$599,000
7338 Five Points Rd , Indianapolis, IN 46259
- Status:
- Active
- MLS #:
- 22114700
- Neighborhood:
- No Subdivision
- County:
- Marion
- Listed By:
- Ben Bashal - Midland Realty Group, Inc.
- Agent Phone:
- (317) 809-1818
- Agent Email:
- midlandrealtygroup@yahoo.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
This vast property encompasses 5.8 acres located at the intersection of Shelbyville Road and Five Points Road. Has been approved to allow the construction of additional homes and approved to split into 2, 4 or 5 separate parcels (Plat maps attached) the option of a private driveway with private gate, also a tennis court or playground which you can see on attached approved plat maps. Zoning allows horse boarding on property and possible zoning request for retail. Front of the property features a recently updated three-bedroom bungalow, complemented by a sizable detached garage measuring 20x32 feet and an above-ground swimming pool wooden deck. This site presents an excellent opportunity for the development of private subdivision, with approved potential for subdividing into 5 parcels of one acre each, 4 parcels or 2 parcels. Previous plans for a small gated community are available upon request. This well-maintained multifunctional real estate asset situated at the highly sought after corner of Five Points Road and Shelbyville Road, boasting approximately 800 feet of road frontage.
Highlights
- Land
- 5.8 Acre Lot
- 117 days on Market
-
- Acres
- 5.8
-
- Lot Features
- Level, Corner Lot
-
- Water
- Public
-
- Area
- 4906 - Marion - Franklin
-
- County
- Marion
-
- City
- Indianapolis
-
- Neighborhood
- No Subdivision
-
- Zip Code
- 46259
-
- Middle School
- Franklin Central Junior High
-
- Elementary School
- Mary Adams Elementary School
-
Ask a Question
ez Mortgage Calculator
Enter your details below to estimate your monthly mortgage payment with taxes, fees and insurance.
$
Please enter a valid number
Cost of the current home: $599000
$
%
Please enter a valid number
Cash you pay when you close
Affects interest rates. 30- or 15- year loans are standard.
%
Default rate is illustrative, set internally by ez Home Search and updated periodically; actual rates vary by lender, credit score, and market conditions.
$
%
Please enter a valid number
$
Please enter a valid number
Typically 0.25% of home value per year.
$
Please enter a valid number
Homeowners association dues.
$ 0
Monthly
Principal and interest:
Property Taxes:
Homeowners Insurance:
HOA Dues:
$0 (0%)
$0 (0%)
$0 (0%)
$0 (0%)
The ez Mortgage Calculator is for educational purposes only. Real-world interest rates and payments can differ due to factors like market trends, location, and loan specifics. Calculations are based on your inputs and might not consider extra costs a lender may add, such as insurance, taxes, and fees; thus, actual repayments could surpass estimates. Please note, ez Home Search does not provide loans, and this tool does not promise lending.
Price History
| 07/20/2026 | Listed | $599,000 |
| Source: MIBOR Broker Listing Cooperative #22114700 | ||
Source: MLS Data
Deed History
| 08/31/2022 | Quit Claim Deed (non-arm's length) | $180,000 |
| 02/08/2018 | Deed | $0 |
| 12/29/2014 | Warranty Deed | $0 |
Source: Public records via Constellation Data Labs
What's your home worth?
Calculate your current home value within seconds.
Similar Listings
Look Throughout Indianapolis
There are currently 5104 properties available in Indianapolis, with 0 under contract to close soon. Properties in the city have an average sale price of $287,190 and typically spend 69 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
With 33 zip codes in Marion County, you have many options in the area. Be sure to claim your free ez Home Search account to make sure you get alerts when a property that meets your needs becomes available.
Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 7338 Five Points Rd?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 7338 Five Points Rd.
They know lands in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 7338 Five Points Rd?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $599,000. We can talk through recent upgrades, potential seller motivation, how this land compares to others in Indianapolis, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 7338 Five Points Rd?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 7338 Five Points Rd at around $3,409. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 7338 Five Points Rd?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Marion County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 7338 Five Points Rd?
In most cases, yes. Whether 7338 Five Points Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Indianapolis's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 7338 Five Points Rd?
We can handle that for you. Our preferred local agent specializes in lands in Indianapolis and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
How long has this property been on the market?
7338 Five Points Rd was listed on July 20, 2026, which means it's been on the market for 117 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
What is the lot size of this property?
7338 Five Points Rd sits on a 5.8-acre lot, which is 252,648 square feet.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Mary Adams Elementary School
- Middle: Franklin Central Junior High
Want to see how these schools compare? Check out our Marion County School Guide to see ratings, reviews, and more for the schools in the area.
Is 7338 Five Points Rd still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
Popular Home Searches in Indianapolis, IN
Open Houses Near Indianapolis, IN
Land for Sale Near Indianapolis, IN
Townhomes for Sale Near Indianapolis, IN
Waterfront Homes for Sale Near Indianapolis, IN
Waterfront Condos for Sale Near Indianapolis, IN
Homes with Pools for Sale Near Indianapolis, IN
Gated Community Homes for Sale Near Indianapolis, IN
Homes with No Hoa for Sale Near Indianapolis, IN
Homes in Adult Communities for Sale Near Indianapolis, IN
Search Nearby Cities
Search Nearby Counties
Search Nearby Postal Codes
Based on information submitted to the MLS GRID as of November 14, 2026 at 03:11PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
