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840 Oswego Road, Carmel, IN 46032

Carmel Arts District · Hamilton County

Key Facts

3Beds
1Baths
1,094Sq Ft
1952Year Built
0.23Lot (acres)
2Garage

Description

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 extends 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.

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Traditional

Year Built

1952

Living Area

1,094 sq ft

Lot Size

0.23 acres

Garage Spaces

2

Days on Market

12

MLS® Listing#

22113195

Property Features

Interior

Kitchen IslandSmart Thermostat

Appliances

Electric CooktopGas Water HeaterMicrowaveElectric OvenRefrigeratorWater Heater

Cooling

Central Air

Heating

Natural Gas

Parking

Attached

Laundry

In Unit

Construction

Brick

Foundation

Block

Water Source

Public

Schools

High:
Carmel High School

Financial Details

HOA

None

Parcel Number

291031110006001018

Directions

GPS Friendly

Affordability Calculator

$80,000

Estimated monthly payment

$2,129/mo

Principal $320,000 · Est. interest $446,428 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Carmel, IN

$580,000
Median Listing Price
47
Median Days on Market
2,315
Median Sq Ft
$223
Median Price / Sq Ft
220
Active Listings
  • This home’s price is 31% below the area median.
  • Its price per sq ft is 64% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Carmel, IN.

Location

Map showing the location of 840 Oswego Road, Carmel, IN 46032

Points of Interest in Carmel, IN

Showing the Carmel area map.

Nearby Schools

  • Carmel United Methodist Church Preschool

    School · 0.3 mi away

  • Acorn Montessori School

    Elementary · 0.4 mi away

  • Carmel Elementary School

    Elementary · 0.5 mi away

  • Goddard School

    School · 0.6 mi away

  • Clay Montessori School

    Elementary · 0.7 mi away

  • Highlands Latin School

    Elementary · 0.7 mi away

  • Options Charter School

    School · 0.8 mi away

  • Starting Line Preschool

    School · 0.8 mi away

  • Carmel High School

    Secondary · 0.8 mi away

  • Midwest Academy

    School · 0.9 mi away

  • Coram Deo Academy

    School · 0.9 mi away

  • Carmel Middle School

    Secondary · 1.1 mi away

  • Primrose Schools

    Elementary · 1.2 mi away

  • Mohawk Trails Elementary School

    Elementary · 1.3 mi away

  • The Creme School of Carmel, in

    School · 1.4 mi away

  • Carmel Clay Schools

    Elementary · 1.7 mi away

  • Carmel Montessori School

    Elementary · 1.7 mi away

  • Forest Dale Elementary School

    Elementary · 1.8 mi away

  • Peter Rabbit Nursery School

    Elementary · 2.0 mi away

  • Carmel Clay Schools

    Elementary · 2.1 mi away

Commute Calculator

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Nearby Homes

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Similar Home Values

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Moving Cost Estimate

EXIT Agents in Carmel

Listing Courtesy: E-Rocks Real Estate - chad@e-Rocksrealestate.com

Listings courtesy of MIBOR as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID, use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. 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.

Last Updated: 2026-07-09

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Data provided by MIBOR. MLS® Listing#22113195. © 2026EXIT Realty®. All rights reserved.