806 Shelby St, Indianapolis, IN, 46203
About This Home
This one is truly something different. Located just a few blocks from the heart of Fountain Square, this 4 bed, 4.5 bath modern home offers flexibility you don't often see. Built in 2019, you get the benefit of newer mechanicals, including roof and HVAC, which is hard to find in this area. You're right on Shelby St, making it easy to walk to restaurants, coffee shops, and nightlife. The main living space was designed to impress, with 11 ft ceilings, large windows, and an electric fireplace with custom built-ins and mantle. The kitchen leans modern but warm, featuring white cabinetry, granite waterfall countertops, a commercial-grade gas range, custom hood, stainless appliances, and a large island with a built-in table. Upstairs, the primary suite offers a true retreat with a walk-in closet, double vanity, and tiled walk-in shower. The third floor is a standout with two balconies-one with downtown skyline views and the other overlooking Fountain Square. The finished basement adds even more versatility with a bedroom, full bath, and separate entrance, making it ideal for house hacking, Airbnb, or guest space. Outside, enjoy a composite deck, fire pit area, and a rare parking setup for this location with a garage, gated private parking, and an additional gravel lot. The home and yard are zoned residential (D5), while the additional gravel lot is zoned commercial (C5), offering added flexibility for parking, potential business use, or future opportunity. A unique opportunity with serious flexibility in one of Indy's most vibrant neighborhoods.
Getting Around
Very Walkable
Some Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 2019
Materials
- Foundation: Concrete Perimeter,Full
- Construction materials: Aluminum Siding,Cedar,Cement Siding
Other
- Builder name: Blankenship Custom
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Disposal,Gas Water Heater,Microwave,Gas Oven,Range Hood,Washer,Water Softener Owned
- Laundry features: Laundry Room,Upper Level,In Basement
Basement
- Has basement: Yes
- Basement: Ceiling - 9+ feet,Daylight,Egress Window(s),Finished,Full
Bedroom2
- Level: Upper
- Area: 168
- Dimensions: 14x12
Bedroom3
- Level: Upper
- Area: 168
- Dimensions: 14x12
Bedroom4
- Level: Basement
- Area: 132
- Dimensions: 12x11
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Bonus Room
- Level: Basement
- Area: 405
- Dimensions: 15x27
Features
- Breakfast Bar,Built-in Features,High Ceilings,Kitchen Island,Hardwood Floors,Eat-in Kitchen,Wired for Data,Smart Thermostat,Supplemental Storage,Walk-In Closet(s),Wet Bar
- Flooring: Hardwood
- Number of fireplaces: 1
- Fireplace features: Insert,Living Room
- Fireplace: Yes
- Finished area below ground: 770
Heating & Cooling
- Heating features: Natural Gas,High Efficiency (90%+ AFUE )
- Cooling features: Central Air
Interior Area
- Total structure area: 3,085
- Total interior livable area: 3,085 sqft
Kitchen
- Level: Main
- Area: 300
- Dimensions: 20x15
Living Room
- Level: Main
- Area: 361
- Dimensions: 19x19
Loft
- Level: Upper
- Area: 224
- Dimensions: 14x16
Master Bedroom
- Level: Upper
- Area: 210
- Dimensions: 15x14
Property
Details
- Parcel number: 491112199002000101
- Horse amenities: None
Features
- Levels: Three Or More
- Patio & porch: Covered,Deck
- Exterior features: Balcony,Fire Pit,Smart Lock(s)
- Fencing: Fenced,Fence Complete,Full
- Has view: Yes
- View description: City,Downtown,Skyline
Lot
- Lot size: 6,534 sqft
- Features: City Lot,Corner Lot,Irregular Lot,Sidewalks
Parking
- Total spaces: 1
- Parking features: Attached,Detached,Gravel,Garage Door Opener,Storage
- 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
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,210 | $38,520 |
| Home Insurance * | $468 | $5,616 |
| Property Taxes | $523 | $6,276 |
| Electricity | $282 | $3,393 |
| Total | $4,483 | $53,796 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Price change | $635,000 |
| 2026-05-13 | Listed for sale | $650,000 |
| 2025-09-25 | Listing removed | $730,000 |
| 2025-09-18 | Price change | $730,000 |
| 2025-07-23 | Price change | $740,000 |
| 2025-07-11 | Price change | $745,000 |
| 2025-06-20 | Listed for sale | $750,000 |
| 2019-05-03 | Sold | $569,000 |
| 2019-04-03 | Pending sale | $559,000 |
| 2019-03-15 | Price change | $559,000 |
| 2019-02-22 | Listed for sale | $569,000 |
| 2010-01-28 | Sold | $13,612 |
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