
Sheldon Barnes
For Sale — 5548 N Meridian Street, Indianapolis, IN 462085548 N Meridian Street
Indianapolis, Indiana 46208
A B Carters
$749,900
Schedule a Showing3
Beds
3
Baths
1,857
Sq Ft
1949
Year Built
0.68
Acres
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Sheldon Barnes can help you tour 5548 N Meridian Street
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 5548 N Meridian Street in A B Carters, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Set on a beautifully wooded homesite along iconic Meridian Street, this classic limestone ranch blends timeless character with thoughtful updates in one of Indianapolis' most established and desirable settings. Freshly painted throughout, the home offers an ideal balance of charm, functionality, and future potential. Hardwood floors flow through much of the main level, where spacious living areas are anchored by a cozy fireplace and large windows overlooking the mature trees and private backyard. The updated kitchen and renovated main-level bathroom provide modern functionality while still complementing the home's original character. A flexible main-level office with built-in shelving could easily function as a fourth bedroom, library, or additional living space. The spacious primary suite offers updated comfort, while the additional bedrooms feature generous closet space, natural light, and charming built-ins. A glass-enclosed porch creates the perfect spot to relax year-round and enjoy the peaceful setting. The unfinished lower level provides incredible flexibility with a full bathroom already in place, workshop space, and endless possibilities for future finished living space. Whether enjoyed as-is or thoughtfully expanded over time, the home offers a rare opportunity to create something truly special in a premier Meridian Street location. Ideally positioned just minutes from some of Indianapolis' favorite local destinations, the home offers easy access to morning coffee at Tinker Coffee Co., dinner at Meridian Restaurant & Bar, or workouts at the Rivi. With a 2-car attached garage, additional storage garage, mature landscaping, and a rare 0.68-acre lot, this is a property that combines immediate livability with long-term potential in one of the city's most timeless corridors.
Key things to know
- Fireplace
- Basement
- A B Carters subdivision
Monthly payment
Estimate · $749,900
$4,352/mo
≈ $3,991 principal & interest · $361 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $149,980 on a loan of $599,920.
Price history
- Listedat $749,900
May 8, 2026
A B Carters · activity
past 6 months
- Sold
- 5
- Median price
- $420,000
- Median DOM
- 22 days
Recent comparable sales

$538,000
820 W 54th Street
4bd · 2ba · 2,232 sqft
Sold May 2026

$320,000
950 W 28th Street
3bd · 3ba · 1,713 sqft
Sold May 2026

$375,000
4123 Graceland Avenue
3bd · 3ba · 1,803 sqft
Sold May 2026

$145,729
3052 Skylar Lane
2bd · 2ba · 1,674 sqft
Sold May 2026

$75,000
354 W 26th Street
3bd · 1ba · 2,084 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 134% 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
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$749,900Listed· May 8, 2026
4 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Shower Stall Full,Suite
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis5.9 mi
- Monon Trail (Carmel)7.5 mi
- Carmel Central Park7.7 mi
- Carmel High School8.2 mi
- IU Health North Hospital8.8 mi
- Carmel Arts & Design District8.8 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,857 sq ft
Year Built
1949
Stories
One
Subdivision
A B Carters
Bedrooms
3
Bathrooms
3 full
Garage
2 spaces
School District
Indianapolis Public Schools
