8023 Railroad Road Indianapolis, IN 46217
Listing Courtesy of: MIBOR / United Real Estate Indpls

  8023 Railroad Road Indianapolis, IN 46217

Pending (28 Days)
$425,000 (USD)
4
BED
3
BATH
3,555
SQFT

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!

MLS #:
22071204
Taxes
$2,162(2024)
Lot Size
0.59 acres
Type
Single-Family Home
Year Built
1980
Views
Trees/Woods
School District
Perry Township Schools
County
Marion County
Community
Perry

Listed By

Todd Campbell, United Real Estate Indpls
Source
MIBOR
Last checked Jan 12 2026 at 6:06 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Interior Features
  • Living Room Formal
  • Bath Jack-N-Jill
  • Family Room 2nd Story
  • Utility Room
  • Laundry In Unit
  • Electric Oven
  • Microwave
  • Refrigerator
  • Dryer
  • Washer
  • Dishwasher
  • Disposal
  • Range Hood
  • Microhood
  • Bar Fridge
  • Water Heater
Subdivision
  • Hill Valley Estates
Property Features
  • Fireplace: 1
  • Fireplace: Free Standing
  • Foundation: Crawl Space
Heating and Cooling
  • Forced Air
  • Heat Pump
  • Wood Stove
  • Central Air
Pool Information
  • Outdoor Pool
  • Fenced
  • In Ground
Exterior Features
  • Cement Siding
School Information
  • High School: Perry Meridian High School
Stories
  • 2
Living Area
  • 3,555 sqft
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 Scheetz and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2023 Metropolitan Indianapolis Board of Realtors (MIBOR). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/20/23 06:55