5545 Gray Rd, Indianapolis, IN 46237
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Property image
OFF MARKET

5545 Gray Rd
Indianapolis, IN 46237

South Emerson
  • 3 Beds
  • 1 Bath
  • 1,206 sqft (on 0.41 acres)

$236,500

Trulia Estimate
as of Jul 25, 2026
Est. Refi. Payment $1,455/mo*
Refinance Your Home

$236,500

Trulia Estimate
as of Jul 25, 2026
Est. Refi. Payment $1,455/mo*
Refinance Your Home
3 Beds
1 Bath
1,206 sqft
(on 0.41 acres)

Local Information

  • Map ViewExplore the area around 5545 Gray Rd.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1956
Lot Size
0.41 acres
Living Area
1,206 sqft
Price/Sqft
$196
Parking
Garage

About this House

Updated 3 bedroom 1 bath brick ranch with maintenance-free vinyl soffits and 22x10 sun porch! Newer carpet in living room and bedrooms. Beginning in 2012: New Windows, Sump Pump, New Kitchen, New Bath, New Front Door. 2014: New Roof & Gutters, Driveway. 2015: New chimney, New Water Heater 2021: Garage Door Opener, HVAC system, Fridge. Newer 10x10 Storage Barn and an older 10 x 12 Storage Barn with a loft. City water/sewer. There is a well for outdoor watering. Great location in Perry with easy access to 465 and to 65. Seller will remove the CrossFit equipment on the driveway prior to closing.
5545 Gray Rd, Indianapolis, IN 46237 is a 3 bedroom, 1 bathroom, 1,206 sqft single-family home in South Emerson, built in 1956. It last sold for $200,000 on Oct 5, 2021. It is currently off market. The Trulia Estimate is $236,500, with a rent estimate of $1,580/month.

Home Details for 5545 Gray Rd

Interior Features

Heating & Cooling
Heating: Heat PumpAir ConditioningCooling System: CentralHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 6

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: BrickFoundation Type: Crawl Raised
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1956Year Updated: 1956
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 0.41 acres

Price History for 5545 Gray Rd

DatePriceEventSource
10/05/2021$200,000Sold
MIBOR as distributed by MLS GRID #21809301
08/30/2021$185,000PendingMIBOR as distributed by MLS GRID #21809301
08/27/2021$185,000Listed For SaleMIBOR as distributed by MLS GRID #21809301
10/01/2012$40,000Sold
N/A
08/04/2012$66,420PriceChange
Agent Provided
07/05/2012$73,800PriceChange
Agent Provided
05/17/2012$82,000Listed For SaleAgent Provided
04/27/2012$107,465Sold
N/A
09/01/2006$98,000Sold
MIBOR as distributed by MLS GRID #2638995

Market trends in Indianapolis

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$243K
$9.18KMoM
Sale-to-List Price
99.2%
0.5%MoM
Price per sq ft
$143
$3MoM
Available listings
3885
69MoM
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Property Tax and Assessment

Year2025
Tax$2,882
Assessment$247,600
Home facts updated by county records

Comparable Sales for 5545 Gray Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4314 Dudley North Dr, Indianapolis, IN
0.11
Single-Family Home
$217,000
11/10/25
3
1
1,403
4109 E Epler Ave, Indianapolis, IN
0.08
Single-Family Home
$263,000
10/14/25
3
2
1,494
4330 N Dudley North Dr, Indianapolis, IN
0.15
Single-Family Home
$236,500
06/05/26
4
1.5
1,500
4555 Blackstone Dr, Indianapolis, IN
0.37
Single-Family Home
$245,000
05/12/26
3
1
1,084
4124 Shelbyville Rd, Indianapolis, IN
0.50
Single-Family Home
$234,000
01/16/26
3
1
1,040
3535 Parrish Ct, Indianapolis, IN
0.53
Single-Family Home
$202,900
09/30/25
3
1
1,385
4617 Shelbyville Rd, Indianapolis, IN
0.49
Single-Family Home
$182,500
09/17/25
3
1
912
5519 Black Cherry Cir, Indianapolis, IN
0.11
Single-Family Home
$252,000
06/04/26
3
2
1,518
3621 E Brunswick Ave, Indianapolis, IN
0.53
Single-Family Home
$212,000
08/07/25
3
1
1,000
5321 S Linwood Ave, Indianapolis, IN
0.35
Single-Family Home
$244,499
04/23/26
3
2
1,440

Nearby homes

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Assigned Schools

These are the assigned schools for 5545 Gray Rd.
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

South Emerson
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South Emerson

At least 85 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 85 % Say parking is easy

  • 84 % Say kids play outside

  • 82 % Say it's dog friendly

  • 74 % Say yards are well-kept

  • 69 % Say there are sidewalks

  • 68 % Say there's holiday spirit

  • 62 % Say it's quiet

  • 50 % Say neighbors are friendly

  • 50 % Say people would walk alone at night

  • 44 % Say it's walkable to grocery stores

  • 42 % Say there's wildlife

  • 35 % Say it's walkable to restaurants

  • 33 % Say streets are well-lit

  • 33 % Say they plan to stay for at least 5 years

  • 18 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "there is great yard space to run and play and also tons of parks to take them for walks. "
    0
    Flag
  • Trulia User
    "Not a lot of strays. Lots of friendly dogs. Low speed limits. Most of the houses have big yards. Lots of neighborhoods to walk. "
    0
    Flag
  • Trulia User
    "I’ve lived in this beautiful neighborhood for 25 years, raised our sons here. Neighbors are friendly & keep an eye out for one another. Rarely do these homes go up for sale, so there isn’t much turnover. "
    6
    Flag
  • Lalcautergomez
    "Dogs are welcome, most of the neighborhood has dogs and people walks them all the time, and most if not all pick after them "
    1
    Flag
  • Hermelindo P.
    "There is safe to live in here and people are very friendly, so far is nice and calm, no problems with the neighborhood "
    3
    Flag
  • A
    "Some crime; petty theft/ break ins... weird people knock on your door sometimes. BUT management is really nice and the maintenance team is quick and efficient. "
    4
    Flag
  • Scissorhands_888
    "Small neighborhood with two streets to enter or exit. Low incidence of crime. Neighbors watch out for each other and communicate regularly."
    37
    Flag
  • Meddie D.
    "You see dog owners walking their dogs all the time and consistently looking out for each other's pets."
    2
    Flag
  • Dedra B.
    "great..good.. well festive... nice... non violent.. friendly... nice schools.... lots of restaurants.."
    2
    Flag
  • V
    "Schools in this area lack diversity. There are a few nice restaurants and lots of medical offices conveniently located."
    1
    Flag
  • Meddie D.
    "My neighborhood needs greater access to public transportation and better lighting for the streets. The traffic lights would do better with better synchronization."
    3
    Flag
  • Jahadley317
    "This is a great, quiet little area with good schools and easy access to downtown. It is a great place to start a family. Franklin township schools are the best in the city."
    1
    Flag
  • Donna S.
    "I am in a CDI Home Retirement Community. There are very good places to walk without having to get on busy roads. Convenient shopping and eating areas near Southport and also Beech Grove."
    2
    Flag

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Homes for sale near 5545 Gray Rd

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Off Market Homes Near 5545 Gray Rd

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