2537 E 40th St, Indianapolis, IN 46205
OFF MARKET

2537 E 40th St
Indianapolis, IN 46205

Meadows
  • 2 Beds
  • 1 Bath
  • 840 sqft

$84,800

Trulia Estimate
as of May 28, 2026
Est. Refi. Payment $572/mo*
Refinance Your Home

$84,800

Trulia Estimate
as of May 28, 2026
Est. Refi. Payment $572/mo*
Refinance Your Home
2 Beds
1 Bath
840 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

2537 E 40th St

LOW DOWN PAYMENT
HOMES ON PAYMENTS
FIX-UP HOMES
LOCATED IN
INDIANAPOLIS, INDIANA

2537 E 40th St Indianapolis, Indiana 46205
2 Bedrooms . . . . . 1 Bath . . . . . No Garage

Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $99,900
Monthly Payment . . . . . . . . . . . . . . . . . . . . . . $799
Down Payment . . . . . . . . . . . . . . . . . . . . . . . $800

Efficient home on a corner lot located close to shopping and public transit.
Large windows let plenty of light into this one.
Needs lots of work, but priced to sell. Great investment!

Our Homes on Payments Fix-Up Home Program offers home purchasing opportunities
for families, individuals and investors in the Central Indiana area.

Get qualified for a Homes on Payments home in just 3 days with little or nothing down.
Our Homes on Payments homes are easy to qualify and bad credit is OK.

Why throw your money away renting when you can purchase your own Homes on Payments home.

Offered By: Rainbow Realty Group, Inc.

WINDSOR VILLAGE OFFICE (EAST)
6104 E 21st Street
Indianapolis, Indiana

The owners of Rainbow Realty Group, Inc. have been in the Real Estate Business since 1974.
They have bought and sold over 1000 homes and have a reputation of being fair but firm.

This Homes on Payments property has a sales price of $99,900 with $800 down and $799 monthly.
Term is 30 years under a purchase contract at a fixed rate of interest (8.49%).
There are. . . NO "pre-payment penalties". . . NO "balloon payments". . . NO "adjustable rates"
or ANY "adverse conditions" to make you lose your property. Taxes ARE included in payment.
The only way you will ever lose your home or property... is if YOU don't make your payments.
All properties are offered in "AS-IS" condition to be used as investment income properties.
Properties may not be rented, lived in or used as a dwelling until property is brought up to
minimum habitability standards. Buyer agrees to pay the cost of all repairs and maintenance.

We have Homes on Payments Fix-Up Homes Everywhere... Rainbow Realty Group Indianapolis, Anderson, Fortville, Greenfield & Shelbyville

This Homes on Payments property has a sales price of $99,900 with $800 down and $799 monthly.
Term is 30 years under a purchase contract at a fixed rate of interest (8.49%).
There are. . . NO "pre-payment penalties". . . NO "balloon payments". . . NO "adjustable rates"
or ANY "adverse conditions" to make you lose your property. Taxes ARE included in payment.
The only way you will ever lose your home or property... is if YOU don't make your payments.
All properties are offered in "AS-IS" condition to be used as investment income properties.
Properties may not be rented, lived in or used as a dwelling until property is brought up to
minimum habitability standards. Buyer agrees to pay the cost of all repairs and maintenance
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from November 12, 2025

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 2537 E 40th St

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: Rent to OwnAvailable: now

Price History for 2537 E 40th St

DatePriceEventSource
11/17/2025$799ListingRemovedZillow Rentals
11/12/2025$799Listed For RentZillow Rentals
06/15/2020$449ListingRemovedAgent Provided
11/22/2019$449Listed For RentAgent Provided
12/05/2001$19,500Sold
MIBOR as distributed by MLS GRID #2150210
Skip to last item
  • Results are loading
Skip to first item

Property Tax and Assessment

Year2025
Tax$386
Assessment$60,900
Home facts updated by county records

Comparable Sales for 2537 E 40th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2619 E 40th St, Indianapolis, IN
0.05
Single-Family Home
$50,000
06/04/25
3
1
912
3841 N Temple Ave, Indianapolis, IN
0.11
Single-Family Home
$89,900
12/22/25
2
1
1,632
3829 N Temple Ave, Indianapolis, IN
0.13
Single-Family Home
$87,700
08/05/25
2
1
1,632
2740 E 37th St, Indianapolis, IN
0.34
Single-Family Home
$65,000
11/06/25
2
1
1,552
3932 Millersville Dr, Indianapolis, IN
0.30
Single-Family Home
$100,000
09/04/25
3
1
925
4129 N Tacoma Ave, Indianapolis, IN
0.20
Single-Family Home
$185,000
05/22/26
2
1
1,792
3932 Caroline Ave, Indianapolis, IN
0.37
Single-Family Home
$103,000
06/02/25
2
1
1,315
3905 Millersville Dr, Indianapolis, IN
0.28
Single-Family Home
$90,000
02/17/26
2
1
2,142
3524 Brouse Ave, Indianapolis, IN
0.55
Single-Family Home
$77,000
12/05/25
2
1
942
3737 N Oxford St, Indianapolis, IN
0.37
Single-Family Home
$75,000
08/21/25
2
1
1,900

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 2537 E 40th St.
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

  • 78 % Say car is needed

  • 72 % Say there are sidewalks

  • 67 % Say it's walkable to grocery stores

  • 63 % Say it's dog friendly

  • 51 % Say it's walkable to restaurants

  • 50 % Say there's holiday spirit

  • 49 % 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

  • 38 % Say it's quiet

  • 30 % Say people would walk alone at night

  • 25 % 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

Apartments for Rent

Skip to last item
Skip to first item

Explore by feature

Homes for sale near 2537 E 40th St

Skip to last item
Skip to first item

Off Market Homes Near 2537 E 40th St

Skip to last item
Skip to first item

Homes for rent near 2537 E 40th St

Skip to last item
Skip to first item
2537 E 40th St, Indianapolis, IN 46205 is a 2 bedroom, 1 bathroom, 840 sqft single-family home. 2537 E 40th St is located in Meadows, Indianapolis. This property is not currently available for sale. 2537 E 40th St was last sold on Dec 5, 2001 for $19,500 (2,341% higher than the asking price of $799). The current Trulia Estimate for 2537 E 40th St is $84,800.