For Sale
8605 E 86th St
Indianapolis, IN, 46256 • Fall Creek • Marion County
$320,000
$160/sqft
Down payment assistance available
3Beds
2Baths
2,000Sqft
2.2 acLot
1951Built
Property DNA
Ranch Style
Built 1951 · 75 years of history
Castleton Estates
Fall Creek
1 Fireplace
Family Room
2-Car Garage
Attached
Hardwood Floors
Quality flooring throughout
Just Listed
Listed Apr 9, 2026
Market activity
Demand and pricing signals for this listing
153 views
People checking out this listing
8 saves
Buyers have saved this home
$160/sqft
Price per square foot
About this home
Single Family · Built 1951
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!
Estimated monthly payment
Based on current rates
$2,004/month
Principal & Interest$1,578
Property Tax$320
Insurance$107
Down payment20% ($64,000)
3%50%
Est. 6.26% rate · 30yr fixed · $256,000 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1951
HeatingForced Air, Natural Gas
CoolingCentral Air
Parking2 Attached Garage spaces
Lot2.20 Acres
Days on Zillow0
Price/sqft$160
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleRanch
ConditionFixer
Year built1951
Stories1
Systems
HeatingForced Air, Natural Gas
CoolingCentral Air
ConstructionBrick, Stone
Water / SewerPublic
Parking & Outdoor
ParkingAttached
Garage2 spaces
Fireplaces1
Lot2.20 Acres
Location & Tax
NeighborhoodFall Creek
Annual tax$6,254
Parcel490119137001000400
Bathrooms & Fees
Full baths2
Features & details
9 categories of property features
Interior Features
Interior
Hardwood Floors
Appliances
None
Flooring
Hardwood
Heating
Forced Air
Natural Gas
Cooling
Central Air
Fireplace
Family Room
Exterior Features
Parking
Attached
Construction
Brick
Stone
Lot Features
Access
Not In Subdivision
Mature Trees
Room details
7 rooms detailed
Master Bedroom
Main16×14 ft224 sqft
Bedroom2
Main11×10 ft110 sqft
Bedroom3
Main12×10 ft120 sqft
Dining Room
Main10×10 ft100 sqft
Kitchen
Main12×14 ft168 sqft
Laundry
Main16×10 ft160 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Tax rate0.96%
Price/sqft$160
On marketApr 9, 2026
PostedApr 9, 2026
MLS statusActive
MLS updatedApr 9, 2026
Tour days9
Views153
Favorites8
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46256
Price history
1 event
DateEventPrice$/sqftSource
Apr 9, 2026Listed For Sale$320,000$160MIBOR as distributed by MLS GRID
Listed For Sale$320,000
Apr 9, 2026•$160/sqft•MIBOR as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 9, 2024$6,216$287,200
Apr 9, 2023$5,860$283,700
Apr 9, 2022$5,486$264,900
Apr 9, 2021$3,058$243,200
Apr 9, 2020$2,616$246,200
Apr 9, 2019$2,532$235,500
Apr 9, 2018$2,518$226,300
Apr 9, 2017$2,634$220,900
Apr 9, 2016$2,430$215,300
Apr 9, 2014$2,196$194,700
Apr 9, 2013$2,149$192,500
Apr 9, 2012$2,149$189,000
Apr 9, 2011—$238,000
Apr 9, 2010$2,737$234,200
Apr 9, 2009$2,681$234,200
Apr 9, 2007—$240,800
Apr 9, 2006—$204,500
Apr 9, 2005—$163,700
Apr 9, 2004—$163,700
Apr 9, 2003—$198,100
Apr 9, 2002—$101,300
Apr 9, 2001—$36,200
Apr 9, 2000—$36,200
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-09 05:37:58 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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