$229,000

beds

bath

1,500

square ft

2054 Gerrard Avenue

Speedway, Indiana 46224

New / MLS #22091646 / Single Family / Speedway

Listing information updated 4/2/2026 at 5:46pm

Welcome Race Fans! Just in time for the Greatest Spectacle in Racing, this charming 1948 bungalow sits just blocks from the Indianapolis Motor Speedway and puts you right in the heart of all the action! Whether you're looking for your first home, a weekend getaway, or a smart investment opportunity, this Speedway gem delivers both excitement and everyday comfort. Step inside to find beautiful hardwood floors and a warm, inviting layout packed with character. The updated eat-in kitchen blends vintage charm with modern touches, featuring quartz countertops, stainless steel appliances, painted cabinetry, and a tile backsplash-perfect for morning coffee or hosting friends before race day festivities. This 2-bedroom, 1-bath home offers approximately 750 square feet on the main level, plus an additional 750 square feet in the basement-ready to be transformed into your dream rec space, game room, or ultimate race day hangout. Already a great spot for a man cave or big-screen viewing area, the possibilities are endless. Out back, you'll find an entertainer's dream: a large, fully fenced, shaded yard complete with a fire pit and a one-of-a-kind flat stump table-ideal for relaxing evenings, gatherings, and making memories year-round. Convenient rear access leads directly into the kitchen or down to the basement. Car enthusiasts and hobbyists will love the detached 2-car garage, offering ample space for storage, projects, or your prized vintage vehicles. Major mechanicals provide peace of mind with a newer A/C (3 years), water heater (4 years), furnace (11 years), and roof (10 years). Located just minutes from shopping, dining, coffee shops, local favorites like the AJ Foyt Wine Vault, indoor karting, major highways, and a quick straight shot to downtown Indianapolis-this location truly can't be beat! Don't miss your chance to own a piece of Speedway living-schedule your showing today and get ready to experience the thrill of race season right from your doorstep!

Full Features

Architecture Style:

Bungalow

Exterior Type:

Aluminum Siding

Basement:

Daylight,Finished Walls,Roughed In,Storage Space

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Electric, Natural Gas

Appliances:

Dishwasher, Dryer, Disposal, Gas Water Heater, MicroHood, Gas Oven, Refrigerator, Washer

Main Level Primary Bedroom:

Yes

Pool:

Age:

78 Years

Parking Type:

Garage Door Opener,Guest Street Parking,Service Door

Parking Spaces:

Garage:

Garage - 2 Car(s)

Room Count:

Water Front:

Square Feet:

1,500

Lot Size:

0.15 Acres

Acreage:

0.15

Internal Features:

Paddle Fan, Hardwood Floors, Eat-in Kitchen, Wired for Data, Pantry, WoodWorkStain/Painted

External Features:

Fire Pit, Patio/Porch

Room Information

Living Room:

16x11 - Main

Kitchen:

13x11 - Main

Family Room:

26x13 - Basement

Primary Bedroom:

16x10 - Main

2nd Bedroom:

11x10 - Main

Laundry:

14x12 - Main

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2024

Location

Zip Code:

46224

City:

Speedway

County:

Marion

Schools

School District(s):

School Town of Speedway

Elementary School:

N/A

Middle School:

Speedway Junior High School

High School:

Speedway Senior High School

Architecture Style:

Bungalow

Exterior Type:

Aluminum Siding

Basement:

Daylight,Finished Walls,Roughed In,Storage Space

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Electric, Natural Gas

Appliances:

Dishwasher, Dryer, Disposal, Gas Water Heater, MicroHood, Gas Oven, Refrigerator, Washer

Main Level Primary Bedroom:

Yes

Pool:

Age:

78 Years

Parking Type:

Garage Door Opener,Guest Street Parking,Service Door

Parking Spaces:

Garage:

Garage - 2 Car(s)

Room Count:

Water Front:

Square Feet:

1,500

Lot Size:

0.15 Acres

Acreage:

0.15

Internal Features:

Paddle Fan, Hardwood Floors, Eat-in Kitchen, Wired for Data, Pantry, WoodWorkStain/Painted

External Features:

Fire Pit, Patio/Porch

Living Room:

16x11 - Main

Kitchen:

13x11 - Main

Family Room:

26x13 - Basement

Primary Bedroom:

16x10 - Main

2nd Bedroom:

11x10 - Main

Laundry:

14x12 - Main

Tax Amount:

N/A

Tax Year:

2024

Zip Code:

46224

City:

Speedway

County:

Marion

School District(s):

School Town of Speedway

Elementary School:

N/A

Middle School:

Speedway Junior High School

High School:

Speedway Senior High School

Listing Office: @properties

Listing Office Phone: 317.489.3441

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/2/2026 at 5:46pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.