For Rent
5474 E Terrace Ave
Indianapolis, IN, 46203 • Southeast • Marion County
$1,185/mo
$2/sqft
2Beds
1Baths
720Sqft
Property DNA
Hardwood Floors
Quality flooring throughout
Just Listed
Listed Apr 8, 2026
Market activity
Demand and pricing signals for this listing
82 views
People checking out this listing
16 saves
Buyers have saved this home
$2/sqft
Price per square foot
About this home
Single Family
Recently Renovated 2-Bedroom Home with Detached Garage & Large Yard Warren Township Welcome home to this beautifully updated 2-bedroom, 1-bath rental located at 5474 Terrace Ave in Warren Township. This move-in ready home has been thoughtfully renovated and offers modern updates with comfortable living. Inside, you'll find LVP flooring throughout, fresh paint, updated lighting, and efficient windows that create a bright, clean feel in every room. The kitchen was fully renovated with new cabinetry, countertops, and fixtures, providing both style and functionality just before the prior tenant. The bathroom has also been completely updated with modern finishes. Step outside to enjoy a spacious yard perfect for relaxing, entertaining, or pets. The garage offers additional storage or parking convenience. Washer and dryer hookups are available for added practicality in their own separate room off of the kitchen. Features: 2 Bedrooms / 1 Bathroom Fully renovated interior LVP or Tile flooring throughout Updated kitchen and bathroom Fresh paint and modern lighting Efficient windows and blinds Garage Large yard Washer/dryer hookups Warren Township location Off Street Drive-way parking with turn around Mini Barn Storage Conveniently located near shopping, dining, schools, and easy interstate access. Rent: $1185 / month Deposit: $1000 Pets: $300 pet fee, $25/mo pet rent (allowed/restrictions if applicable) Message for more details or to schedule a showing! * Income must meet or exceed 3X rental amount Solid rental history a plus 12+ months
Standout features identified
Our analysis highlights efficient windows, mini barn storage, and updated lighting as key attractions of this home.
Estimated monthly payment
Based on current rates
$8/month
Principal & Interest$6
Property Tax$1
Insurance$0
Down payment20% ($237)
3%50%
Est. 6.75% rate · 30yr fixed · $948 loan
Full calculator →At a glance
Key facts and listing details
Date availableAvailable Now
TypeSingle Family Residence
CoolingCentral Air
PetsCats, Small Dogs
ParkingAttached Garage
LaundryHookups
Deposit & fees$1,000
One-time fees$1,064
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Systems
CoolingCentral Air
Parking & Outdoor
ParkingAttached, Off Street
Location & Tax
NeighborhoodSoutheast
Annual tax$1,151
Parcel491015107022000700
Bathrooms & Fees
Full baths1
Features & details
7 categories of property features
Interior Features
Interior
WD Hookup
Appliances
WD Hookup
Flooring
Hardwood
Cooling
Central Air
Laundry
Hookups
Exterior Features
Exterior
Granite Counter Tops
New Cabinets
Custom bathroom
Stainless Steel Appliances
Utilities fee required
Parking
Attached
Off Street
Listing insights
Market data and value estimates
StatusFor Rent
Est. value$117,000
Est. rent$1,000/mo
Tax rate0.96%
Price/sqft$2
On marketApr 8, 2026
PostedApr 8, 2026
Last sold$35,000
MLS updatedApr 8, 2026
Tour days6
Views82
Favorites16
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46203
Price history
8 events
DateEventPrice$/sqftSource
Apr 8, 2026Listed For Rent$1,185$2Zillow Rentals
Jan 5, 2024Listing Removed——Zillow Rentals
Dec 29, 2023Listed For Rent$1,150$2Zillow Rentals
Mar 24, 2021Listing Removed——Owner
Dec 9, 2019Listing Removed$950$1Owner
Nov 23, 2019Listed For Rent$950$1Owner
Mar 15, 2019Sold$35,000$49Public Record
Dec 20, 2001Sold$30,000$42MIBOR as distributed by MLS GRID
Listed For Rent$1,185
Apr 8, 2026•$2/sqft•Zillow Rentals
Listing Removed—
Jan 5, 2024•Zillow Rentals
Listed For Rent$1,150
Dec 29, 2023•$2/sqft•Zillow Rentals
Listing Removed—
Mar 24, 2021•Owner
Listing Removed$950
Dec 9, 2019•$1/sqft•Owner
Listed For Rent$950
Nov 23, 2019•$1/sqft•Owner
Sold$35,000
Mar 15, 2019•$49/sqft•Public Record
Sold$30,000
Dec 20, 2001•$42/sqft•MIBOR as distributed by MLS GRID
Tax history
21 years of records
YearTax paidAssessed value
Apr 9, 2024$1,151$45,200
Apr 9, 2023$1,101$50,000
Apr 9, 2022$958$50,000
Apr 9, 2021$959$43,400
Apr 9, 2020$1,306$43,400
Apr 9, 2019$1,280$59,100
Apr 9, 2018$1,184$57,900
Apr 9, 2017$1,184$57,600
Apr 9, 2016$1,076$54,700
Apr 9, 2014$1,090$54,500
Apr 9, 2013$1,134$54,500
Apr 9, 2012$1,134$56,700
Apr 9, 2011—$54,300
Apr 9, 2010$1,086$54,300
Apr 9, 2009$1,120$56,000
Apr 9, 2007—$59,200
Apr 9, 2005—$57,200
Apr 9, 2004—$57,200
Apr 9, 2002—$20,900
Apr 9, 2001—$6,960
Apr 9, 2000—$6,960
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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