7338 5 Points Rd

$600,000
Price
3
Beds
2,542 Sq. Ft.
$236 / Sq. Ft.
2,542
Sq. Ft.
$236
per Sq. Ft.

Description

Commercial Opportunity: This property encompasses 5.8 acres located at the intersection of Shelbyville Road and Five Points Road. It features a recently updated three-bedroom bungalow, complemented by a sizable detached garage measuring 20 by 32 feet and an above-ground swimming pool. This site presents an excellent opportunity for the development of multi-family units, with the potential for subdividing into five parcels of one acre each. Previous plans for a small gated community are available...Commercial Opportunity: This property encompasses 5.8 acres located at the intersection of Shelbyville Road and Five Points Road. It features a recently updated three-bedroom bungalow, complemented by a sizable detached garage measuring 20 by 32 feet and an above-ground swimming pool. This site presents an excellent opportunity for the development of multi-family units, with the potential for subdividing into five parcels of one acre each. Previous plans for a small gated community are available upon request. The property allows for the construction of additional homes. This well-maintained real estate asset includes two parcels situated at the corner of Five Points Road and Shelbyville Road, boasting approximately 800 feet of road frontage.
  1. Listed by Tina Sharma • Midland Realty Group, Inc.

Property Details for 7338 5 Points Road

Architectural Style
Ranch
Subdivision Name
Franklin Cove
Township
Franklin
LISTING UPDATED: 10/14/2025 06:34 PM

Property Details for 7338 5 Points Road

StatusActive
MLS #22064732
Days on Market97
Taxes$282 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1926
Lot Size5.80 AC / 252,648 SF
CountyMarion County

Location

Listing Courtesy of Midland Realty Group, Inc.
Add your commute

Building Information for 7338 5 Points Road

Stories-Year Built1926Building Size-Lot Size5.80 AC / 252,648 SF

Payment Calculator

$3,012 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,965

Property Taxes

$47

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7338 5 Points Road

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46259
  • Postal Code Plus4: 6708
  • State Or Province: IN
  • View: Trees/Woods
  • View: Yes
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 491514125021000300
  • Semi Annual Property Tax Amt: 282
  • Tax Year: 2024
  • TaxLot: 3001317
School Information
  • Elementary School: Bunker Hill Elementary School
  • Middle Or Junior School: Franklin Central Junior High
  • School District: Franklin Township Com Sch Corp
Parking
  • Garage YN: Yes
  • Garage Spaces: 3.0
Property
Lot Information
  • Acreage: 5-10 Acres
  • Lot Description: Corner Lot, Not In Subdivision, Mature Trees
  • Lot Size Acres: 5.8
  • Main Level SqFt: 1520
  • New Construction: False
  • Living SqFt: 0.0
  • Sqft Total: 1520.0
  • Sq Ft Total: 2542.0
  • Year Built Numeric: 1926
  • Below Grade Finished Area: 0.0
  • Living Area Source: Broker
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: Yes
  • Legal Subdivision: Pt Ne1/4 S14 T14 R4 Beg 894' N & 258.84' W Of Se Cor P.O.B. S241.44' W321.16' Ne698.80' Se440' S95.14' W258.84' To Beg
  • Photos Count: 10
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
  • Property Condition: Updated/Remodeled
Utilities
  • Solid Waste: No
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Storage Shed
  • Foundation Details: Concrete Perimeter
  • Horse Amenities: None
  • Fencing: Partial
Interior Features
  • Accessibility Features: No
  • Appliances: Range Hood, Electric Cooktop, Exhaust Fan, Refrigerator, Dishwasher
  • Basement Description: Unfinished
  • Basement YN: Yes
  • Cooling: Central Air
  • Eating Area: Dining Combo/Family Room
  • Heating: Forced Air, Natural Gas
  • Interior Features: Built-in Features, Hardwood Floors
  • Levels: One
  • Room List: Sun Room, Living Room, Kitchen, Primary Bedroom, Bedroom 2, Bedroom 3
  • Room and Features: Sun Room-Main, Living Room-Main, Kitchen-Main, Primary Bedroom-Main, Bedroom 2-Main, Bedroom 3-Main
  • Main Level Bedrooms: 3
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 6
  • Rooms Total MU: 6
  • Total Rooms: 6
Room 1
  • Room Level: Main
  • Room Dimensions: 19'11x 6'4
  • Room Type: Sun Room
Room 2
  • Room Level: Main
  • Room Dimensions: 25'3 x 11'9
  • Room Type: Living Room
Room 3
  • Room Level: Main
  • Room Dimensions: 11'4 x 9'6
  • Room Type: Kitchen
Room 4
  • Room Level: Main
  • Room Dimensions: 10'11 x 9'6
  • Room Type: Primary Bedroom
Room 5
  • Room Level: Main
  • Room Dimensions: 10'11 x 11'9
  • Room Type: Bedroom 2
Room 6
  • Room Level: Main
  • Room Dimensions: 13'7 x 8'8
  • Room Type: Bedroom 3
Bathrooms
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Count: 2
  • Full Baths Basement: 0
  • Full Baths Main: 1
  • Full Baths MU: 1
  • Full Baths Upper: 0
  • Half Baths Basement: 0
  • Half Baths Main: 1
  • Half Baths MU: 1
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 3
  • Bedrooms MU: 3
  • Bedrooms Total: 3

