331 E 51st St, Indianapolis, IN 46205
Property image
Property image
OFF MARKET

331 E 51st St
Indianapolis, IN 46205

Meridian Kessler
  • 3 Beds
  • 2 Baths
  • 1,448 sqft

$487,600

Trulia Estimate
as of Aug 22, 2026

$487,600

Trulia Estimate
as of Aug 22, 2026
  • 3 Beds
  • 2 Baths
  • 1,448 sqft

Home Highlights

Property Type
Single-Family Home
Living Area
1,448 sqft
Price/Sqft
$337

Local Information

  • Map ViewExplore the area around 331 E 51st St.
  • Schools5 Preschool Schools9 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

About this House

Up for rent is a 3 Bedroom/1.5 Bath in 1/2 Duplex on a beautiful street in the South Broad Ripple / Meridian Kessler area. The property is well maintained with a recently painted interior (pictures do not reflect updated painting), dishwasher, garbage disposal, hardwood floors, built-ins, unfinished basement for storage, washer and dryer, and on-site parking spaces.

The property is conveniently situated near Broad Ripple, Red Line, The Monon Trail, Fresh Market, Butler University, and many local eateries including Twenty Tap, Yats, Aristocrat, Delicia, Upland, Cafe Patachou, Napolese, Diavolo, Liter House, Half Liter, Mama Carolla's, and other favorites.

Pets will be considered on a per case basis and security deposit is required. Credit Check and Proof of Employment required. Please email for further details and showing information.

Owner pays for trash and lawn care. Tenant is responsible for water, electric, gas, internet, and cable

Owner pays for trash and lawn care. Tenant is responsible for water, electric, gas, internet, and cable.
331 E 51st St, Indianapolis, IN 46205 is a 3 bedroom, 2 bathroom, 1,448 sqft single-family home in Meridian Kessler. It last sold for $419,375 on May 18, 2023 (20,869% above the $2,000 asking price). More recently, it was listed as a rental in April 2025 with an asking price of $2,000 per month. That rental listing was removed on May 5, 2025. It is currently off market. The Trulia Estimate is $487,600, with a rent estimate of $2,096/month.

Home Details for 331 E 51st St

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: now

Interior Features

Appliances & Utilities
DishwasherDryerWasher
Heating & Cooling
Air ConditioningCooling System: Central Air
Levels, Entrance, & Accessibility
Floors: Hardwood

Exterior Features

Parking & Garage
Parking: Off Street Parking, On Site

Comparable Sales for 331 E 51st St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5008 Broadway St, Indianapolis, IN
0.21
Single-Family Home
$462,500
05/20/26
3
2
1,968 sqft
615 E 49th St, Indianapolis, IN
0.22
Single-Family Home
$415,000
02/13/26
3
1.5
2,334 sqft
4920 Central Ave, Indianapolis, IN
0.10
Single-Family Home
$549,900
09/24/25
3
1.5
2,973 sqft
213 E 51st St, Indianapolis, IN
0.11
Single-Family Home
$600,000
06/01/26
3
2
2,912 sqft
5020 Broadway St, Indianapolis, IN
0.20
Single-Family Home
$517,500
03/03/26
3
1.5
2,480 sqft
4902 Broadway St, Indianapolis, IN
0.24
Single-Family Home
$217,000
04/01/26
3
2
1,536 sqft
4619 N Park Ave, Indianapolis, IN
0.34
Single-Family Home
$425,000
03/19/26
3
2
2,225 sqft
623 E 49th St, Indianapolis, IN
0.24
Single-Family Home
$525,000
06/15/26
3
2
3,266 sqft
4810 Central Ave, Indianapolis, IN
0.18
Single-Family Home
$660,000
07/25/26
3
2.5
2,028 sqft
5125 Guilford Ave, Indianapolis, IN
0.45
Single-Family Home
$390,000
01/10/26
3
2
1,970 sqft

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Meridian Kessler
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Meridian Kessler

At least 74 Trulia users voted on each feature.

