: No
  • Appliances: Electric Oven, Refrigerator
  • Basement YN: Yes
  • Cooling: Central Air
  • Eating Area: Dining Combo/Living Room
  • Fireplaces Total: 0
  • Heating: Forced Air
  • Interior Features: Hi-Speed Internet Availbl
  • Levels: One
  • Room List: Living Room, Dining Room, Kitchen, Bonus Room, Primary Bedroom, Bedroom 2
  • Room and Features: Living Room-Main, Dining Room-Main, Kitchen-Main, Bonus Room-Main, Primary Bedroom-Main, Bedroom 2-Main
  • Main Level Bedrooms: 2
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 5
  • Rooms Total MU: 5
  • Total Rooms: 5
Room 1
  • Room Level: Main
  • Room Dimensions: 11'4 x 13'9
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Dimensions: 12'11 x 9'10
  • Room Type: Dining Room
Room 3
  • Room Level: Main
  • Room Dimensions: 11'4 x 7'11
  • Room Type: Kitchen
Room 4
  • Room Level: Main
  • Room Dimensions: 15'6 x 7'6
  • Room Type: Bonus Room
Room 5
  • Room Level: Main
  • Room Dimensions: 11'5 x 10'0
  • Room Type: Primary Bedroom
Room 6
  • Room Level: Main
  • Room Dimensions: 11'5 x 9'11
  • Room Type: Bedroom 2
Bathrooms
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Count: 1
  • Full Baths Basement: 0
  • Full Baths Main: 1
  • Full Baths MU: 1
  • Full Baths Upper: 0
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 2
  • Bedrooms MU: 2
  • Bedrooms Total: 2

Property History for 5131 Ralston Avenue

DateEvent & SourcePriceAppreciation
Nov 10, 2025

Price Change

MIBORMLS #22059215

$180,000—
Oct 13, 2025

Price Change

MIBORMLS #22059215

$190,000—
Aug 29, 2025

Listed (Active)

MIBORMLS #22059215

$200,000—
DateEvent & SourcePrice
11/10/2025

Price Change

MIBORMLS #22059215

$180,000
10/13/2025

Price Change

MIBORMLS #22059215

$190,000
08/29/2025

Listed (Active)

MIBORMLS #22059215

$200,000

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

Public Records for 5131 Ralston Avenue

Taxable ValueLand$28,200Additions$98,900Total$127,100
Tax Record2024$1,335 ($111 / month)
Home Facts
Beds2Total Finished SqFt827 SqFtAbove Grade Finished SqFt827 SqFtStories1Lot Size5,706 SqFtStyleSingle Family ResidenceYear Built1930Year Renovated1952CountyMARIONAPN49-07-07-139-038.000-801

Schools near 5131 Ralston Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Louis B. Russell Jr. School 48
Charter - PK to 6
Robert Lee Frost School 106
Public - PK to 6
Charles Warren Fairbanks School 105
Public - PK to 6
James Whitcomb Riley School 43
Public - PK to 8
Rating
School
Distance
Louis B. Russell Jr. School 48
CharterPK to 6

Robert Lee Frost School 106
PublicPK to 6

Charles Warren Fairbanks School 105
PublicPK to 6

James Whitcomb Riley School 43
PublicPK to 8

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 5131 Ralston Avenue, Indianapolis, IN 46205

5131 Ralston Avenue is a single family home for sale in Indianapolis, IN 46205. This property was listed for sale on August 29, 2025 by Real Broker, LLC, it's currently listed at $180,000. This listing's school district is Indianapolis Public Schools. Nearby schools include Louis B. Russell Jr. School 48, Robert Lee Frost School 106 and Charles Warren Fairbanks School 105. 5131 Ralston Avenue is a 2-bed, 1-bath, 1,240 sqft single family home built in 1930.

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 Real Broker, LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/25/2025 01:55 AM. 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.