Cash generating property! This is a four unit building. Apt #1 pays $500 per month. Apt #2 pays $500 per month. Apt#3 pays $750 per month. Apt #4 pays $500 per month! That is $2,250 per month. These are month to month leases. Seller pays utilities (electric, gas, water, sewer..) which averages out to $350-450 per month. Add this one to your portfolio! Cash only. Showings with an accepted offer. Buyer will then have a negotiated due diligence period to view property once offer has been accepted - investors only - no regular inspections - you can bring contractors through during your due diligence period. This is a working rental. Property across the street at 3758 Lasalle also for sale.
Sold
$120,000
3201 E 38th St, Indianapolis, IN 46218
4beds
4baths
--sqft
Multi Family, Quadruplex
Built in 1925
-- sqft lot
$120,600 Zestimate®
$--/sqft
$1,090 Estimated rent
Home value
$120,600
$113,000 - $129,000
$1,090/mo
Zestimate® history
Owner options
List your home for rent
$1,090/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,090/mo
Rent Zestimate®
Refinance and save
$603/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$603/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listing Provided by:
Joe Everhart 317-916-1052,
Everhart Studio, Ltd.,
Quinn Demaree
Bought with:
Joe Everhart
Everhart Studio, Ltd.
Quinn Demaree
Everhart Studio, Ltd.
Source: MIBOR as distributed by MLS GRID,MLS#: 22075510
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Has basement: Yes
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 10,454 sqft
Details
- Parcel number: 490720111008000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Condition
- New construction: No
- Year built: 1925
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Glencroft
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Sold | $120,000-14.3% |
Source:  MIBOR as distributed by MLS GRID #22075510 Report a problem | ||
| 3/26/2026 | Pending sale | $140,000 |
Source: MIBOR as distributed by MLS GRID #22075510 Report a problem | ||
| 2/23/2026 | Price change | $140,000-6% |
Source: MIBOR as distributed by MLS GRID #22075510 Report a problem | ||
| 12/2/2025 | Listed for sale | $149,000+98.7% |
Source: MIBOR as distributed by MLS GRID #22075510 Report a problem | ||
| 4/11/2013 | Listing removed | $75,000 |
Source: Location Realty #21171807 Report a problem | ||
| 4/18/2012 | Listed for sale | $75,000+70.8% |
Source: Location Realty #21171807 Report a problem | ||
| 8/24/2000 | Sold | $43,900 |
Source: MIBOR as distributed by MLS GRID #2028520 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,442 +0.7% | $113,400 +10.2% |
| 2024 | $2,424 +8.2% | $102,900 +0.7% |
| 2023 | $2,241 +78.2% | $102,200 +7.7% |
| 2022 | $1,257 +259.6% | $94,900 +74.1% |
| 2021 | $350 +76.3% | $54,500 +260.9% |
| 2020 | $198 -25.7% | $15,100 +79.8% |
| 2019 | $267 +20.8% | $8,400 -25% |
| 2018 | $221 -15% | $11,200 +25.8% |
| 2017 | $260 +96.6% | $8,900 +18.7% |
| 2016 | $132 -38.9% | $7,500 -25% |
| 2014 | $216 -86.5% | $10,000 -86.2% |
| 2013 | $1,597 | $72,700 +2.1% |
| 2012 | $1,597 | $71,200 -1.1% |
| 2011 | -- | $72,000 |
| 2010 | $1,497 -2.5% | $72,000 |
| 2009 | $1,534 | $72,000 -3.6% |
| 2007 | -- | $74,700 |
Find assessor info on the county website
Neighborhood: Meadows
Nearby schools
GreatSchools rating
- NAJoyce Kilmer School 69Grades: 6Distance: 0.7 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 2.5 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 2.2 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$120,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$120,600
- Indiana
- Marion County
- Indianapolis
- 46218
- Meadows
- 3201 E 38th St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Indianapolis Topics
