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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 5111 Ralston Avenue in Bellaire, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

Unbelievable opportunity in SoBro within biking distance to the Monon. Check out this 3 bedroom/1 bath featuring hardwood floors throughout and updated kitchen & bath. The 3rd bedroom is 23x12 and is a private upstairs retreat! Enter the basement through exterior side door leading to completely updated efficiency apartment with own bathroom, kitchen with center island, living room and laundry area. We're not stopping there... A must see separate 3 bedroom 1 bath carriage house in back of property offering it's own laundry connection, bedroom with screened in balcony, updated kitchen and bath as well!! Why not live in one unit and receive income on the other 2 units!! Tenants are on a month to month lease & will continue renting if you like. All kitchens and baths have been completely remodeled for you. Conveniently located near the Monon, Jazz Kitchen, Half Liter and Mama Corolla's. Enjoy this luxury set up all to yourself or become an investor! Either way your summer just got better with this ideal set up and short bike rides on the trail to dinner & concerts in Broad Ripple!

Listed by Shawnna West· F.C. Tucker Company· MLS# 22085444
Recently SoldSold in 10 days

$400,000

7Beds
3Baths
2,896Sq Ft

Unbelievable opportunity in SoBro within biking distance to the Monon. Check out this 3 bedroom/1 bath featuring hardwood floors throughout and updated kitchen & bath. The 3rd bedroom is 23x12 and is a private upstairs retreat! Enter the basement through exterior side door leading to completely upda...

Listed by Shawnna West· F.C. Tucker Company· MLS# MBR22085444

2,896

Sq Ft

1940

Year Built

7

Bedrooms

3

Bathrooms

Key things to know

  • Sold 5.0% below list in 10 days
  • Finished basement (420 sqft)
  • Bellaire subdivision

Sold

$380,000

-$20,000 below list (-5.0%)

Closed
Apr 22, 2026
Listed at
$400,000
Sold
3 weeks ago
Sold in
10 days

Price history

  1. Sold$380,000

    Apr 22, 2026

  2. Listedat $400,000

    Mar 2, 2026

Sold
31
Median price
$225,000
Median DOM
24 days

Recent comparable sales

FEATURES & AMENITIES

Interior

Breakfast BarCathedral Ceiling(s)Kitchen IslandHardwood FloorsIn-Law ArrangementEat-in KitchenPantry

Exterior

Carriage/Guest House

Climate

Heat: Forced AirCool: Central Air

THE FACTS

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

Price history

  • $400,000Listed· Mar 2, 2026

10 days on market

Layout

Main
329 rooms2,200 sq ft
Upper
33 rooms276 sq ft
Basement
113 rooms420 sq ft finished

Primary suite

Deck,Sitting Room

Schools

Indianapolis Public Schools

    Neighborhood

    • Downtown Indianapolis5.5 mi
    • Monon Trail (Carmel)7.8 mi
    • Carmel Central Park8.4 mi
    • Carmel High School8.5 mi
    • IU Health North Hospital8.7 mi
    • Carmel Arts & Design District9.2 mi

    PROPERTY DETAILS

    Living Area

    2,896 sq ft

    Year Built

    1940

    Stories

    Two

    Subdivision

    Bellaire

    Bedrooms

    7

    Bathrooms

    3 full

    School District

    Indianapolis Public Schools

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