315 E  Thompson Rd, Indianapolis, IN 46227
OFF MARKET

$271,300

Trulia Estimate
  • 5 Beds
  • 1 Bath
  • 986 sqft (on 0.34 acres)

315 E Thompson Rd, Indianapolis, IN 46227

Southdale
Est. Refi. Payment $1,754/mo*
Refinance Your Home

Home Value

Trulia Estimate
$271K
Since last month
Decreased$5K (-2%)
Since last year
Decreased$13K (-4.6%)
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 +159% in the last 10 years
MonthEstimated value
2026
September 2026$271K
August 2026$277K
July 2026$282K
June 2026$282K
May 2026$273K
April 2026$266K
March 2026$278K
February 2026$282K
January 2026$271K
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
1.06
Multi-Family Home
$220,000
09/26/25
4
2
-
0.96
Multi-Family Home
$220,000
08/14/26
4
4
-
1.14
Multi-Family Home
$250,000
04/03/26
4
2
-
1.32
Multi-Family Home
$315,000
07/10/26
4
4
-
1.48
Multi-Family Home
$295,000
07/02/26
5
3
-
1.75
Multi-Family Home
$196,000
08/17/26
4
2
-
2.09
Multi-Family Home
$131,000
07/29/26
4
2
-
2.07
Multi-Family Home
$265,000
08/10/26
5
4
-
2.59
Multi-Family Home
$281,400
05/11/26
2
1
-
2.59
Multi-Family Home
$162,000
05/14/26
2
1
-

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
0.11
$274,900
3
1.5
1,630
Off Market
0.12
$285,600
3
1
2,504
Off Market
0.10
$299,000
-
-
-
For Sale
0.14
$268,000
4
2
3,058
Off Market
0.17
$205,000
2
2
1,069
Recently Sold
0.17
$229,999
3
2
1,556
Recently Sold
0.17
$288,900
3
2
1,320
Off Market
0.19
$217,000
2
2
1,310
Recently Sold
0.19
$222,000
2
1
1,420
Off Market
0.14
$240,100
2
1
1,625
Off Market
0.19
$269,900
3
2
2,184
Recently Sold
0.21
$276,100
3
2
1,653
Off Market

Local Information

  • Map ViewExplore the area around 315 E Thompson Rd.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1956
0.34 acre lot
986 sqft
$275/sqft
Garage

About this House

This multi-family home is located at 315 E Thompson Rd, Indianapolis, IN. 315 E Thompson Rd is in the Southdale neighborhood in Indianapolis, IN and in ZIP code 46227. This property has 5 bedrooms, 1 bathroom and approximately 986 sqft of floor space. This property has a lot size of 0.34 acres and was built in 1956.
315 E Thompson Rd, Indianapolis, IN 46227 is a 5 bedroom, 1 bathroom, 986 sqft multi-family in Southdale, built in 1956. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $271,300, with a rent estimate of $1,428/month.

Home Details for 315 E Thompson Rd

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 9
Heating & Cooling
Air ConditioningCooling System: Central

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1956Year Updated: 1956
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 2

Lot Information

Lot Area: 0.34 acres

Price and Tax history

YearProperty taxTax assessment
2025
$3,894
$342,400
Home facts updated by county records

Market trends in Indianapolis

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

Around this home

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

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Southdale

At least 44 Trulia users voted on each feature.
  • 95 % Say car is needed

  • 82 % Say it's dog friendly

  • 80 % Say parking is easy

  • 79 % Say yards are well-kept

  • 78 % Say there's holiday spirit

  • 74 % Say kids play outside

  • 57 % Say there are sidewalks

  • 53 % Say it's quiet

  • 53 % Say they plan to stay for at least 5 years

  • 52 % Say people would walk alone at night

  • 43 % Say there's wildlife

  • 42 % Say neighbors are friendly

  • 34 % Say streets are well-lit

  • 30 % Say it's walkable to grocery stores

  • 27 % Say it's walkable to restaurants

  • 19 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "we need more public transportation and convenience stores butis very neighborly great place to raise your family and the schools is top 3 in the state , shopping is very close and everything you need is in a 3 mile radius and the highway as well downtown Indy and college campus all within a 3 mile radius from the surrounding neighborhoods "
  • Rosario Y. E. A.
    "I like this area because is so quiet and safe we have neighborhood potlucks And movies night. And every Halloween houses are decorated "
  • Maria J.
    "I like to live here because is a nice place and quite and clean and it has holiday spirit in Christmas "
  • Maria J.
    "My neighborhood is a good place to live in it has holiday spirits and good schools and is close to stores "
  • Michael C.
    "Good place to live. Very quiet and pretty safe. Homes prices are on average and homes are newer builds."
  • Brittney W.
    "seems quiet and safe. looks nice and houses are taken care of. people take care of their yards and care about the community. "
  • Bwhitescarver09
    "I've lived in this area for a year and half.everyone here are kind and friendly. schools are close and playgrounds."
  • Gerald R.
    "Itโ€™s quiet,low violence minutes from shopping and right next to the highway. Needs more diversity , but other than that itโ€™s cool. "

LGBTQ Local Legal Protections

Frequently asked questions about 315 E Thompson Rd

  • What is 315 E Thompson Rd estimated to be worth?
    Trulia's estimated value for 315 E Thompson Rd in Indianapolis, IN is $271,300.
  • 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.
  • What do residents say about the Southdale neighborhood?
    Residents describe the Southdale neighborhood in Indianapolis, IN as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See recently sold homes in Southdale, Indianapolis.
  • Does 315 E Thompson Rd have air conditioning?
    Yes, 315 E Thompson Rd in Indianapolis, IN has air conditioning.

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