Nestled in the heart of Rocky Ripple, this 140 x 40 buildable lot offers a rare opportunity to bring your dream home to life in one of Indianapolis's most unique and sought-after neighborhoods. Surrounded by mature trees and community charm, the property is ideally situated just steps from the Central Canal Trail, with Butler University just one mile away. With minimal effort the lots can be cleared & planned - making it a true turnkey option for your next build. Whether you're ready to start construction now or planning for the future, this homesite provides a seamless path forward. A unique added bonus: the neighboring lot at 5256 Clarendon Road is also available, offering the chance to expand your footprint for a larger estate or future investment potential. This location places you near some of Indy's favorite amenities, including Cafe Patachou, Chatham Tap, Starbucks, and Tinker Coffee's Firehouse location, along with everyday conveniences at Veranda Village Shoppes less than a mile away. With parks, shops, and restaurants just minutes from your doorstep, this property offers the perfect balance of quiet neighborhood living and urban connection.
Check out this nice wooded lot in the Rocky Ripple area . . close to Central Canal Trail, Butler University and several good restaurants. It won't be long until you'll be able to build and hook into the sewer lines . . . the grinder pits have been put in, so the sewer lines will be going in soon. . . once that happens the value of the property will be going up. (((Seller also has 5256 Clarendon Rd (corner lot) listed, so this could be sold as a package deal)))
Year
Property tax
Land + Additions
Assessment*
2025
$1,808 (+180.8%)
$9,500
2024
$644 (+152.5%)
$9,500
2023
$255 (−13.7%)
$9,500
2022
$295 (−5.3%)
$9,500
2021
$312 (+4.1%)
$11,000
2020
$300 (+6.4%)
$11,000
2019
$282 (+1.2%)
$11,000
2018
$279 (+0.9%)
$11,000
2017
$276 (−56.5%)
$11,000
2016
$635 (+162.4%)
$11,000
2015
$242 (+1.3%)
$11,000
2014
$239 (+4.8%)
$11,000
2013
$228
$11,000
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
43 ft.
Lot depth
150 ft.
Lot size
6,451 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Marion County
APN
490611135335000811
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D5
COMPACT
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.
Zone overlays
Compact Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46208
Average low and high temperatures (°F)
32
18
42
26
60
40
68
49
71
54
83
66
88
72
83
65
82
60
70
49
54
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 1% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5260 Clarendon Rd
$53,274
$6,725 under list price of $60K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $153K to $340K.