38 N Elder Ave, Indianapolis, IN 46222
OFF MARKET

$261,300

Trulia Estimate
  • 2 Beds
  • 2 Baths

38 N Elder Ave, Indianapolis, IN 46222

Near Westside
Est. Refi. Payment $1,652/mo*
Refinance Your Home
Currently Off Market - Sold May 23, 2025 for $260,000

Home Value

Trulia Estimate
$261K
Since last month
Decreased$2K (-0.6%)
Since last year
Increased$800 (+0.3%)
Since last sale
Increased$2K (+0.9%)
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 +974% in the last 10 years
MonthEstimated value
2026
September 2026$262K
August 2026$261K
July 2026$264K
June 2026$263K
May 2026$261K
April 2026$260K
March 2026$266K
February 2026$269K
January 2026$261K
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
1841 W Washington St, Indianapolis, IN
0.09
Multi-Family Home
$200,000
02/06/26
4
4
-
60 S Mount St, Indianapolis, IN
0.47
Multi-Family Home
$155,000
05/01/26
4
2
-
330 S Addison St, Indianapolis, IN
0.69
Multi-Family Home
$232,000
09/26/25
3
2
-
423 N Holmes Ave, Indianapolis, IN
0.68
Multi-Family Home
$206,000
09/01/26
3
2
-
558 N Tremont St, Indianapolis, IN
0.70
Multi-Family Home
$130,000
06/22/26
2
1
-
1027 N Elder Ave, Indianapolis, IN
0.96
Multi-Family Home
$185,000
06/17/26
3
2
-

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
50 N Elder Ave, Indianapolis, IN 46222
0.02
$222,000
5
2
1,584
Off Market
102 N Elder Ave, Indianapolis, IN 46222
0.03
$203,800
3
2.5
1,592
Off Market
112 N Elder Ave, Indianapolis, IN 46222
0.05
$130,500
3
1.5
2,222
Off Market
134 N Elder Ave, Indianapolis, IN 46222
0.09
$225,700
4
3
2,536
Off Market
28 Miley Ave, Indianapolis, IN 46222
0.07
$166,400
3
2
1,998
Off Market
25 N Traub Ave, Indianapolis, IN 46222
0.06
$173,700
2
1.5
2,100
Off Market
17 N Traub Ave, Indianapolis, IN 46222
0.06
$205,900
3
2
1,354
Off Market
34 N Traub Ave, Indianapolis, IN 46222
0.08
$293,800
4
3
2,389
Off Market
1841 W Washington St, Indianapolis, IN 46222
0.09
$200,000
4
4
-
Recently Sold
132 N Traub Ave, Indianapolis, IN 46222
0.11
-
-
-
-
Off Market
2002 E Washington St, Indianapolis, IN 46201
0.10
$74,900
-
-
-
For Sale

Local Information

  • Map ViewExplore the area around 38 N Elder Ave.
  • Schools9 Preschool Schools12 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1890

About this House

Charming Duplex with Airbnb Income Near Downtown Indy Located just minutes from downtown Indianapolis and Indianola Park, this well-maintained duplex on North Elder Avenue is a standout investment opportunity. Both 2-bedroom, 1-bathroom units are currently rented as successful Airbnb listings, providing steady short-term rental income. Each 810 sq. ft. unit features an inviting front porch, classic vinyl siding, and a landscaped yard. Inside, enjoy an open-concept layout with abundant natural light, laminate flooring, a functional kitchen, dedicated dining area, and spacious bedrooms with ample closet space. Unit 1 includes access to a partial basement, while Unit 2 is equipped with its own washer and dryer. Efficient heating and cooling systems ensure year-round comfort. An excellent opportunity in a convenient location-schedule your showing today!
38 N Elder Ave, Indianapolis, IN 46222 is a 2 bedroom, 2 bathroom multi-family in Near Westside, built in 1890. It last sold for the $260,000 asking price on May 23, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $261,300, with a rent estimate of $1,067/month.
Last check for updates: about 23 hours ago
Listed by Stephen Flanagan
R. P. Lux Company
Bought with: Stephen Ferguson, F.C. Tucker Company
Co-Buyer's Agent: Brian Wignall, (317) 797-3580, F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID, MLS#22027751

Home Details for 38 N Elder Ave

Active Status

MLS Status: Sold

Interior Features

Interior Details
Basement: Partial
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2
Heating & Cooling
Heating: Electric,Natural GasHas HeatingHeating Fuel: Electric
Levels, Entrance, & Accessibility
Stories: 1Levels: One

Exterior Features

Parking & Garage
No CarportNo Attached GarageParking: Alley Access
Frontage
Road Frontage: Not Applic

Days on Market

Cumulative Days on Market: 8

Property Information

Year Built
Year Built: 1890
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, DuplexStructure Type: DuplexArchitecture: Traditional
Building
Construction Materials: Vinyl SidingNot a New Construction
Property Information
Parcel Number: 491103142009000101

Price & Status

Price
List Price: $260,000
Status Change & Dates
Off Market Date: Thu Apr 17 2025Possession Timing: Close Of Escrow

Location

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

Lot Information

Lot Area: 6969.6 sqft

Listing Info

Special Conditions: None, Sales Disclosure On File

Miscellaneous

BasementMls Number: 22027751

Price and Tax history

DateEventPrice
May 23, 2025
Source: MIBOR as distributed by MLS GRID #22027751
Sold
$260,000
Apr 18, 2025
Source: MIBOR as distributed by MLS GRID #22027751
Pending
$260,000
Apr 10, 2025
Source: MIBOR as distributed by MLS GRID #22027751
Listed For Sale
$260,000
Oct 1, 2018
Source: Agent Provided
ListingRemoved
$99,900
Aug 17, 2018
Source: Agent Provided
Listed For Sale
$99,900

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

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

What Locals Say about Near Westside

At least 57 Trulia users voted on each feature.

