$125,000
Bedrooms
4
Baths
2
Sq. Feet
1090
Year Built
1979
Days on Market
$/SqFt
$115
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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.
Available now at $125,000
Approximate Room Sizes / Descriptions
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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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).
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