3294 Ralston Ave

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3294 Ralston Avenue, Indianapolis, IN 46218

Price $100k

ARV $175K

Type: Single-Family Ranch

Beds / Baths: 2 Bed / 1 Bath

Living Area: 855 sq ft (plus full basement)

Garage: 1-Car Attached (via breezeway)

Lot Size: ~0.15 acres

Year Built: 1946 (Effective Year: 1971)

Basement: Partial basement + crawlspace

Features: Front concrete patio, enclosed sunroom, large mostly fenced backyard

Systems & Condition:

Roof: 7 years old – good condition

HVAC: 3 years old – no central A/C

Plumbing: No known issues

Electrical: No known issues

Foundation: Appears solid; mixed crawl and basement

Flooring: Original wood floors – great condition; just uncovered

Interior Doors: All new, trim is incomplete but undamaged

Kitchen: Renovated 3 years ago

Occupancy: Recently vacated by tenant (was rented for 3 years)

Location & Neighborhood:

Located in a fast-appreciating corridor near downtown Indianapolis

Close to Ivy Tech, IUPUI, Purdue Indy, and Broad Ripple

Great connectivity to downtown, public transit, parks, and retail

Perfect for first-time homebuyers or rental investors targeting growth areas

Very renter-friendly layout with private backyard and sunroom

Exit Strategy Options:

Rental Ready: Just finish light work and rent immediately

Estimated Rent: $1,100–$1,250/month based on comps

Add A/C to push to premium end of range

Flip Potential: Great candidate for a retail exit with light cosmetic updates

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