4233 E 38th St
Indianapolis, IN 46218
Forest Manor
7 Beds
4 Baths
7 Beds
4 Baths
(on 0.28 acres)
Home Highlights
Parking
2 Parking Spaces
Climate Control
Heating & Cooling
Listed
Less than a day ago
Local Information
- Map ViewExplore the area around 4233 E 38th St.
- Schools7 Preschool Schools11 Elementary Schools4 Middle Schools4 High Schools
- Shop & Eat
-- mins to
About this House
Great Opportunity to own a cash cow! Current rents total $3700 a month. The building was completely remodeled and updated in 2024. All new heat pumps with mini splits - Electric - Plumbing - Insulation - Windows - Roof - the list goes on. New Kitchens and Baths in every unit. Unit A is a 2 bedroom with small kitchen/living room & 1 bath. Unit B is a nice sized 2 bedroom with a decorative fireplace and large eat in kitchen. Unit C is a 2 story 3 bed 2 full bath unit. This unit has its own washer and dryer plus a decorative fireplace. The basement houses the 3 new water heaters & a coin op washer & dryer for unit A & B to use. The owner provides water & sewer.
Home Details for 4233 E 38th St
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MLS Status: Active |
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Interior Details Basement: Partial,Unfinished |
Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 4 |
Appliances & Utilities Laundry: Laundry Room |
Heating & Cooling Heating: Heat PumpHas CoolingAir Conditioning: Central Air,Ductless,Heat PumpHas HeatingHeating Fuel: Heat Pump |
Levels, Entrance, & Accessibility Levels: Multi/Split |
View Has a ViewView: Neighborhood |
Security Security: Closed Circuit Camera(s), Smoke Detector(s) |
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Exterior Home Features Roof: AsphaltExterior: LightingFoundation: Block |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Other Parking: Unit Parking(Parking Lot)No CarportNo Attached GarageParking Spaces: 2Parking: Detached |
Frontage Road Frontage: Street Cuts |
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Cumulative Days on Market: 1Days on Market: <1 day on Trulia |
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Year Built Year Built: 1958 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family, TriplexStructure Type: TriplexArchitecture: Triplex |
Building Construction Materials: BrickNot a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Condition: Updated/RemodeledUsage of Home: Apt<20Parcel Number: 490721136072000101 |
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Price List Price: $299,900 |
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Direction & Address City: IndianapolisCommunity: Forest Manor |
School Information Elementary School: Arlington Woods School 99High School: Arsenal Technical High SchoolHigh School District: Indianapolis Public Schools |
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Listing Agent Listing ID: 22116906 |
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Lot Area: 0.28 acres |
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Expense Tenant Pays: Electricity, Gas |
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Owner Pays: Sewer, Water |
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BasementMls Number: 22116906 |
Last check for updates: about 13 hours ago
Listing Provided by: Cathy O'Banion
United Real Estate Indpls
Source: MIBOR as distributed by MLS GRID, MLS#22116906
Also Listed on MIBOR as distributed by MLS GRID.
