$600,000
7338 5 Points Road
Commercial Opportunity: This property encompasses 5.8 acres located at the intersection of Shelbyville Road and Five Points Road. It features a recently updated three-bedroom bungalow, complemented by a sizable detached garage measuring 20 by 32 feet and an above-ground swimming pool. This site presents an excellent opportunity for the development of multi-family units, with the potential for subdividing into five parcels of one acre each. Previous plans for a small gated community are available upon request. The property allows for the construction of additional homes. This well-maintained real estate asset includes two parcels situated at the corner of Five Points Road and Shelbyville Road, boasting approximately 800 feet of road frontage.
GPS Friendly
Built-in Features, Hardwood Floors, Range Hood, Electric Cooktop, Exhaust Fan, Refrigerator, Dishwasher
Map to 7338 5 Points Road, Indianapolis, IN 46259
MLS #
22064732
Date Listed
2025-09-24
Status
Active
Property Type
Residential
Property SubType
Single Family Residence
Square Feet
2542 sqft
New Construction
No
Style
Ranch
Type
Single Family Residence
Basement
Unfinished
Bedrooms
3
Bathrooms
2
(1 Full, 1 Half)
Year Taxes Payable
2024
Year Built
1926
Days on Market
73
Additional
Design
Ranch
Cooling
Central Air
Heating
Forced Air, Natural Gas
Garage
Yes
External Features
Construction
Single Family Residence
Acreage
5.80 Acres
Sewer
Septic
Water
Private
Fence
Partial
Location
Area
Marion
County
Marion
Subdivision
Franklin Cove
Township
Franklin
City
Indianapolis
State
IN
Zip
46259
Schools
School District
Franklin Township Com Sch Corp
Elementary
Bunker Hill Elementary School
Middle School
Franklin Central Junior High
Financial
Assoc. Dues
$0.00
| MLS # | 22064732 |
|---|---|
| Date Listed | 2025-09-24 |
| Status | Active |
| Property Type | Residential |
| Property SubType | Single Family Residence |
| Square Feet | 2542 sqft |
| New Construction | No |
| Style | Ranch |
| Type | Single Family Residence |
| Basement | Unfinished |
| Bedrooms | 3 |
| Bathrooms | 2 (1 Full, 1 Half) |
| Year Taxes Payable | 2024 |
| Year Built | 1926 |
| Days on Market | 73 |
| Design | Ranch |
|---|---|
| Cooling | Central Air |
| Heating | Forced Air, Natural Gas |
| Garage | Yes |
| Construction | Single Family Residence |
|---|---|
| Acreage | 5.80 Acres |
| Sewer | Septic |
| Water | Private |
| Fence | Partial |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | Franklin Cove |
| Township | Franklin |
| City | Indianapolis |
| State | IN |
| Zip | 46259 |
| School District | Franklin Township Com Sch Corp |
|---|---|
| Elementary | Bunker Hill Elementary School |
| Middle School | Franklin Central Junior High |
| Assoc. Dues | $0.00 |
|---|
MLS# 22064732
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Tina Sharma
Midland Realty Group, Inc.
Tinasharmausa1@gmail.com
Listing updated October 14, 2025 at 5:39 pm
Last checked 5 minutes ago
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