Exceptional opportunity at 8605 E. 86th Street in a highly desirable Indianapolis location! Situated on a rare 2-acre parcel, this property offers incredible potential for homeowners, builders, or investors alike. With city utilities already connected, the groundwork is in place for your vision-whether you're looking to renovate, build new, or explore the possibility of subdividing or creating a mini-plat (buyer to verify). The expansive lot provides flexibility that's hard to find in this area. The existing home is being sold as-is, making it a perfect candidate for a renovation project or a complete redevelopment. Ideally located near shopping, dining, and major thoroughfares, this property combines prime location with development potential-a rare find in today's market. Don't miss your chance to unlock the possibilities this unique property has to offer!
Sold
$320,000
8605 E 86th St, Indianapolis, IN 46256
3beds
2,000sqft
Residential, Single Family Residence
Built in 1951
2.2 Acres Lot
$321,600 Zestimate®
$160/sqft
$2,291 Estimated rent
Home value
$321,600
$302,000 - $344,000
$2,291/mo
Zestimate® history
Owner options
List your home for rent
$2,291/mo
Rent Zestimate®
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$2,291/mo
Rent Zestimate®
Refinance and save
$1,996/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,996/mo
Est. payment
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List your homeWhat's special
Expansive lot
Zillow last checked:
Listing updated:
Listing Provided by:
Kim Carpenter 317-509-4000,
Trueblood Real Estate,
Joshua Carpenter,
Trueblood Real Estate
Bought with:
Connie Wilson
Carpenter, REALTORS®
Source: MIBOR as distributed by MLS GRID,MLS#: 22093666
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16x14
Bedroom 2
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Bedroom 3
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Dining room
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Kitchen
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12x14
Laundry
- Level: Main
- Area: 160 Square Feet
- Dimensions: 16x10
Living room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: None
Features
- Hardwood Floors
- Flooring: Hardwood
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Family Room
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 2.20 Acres
- Features: Access, Not In Subdivision, Mature Trees
Details
- Parcel number: 490119137001000400
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Stone
- Foundation: Crawl Space
Condition
- Fixer
- New construction: No
- Year built: 1951
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Castleton Estates
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Sold | $320,000$160/sqft |
Source:  MIBOR as distributed by MLS GRID #22093666 Report a problem | ||
| 4/19/2026 | Pending sale | $320,000$160/sqft |
Source: MIBOR as distributed by MLS GRID #22093666 Report a problem | ||
| 4/9/2026 | Listed for sale | $320,000$160/sqft |
Source: MIBOR as distributed by MLS GRID #22093666 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,254 +0.6% | $300,000 +4.5% |
| 2024 | $6,216 +6.1% | $287,200 +1.2% |
| 2023 | $5,860 +6.8% | $283,700 +7.1% |
| 2022 | $5,486 +79.4% | $264,900 +8.9% |
| 2021 | $3,058 +16.9% | $243,200 -1.2% |
| 2020 | $2,616 +3.3% | $246,200 +4.5% |
| 2019 | $2,532 +0.5% | $235,500 +4.1% |
| 2018 | $2,518 -4.4% | $226,300 +2.4% |
| 2017 | $2,634 +8.4% | $220,900 +2.6% |
| 2016 | $2,430 +10.6% | $215,300 +10.6% |
| 2014 | $2,196 +2.2% | $194,700 +1.1% |
| 2013 | $2,149 | $192,500 +1.9% |
| 2012 | $2,149 | $189,000 -20.6% |
| 2011 | -- | $238,000 +1.6% |
| 2010 | $2,737 +2.1% | $234,200 |
| 2009 | $2,681 | $234,200 -2.7% |
| 2007 | -- | $240,800 +17.8% |
| 2006 | -- | $204,500 +24.9% |
| 2005 | -- | $163,700 |
| 2004 | -- | $163,700 -17.4% |
| 2003 | -- | $198,100 +95.6% |
| 2002 | -- | $101,300 +179.8% |
| 2001 | -- | $36,200 |
| 2000 | -- | $36,200 |
Find assessor info on the county website
Neighborhood: Fall Creek
Nearby schools
GreatSchools rating
- 6/10Mary Evelyn Castle Elementary SchoolGrades: 1-6Distance: 0.3 mi
- 5/10Fall Creek Valley Middle SchoolGrades: 7-8Distance: 3.1 mi
- 5/10Lawrence North High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$321,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$321,600
- Indiana
- Marion County
- Indianapolis
- 46256
- Fall Creek
- 8605 E 86th St
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