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$259,500554 N Oakland Avenue
Sheldon Barnes
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For Sale12 days on market

554 N Oakland Avenue

Indianapolis, Indiana 46201

Phelans Sub Langs E Mich

$259,500

$269,500

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4

Beds

2

Baths

1,860

Sq Ft

1920

Year Built

0.11

Acres

Sheldon Barnes, Carmel Realtor

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Sheldon Barnes can help you tour 554 N Oakland Avenue

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 554 N Oakland Avenue in Phelans Sub Langs E Mich, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

554 N Oakland Ave, Indianapolis, IN 46201 - This 1,844 sq ft traditional home delivers the flexibility, smart updates, and location that growing families and savvy investors have been waiting for. With 4 bedrooms (2 on each floor) and a full bath on both levels, the layout works beautifully for multigenerational living, work-from-home setups, or short-term rental income - AirBnB potential is real here. An additional 661 sq ft of dry, unfinished basement adds serious storage and utility space. Major systems have all been updated within the last 6 years, including the roof, HVAC, and water heater, so you can move in with confidence and no surprise expenses. Thoughtful energy upgrades set this home apart: foam insulation fills every wall cavity and the basement, with blown-in insulation in the attic - all contributing to an impressively low electric bill averaging just about $260/month for an ALL electric home! New vinyl plank flooring runs throughout the first floor, giving the main level a clean, updated feel from the moment you walk in. Step outside to a fenced front yard and a covered front porch, perfect for morning coffee, then head to the backyard retreat, enclosed by a privacy fence, featuring a low-maintenance patio and fire pit, ideal for entertaining without the upkeep. Two secure, gated-off-street parking spots, plus a storage shed, round out the package. Location is a standout: just 2 miles from downtown Indianapolis, 23 minutes from the airport, and steps from the Monon, Pogue's Run, and Pennsy trails for the biking and outdoor lifestyle. Brookside, Ellenberger, Christian Park, and Whitewater State Park are all nearby, along with Irvington, Fountain Square, Mass Ave, the State Fairgrounds, the Indianapolis Zoo, and major sports venues. Stainless kitchen appliances - refrigerator, dishwasher, electric range, and microwave hood are all included. Space, systems, savings, and one of Indianapolis's most connected eastside locations. This one checks every box!

Listed by Jim Abner· eXp Realty, LLC· MLS# 22094651

Key things to know

  • 4 bed / 2 full bath with flexible layout (2 bedrooms per floor)
  • Major systems updated within 6 years: roof, hvac, water heater
  • Energy-efficient: foam and blown-in insulation, ~$260/month electric bills
  • Fenced yard with patio and fire pit
  • 2 off-street parking spots, storage shed, unfinished basement (661 sq ft)

Browse by room

15 rooms · 58 photos

Monthly payment

Estimate · $259,500

$1,567/mo

≈ $1,381 principal & interest · $186 tax

Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $51,900 on a loan of $207,600.

Price history

  1. Price reduced$269,500 → $259,500

    Apr 21, 2026

  2. Listedat $269,500

    Apr 10, 2026

Recent comparable sales

Comparative value

5 comps in this range

This home is right at the median for similar nearby sales.

$205K$405KMedian $260K
$260K

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

Walk-In Closet(s)

Exterior

Fire PitStorage Shed

Climate

Heat: Forced AirHeat: ElectricCool: Central Air

THE FACTS

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

Price history

  • $269,500Listed· Apr 10, 2026

  • $259,500Reduced

    ↓ $10,000 (3.7% off original)

12 days on market

Layout

Main
216 rooms1,244 sq ft
Upper
212 rooms616 sq ft
Basement
1 rooms

Primary suite

Closet Walk in

Schools

Indianapolis Public Schools

  • Elementary

    Thomas D Gregg School 15

Neighborhood

  • Downtown Indianapolis2.4 mi
  • Monon Trail (Carmel)12.6 mi
  • IU Health North Hospital13.0 mi
  • Carmel High School13.3 mi
  • Carmel Central Park13.3 mi
  • Carmel Arts & Design District13.9 mi

PROPERTY DETAILS

Combined data from the listing and Hamilton County records

Living Area

1,860 sq ft

Year Built

1920

Stories

TwoOne and One Half

Subdivision

Phelans Sub Langs E Mich

Bedrooms

4

Bathrooms

2 full

School District

Indianapolis Public Schools

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