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Land with Home for Sale in Indianapolis, Indiana

5545 W 46th St, Indianapolis, IN 46254

$694,000
5.24 acres
Active sale
ago
Est $3,983/mo

A true needle-in-a-haystack opportunity-5.24 acres inside the I-465 loop with a charming 150-year-old farmhouse, historic character, and endless possibilities. Step onto the welcoming wraparound porch and into a home filled with craftsmanship that's nearly impossible to find today. Original woodwork, soaring ceilings, transom windows, stained glass, and spacious rooms create a warm, inviting atmosphere rich with history. The large attic offers excellent storage and exciting potential for future finished living space. Outside, you'll discover a peaceful retreat that feels worlds away from the city. Mature walnut, hackberry, and maple trees provide beauty and shade, while the growing fields and native prairie attract birds, butterflies, dragonflies, fireflies, and other wildlife. Enjoy sunrise coffee on the porch, host family and friends in the barn, or simply relax and take in the surroundings. The back porch and adjacent laundry room make the perfect transition after a day spent outdoors. Continue the legacy of the current owners as a working urban vegetable and flower farm, or bring your own vision to life. With no HOA, the possibilities are endless-create a wood-fired pizza farm where guests gather picnic-style to enjoy pizzas topped with produce grown just steps away, pair it with a U-pick flower farm, or fence a portion of the property for animals to create an unforgettable destination for families. The existing chicken house stays! Whether you're dreaming of a hobby farm, agritourism business, event venue, or simply a private country retreat with room to roam, opportunities like this are exceptionally rare-especially in such a convenient location. The sale includes a total of 5.24 acres across two tax parcels: 490513117008000600 and 490513117009000600. Please include both parcels with any offer.

2,636
Sq feet
4
Beds
2
Full baths
1872
Built

Location

Street address
5545 W 46th St
Zip code
46254
School district
MSD Pike Township
Elevation
792 feet
Coordinates
39.8382, -86.2585

Property details

Acreage
5.24 acres
MLS #
MIBOR 22107875
Posted

Parcels

  • 490513117008000600

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Century 21 Real Estate

Lot

Features
Mature Trees, Not in Subdivision

Structure

Stories
2
Water
Private, Public
Heating
Forced Air
Cooling
Central Air
Materials
Wood Siding

Interior

Room Count
14
Rooms
Basement, Bathroom x 2, Bedroom x 4
Appliances
Dryer, Gas Oven, Microwave, Refrigerator, Washer, Water Heater, Water Softener Owned
Features
Attic Stairway, Built-In Features, Hardwood Floors, Hi-Speed Internet Availbl, Wired For Sound, Wood Work Stained

Listing history

DateEventPriceChangeSource
July 23, 2026New listing$694,000MIBOR
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This 5.24-acre property is located at 5545 W 46th St in Indianapolis, IN 46254. The property is available for sale, priced at $694,000. It has a 2,636 square foot 4-bedroom, 2-bath house built in 1872.

Listed by Century 21 Scheetz - Carmel, (317) 844-5111

Checked 2 hours agoUpdated Source

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