40 E 87th St, Indianapolis, IN 46240
Property image
Property image
OFF MARKET

40 E 87th St
Indianapolis, IN 46240

Nora-Far Northside
  • 3 Beds
  • 2 Baths
  • 1,536 sqft (on 0.26 acres)

$307,000

Trulia Estimate
as of Aug 20, 2026
Est. Refi. Payment $1,898/mo*
Refinance Your Home

$307,000

Trulia Estimate
as of Aug 20, 2026
Est. Refi. Payment $1,898/mo*
Refinance Your Home
3 Beds
2 Baths
1,536 sqft
(on 0.26 acres)

Home Value

Trulia Estimate
$307K
Since last month
Increased$1K (+0.3%)
Since last year
Increased$7K (+2.3%)
Since last sale
Increased$55K (+21.8%)
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 +82% in the last 10 years
MonthEstimated value
2026
August 2026$308K
July 2026$307K
June 2026$312K
May 2026$306K
April 2026$301K
March 2026$295K
February 2026$294K
January 2026$288K
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
8627 N Pennsylvania St, Indianapolis, IN
0.11
Single-Family Home
$350,000
07/20/26
3
2
1,608
8743 Washington Boulevard East Dr, Indianapolis, IN
0.26
Single-Family Home
$270,000
03/16/26
3
2
1,834
8760 Washington Boulevard West Dr, Indianapolis, IN
0.15
Single-Family Home
$415,000
07/30/26
3
2
1,842
8755 N Pennsylvania St, Indianapolis, IN
0.11
Single-Family Home
$438,000
02/06/26
3
2
2,020
8607 N Washington Blvd, Indianapolis, IN
0.24
Single-Family Home
$397,000
12/05/25
3
2
1,690
8940 Pennwood Ct, Indianapolis, IN
0.25
Single-Family Home
$285,000
03/11/26
2
2
1,256
8681 Jaffa Court East Dr, Indianapolis, IN
0.11
Single-Family Home
$225,000
12/09/25
2
2
1,708
8650 Holliday Dr, Indianapolis, IN
0.38
Single-Family Home
$362,000
10/09/25
3
2
1,632
8846 Holliday Dr, Indianapolis, IN
0.40
Single-Family Home
$259,478
05/04/26
3
2
2,234
9115 Central Ave, Indianapolis, IN
0.53
Single-Family Home
$270,000
06/22/26
3
1.5
1,459

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
8740 N Pennsylvania St, Indianapolis, IN 46240
0.05
$575,000
4
2.5
2,507
Recently Sold
8770 N Pennsylvania St, Indianapolis, IN 46240
0.09
$641,000
3
2.5
1,995
Off Market
8655 N Meridian St, Indianapolis, IN 46260
0.06
$284,000
2
2.5
2,020
Off Market
8673 Meridian Square Dr, Indianapolis, IN 46260
0.05
$238,000
2
2.5
1,703
Off Market
87 E 87th St, Indianapolis, IN 46240
0.05
$527,800
4
3
2,732
Off Market
8671 Meridian Square Dr, Indianapolis, IN 46240
0.06
$369,400
3
3.5
2,776
Off Market
8628 N Pennsylvania St, Indianapolis, IN 46240
0.06
$590,600
4
2.5
2,750
Off Market
8657 Meridian Square Dr, Indianapolis, IN 46240
0.07
$302,300
2
3.5
2,280
Off Market
8665 Meridian Square Dr, Indianapolis, IN 46240
0.07
$345,000
3
3.5
2,776
Recently Sold
8755 N Pennsylvania St, Indianapolis, IN 46240
0.11
$438,000
3
2
2,020
Recently Sold
8635 Meridian Square Dr, Indianapolis, IN 46240
0.08
$349,900
3
3.5
2,776
Recently Sold
8681 Jaffa Court East Dr #26, Indianapolis, IN 46260
0.11
$305,000
2
2
2,034
For Sale

Local Information

  • Map ViewExplore the area around 40 E 87th St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1959
Lot Size
0.26 acres
Living Area
1,536 sqft
Price/Sqft
$200
Parking
Garage

About this House

Completely updated 3 bdrm, 1.5 ba ranch with huge, fully fenced back yard and nice wood deck. Private, secluded neighborhood with mature trees. Maple kitchen with tile floors and large breakfast room, great for entertaining. Hardwoods throughout the rest of the home. This home is perfect for any family and close to everything!
40 E 87th St, Indianapolis, IN 46240 is a 3 bedroom, 2 bathroom, 1,536 sqft single-family home in Nora-Far Northside, built in 1959. It last sold for $253,000 on Aug 18, 2021. It is currently off market. The Trulia Estimate is $307,000, with a rent estimate of $1,764/month.

Home Details for 40 E 87th St

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 8Types of Rooms: Family Room
Heating & Cooling
Air ConditioningCooling System: Central
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1959Year Updated: 1963
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 0.26 acres

Price and Tax history

DateEventPrice
Aug 18, 2021
Source: MIBOR as distributed by MLS GRID #21798519
Sold
$253,000
Jul 20, 2021
Source: MIBOR as distributed by MLS GRID #21798519
Pending
$240,000
Jul 16, 2021
Source: MIBOR as distributed by MLS GRID #21798519
Listed For Sale
$240,000
Jun 15, 2012
Source: MIBOR as distributed by MLS GRID #21172774
Sold
$165,000
Apr 24, 2012
Source: Agent Provided
Listed For Sale
$172,900

Market trends in Indianapolis

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$251K
$10KMoM
Sale-to-List Price
99.6%
0.3%MoM
Price per sq ft
$145
$3MoM
Available listings
4043
154MoM

Around this home

Neighborhood Overview

Nora-Far Northside
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Nora-Far Northside

At least 47 Trulia users voted on each feature.

