554 N Oakland Avenue, Indianapolis, IN 46201 (MLS # 22094651)

Price $269,500
Status Active
Beds 4
Baths 2 Baths
Home size 1,860 sqft
Lot Size 4,792 sqft
Days on Market 3
554 N Oakland Ave, Indianapolis, IN 46201 - 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 the biking and 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 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!
Property Type(s): Single Family
Last Updated 4/10/2026 Tract Phelans Sub Langs E Mich
Year Built 1920 Community 4910 - Marion - Center
County Marion

SCHOOLS

Elementary School Thomas D Gregg School 15

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Electric Oven, Electric Water Heater, Microwave, Refrigerator
AREA 4910 - Marion - Center
BASEMENT Partial, Storage Space, Sump Pump, Unfinished, Yes
CONSTRUCTION Vinyl Siding
EXTERIOR Fire Pit
FIREPLACE Yes
HEAT Electric, Forced Air
INTERIOR Walk-in Closet(s)
LOT 4792 sq ft
PARKING Alley Access, Gravel, Gated, Guest
STORIES Two, One and One Half
STYLE Traditional
SUBDIVISION Phelans Sub Langs E Mich
UTILITIES Natural Gas Available
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public

Location

 

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