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8144 E Penway St, Indianapolis, IN, 46226

3beds
2baths
1,208sqft
$159,000
$132price/sqft
$1,412/moest. monthly cost
$56,480/yrincome needed

About This Home

Welcome home to this charming 3-bedroom, 1.5-bath residence in Indianapolis! This well-maintained home features fresh paint throughout and a recently updated full bathroom, offering a clean and modern feel. The primary bedroom enjoys convenient Jack-and-Jill access to the half bath, creating a private suite-like experience. The spacious attached garage provides added convenience, while the fully fenced backyard offers plenty of room for pets, play, gardening, or entertaining. Mature trees provide shade and character, creating a peaceful outdoor setting. All appliances are included, making this home truly move-in ready with comfortable living spaces, practical updates, and a desirable backyard.

Getting Around

50
WalkingSomewhat Walkable
35
TransitSome Transit
41
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1960

Materials

  • Foundation: Slab
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Water Heater,Refrigerator,Range Hood

Bedroom2

  • Level: Main
  • Area: 143
  • Dimensions: 13x11

Bedroom3

  • Level: Main
  • Area: 144
  • Dimensions: 12x12

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 143
  • Dimensions: 13x11

Features

  • Eat-in Kitchen

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,208
  • Total interior livable area: 1,208 sqft

Kitchen

  • Level: Main
  • Area: 168
  • Dimensions: 14x12

Living Room

  • Level: Main
  • Area: 168
  • Dimensions: 14x12

Master Bedroom

  • Level: Main
  • Area: 168
  • Dimensions: 14x12

Property

Details

  • Parcel number: 490819116018000701
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 8,276 sqft

Parking

  • Total spaces: 1
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $803$9,636
Home Insurance *$162$1,944
Property Taxes $263$3,156
Electricity $184$2,212
Total$1,412$16,944
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$48,411/yr
40% on housing$42,360/yr
45% on housing$37,653/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$132This listing

vs Other Active Listings

Avg $/sqft

ZIP 46226$97
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46226$116
Marion County$131

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-12Pending sale$159,000
2026-08-04Price change$159,000
2026-07-28Price change$165,000
2026-07-21Price change$169,900
2026-07-02Price change$174,900
2026-06-18Price change$179,900
2026-06-02Listed for sale$185,000
2025-02-03Listing removed$1,300
2025-01-03Price change$1,300
2024-12-21Price change$1,000
2024-12-13Listed for rent$1,300
2019-08-03Listing removed$900
2019-07-03Listed for rent$900

For Sale by Agent

AgentLindsay Adams
BrokerageFour Points Realty LLC

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