2521 E 40th St, Indianapolis, IN 46205
Property image
Property image
OFF MARKET

$119,200

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 1,236 sqft

2521 E 40th St, Indianapolis, IN 46205

Meadows
Est. Refi. Payment $808/mo*
Refinance Your Home
Currently Off Market - Sold May 20, 2024 for $65,000

Home Value

Trulia Estimate
$119K
Since last month
Decreased$3K (-2.8%)
Since last year
Decreased$10K (-7.8%)
Since last sale
Increased$53K (+81.2%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +399% in the last 10 years
MonthEstimated value
2026
September 2026$118K
August 2026$119K
July 2026$121K
June 2026$125K
May 2026$127K
April 2026$122K
March 2026$125K
February 2026$127K
January 2026$121K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3913 N Temple Ave, Indianapolis, IN
0.08
Single-Family Home
$110,000
08/21/26
2
1
1,440
4024 Eastern Ave, Indianapolis, IN
0.12
Single-Family Home
$95,000
07/30/26
2
1
1,560
3841 N Temple Ave, Indianapolis, IN
0.12
Single-Family Home
$89,900
12/22/25
2
1
1,632
3719 Kinnear Ave, Indianapolis, IN
0.49
Single-Family Home
$62,500
01/16/26
2
1
1,392
2740 E 37th St, Indianapolis, IN
0.36
Single-Family Home
$65,000
11/06/25
2
1
1,552
3724 Caroline Ave, Indianapolis, IN
0.46
Single-Family Home
$72,000
10/21/25
3
1
1,032
4129 N Tacoma Ave, Indianapolis, IN
0.19
Single-Family Home
$185,000
05/22/26
2
1
1,792
2964 E 42nd St, Indianapolis, IN
0.43
Single-Family Home
$55,000
04/17/26
3
1
1,564
3031 E 38th St, Indianapolis, IN
0.44
Single-Family Home
$100,000
02/27/26
2
1
1,371

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
3906 N Tacoma Ave, Indianapolis, IN 46205
0.09
$174,900
3
2
2,856
For Sale
3935 N Temple Ave, Indianapolis, IN 46205
0.06
$89,900
2
1
1,920
Off Market
3913 N Temple Ave, Indianapolis, IN 46205
0.08
$110,000
2
1
1,440
Recently Sold
4016 N Tacoma Ave, Indianapolis, IN 46205
0.07
$201,200
4
1.5
2,456
Off Market
4022 N Tacoma Ave, Indianapolis, IN 46205
0.08
$110,000
4
1.5
2,236
Recently Sold
3841 N Temple Ave, Indianapolis, IN 46205
0.12
$89,900
2
1
1,632
Recently Sold
3821 N Tacoma Ave, Indianapolis, IN 46205
0.14
$116,000
2
1
1,632
For Sale
2636 E 40th St, Indianapolis, IN 46205
0.09
$164,000
3
1
2,976
For Sale
3829 N Temple Ave, Indianapolis, IN 46205
0.14
$123,400
2
1
1,632
Off Market
4034 N Temple Ave, Indianapolis, IN 46205
0.10
$72,500
2
1
1,052
Off Market
4024 Eastern Ave, Indianapolis, IN 46205
0.12
$95,000
2
1
1,560
Recently Sold

Local Information

  • Map ViewExplore the area around 2521 E 40th St.
  • Schools5 Preschool Schools9 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1924
1,236 sqft
$96/sqft

About this House

Charming Bungalow in the heart of the city. This 2 Bedroom home offers a large living room, dining room, and a generous sized kitchen. Take note of the large basement that makes for great storage. Take notice of the large back yard. This home is conveniently located near the fairgrounds, downtown, parks, dining, retail, and entertainment.
2521 E 40th St, Indianapolis, IN 46205 is a 2 bedroom, 1 bathroom, 1,236 sqft single-family home in Meadows, built in 1924. It last sold for $65,000 on May 20, 2024 (7% below the $69,900 asking price). More recently, it was listed as a rental in August 2025 with an asking price of $1,250 per month. That rental listing was removed on September 17, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $119,200, with a rent estimate of $1,467/month.
Last check for updates: about 2 hours ago
Listed by Christopher Wynkoop
Wynkoop Brokerage Firm, LLC
Bought with: Christopher Wynkoop, Wynkoop Brokerage Firm, LLC
Source: MIBOR as distributed by MLS GRID, MLS#21938118

Home Details for 2521 E 40th St

Active Status

MLS Status: Sold

Interior Features

Interior Details
Number of Rooms: 5Types of Rooms: Master Bedroom, Bedroom 2
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1236 Square Feet
Appliances & Utilities
Appliances: Electric Water Heater, Electric Oven, RefrigeratorRefrigerator
Heating & Cooling
Heating: Forced AirNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Levels: One

Exterior Features

Exterior Home Features
Foundation: Block
Parking & Garage
No Garage
Farm & Range
Horse Amenities: None

