Street view of 5214 W 10th St
1 / 6
$1,600/mo
MLS Street view
Search photos

5214 W 10th St

Indianapolis IN 46224 · Single Family · built 1940
2 bd2 ba1,600 sqft
+39% Well above typical
Asking $1,600/mo · typical for 46224, 2 bd: $1,150/mo · HUD fair-market (market-adjusted) $1,205
How we check rent

Typical = the median of rentals asking right now with the same bedroom count in the same ZIP (our monthly comps). When there are too few comps we use HUD's FY2027 Small Area Fair Market Rent scaled by 0.82, the ratio Indianapolis landlords actually ask versus HUD. Orientation only, not a guarantee of any rent.

Is the rent fair?

The numbers (estimates, illustrative)

$1,600/moAsking rent
$1,150Typical asking · 46224 · 2 bd
+39%Well above typical
$1,205HUD fair-market rent · adjusted
$1.00Rent per sq ft / mo
40Days listed

The rent

Asking rent
$1,600/mo
Typical asking rent
$1,150/mo median of current listings, same ZIP + bedrooms
Difference
+39% Well above typical
HUD fair-market rent
$1,470/mo FY2027 Small Area FMR · adjusted $1,205
Rent per sq ft
$1.00/mo
Security deposit (typical)
$1,600 one month is the Indiana norm; ask the landlord

The property

Beds / baths
2 / 2
Living area
1,600 sq ft
Lot
6,534 sq ft
Year built
1940
Property type
Single Family
HOA
None on record
Flood zone
None (Zone X)
Registered rental
No

The listing

Source
Standard
MLS #
22127296
Listed
Sep 21, 2026
Days on market
40
Listing agent
Joseph M Sullivan · Sullivan Realty Group, Llc
3176705979 · joerealtor@indy.rr.com
Price history
No changes recorded
Keep looking

More rentals nearby

Ask Triad about renting

Questions about this rental, the neighborhood, or what a fair rent is?

We own and manage rentals in Indianapolis ourselves. This listing is not ours, but ask anything and our team replies within one business day. Free.

All figures are illustrative estimates from the list price, public records, rent comps / HUD fair-market rent and assumed financing (75% LTV, ~7.5%, 30 yr, as of 2026-09-12). Not verified, not an offer, not investment advice. Triad Global, LLC is a real-estate investor, not a licensed brokerage. Listing data from public sources; verify everything before you bid. Equal Housing Opportunity.

Find the listingAsk Triad