4931 E 40th St, Indianapolis, IN 46226
OFF MARKET

$159,700

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,476 sqft (on 0.35 acres)

4931 E 40th St, Indianapolis, IN 46226

Forest Manor
Est. Refi. Payment $1,026/mo*
Refinance Your Home

Home Value

Trulia Estimate
$160K
Since last month
Decreased$2K (-1%)
Since last year
Decreased$29K (-15.5%)
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 +130% in the last 10 years
MonthEstimated value
2026
August 2026$161K
August 2026$160K
July 2026$163K
June 2026$164K
May 2026$176K
April 2026$173K
March 2026$177K
February 2026$178K
January 2026$167K
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
4917 E 39th St, Indianapolis, IN
0.18
Single-Family Home
$141,600
09/26/25
2
1
1,784
3901 Wallace Ave, Indianapolis, IN
0.19
Single-Family Home
$55,000
06/12/26
2
1
1,047
4934 E 41st St, Indianapolis, IN
0.11
Single-Family Home
$47,000
09/26/25
3
1.5
1,178
4125 N Dequincy St, Indianapolis, IN
0.15
Single-Family Home
$175,000
09/09/25
3
1.5
2,088
3938 N Grand Ave, Indianapolis, IN
0.23
Single-Family Home
$135,000
09/22/25
3
1
993
3911 N Emerson Ave, Indianapolis, IN
0.19
Single-Family Home
$50,000
04/09/26
3
1
1,017
4016 N Emerson Ave, Indianapolis, IN
0.13
Single-Family Home
$204,000
10/17/25
3
1.5
2,174
3912 Wallace Ave, Indianapolis, IN
0.21
Single-Family Home
$180,000
05/01/26
3
1.5
1,800
4044 N Drexel Ave, Indianapolis, IN
0.36
Single-Family Home
$181,000
10/08/25
2
1
1,586
3941 Arthington Blvd, Indianapolis, IN
0.22
Single-Family Home
$115,500
07/17/26
2
1
2,192

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
4934 E 41st St, Indianapolis, IN 46226
0.11
$47,200
3
1.5
1,178
Off Market
4016 N Emerson Ave, Indianapolis, IN 46226
0.13
$204,600
3
1.5
2,174
Off Market
4125 N Dequincy St, Indianapolis, IN 46226
0.15
$175,700
3
1.5
2,088
Off Market
4916 E 39th St, Indianapolis, IN 46226
0.14
$164,900
4
2
925
For Sale
4010 Wallace Ave, Indianapolis, IN 46226
0.17
$244,100
4
2
1,430
Off Market
5230 E 39th St, Indianapolis, IN 46226
0.18
-
-
-
-
Off Market
3956 N Grand Ave, Indianapolis, IN 46226
0.21
-
-
-
-
Off Market
3960 N Wallace Ave, Indianapolis, IN 46226
0.17
$222,400
3
2.5
2,538
Off Market
4909 E 42nd St, Indianapolis, IN 46226
0.22
$176,400
3
2
2,656
Recently Sold
4050 N Wallace Ave, Indianapolis, IN 46226
0.19
$229,500
3
2.5
2,196
Off Market
3952 Wallace Ave, Indianapolis, IN 46226
0.18
$191,500
3
1
1,280
Off Market
4939 E 39th St, Indianapolis, IN 46226
0.18
$210,800
3
2
1,405
Off Market

Local Information

  • Map ViewExplore the area around 4931 E 40th St.
  • Schools5 Preschool Schools9 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1957
Lot Size
0.35 acres
Living Area
1,476 sqft
Price/Sqft
$108
Parking
Garage

About this House

This single-family home is located at 4931 E 40th St, Indianapolis, IN. 4931 E 40th St is in the Forest Manor neighborhood in Indianapolis, IN and in ZIP code 46226. This property has 3 bedrooms, 1 bathroom and approximately 1,476 sqft of floor space. This property has a lot size of 0.35 acres and was built in 1957.
4931 E 40th St, Indianapolis, IN 46226 is a 3 bedroom, 1 bathroom, 1,476 sqft single-family home in Forest Manor, built in 1957. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $159,700, with a rent estimate of $1,556/month.

Home Details for 4931 E 40th St

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 7
Heating & Cooling
Air ConditioningCooling System: Central
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1957Year Updated: 1961
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 0.35 acres

Price and Tax history

YearProperty taxTax assessment
2025
$1,574
$165,900
Home facts updated by county records

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

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

Forest Manor
See Local Highlights
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.
  • Trulia User
    "I’ve lived in this area for over 40 years and have relatives still live here. I still own the house I grew up in. It was a quiet neighborhood and a great place to grow up in. "
    0
    Flag
  • Shayla P.
    "violent lately but also sometimes quiet. I also have quiet neighbors and a pretty cool street minus the potholes but all in all it's ok. some but not many children live on my block bit a lot of older people make it a little safer."
    24
    Flag
  • Meetthefarrs
    "Love it the fact that I have grown in this neighborhood. Things have changed but thenoewve is still in the neighborhood "
    6
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 4931 E 40th St

  • What is 4931 E 40th St estimated to be worth?
    Trulia's estimated value for 4931 E 40th St in Indianapolis, IN is $159,700.
  • 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.
  • What do residents say about the Forest Manor neighborhood?
    Residents describe the Forest Manor neighborhood in Indianapolis, IN as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See recently sold homes in Forest Manor, Indianapolis.
  • Does 4931 E 40th St have air conditioning?
    Yes, 4931 E 40th St in Indianapolis, IN has air conditioning.
  • How big is the lot at 4931 E 40th St?
    The lot at 4931 E 40th St in Indianapolis, IN is about 0.35 acres (15,202 sq ft).

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Apartments for Rent

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Off Market Homes Near 4931 E 40th St

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