Market trends in Indianapolis
Last updated June 2026
Avg. sale price
$243K
$9.18KMoM
Sale-to-List Price
99.2%
0.5%MoM
Price per sq ft
$143
$3MoM
Available listings
3885
69MoM
Price History for 4233 E 38th St
| Date | Price | Event | Source |
|---|---|---|---|
| 07/29/2026 | $299,900 | Listed For Sale | MIBOR as distributed by MLS GRID #22116906 |
| 02/21/2025 | $1,800 | ListingRemoved | Zillow Rentals |
| 02/10/2025 | $1,800 | Listed For Rent | Zillow Rentals |
| 02/07/2025 | $295,000 | Sold | MIBOR as distributed by MLS GRID #21991256 |
| 01/02/2025 | $1,800 | ListingRemoved | Zillow Rentals |
| 11/11/2024 | $2,000 | Listed For Rent | Zillow Rentals |
| 10/03/2024 | $4,500 | ListingRemoved | Zillow Rentals |
| 09/11/2024 | $4,500 | Listed For Rent | Zillow Rentals |
| 03/18/2024 | $250,000 | Sold | N/A |
| 09/14/2023 | ListingRemoved | Zillow Rentals | |
| 08/24/2023 | $1,450 | Listed For Rent | Zillow Rentals |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $4,992 |
| Assessment | $262,600 |
Home facts updated by county records
Comparable Sales for 4233 E 38th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.25 | Multi-Family Home | $68,000 | 05/18/26 | 4 | 4 | - | |
0.69 | Multi-Family Home | $120,000 | 04/22/26 | 4 | 4 | - | |
1.17 | Multi-Family Home | $250,000 | 04/24/26 | 6 | 4 | - | |
0.71 | Multi-Family Home | $120,000 | 04/22/26 | 3 | 3 | - | |
0.92 | Multi-Family Home | $190,000 | 09/24/25 | 6 | 3 | - | |
0.57 | Multi-Family Home | $127,040 | 03/20/26 | 2 | 2 | - | |
0.83 | Multi-Family Home | $155,000 | 05/12/26 | 3 | 2 | - | |
1.37 | Multi-Family Home | $415,000 | 07/30/25 | 6 | 6 | - | |
1.38 | Multi-Family Home | $415,000 | 07/30/25 | 6 | 6 | - | |
0.99 | Multi-Family Home | $135,000 | 08/15/25 | 4 | 2 | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
FOR SALE
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OFF MARKETWitte Realty Group LLC, Sold
OFF MARKETWilmoth Group, Sold
OFF MARKETCoronel Realty Group, Sold
FOR SALE3D VIEWTrelora Realty, Active
OFF MARKETAlliance Enterprise Services, LLC, Sold
FOR SALECarpenter, REALTORS®, Active
OFF MARKETPMI Indianapolis, Sold
SOLDAPR 20, 2026KRB Real Estate Professionals, Sold
Assigned Schools
These are the assigned schools for 4233 E 38th St.
- Anna Brochhausen School 88
- PK-5
- Public
- 326 Students
3/10GreatSchools RatingParent Rating AverageThe parent community is very involved at this school and the teachers are top notch! Staff are welcoming and try to match new students with the best classroom for their personality.Principal Review2y ago - Arsenal Technical High School
- 9-12
- Public
- 2360 Students
1/10GreatSchools RatingParent Rating AverageMy experience with the school has been excellent at distinct levels. I rate this school high in safety and teaching. The teachers are dedicated and caring. Too often, the media focuses on deficit views of the school, yet the assets offered by this school are often ignored.Parent Review3y ago - Brookside School 54
- PK-5
- Public
- 366 Students
4/10GreatSchools RatingParent Rating AverageThis school is the worst school I've let my children go to they allow bullying, and fighting, and they are allowed to flip desks, throw stuff, Etc.Also, the teachers in this school are very disrespectful to students, my son came to me saying that his teacher yelled at him for not doing his work because someone broke his pencil, he told me he tried to explain to the teacher but she wouldn't let him explain. You also can't learn at this school the kids are way too loud and you can't hear the teacher. There ain't no way my 2 honor roll kids' grades went down that much over 6 months. In my solid opinion, they learn better in 2020 when online school was in effect. So, you won't see me or my kids here next year.Parent Review3y ago - Crispus Attucks Medical Magnet High School (9-12)
- 9-12
- Public
- 1269 Students
1/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Eliza A. Blaker School 55
- PK-5
- Public
- 301 Students
4/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - H.L. Harshman Magnet Middle School
- 6-8
- Public
- 509 Students