Days on Market

Cumulative Days on Market: 168

Property Information

Year Built
Year Built: 1924
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Bungalow
Building
Construction Materials: Wood SidingNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 490717112124000801

Price & Status

Price
List Price: $69,900
Status Change & Dates
Off Market Date: Tue Apr 09 2024Possession Timing: Close Of Escrow

Location

Direction & Address
City: IndianapolisCommunity: Waldemere
School Information
High School District: Indianapolis Public Schools

Building

Building Area
Building Area: 1236 Square Feet

HOA

No HOA

Lot Information

Lot Area: 5227.2 sqft

Miscellaneous

BasementMls Number: 21938118Attic: Access Only

Price and Tax history

DateEventPrice
Sep 17, 2025
Source: Zillow Rentals
ListingRemoved
$1,150
Sep 11, 2025
Source: Zillow Rentals
PriceChange
$1,150
Price decreased by 8%
Aug 21, 2025
Source: Zillow Rentals
Listed For Rent
$1,250
Oct 7, 2024
Source: Zillow Rentals
ListingRemoved
$1,150
Oct 7, 2024
Source: Zillow Rentals
PriceChange
$1,150
Price decreased by 8%

Market trends in Indianapolis

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$257K
$6.7KMoM
Sale-to-List Price
99.7%
0.1%MoM
Price per sq ft
$145
$1MoM
Available listings
4241
187MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Meadows
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Meadows

At least 23 Trulia users voted on each feature.

  • 87 % Say yards are well-kept

  • 83 % Say kids play outside

  • 80 % Say parking is easy

  • 79 % Say car is needed

  • 72 % Say there are sidewalks

  • 68 % Say it's walkable to grocery stores

  • 63 % Say it's dog friendly

  • 51 % Say it's walkable to restaurants

  • 51 % Say there's holiday spirit

  • 50 % Say neighbors are friendly

  • 44 % Say streets are well-lit

  • 44 % Say they plan to stay for at least 5 years

  • 41 % Say there's wildlife

  • 40 % Say it's quiet

  • 32 % Say people would walk alone at night

  • 24 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Ok. There’s sometimes too much traffic but, I guess that’s normal. Some traffic lights could be synced better. And they need to do something about the potholes in some of the central downtown area of Indianapolis. More turn signals could be added to some of these lights as well may I add. Other than that it really just depends on where you stay on how you feel how the area is. I can’t complain. Indianapolis is an amazing place to raise a beautiful family as well as go to school. Great learning opportunities and the nightlife is cool. It can get violet sometimes, especially with the youth right now, but I truly believe that Indianapolis can get better. It’s up to the elders, middle aged, and adults to come together to help our community come back togethers as one. It definitely takes a village for our youth so we might as well come back together as a village to finish helping grow our youth and younger generation into the smart people they can be."
    0
    Flag
  • Dawn Williams
    "I really like the neighborhood and the location, but I wish they would do a better job cleaning up the crime around here"
    0
    Flag
  • Leslie Brown
    "For their children to watch out for the stray dogs in the neighborhood and it’s a couple of parks for the kids to go to when it’s warm out and they have swimming pools as well "
    0
    Flag
  • Leslie Brown
    "The neighbors are friendly and people walk their dogs the dogs never bother anyone and I feel safe most the time. I’ve never had any problems "
    0
    Flag
  • Trulia User
    "It’s a quite neighborhood for the most part neighbors do watch out for each other. There is a church right on Schofield to attend and the schools are close by"
    0
    Flag
  • Dena J.
    "Dogs are usually on a leash. Dog owner’s should not have a problem with other dogs in this neighborhood."
    3
    Flag
  • Brandy J.
    "My neighborhood is quiet for the area i am in, and washington park is in walking distance. Also, the bus line is close for someone who takes the bus."
    0
    Flag
  • Julie L. C.
    "Nota horrible place to live. Not to much going on around, I know I am safe sitting outside. Not to busy."
    2
    Flag
  • Glentmoxley
    "The Family Dollar on 38th st use to get robbed every week. Now it's only once a month so it's improving. "
    80
    Flag
  • brandy j.
    "they look out for us. they would watch our house when we leave. we love how quiet it is. no one bothers you but they say hi and wave and a couole of them will ask how we are doing. it feels nice to. see people smile at you when your outside "
    1
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-17 12:13:20 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 2521 E 40th St

  • What is 2521 E 40th St estimated to be worth?
    Trulia's estimated value for 2521 E 40th St in Indianapolis, IN is $119,200.
  • What is the price history for 2521 E 40th St?
    2521 E 40th St in Indianapolis, IN last sold for $65,000 in May 2024.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $257K. That is up $6.7K from the prior month.
  • How big is the lot at 2521 E 40th St?
    The lot at 2521 E 40th St in Indianapolis, IN is about 0.12 acres (5,227 sq ft).

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