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840 Oswego Road

Carmel, IN 46032
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Bed 3

Bed

Bath 1

Bath

SqFt1,094

Sqft

Acres0.23

Acre(Lot)

Rare opportunities like this don't come along often! Perfectly positioned in the heart of the highly sought-after Carmel Arts & Design District, this property offers exceptional flexibility for homeowners, investors, and builders alike. Whether you're searching for a move-in-ready home, a rental investment, or the ideal location for a custom luxury residence, this property delivers outstanding potential. The existing home has been thoughtfully updated, making it ready to enjoy from day one. Recent improvements include a new roof, updated water lines, water heater, appliances, and other key upgrades that provide peace of mind while preserving future possibilities. Live comfortably now while planning for tomorrow, or generate rental income as you explore long-term options. The true value ex tends beyond the home itself. Situated on one of the few remaining residential lots in this highly desirable area, the property presents an exceptional opportunity to design and build a custom home surrounded by established luxury residences and ongoing redevelopment. As demand for new construction continues in this vibrant neighborhood, opportunities to secure a homesite of this caliber have become increasingly rare. Enjoy easy access to the Carmel Arts & Design District's renowned collection of local restaurants, boutiques, galleries, entertainment venues, community events, parks, and trails. The combination of walkability, convenience, and a thriving atmosphere makes this one of Central Indiana's most desirable locations. Whether your vision is creating a stunning custom residence, expanding your investment portfolio, or owning property in one of Carmel's premier neighborhoods, this versatile offering provides the location, updates, and future potential to make it an exceptional investment. Don't miss your chance to secure one of the area's last available homesites.

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Detail Ic Property Details

Property Type : Residential

Price : $400,000

AD Id : 87826764

MLS Id : MBR22113195

Beds : 3

Lot Size : 0.23 Acre

Living Area Size : 1,094

Year Built : 1952

Garage : 2

County : Hamilton

Subdivision: No Subdivision

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Feature Features

  • Bedroom Information

    Total Bedroom: 3

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Room Information

    Rooms Total: 6

    Interior Features

    Kitchen Island, Smart Thermostat Appliances: Electric Cooktop, Gas Water Heater, Microwave, Electric Oven, Refrigerator, Water Heater Laundry Features: In Unit
  • Flooring Information

    Construction Materials: Brick
  • Heating & Cooling

    Heating: Natural Gas Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1952

  • Lot Information

    Lot Square Feet: 10019 Lot Acres: 0.23

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Style: Traditional

  • Listing Price Information

    Original List Price:$400000

  • Tax Information

    Tax Lot: 86 Tax Legal Description: Acreage .00, Section 31, Township 18, Range 4, Newark, Lot Pt 86 Tax Year: 2025 Parcel Number: 291031110006001018

  • Parking Information

    Attached

    Garage Information

    Has Garage: Yes Garage Space: 2 Garage SQFT: 550

  • School Information

    Senior High School: Carmel High School
  • Utility Information

    Water Source: Public
  • Location Information

    Subdivision: Carmel Arts District City: Carmel Direction: GPS Friendly
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2922 Brooks Bend Drive, Carmel, IN, 46032 $385,000 3 2 1,537 1,537 SqFt
444 Ash Drive, Carmel, IN, 46032 $440,000 3 2 1,673 1,673 SqFt
1135 Valentine Lane, Carmel, IN, 46032 $560,000 3 3 1,997 1,997 SqFt
242 Beechmont Drive, Carmel, IN, 46032 $560,000 4 3 3,054 3,054 SqFt
994 Astor Lane, Carmel, IN, 46032 $485,000 2 3 1,659 1,659 SqFt
892 Templeton Drive, Carmel, IN, 46032 $549,900 3 3 1,996 1,996 SqFt
512 Lexington Boulevard, Carmel, IN, 46032 $498,000 4 3 1,486 1,486 SqFt
912 W Auman Drive, Carmel, IN, 46032 $435,000 3 1 960 960 SqFt
310 2nd Street, Carmel, IN, 46032 $750,000 4 2 3,458 3,458 SqFt
121 SE 1st Street, Carmel, IN, 46032 $675,000 3 2 2,274 2,274 SqFt
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ByOwner last updated this listing 07/21/2026 @ 06:20

MLS: MIBOR #22113195 LISTED BY: Chad Everts, E-Rocks Real Estate 317-513-4409 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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