4540 E 42nd St, Indianapolis, IN 46226
Property image
Property image
OFF MARKET

4540 E 42nd St
Indianapolis, IN 46226

Devon
  • 4 Beds
  • 4.5 Baths
  • 3,960 sqft (on 0.56 acres)

$429,300

Trulia Estimate
as of Jul 21, 2026
Est. Refi. Payment $2,602/mo*
Refinance Your Home

$429,300

Trulia Estimate
as of Jul 21, 2026
Est. Refi. Payment $2,602/mo*
Refinance Your Home
4 Beds
4.5 Baths
3,960 sqft
(on 0.56 acres)

Local Information

  • Map ViewExplore the area around 4540 E 42nd St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

This single-family home is located at 4540 E 42nd St, Indianapolis, IN. 4540 E 42nd St is in the Devon neighborhood in Indianapolis, IN and in ZIP code 46226. This property has 4 bedrooms, 5 bathrooms and approximately 3,960 sqft of floor space. This property has a lot size of 0.56 acres and was built in 1955.
4540 E 42nd St, Indianapolis, IN 46226 is a 4 bedroom, 5 bathroom, 3,960 sqft single-family home in Devon, built in 1955. It last sold for $252,000 on Dec 17, 2018. It is currently off market. The Trulia Estimate is $429,300, with a rent estimate of $2,877/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 4540 E 42nd St

Interior Features

Interior Details
BasementNumber of Rooms: 8
Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Fireplace & Spa
Fireplace

Exterior Features

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

Property Information

Year Built
Year Built: 1955Year Updated: 1961
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 0.56 acres

Price History for 4540 E 42nd St

DatePriceEventSource
12/17/2018$252,000Sold
MIBOR as distributed by MLS GRID #21604079
11/12/2018$254,900PendingAgent Provided
09/25/2018$254,900Listed For SaleN/A
04/06/2018$77,000Sold
MIBOR as distributed by MLS GRID #21539762
04/02/2018$85,000PendingAgent Provided
03/16/2018$85,000PendingToActiveAgent Provided
03/09/2018$85,000PendingAgent Provided
02/26/2018$85,000PendingToActiveAgent Provided
02/21/2018$85,000PendingAgent Provided
02/09/2018$85,000PendingToActiveAgent Provided
01/25/2018$85,000PendingAgent Provided
01/09/2018$85,000Listed For SaleAgent Provided
06/30/2017$90,000Sold
N/A

Market trends in Indianapolis

Last updated June 2026
Buyer'sMarketSeller'sMarket
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
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Property Tax and Assessment

Year2025
Tax$3,861
Assessment$422,500
Home facts updated by county records

Comparable Sales for 4540 E 42nd St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4477 Devon Lake Rd, Indianapolis, IN
0.10
Single-Family Home
$330,000
11/14/25
3
3.5
2,887
4404 Devon Lake Rd, Indianapolis, IN
0.20
Single-Family Home
$335,000
07/08/26
4
3.5
3,170
4315 E 42nd St, Indianapolis, IN
0.25
Single-Family Home
$190,000
08/25/25
6
4.5
3,602
4625 Berkshire Ln, Indianapolis, IN
0.36
Single-Family Home
$419,900
06/16/26
4
3
3,318
4141 Arthington Blvd, Indianapolis, IN
0.08
Single-Family Home
$215,000
11/21/25
3
2
2,000
4909 E 42nd St, Indianapolis, IN
0.18
Single-Family Home
$176,400
06/12/26
3
2
2,656
4108 Arthington Blvd, Indianapolis, IN
0.11
Single-Family Home
$134,900
12/29/25
4
2
2,000
4808 Devon Dr, Indianapolis, IN
0.19
Single-Family Home
$210,000
04/27/26
3
1.5
1,859
4340 Ashbourne Ln, Indianapolis, IN
0.33
Single-Family Home
$264,000
07/30/25
3
1.5
2,732
4240 Marrison Pl, Indianapolis, IN
0.34
Single-Family Home
$180,000
03/25/26
3
1.5
3,124

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Assigned Schools

These are the assigned schools for 4540 E 42nd St.
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

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

What Locals Say about Devon

At least 6 Trulia users voted on each feature.

  • 100 % Say car is needed

  • 100 % Say yards are well-kept

  • 91 % Say it's dog friendly

  • 90 % Say parking is easy

  • 83 % Say there's wildlife

  • 75 % Say there's holiday spirit

  • 71 % Say kids play outside

  • 70 % Say it's quiet

  • 67 % Say neighbors are friendly

  • 67 % Say people would walk alone at night

  • 62 % Say they plan to stay for at least 5 years

  • 31 % Say it's walkable to restaurants

  • 22 % Say it's walkable to grocery stores

  • 22 % Say there are community events

  • 13 % Say there are sidewalks

  • 10 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Olivia W.
    "No wonder they call this the "best kept secret in Indianapolis". It is a gorgeous lake and the preserve can never be developed. I was told these homes never go on sale. Now there are two on the market. But they are way expensive and the surrounding neighborhood is bleak. The development needs to put up gates. Otherwise, if I had the money I would buy here in a heartbeat. It is 20 minutes from downtown and simply a slice of heaven. You'd have to go to Geist to find this view. "
    8
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Off Market Homes Near 4540 E 42nd St

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