This incredible property is essentially two homes for the price of one, featuring a connected apartment that can be used as an in-law suite or generate rental income (currently rented for $1,700 per month until Nov 15). With extensive upgrades, unique features, and thoughtful design, this home offers exceptional value and versatility. In 2012, a 2,400 sq. ft. addition was completed, expanding the home's living space. 2013 a 16' x 32' in-ground pool and pool house were added, creating a backyard retreat perfect for entertaining or relaxing. The pool house includes a sink and toilet (#1 only). In 2019, the former three-bedroom section of the home was transformed into an impressive game room / loft area. The south side flooring was reinforced to support a pool table, and the space now includes a wet bar and mini fridge. That same year, a deluxe walk-in closet was created, complete with its own sink and washer/dryer setup for added convenience. In 2025, a deck was added above the pergola, accessible directly from the primary suite through a new master bedroom door-perfect for morning coffee or evening sunsets. The home also features a Jack-and-Jill bathroom with two sinks, one shower, and one toilet, plus a master bath with a garden tub and private water closet. The great room's spiral staircase adds architectural charm and a touch of elegance. The entire front facade of the home was redone in 2024. The roof-covering the main home, the apartment carport, and the overhang-was also replaced in 2024. Out back 16' x 20' shed with a loft for additional storage. The connected apartment is fully equipped and beautifully updated. It features granite countertops, a cozy breakfast nook, and a newly refreshed bathroom (sink, exhaust fan, and fixtures all replaced in 2024). There's also a covered porch and carport, making the apartment completely independent and highly rentable. This home offers amazing flexibility for multi-generational living or rental income!
Pending
$425,000
8023 Railroad Rd, Indianapolis, IN 46217
4beds
3,555sqft
Est.:
Residential, Single Family Residence
Built in 1980
0.59 Acres Lot
$415,300 Zestimate®
$120/sqft
$-- HOA
What's special
Loft areaCovered porchWet barGame roomMaster bathDeluxe walk-in closetCozy breakfast nook
- 67 days |
- 1,769 |
- 137 |
Zillow last checked: 8 hours ago
Listing updated: 12 hours ago
Listing Provided by:
Todd Campbell 317-989-3272,
United Real Estate Indpls
Source: MIBOR as distributed by MLS GRID,MLS#: 22071204
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
- Area: 396 Square Feet
- Dimensions: 22x18
Bedroom 2
- Level: Upper
- Area: 200 Square Feet
- Dimensions: 20x10
Bedroom 3
- Level: Upper
- Area: 200 Square Feet
- Dimensions: 20x10
Bedroom 4
- Level: Main
- Area: 204 Square Feet
- Dimensions: 17x12
Breakfast room
- Features: Tile-Ceramic
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x8
Dining room
- Level: Main
- Area: 198 Square Feet
- Dimensions: 18x11
Great room
- Level: Main
- Area: 528 Square Feet
- Dimensions: 24x22
Kitchen
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Laundry
- Level: Main
- Area: 56 Square Feet
- Dimensions: 8x7
Living room
- Level: Main
- Area: 198 Square Feet
- Dimensions: 18x11
Living room
- Level: Main
- Area: 228 Square Feet
- Dimensions: 19x12
Loft
- Level: Upper
- Area: 357 Square Feet
- Dimensions: 21x17
Heating
- Forced Air, Heat Pump, Wood Stove
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Disposal, MicroHood, Electric Oven, Refrigerator, Washer, Other, Microwave, Bar Fridge, Water Heater, Range Hood
- Laundry: Connections All, Laundry Closet, Laundry Room, Sink
Features
- Vaulted Ceiling(s), Hardwood Floors, In-Law Floorplan, Walk-In Closet(s), Breakfast Bar, Wet Bar
- Flooring: Hardwood
- Windows: Wood Work Painted
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Free Standing
Interior area
- Total structure area: 3,555
- Total interior livable area: 3,555 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Carport, Concrete, Garage Door Opener, Guest
- Attached garage spaces: 2
- Has carport: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck
- Exterior features: Balcony
- Pool features: Fenced, In Ground, Outdoor Pool
- Fencing: Fenced,Full
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.59 Acres
Details
- Additional structures: Barn Mini, Storage
- Parcel number: 491423124010000500
- Special conditions: Defects/None Noted
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Cement Siding
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Electric: 200+ Amp Service
- Water: Public
Community & HOA
Community
- Subdivision: Hill Valley Estates
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $120/sqft
- Tax assessed value: $334,700
- Annual tax amount: $4,324
- Date on market: 10/31/2025
- Cumulative days on market: 22 days
Estimated market value
$415,300
$395,000 - $436,000
$3,105/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Listed for sale | $425,000$120/sqft |
Source:  MIBOR as distributed by MLS GRID #22071204 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,247 +8.6% | $334,700 +6.3% |
| 2023 | $3,913 +24.4% | $314,800 +10.3% |
| 2022 | $3,144 +8.8% | $285,500 +26.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,518/mo
Principal & interest
$2029
Property taxes
$340
Home insurance
$149
Climate risks
Neighborhood: Hill Valley
Nearby schools
GreatSchools rating
- 7/10Perry Meridian 6th Grade AcademyGrades: 6Distance: 0.8 mi
- 9/10Perry Meridian High SchoolGrades: 9-12Distance: 0.6 mi
- 7/10Perry Meridian Middle SchoolGrades: 7-8Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Douglas MacArthur Elementary Sch
- High: Perry Meridian High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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