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Sold
    • $185,000

    551 E 40th St, Indianapolis, IN 46205

    2beds
    2,448sqft
    Residential, Single Family Residence
    Built in 1915
    3,920 Square Feet Lot
    $378,200 Zestimate®
    $76/sqft
    $1,360 Estimated rent

    Home value

    $378,200

    $359,000 - $397,000

    $1,360/mo

    Zestimate® history
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    What's special

    Opportunity Awaits at 551 E 40th Street! Located in the desirable Midtown area, close to the Indiana State Fairgrounds, this charming property offers a fantastic investment or renovation opportunity. Featuring classic architectural details and tons of potential, this home is being sold AS-IS - allowing you to bring your vision to life. With its spacious layout, original character, and prime location near downtown, restaurants, parks, and shopping, it's perfect for investors, flippers, or buyers looking to customize their next home. Room sizes have been measured for marketing purposes but are not guaranteed. Buyers are encouraged to verify all measurements and square footage independently prior to making an offer. Don't miss your chance to create something special in one of Indianapolis' vibrant and growing neighborhoods!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jessica Hamilton 317-572-8313,

    Fathom Realty

    Bought with:

    Alex Montagano

    eXp Realty, LLC

    Andrew Hehman

    eXp Realty, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22035501MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Primary bathroom
    • Features: Tub Full with Separate Shower
    Heating
    • Forced Air, Natural Gas
    Appliances
    • Included: Other, Refrigerator
    • Laundry: In Basement
    Features
    • Attic Stairway, Bookcases, Vaulted Ceiling(s)
    • Basement: Unfinished
    • Attic: Permanent Stairs
    • Number of fireplaces: 1
    • Fireplace features: Non Functional, Living Room
    Interior area
    • Total structure area: 2,448
    • Total interior livable area: 2,448 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Street Only
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Porch
    Lot
    • Size: 3,920 Square Feet
    • Features: Corner Lot, Not In Subdivision, Sidewalks
    Details
    • Parcel number: 490613125108000801
    • Special conditions: None,As Is,Sales Disclosure On File,Sales Disclosure Supplements
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Residential, Single Family Residence
    Materials
    • Brick, Wood
    • Foundation: Brick/Mortar
    Condition
    • New construction: No
    • Year built: 1915

    Utilities & green energy

    • Electric: 100 Amp Service
    • Water: Municipal/City

    Community & HOA

    Community
    • Subdivision: Ardmore
    HOA
    • Has HOA: No
    Location
    • Region: Indianapolis

    Financial & listing details

    • Price per square foot: $76/sqft
    • Tax assessed value: $224,200
    • Annual tax amount: $2,272
    • Date on market: 4/30/2025
    • Cumulative days on market: 11 days

    Price history

    DateEventPrice
    6/9/2026Listing removed$385,000$157/sqft
    Source: eXp Realty #22071469 Report a problem
    5/20/2026Listed for sale$385,000+4.8%$157/sqft
    Source: MIBOR as distributed by MLS GRID #22071469 Report a problem
    5/12/2026Listing removed$2,900$1/sqft
    Source: Zillow Rentals Report a problem
    5/10/2026Listing removed$367,500$150/sqft
    Source: eXp Realty #22071469 Report a problem
    5/8/2026Listed for rent$2,900$1/sqft
    Source: Zillow Rentals Report a problem
    4/1/2026Price change$367,500-2%$150/sqft
    Source: MIBOR as distributed by MLS GRID #22071469 Report a problem
    3/23/2026Listed for sale$375,000$153/sqft
    Source: MIBOR as distributed by MLS GRID #22071469 Report a problem
    3/16/2026Pending sale$375,000$153/sqft
    Source: MIBOR as distributed by MLS GRID #22071469 Report a problem
    1/14/2026Price change$375,000-2.6%$153/sqft
    Source: MIBOR as distributed by MLS GRID #22071469 Report a problem
    1/6/2026Price change$384,900-1.8%$157/sqft
    Source: MIBOR as distributed by MLS GRID #22071469 Report a problem
    12/4/2025Price change$392,000-0.8%$160/sqft
    Source: MIBOR as distributed by MLS GRID #22071469 Report a problem
    11/19/2025Price change$395,000-1.2%$161/sqft
    Source: MIBOR as distributed by MLS GRID #22071469 Report a problem
    11/11/2025Price change$399,900-3.6%$163/sqft
    Source: MIBOR as distributed by MLS GRID #22071469 Report a problem
    11/4/2025Listed for sale$415,000+124.3%$170/sqft
    Source: MIBOR as distributed by MLS GRID #22071469 Report a problem
    6/6/2025Sold$185,000-17.8%$76/sqft
    Source: MIBOR as distributed by MLS GRID #22035501 Report a problem
    5/17/2025Pending sale$225,000$92/sqft
    Source: MIBOR as distributed by MLS GRID #22035501 Report a problem
    5/15/2025Listed for sale$225,000$92/sqft
    Source: MIBOR as distributed by MLS GRID #22035501 Report a problem
    5/12/2025Pending sale$225,000$92/sqft
    Source: MIBOR as distributed by MLS GRID #22035501 Report a problem
    5/6/2025Price change$225,000-10%$92/sqft
    Source: MIBOR as distributed by MLS GRID #22035501 Report a problem
    5/4/2025Pending sale$250,000$102/sqft
    Source: MIBOR as distributed by MLS GRID #22035501 Report a problem
    4/30/2025Listed for sale$250,000$102/sqft
    Source: MIBOR as distributed by MLS GRID #22035501 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,358 +8.9%$224,200 +11.9%
    2024$2,166 -4.7%$200,300 +7.8%
    2023$2,273 +11.5%$185,800 -4%
    2022$2,037 +5.2%$193,500 +8.6%
    2021$1,936 +3.6%$178,100 +5.3%
    2020$1,869 +3.1%$169,100 +5.2%
    2019$1,813 -57.5%$160,800 +3.7%
    2018$4,263 +2.5%$155,100 -1.9%
    2017$4,161 +184.4%$158,100 +11.4%
    2016$1,463 -7.3%$141,900 -4%
    2014$1,577 +6.3%$147,800 +6.3%
    2013$1,484 $139,000 +2.7%
    2012$1,484 $135,400 +10.5%
    2011-- $122,500
    2010$1,261 -4.1%$122,500 -2.8%
    2009$1,314 $126,000 +26.9%
    2007-- $99,300 -11.7%
    2006-- $112,500 +97%
    2005-- $57,100
    2004-- $57,100
    2003-- $57,100 +186.9%
    2002-- $19,900 +200.2%
    2001-- $6,630
    2000-- $6,630
    Find assessor info on the county website

    Neighborhood: Meridian Kessler

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Middle: James Whitcomb Riley School 43
    • High: Arsenal Technical High School

    Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $378,200
    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
    $378,200

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