  • 96 % Say it's dog friendly

  • 94 % Say there are sidewalks

  • 92 % Say yards are well-kept

  • 86 % Say parking is easy

  • 85 % Say it's walkable to restaurants

  • 84 % Say there's holiday spirit

  • 82 % Say kids play outside

  • 76 % Say streets are well-lit

  • 76 % Say people would walk alone at night

  • 73 % Say neighbors are friendly

  • 72 % Say car is needed

  • 68 % Say it's walkable to grocery stores

  • 67 % Say they plan to stay for at least 5 years

  • 63 % Say there are community events

  • 51 % Say there's wildlife

  • 46 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "cool people cool stuff. biscuits and gravy car club Saturdays. farmers market is pretty šŸ˜Ž and the park is one of a kind. "
    0
    Flag
  • Trulia User
    "The school down the road has a French festival and the state fair grounds has events all year around."
    0
    Flag
  • Trulia User
    "Great places to walk. Lots of dog-friendly places to take your pup for dinner. Some of the yards can be a bit small."
    0
    Flag
  • Trulia User
    "I drive my car. I take Meridian St. north to my workplace in Carmel. It is a short 15 minute drive. "
    0
    Flag
  • Trulia User
    "The streets in the area are busy so be cautious. Friendly neighborhood. Walk to grocery stores, restaurants and schools. Neighbors look after each other so you feel very safe. "
    0
    Flag
  • J J. O.
    "it's a dog friendly neighborhood. Dog's are well maintained and so are the lawns owners have control over their pets "
    0
    Flag
  • Ratay.torrey
    "There are lots of families with dogs around this area and many patios are dog friendly. People generally clean up after their dogs well, also."
    0
    Flag
  • Meredithangner
    "Amazing neighborhood. Really canā€™t find a better place to live in Indy! Safe, friendly and beautiful. Plus walk to school"
    0
    Flag
  • Karla
    "Saint Joan of Arc festival and Sausage Festival are great! Jazz fest at jazz kitchen is one of my favorite weekends."
    2
    Flag
  • Juliet M.
    "Lots of families. Lots of pets, good sidewalks, shops, restaurants. We really like living here. Never had an issue with feeling uncomfortable "
    0
    Flag
  • Jesse.kurth
    "Zone 2 of Meridian Kessler East of College is quiet, void of crime, larger than average homes and invested home owners."
    1
    Flag
  • Mbc3muller
    "Our dogs frolic in a fenced yard with 300 feet of treed shade. They run the fence with our neighbor dogs on either side. Lots of people walk their dogs on the side walk out front. We are a dog friendly area. Everyone picks up after their dogs, and most keep their pets out of the flowers. "
    1
    Flag
  • Jerry W. T. J.
    "Commute to downtown is painful for past 18 months, perhaps construction being finished will help. Red line bus could be the answer."
    0
    Flag
  • Paige O.
    "Close to everything. Clean. Diverse. Is in a safe bubble. Loving neighbors. A million parks near by. Ideal to raise a child here. "
    0
    Flag
  • Kyfoster
    "Accessible to parks, monon trail. Lots of dog friendly people in the area. Many restaurants are dog friendly as well especially in the summer time. "
    0
    Flag
  • Jordan H.
    "A great place to live, go out, exercise, and enjoy your neighbors. Perfect location in Indianapolis."
    0
    Flag
  • Caitlyn R.
    "Safe neighborhood but definitely street by street. Fast driving cars near college. A lot of traffic. "
    0
    Flag
  • Jesse k.
    "The yards in this neighborhood typically aren't huge but we're close to the Monon trail, so a great place for walks."
    0
    Flag
  • Kyfoster
    "good area and nice people. great local food and shops. dog friendly and parks are close by. low crime rate"
    0
    Flag
  • Gabriel H.
    "Friendly, diverse neighborhood; fairly pedestrian friendly; Monon Trail should be considered a national treasure. "
    0
    Flag
  • Ktspitler
    "Our neighborhood has a little bit of everything! Friendly, downtown feel, restaurants and shops in walking distance, old homes with lots of character...there is turkey not another neighborhood like it in the area. Schools are within walking distance and neighbors are always outside ready for a friendly chat!"
    0
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  • Kyfoster
    "walkable to fun stores and restaurants. trendy and active area. homes with character and charm make the area interesting"
    0
    Flag
  • Andy P.
    "I've lived in the area for almost four years, and there is no where else in Indy I'd rather be. You can walk to anything! Shopping, restaurants, green space, schools -- you name it! "
    0
    Flag
  • Mary
    "Houses in SoBro, near 46th & Winthrop are great for active families. Meridian Kessler little league is running almost every evening on the diamonds at the school for the deaf (on 46th). Across the street is Aresenal Park. On a sunny Sunday & often throughout the week there are bike polo matches, pick up basketball, ultimate frisbee, soccer, Indy Parks area for outdoor parties & the play area for kids, including a splash park in the summer! There's also development in nearby businesses along College, The Monon & 46th. Surely a great area to live. I've lived in the area for 3+ years now & haven't had any dangerous interactions with anyone. The crime seems to be isolated to the houses / apartments where folks are up to no good."
    0
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  • lbisser
    "Excellent schools - Center for Inquiry and Immaculate Heart of Mary in walking distance. Friendly neighborhood walking biking pet friendly - near Broad Ripple dog park, and The Riviera Club for fitness and swimming and social life"
    0
    Flag
  • pacificsky71
    "Wow, loved it. Traffic was a bit much but after a month I didnt even notice. Was so nice to live only a few minutes from down town and a few minutes from broadripple. Neightbors were best I have ever lived near. "
    0
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
May 5, 2025
Source: Zillow Rentals
ListingRemoved
$2,000
Apr 22, 2025
Source: Zillow Rentals
Listed For Rent
$2,000
May 18, 2023
Source: N/A
Sold
$419,375
May 7, 2023
Source: Zillow Rentals
ListingRemoved
Apr 20, 2023
Source: Zillow Rentals
Listed For Rent
$1,850

Frequently asked questions about 331 E 51st St

  • What is 331 E 51st St estimated to be worth?
    Trulia's estimated value for 331 E 51st St in Indianapolis, IN is $487,600.
  • What is the price history for 331 E 51st St?
    331 E 51st St in Indianapolis, IN last sold for $419,375 in May 2023.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $251K. That is up $10K from the prior month.
  • Does 331 E 51st St have air conditioning?
    Yes, 331 E 51st St in Indianapolis, IN has air conditioning.
  • Does 331 E 51st St have laundry facilities?
    Yes, 331 E 51st St in Indianapolis, IN has in-unit laundry.

Homes for rent near 331 E 51st St

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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