  • 91 % Say it's dog friendly

  • 84 % Say car is needed

  • 83 % Say parking is easy

  • 76 % Say yards are well-kept

  • 74 % Say there's holiday spirit

  • 71 % Say kids play outside

  • 67 % Say it's walkable to restaurants

  • 66 % Say it's quiet

  • 66 % Say it's walkable to grocery stores

  • 65 % Say people would walk alone at night

  • 60 % Say they plan to stay for at least 5 years

  • 55 % Say there's wildlife

  • 55 % Say neighbors are friendly

  • 45 % Say there are sidewalks

  • 41 % Say streets are well-lit

  • 29 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "For the most part it is safe and I love living out here. Especially coming from a different area. Very safe kid friendly out here and many things to do. Eating out movies shopping activity places. It’s worth it. "
    1
    Flag
  • Trulia User
    "Pets are not allowed. And I am glad that there's no pets, because some people will pick up behind their pets and others won't"
    0
    Flag
  • Trulia User
    "My neighborhood is great and I look forward to my kids growing up here. The school system is great and the neighbors are pleasant, friendly and people I like to hang out with!"
    0
    Flag
  • Helen T.
    "I have short commute to work. There’s not much traffic. Roads are taken care of. Snow removed right away. "
    1
    Flag
  • Missy
    "easy interstate access. not too much traffic............................ gxdfggghhhvfds. kkjgxwtm gs nkkhfrjn cdlmvdejbvfrj vd"
    0
    Flag
  • Bob W
    "Easy commute. I have an office at home. Plenty of local office space if I choose to expand. RedLine is two blocks away."
    0
    Flag
  • Bob
    "Nora has schools, neighborhoods, houses of worship, shopping, gyms...a bike trail, the river, a few parks. All within distance. "
    0
    Flag
  • Denispallas
    "Plenty of public stops. Walking is easy and the Monon gives access to a lot! It’s very centrally located here and easily accessible to many major roads and attractions. "
    0
    Flag
  • Jason H.
    "Elementary school nearby is pretty wonderful. Lots of community involvement and after school activities. There are kids all over the area, my daughter (9) can ride her scooter up the block to see her friends. "
    0
    Flag
  • Dianaesterline
    "it's close to grocery stores and pharmacies. there are good parks and schools in the area and the monone trail is very close by.."
    0
    Flag
  • DonnaGrissom924
    "It is safe. You often see many neighbors out walking with their children or pets, or for fitness. Minimal traffic. "
    0
    Flag
  • Michael W.
    "I use to live there for 2 years and I have to say it was a great place to live. Literally 1.5 miles from grocery stores and shopping."
    3
    Flag
  • LaStacy C.
    "Within 5 minutes being outside. I seen about 4 neighbors with dogs. Dogs definitely seem welcome in this neighborhood and dogs are very common. "
    0
    Flag
  • Lex h.
    "the neighbors are awesome! were close to stores but still feels like a neighborhood. Everyone seems to watch out for everyone. "
    2
    Flag
  • Michelle L.
    "I've lived here for two years & I like the area because it's very central to everything - downtown Broad Ripple and the Monon Trail. Who can forget all the great Parks? I have to say this is the most diverse city I've ever lived in!"
    1
    Flag
  • Anita
    "It is a very nice area, located in the center of the city. It’s close to everything and very close to the community park, library, restaurants etc. Also, the emergency centers such as the fire department, hospital, and police station is nearby. It’s a very cozy area."
    0
    Flag
  • Sara D. A.
    "Great neighborhood that is convenient and beautiful. Close to everything carmel and indianapolis has to offer."
    3
    Flag
  • Sara D. A.
    "It’s large lots and beautiful homes nestled in a convenient location. Lots of owners have been in the neighborhood a long time."
    1
    Flag
  • adjwilli
    "I grew up in the Nora area and am buying a house here now. I have very mixed feelings about Indianapolis in general, but Nora is definitely the best neighborhood. Walkable in some areas, but not all. It has a Whole Foods and Target and is next to the Fashion Mall. If you're next to the Monon, you're golden."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 40 E 87th St

  • What is 40 E 87th St estimated to be worth?
    Trulia's estimated value for 40 E 87th St in Indianapolis, IN is $307,000.
  • What is the price history for 40 E 87th St?
    40 E 87th St in Indianapolis, IN last sold for $253,000 in August 2021.
  • 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 $251K. That is up $10K from the prior month.
  • Does 40 E 87th St have air conditioning?
    Yes, 40 E 87th St in Indianapolis, IN has air conditioning.
  • How big is the lot at 40 E 87th St?
    The lot at 40 E 87th St in Indianapolis, IN is about 0.26 acres (11,474 sq ft).

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Off Market Homes Near 40 E 87th St

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