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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Beech Grove, Indiana and the rest of Hamilton County. Book a private tour of 142 S 5th Avenue in Beech Grove, ask any question about this home, or talk through what you should know about buying in Beech Grove.

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ABOUT THIS HOME

Rare Opportunity: Move-in Ready Home with Income Potential! This charming 2BR/1BA residence in Beech Grove offers much more than meets the eye. Inside, enjoy updated flooring and light-filled living spaces that feel fresh and modern. * The true value-add is the fully converted detached apartment. This versatile space provides an immediate solution for a private home office or a high-demand rental unit to help offset your mortgage. * Both units are fully furnished and have been used as mid-term rentals for travelling professionals at a combined market rent of $3,200/month ($1,850 front / $1,350 back) The roof was replaced 2024; appliances are updated; and both units are vacant and ready Situated near local amenities and parks, this property combines the character of a classic home with the flexibility of a multi-functional estate.

Listed by Gloria Gear· Keller Williams Indy Metro S· MLS# 22093633
Pending21 days on market

$275,000

3Beds
2.1Baths
1,176Sq Ft

Rare Opportunity: Move-in Ready Home with Income Potential! This charming 2BR/1BA residence in Beech Grove offers much more than meets the eye. Inside, enjoy updated flooring and light-filled living spaces that feel fresh and modern. * The true value-add is the fully converted detached apartment....

Listed by Gloria Gear· Keller Williams Indy Metro S· MLS# MBR22093633

1,176

Sq Ft

1928

Year Built

3

Bedrooms

2.1

Bathrooms

Key things to know

  • Detached apartment rented at $1,350/month
  • Main unit rented at $1,850/month
  • Roof replaced 2024
  • Updated appliances and flooring
  • Both units furnished and turnkey

Browse by room

13 rooms · 50 photos

Price history

  1. PendingAccepted offer

    May 11, 2026

  2. Listedat $275,000

    Apr 21, 2026

Sold
32
Median price
$180,000
Median DOM
45 days

Comparative value

5 comps in this range

This home is 62% above median for similar nearby sales.

$130K$230KMedian $170K
$275K

FEATURES & AMENITIES

Interior

Attic Access

Climate

Heat: Forced AirHeat: Natural GasCool: Central Air

THE FACTS

Pricing trajectory, room-by-room layout, schools, and what's nearby.

Price history

  • $275,000Listed· Apr 21, 2026

21 days on market

Layout

Main
32.18 rooms1,176 sq ft
Basement
2 rooms

Schools

Beech Grove City Schools

  • Elementary

    Hornet Park Elementary School

  • Middle

    Beech Grove Middle School

  • High

    Beech Grove Sr High School

Neighborhood

  • Downtown Indianapolis5.1 mi
  • Monon Trail (Carmel)16.7 mi
  • IU Health North Hospital16.8 mi
  • Carmel High School17.3 mi
  • Carmel Central Park17.5 mi
  • Fishers High School17.6 mi

PROPERTY DETAILS

Living Area

1,176 sq ft

Year Built

1928

Stories

One

Subdivision

Beech Grove

Bedrooms

3

Bathrooms

2 full, 1 half

Garage

1 spaces

School District

Beech Grove City Schools

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