The recent resurgence of new-generation reconfigurable technologies delivers a plethora of various applications in all public, private and enterprise solutions over the globe. In this paper, a frequency reconfigurable polarization and pattern diverse Multiple-Input-Multiple-Output (MIMO) antenna is presented for indoor scenarios. The MIMO antenna is comprised of twelve radiating elements, and polarization and pattern diversity is obtained by arranging them in three different planes: Horizontal Plane (HP), Vertical Plane-I (VP-I), and Vertical Plane-II (VP-II). The proposed antenna operates in mode I (wideband) and mode II (multiband), by combining two different radiators using PIN diodes. The antenna dynamically switches between Mode I (wideband) and mode II (multiband). Mode, I cover the ultra-wideband (UWB) range from 2.3 to 12 GHz, while mode II covers GSM (1.85–1.9 GHz), Wi-Fi and LTE-7 (2.419–2.96 GHz), 5G (3.15–3.28 GHz and 3.45–3.57 GHz), public safety WLAN (4.817–4.94 GHz), and WLAN (5.11–5.4 GHz) frequency bands. The peak gain and efficiency of the MIMO antenna are 5.2 dBi and 80%, respectively.