3/10GreatSchools RatingParent Rating AverageMy main problem is the teachers; some are good teachers, but it feels like some teachers don't care about their students, my last 7th grade math teacher was not very nice and didn't care if we failed or not, and some teachers are lazy and don't even try. A lot of substitutes they hire are not very good either. Classmates tend to be rude, and unless you act like them, they won't accept you or help you. The social worker does a good job at what they do, providing many helpful resources. Fights aren't common but still happen, and even after they are handled they always come back up.Student Review5mo ago - Edison School of the Arts 47
- K-8
- Public
- 617 Students
4/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - Theodore Potter School 74
- K-5
- Public
- 208 Students
4/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - Thomas D. Gregg School 15
- PK-5
- Public
- 525 Students
4/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - Arlington Woods School 99
- PK-6
- Public
- 361 Students
2/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - Center for Inquiry School 2
- K-5
- Public
- 303 Students
7/10GreatSchools RatingParent Rating AverageIt's one of the best schools definitely is preparing me college the teachers are respectful better than any public school in the area I'm in the 8th grade and the curriculum is amazingStudent Review1y ago - George Washington Community High School (9-12)
- 9-12
- Public
- 729 Students
1/10GreatSchools RatingParent Rating AverageThis school has several bright points and also many challenges. I think the school does a really good job with providing a quality place to learn; many awesome teachers, some not as great, that's the way it would go at any school. The principal cares about the students and, in my experience, so do the teachers. Maybe it's not a 5/5, but it's also not a 1, so I want to balance it out.Other Review3y ago - James Russell Lowell School 51
- PK-5
- Public
- 363 Students
3/10GreatSchools RatingParent Rating AverageThey genuinely do not teach anything here you are expected to learn yourselfOther Review2mo ago - Merle Sidener Gifted Academy
- 1-5
- Public
- 228 Students
9/10GreatSchools RatingParent Rating AverageSidener is a fantastic school in every way. The administration is wonderful and caring. They are fantastic about communicating all the relevant information to parents. The teachers are kind and generous. It’s small enough that you feel special with lots of diversity and kids from all parts of Indianapolis. We have tried several schools in the area and Sidner is above and beyond the rest. I highly recommend this school if you want a down to earth school for your high ability kid.Parent Review4y ago - Shortridge High School
- 9-12
- Public
- 1206 Students
2/10GreatSchools RatingParent Rating Averagenever been here but like my online friend goes here and he's like super cooool wsp brandon how u doinOther Review2y ago - Center for Inquiry School 27
- PK-5
- Public
- 348 Students
4/10GreatSchools RatingParent Rating AverageThis school was amazing the teachers were so nice and kind and they cared about there feelings. I had amazing teachers and friends.Other Review1y ago - Arlington Community Middle School
- 6-8
- Public
- 365 Students
5/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - HW Longfellow Med/STEM Magnet Midl
- 6-8
- Public
- 538 Students
5/10GreatSchools RatingParent Rating AverageNo reviews available for this school. 
Check out schools near 4233 E 38th St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Forest Manor
At least 25 Trulia users voted on each feature.
91 % Say car is needed
88 % Say yards are well-kept
72 % Say parking is easy
69 % Say there's holiday spirit
63 % Say it's dog friendly
61 % Say kids play outside
47 % Say there are sidewalks
45 % Say neighbors are friendly
44 % Say it's quiet
37 % Say there's wildlife
32 % Say they plan to stay for at least 5 years
31 % Say it's walkable to restaurants
29 % Say it's walkable to grocery stores
27 % Say streets are well-lit
22 % Say there are community events
21 % Say people would walk alone at night
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Cathy O'Banion, United Real Estate Indpls
Based on information submitted to the MLS GRID as of 2026-07-28 20:57:52 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
4233 E 38th St, Indianapolis, IN 46218 is a 7 bedroom, 4 bathroom multi-family built in 1958. 4233 E 38th St is located in Forest Manor, Indianapolis. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Jul 29, 2026. The MLS # for this home is MLS# 22116906.