315 E  Thompson Rd, Indianapolis, IN 46227
OFF MARKET

315 E Thompson Rd
Indianapolis, IN 46227

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

$274,700

Trulia Estimate
as of Jul 1, 2026
Est. Refi. Payment $1,665/mo*

$274,700

Trulia Estimate
as of Jul 1, 2026
Est. Refi. Payment $1,665/mo*
5 Beds
1 Bath
986 sqft
(on 0.34 acres)

Local Information

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

Description

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. It is currently off market. The Trulia Estimate is $274,700, with a rent estimate of $1,445/month.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 315 E Thompson Rd

Interior Features

Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 9

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

Market trends in Indianapolis

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$238K
$16.58K
MoM
Sale-to-List Price
98.7%
0.4%
MoM
Price per sq ft
$141
$7
MoM
Available listings
3812
187
MoM
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Property Tax and Assessment

Year2025
Tax$3,894
Assessment$342,400
Home facts updated by county records

Comparable Sales for 315 E Thompson Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1.06
Multi-Family Home
$220,000
09/26/25
4
2
-
1.14
Multi-Family Home
$250,000
04/03/26
4
2
-
2.45
Multi-Family Home
$198,000
08/15/25
2
1
-
2.59
Multi-Family Home
$281,400
05/11/26
2
1
-
2.58
Multi-Family Home
$150,900
08/28/25
2
1
-
2.59
Multi-Family Home
$162,000
05/14/26
2
1
-
2.51
Multi-Family Home
$205,000
04/22/26
4
2
-
2.64
Multi-Family Home
$250,000
03/30/26
4
2
-
2.79
Multi-Family Home
$167,500
06/09/26
5
2
-
2.88
Multi-Family Home
$320,500
12/19/25
3
1
-

Nearby homes

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Assigned Schools

These are the assigned schools for 315 E Thompson Rd.
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.
    "It’s quiet,low violence minutes from shopping and right next to the highway. Needs more diversity , but other than that it’s cool. "

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 315 E Thompson Rd

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Off Market Homes Near 315 E Thompson Rd

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