  • 80 % Say car is needed

  • 80 % Say yards are well-kept

  • 76 % Say there are sidewalks

  • 74 % Say kids play outside

  • 73 % Say parking is easy

  • 67 % Say it's dog friendly

  • 62 % Say there's holiday spirit

  • 51 % Say neighbors are friendly

  • 47 % Say it's walkable to restaurants

  • 46 % Say it's walkable to grocery stores

  • 46 % Say they plan to stay for at least 5 years

  • 44 % Say it's quiet

  • 42 % Say streets are well-lit

  • 35 % Say people would walk alone at night

  • 32 % Say there's wildlife

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Rene Jai Thacker
    "Most people look out for neighbors with kids they are friendly& usually trying to help others who are in need"
    1
    Flag
  • Zanna dibartoli
    "The 500 race makes it’s fun here!! we live close to Speedway not really downtown Indy , so I don’t know what events there are besides the 500 oh there’s the brickyard that’s really fun too. "
    1
    Flag
  • Zanna dibartoli
    "There are parts you have to drive through to get to the highway that aren’t kept up, but it’s not bad. We’re right down the road to all main highways, but you wouldn’t know it. "
    1
    Flag
  • Trulia User
    "Fortunately, my job is close to my current residence. so I don't commute or use public transportation. I have in the past and the bus system seems to work out well for most of the people in the neighborhood. "
    1
    Flag
  • Trulia User
    "Safe space for families and pets! No need to worry about anyone touching your things, having family over is a joy! Beautiful place!"
    0
    Flag
  • Trulia User
    "I see owners walking their dogs it looks like a nice neighborhood and I would love to live here and I have 2 boy and they love animals and my husband and I love dogs"
    1
    Flag
  • Trulia User
    "I know we are very safe here and my daughter can go outside by herself and be safe we love it in the neborhood "
    0
    Flag
  • Trulia User
    "Congested with lots of traffic. Lights are not in sync and the potholes are horrible. To drive 3 miles during rush hour takes about half hour. "
    0
    Flag
  • DAISY
    "I lived in the west side since I moved to this state and I liked it since. I live in speedway so it’s really quiet, my neighbors are nice and friendly "
    16
    Flag
  • Alli H.
    "Direct, take my bike. I work and learn at IUPUI, so this location is ideal. Road has been under construction for ages but traffic isn’t the worst"
    1
    Flag
  • Africa J.
    "I wouldn’t say it’s unique it’s ok it could be better and no there are no side walks only on the side streets"
    19
    Flag
  • Tarionna W.
    "great pleasure to live here enjoy my neighbors and my neighborhood friendly enviorment always feel safe walk to the liquor store me and my boyfriend"
    16
    Flag
  • Rkimbrough1206
    "My commute is safe and easy. Near a lot of main streets and highways . There is a fire department, hospital, grocery store and many more within 5 miles"
    2
    Flag
  • Kulanaandcharles W.
    "neighbors are welcoming and pet friendly, and police hub in neighborhood. Parks close by and close corner stores"
    0
    Flag
  • Courtney N.
    "The speeding around here isn’t the best honestly it’s like people don’t care. But for the dogs I would recommend keeping them in a back yard or inside heard some people come around and steal ur animals "
    4
    Flag
  • Kathycummings92
    "I have lived in Stringtown all my life and my intire family has lived here as well it has been like living on a reservation everyone looked out for each other it has been awesome "
    9
    Flag
  • Bvlopezzz
    "There are a few kids who play outside but you still need to watch out for traffic and be safe. Few drivers respect the speed limit."
    1
    Flag
  • Timothy W.
    "I've lived in this neighborhood for 10 years it's not perfect but everyone looks out for each other and everyone tries to take care of their house their property"
    27
    Flag
  • Efrenfrankd
    "I live in a trailer park that is being rehabilitated in years to come when they. get out the rest of the rift raft and old dilapidated trailers it will be safe again. There is much landscaping that needs to be done to attract people who would like to move there trailers here, there are some old trailers that can be redone and they are buying new trailers that are $38,000 + a bit pricey for this area. The mobile home park has a cemetery on both sides and is adjacent to high crime areas. There is a creek that is close by that in some spots are beautiful and full of life despite all the trash that is thrown in it, tires, auto parts, toilets, you name it. It could be a gem but it will take a lot of work. EFD "
    0
    Flag
  • wilsonlornae
    "Quaint, cozy, can say I love it!"
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-13 14:37:54 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 38 N Elder Ave

  • What is 38 N Elder Ave estimated to be worth?
    Trulia's estimated value for 38 N Elder Ave in Indianapolis, IN is $261,300.
  • What is the price history for 38 N Elder Ave?
    38 N Elder Ave in Indianapolis, IN last sold for $260,000 in May 2025.
  • 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.
  • Does 38 N Elder Ave have parking?
    Yes, 38 N Elder Ave in Indianapolis, IN has on-site parking.

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