Property History for 7338 5 Points Road

DateEvent & SourcePriceAppreciation
Sep 24, 2025

Listed (Active)

MIBORMLS #22064732

$600,000—
Jul 8, 2025

Expired

MIBORMLS #22001693

—
Jul 8, 2025

Withdrawn

MIBORMLS #22001693

—
Oct 14, 2024

Pending

MIBORMLS #22001693

—
Sep 14, 2024

Listed (Active)

MIBORMLS #22001693

$600,000—
Nov 15, 2023

Expired

MIBORMLS #21934132

—
Nov 15, 2023

Expired

MIBORMLS #21923160

—
Nov 15, 2023

Withdrawn

MIBORMLS #21934132

—
Nov 15, 2023

Withdrawn

MIBORMLS #21923160

—
Jul 25, 2023

Listed (Active)

MIBORMLS #21934132

$595,000—
May 25, 2023

Listed (Active)

MIBORMLS #21923160

$595,000—
Oct 6, 2017

Expired

MIBORMLS #21514485

—
Sep 26, 2017

Listed (Active)

MIBORMLS #21514485

$250,000—
Dec 22, 2014

Sold

MIBORMLS #21320007

$165,000—
Nov 30, 2014

Pending

MIBORMLS #21320007

—
Oct 11, 2014

Listed (Active)

MIBORMLS #21320007

$189,900—
Sep 30, 2014

Expired

MIBORMLS #21253441

—
Aug 29, 2013

Listed (Active)

MIBORMLS #21253441

$250,000—
DateEvent & SourcePrice
09/24/2025

Listed (Active)

MIBORMLS #22064732

$600,000
07/08/2025

Expired

MIBORMLS #22001693

—
07/08/2025

Withdrawn

MIBORMLS #22001693

—
10/14/2024

Pending

MIBORMLS #22001693

—
09/14/2024

Listed (Active)

MIBORMLS #22001693

$600,000
11/15/2023

Expired

MIBORMLS #21934132

—
11/15/2023

Expired

MIBORMLS #21923160

—
11/15/2023

Withdrawn

MIBORMLS #21934132

—
11/15/2023

Withdrawn

MIBORMLS #21923160

—
07/25/2023

Listed (Active)

MIBORMLS #21934132

$595,000
05/25/2023

Listed (Active)

MIBORMLS #21923160

$595,000
10/06/2017

Expired

MIBORMLS #21514485

—
09/26/2017

Listed (Active)

MIBORMLS #21514485

$250,000
12/22/2014

Sold

MIBORMLS #21320007

$165,000
11/30/2014

Pending

MIBORMLS #21320007

—
10/11/2014

Listed (Active)

MIBORMLS #21320007

$189,900
09/30/2014

Expired

MIBORMLS #21253441

—
08/29/2013

Listed (Active)

MIBORMLS #21253441

$250,000

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

Public Records for 7338 5 Points Road

Taxable ValueLand$33,200Additions$201,200Total$234,400
Tax Record2024$2,377 ($198 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,034 SqFtAbove Grade Finished SqFt1,034 SqFtStories1Lot Size61,942 SqFtStyleSingle Family ResidenceYear Built1926Year Renovated1990ZoningZO01CountyMARIONAPN49-15-14-125-022.000-300

Schools near 7338 5 Points Road

This home is within Franklin Township Com Sch Corp.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 7 to 8
Public - 9 to 12
Public - K to 3
Rating
School
Distance
Bunker Hill Elementary School
PublicK to 3

Franklin Central Junior High
Public7 to 8

Franklin Central High School
Public9 to 12

Mary Adams Elementary School
PublicK to 3

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.

Similar Homes

Similar Sold Homes

7338 5 Points Road is a single family home for sale in Indianapolis, IN 46259. This property was listed for sale on September 24, 2025 by Midland Realty Group, Inc., it's currently listed at $600,000. It has been on the market for a total of 97 days and was last sold on December 22, 2014. This listing's school district is Franklin Township Com Sch Corp. Nearby schools include Bunker Hill Elementary School, Franklin Central Junior High and Franklin Central High School. 7338 5 Points Road is a 3-bed, 2-bath, 2,542 sqft single family home built in 1926.

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 Midland Realty Group, Inc.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/30/2025 10:22 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.