Homes for sale - 8023 Railroad RD, Indianapolis, IN 46217

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Jim Benson

jbenson@five-stargroup.com +1(812) 989-7450

Listed by Todd Campbell • United Real Estate Indpls

$ 425,000

Est. payment | -/mo

4 Beds

3 Baths

3,555 SqFt

Save

$ 425,000

Est. payment | -/mo

Save

4 Beds

3 Baths

3,555 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,555 sqft

Price per Sqft $119

Subdivision Hill Valley Estates

MLS Listing ID 22071204

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1980

Tax Year 2024

Lot Size 0.590 Acres

Acres 0.59

Property Sub-Type Single Family Residence

Property Description

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!

Location

State IN

County Marion

Rooms

Main Level Bedrooms 1

Kitchen Kitchen Updated

Interior

Interior Features Vaulted Ceiling(s), Hardwood Floors, In-Law Arrangement, Walk-In Closet(s), Wood Work Painted, Breakfast Bar, Wet Bar

Heating Forced Air, Heat Pump

Cooling Central Air

Equipment Smoke Alarm

Fireplace N

Appliance Dishwasher, Dryer, Disposal, MicroHood, Electric Oven, Refrigerator, Washer, Other, Microwave, Bar Fridge, Water Heater, Range Hood

Exterior

Exterior Feature Balcony, Barn Mini, Storage Shed

Garage Spaces 2.0

View Y/N true

View Trees/Woods

Building

Story Two

Foundation Crawl Space

Water Public

Architectural Style Traditional

Structure Type Cement Siding

New Construction false

Schools

Elementary Schools Douglas Macarthur Elementary Sch

High Schools Perry Meridian High School

School District Perry Township Schools

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marie@five-stargroup.com

8023 Railroad RD Indianapolis, IN 46217