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5116 N Raceway Road, 
Indianapolis, IN 46234

$349,900

3

Beds

2

Baths

1,166

Sq Ft

Single Family

Virtual Tour

Active

Listed by

Josh Latham

RE/MAX Advanced Realty

317-298-0961

Last updated:

July 28, 2026, 03:14 PM

MLS#

22105869

Source:

IN MIBOR

About This Home

5116 N Raceway Road

Rare find: 2.67-acre horse property in the Brownsburg school district under $400K. Established equestrian setup is ready day one - sand riding arena with post & board fencing, run-in shelter, detached tack house, hay storage, and fully fenced pasture turnout. Updated 3-bedroom ranch features refinished hardwood floors, updated kitchen, fully remodeled tile bathrooms, and 2-car attached garage. This hidden gem is all about the horses but the house itself is a unique find. No HOA, no subdivision restrictions. Just 20 minutes to downtown Indianapolis and minutes to Brownsburg amenities. Perfect for horse owners, hobby farmers, animal lovers, or anyone wanting acreage and outbuildings without leaving Brownsburg schools or the Indy commute behind. Move in, bring your horses, settle in.

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1957

Price Summary

349,900

$300 per Sq. Ft.

MLS #:

22105869

Last Updated:

July 28, 2026, 03:14 PM

Added:

1 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,166 Sq. Ft.

Structure

Structure

Architectural Style:

Ranch

Building Area:

1,166 Sq. Ft.

Year Built:

1957

Lot

Lot Size (Sq. Ft):

116,305

Finances & Disclosures

Finances

Price:

$349,900

Price per Sq. Ft:

$300 per Sq. Ft.

Source:IN MIBOR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.