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(317) 213-5034

5601 Milhouse Rd, Indianapolis, IN 46221

$125,000

Charming single-story home featuring a well-maintained lawn and a welcoming facade on a sunny day at 5601 Milhouse Rd, Indianapolis, IN 46221
  • Bedrooms

    4

  • Baths

    2

  • Sq. Feet

    1090

  • Year Built

    1979

  • Days on Market

    2

  • $/SqFt

    $115

10 Photos

  • Charming single-story home featuring a well-maintained lawn and a welcoming facade on a sunny day at 5601 Milhouse Rd, Indianapolis, IN 46221
  • Single story brick home with attached garage featuring a well maintained lawn at 5601 Milhouse Rd, Indianapolis, IN 46221
  • Cozy living room featuring a unique wagon wheel chandelier and ample natural light at 5601 Milhouse Rd, Indianapolis, IN 46221
  • Spacious living room with rustic chandelier and a large window allowing for plenty of natural light at 5601 Milhouse Rd, Indianapolis, IN 46221
  • View of a kitchen with laminate flooring and ample natural light at 5601 Milhouse Rd, Indianapolis, IN 46221
  • Bedroom featuring hardwood furniture, a ceiling fan, and a plush, comfortable bed at 5601 Milhouse Rd, Indianapolis, IN 46221
  • Bathroom with a shower-tub combo with gold framed sliding doors at 5601 Milhouse Rd, Indianapolis, IN 46221
  • Spacious unfinished basement providing ample storage and customization possibilities at 5601 Milhouse Rd, Indianapolis, IN 46221
  • Bedroom with a bed and a window letting in natural light at 5601 Milhouse Rd, Indianapolis, IN 46221
  • Backyard featuring a detached garage and ample space for outdoor activities at 5601 Milhouse Rd, Indianapolis, IN 46221
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Home Description

Instant equity is yours with your new home at 5601 Milhouse Rd. This 4 bedroom, 1 1/2 bath home is a great investment for the first time buyer or investor willing to put some elbow grease into a project that will pay big dividends. Make no mistake, this home needs significant cosmetic work, but it is livable now and all the heavy mechanical work is done. Within the past two years owner has replaced the roof, the HVAC, all the ductwork, and water heater. There are also new toilets and faucets in bathrooms which are both in good shape. This is a great spot for a home based business with a 24' x 24' outbuilding with ahigh door, as well as a 12'x 24' extension for additional storage or work area. The home also features a privacy fence around the back yard. The one car garage attached to the home was converted to the 4th bedroom but can be converted back to garage if desired. Garage door still operates and is used for additional storage.

  • Property Type: Single Family
  • Style: Ranch
  • Garage Spaces: 3
  • Acres: 1/4-1/2 Acre
  • Lot Description: Sidewalks
  • Siding: Brick,Vinyl With Brick
  • Fencing: Fence Full Rear,Gate,Privacy

Available now at $125,000

Approximate Room Sizes / Descriptions

Living Room12x15Main
Kitchen17x9Main
Primary Bedroom12x12Main
Bedroom 211x9Main
Bedroom 311x10Main
Bedroom 412x11Main
  • Areas: Laundry in Unit
  • Interior Description: Attic Access,Eat-in Kitchen,Vaulted Ceiling(s)
  • Full Baths: 1
  • Half Baths: 1
  • Num Fireplaces: 0
  • Appliances: Microwave
  • Eating Area: Dining Combo/Kitchen
  • Heating: Forced Air,Natural Gas
  • Utilities: Cable Available,Electricity Connected,Water Connected
  • : ghillman@callcarpenter.com

Neighborhood

The average asking price of a 4 bedroom Indianapolis home in this zip code is $287,725 (130.2% more than this home).

This home is priced at $115/sqft, which is 35.2% less than similar homes in the 46221 zip code.

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School Information

  • School District:MSD Decatur Township

Financial

  • Approx Payment:$621*
  • Semi Annual Taxes:$2,112

Area Stats

These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (317) 213-5034 and speak with one of our real estate consultants.

Listing Courtesy of Carpenter, REALTORS®. For information or to schedule a viewing of this property (MLS# 22039485), call: 317-213-5034

5601 Milhouse Rd, Indianapolis IN is a single family home of 1090 sqft and is currently priced at $125,000 . This single family home has 4 bedrooms. A comparable home for sale at 6420 Greenspire Pl in Indianapolis is listed at $334,900. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Indianapolis, IN. John S Spann, Jamesons Belmont and Mars Hill are nearby neighborhoods. MLS 22039485 has been posted on this site since 5/20/2025 (today).

2025

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