Sheldon Barnes
For Sale — 5168 Caroline Avenue, Indianapolis, IN 462055168 Caroline Avenue
Indianapolis, Indiana 46205
Lomax
3
Beds
1
Baths
850
Sq Ft
1951
Year Built
0.15
Acres
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ABOUT THIS HOME
Welcome to this beautifully updated 3-bedroom, 1-bath bungalow in the heart of SoBro. This property has been completely renovated from top to bottom -new EVERYTHING - offering true peace of mind for its next owner. With thoughtful updates throughout and a fresh, modern feel, this home is truly move-in ready. Enjoy an unbeatable location just minutes from dining, shopping, entertainment, downtown Indianapolis, and all the city has to offer. A rare opportunity to own a fully updated home in one of Indy's most desirable neighborhoods.
Key things to know
- Complete renovation with new systems
- Walkable sobro neighborhood location
- Move-in ready
- Eat-in kitchen
- Central air and forced air heat
Monthly payment
Estimate · $210,000
$1,187/mo
≈ $1,118 principal & interest · $70 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $42,000 on a loan of $168,000.
Price history
- Price reduced$235,000 → $210,000
Apr 16, 2026
- Listedat $260,000
Jan 22, 2026
Recent comparable sales
$215,000
4827 Brouse Avenue
2bd · 1ba · 1,075 sqft
Sold May 2026
$141,500
4438 Norwaldo Avenue
3bd · 1ba · 906 sqft
Sold May 2026
$265,000
4322 Carrollton Avenue
2bd · 1ba · 1,104 sqft
Sold May 2026
$183,000
4361 Kingsley Drive
3bd · 1ba · 855 sqft
Sold May 2026
$171,000
4389 N Olney Street
2bd · 1ba · 780 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 15% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$260,000Listed· Jan 22, 2026
$210,000Reduced
↓ $50,000 (19.2% off original)
101 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis5.7 mi
- Monon Trail (Carmel)7.7 mi
- Carmel High School8.4 mi
- Carmel Central Park8.4 mi
- IU Health North Hospital8.5 mi
- Carmel Arts & Design District9.0 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
850 sq ft
Year Built
1951
Stories
One
Subdivision
Lomax
Bedrooms
3
Bathrooms
1 full
Garage
1 spaces
School District
Indianapolis Public Schools