4940 E 16th St, Indianapolis, IN 46201
Property image
Property image
OFF MARKET

4940 E 16th St
Indianapolis, IN 46201

Near Eastside
  • 4 Beds
  • 2 Baths

$215,700

Trulia Estimate
as of Jul 7, 2026
Est. Refi. Payment $1,332/mo*
Refinance Your Home

$215,700

Trulia Estimate
as of Jul 7, 2026
Est. Refi. Payment $1,332/mo*
Refinance Your Home
4 Beds
2 Baths

Local Information

  • Map ViewExplore the area around 4940 E 16th St.
  • Schools4 Preschool Schools4 Elementary Schools1 Middle School4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Description

EAST SIDE INVESTMENT OPPORTUNITY // This brick duplex situated in Otterbein, just outside of Little Flower and Community Heights, will appeal to investors and homebuyers alike! Each side consists of 2 bedrooms, 1 bathroom, an unfinished basement for storage and laundry, and a sweet front porch. The big ticket items have been taken care of for you! Roof is brand new, the HVAC has been updated, and it has a newer sewer liner. Both sides are turnkey, with one side being vacated in April and the other currently rented. Located less than 2 miles from highway access and just minutes from downtown, this property will make an excellent addition to an investor portfolio or a wonderful home for a savvy homebuyer who wants to live in one side and rent out the other.
4940 E 16th St, Indianapolis, IN 46201 is a 4 bedroom, 2 bathroom multi-family in Near Eastside, built in 1951. It last sold for $195,000 on Apr 29, 2024 (5% above the $185,000 asking price). More recently, it was listed as a rental in October 2025 with an asking price of $1,050 per month. That rental listing was removed on December 9, 2025. It is currently off market. The Trulia Estimate is $215,700, with a rent estimate of $1,442/month.

Home Highlights

Parking
1 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 4940 E 16th St

Active Status

MLS Status: Sold

Interior Features

Interior Details
Basement: Exterior Entry,Storage Space,Unfinished
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Levels: One

Exterior Features

Exterior Home Features
Fencing: FencedFoundation: Block
Parking & Garage
Other Parking: Unit Parking(1 Car Garage, On Street, Unpaved)No CarportNo Attached GarageParking Spaces: 1Parking: Gravel
Frontage
Road Frontage: See Remarks

Days on Market

Cumulative Days on Market: 4

Property Information

Year Built
Year Built: 1951
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, DuplexStructure Type: DuplexArchitecture: Duplex
Building
Construction Materials: Brick, BlockNot a New Construction
Property Information
Condition: Updated/RemodeledParcel Number: 490733110038000101

Price & Status

Price
List Price: $185,000
Status Change & Dates
Off Market Date: Sun Mar 24 2024Possession Timing: Negotiable

Location

Direction & Address
City: IndianapolisCommunity: No Subdivision
School Information
High School District: Indianapolis Public Schools

Lot Information

Lot Area: 10018.8 sqft

Listing Info

Special Conditions: Sales Disclosure On File

Business

Expense
Tenant Pays: All Utilities

Rental Terms, Policies & Fees

Owner Pays: No Utilities, Taxes

Miscellaneous

BasementMls Number: 21969660
Last check for updates: about 13 hours ago
Listed by Lesli Gibson, (574) 361-4096
Maywright Property Co.
Bought with: IBRAHIM OJERINDE, IB REALTORS
Source: MIBOR as distributed by MLS GRID, MLS#21969660

Price History for 4940 E 16th St

DatePriceEventSource
12/09/2025$1,050ListingRemovedZillow Rentals
10/29/2025$1,050Listed For RentZillow Rentals
06/17/2024ListingRemovedZillow Rentals
06/16/2024$1,150PriceChange
Zillow Rentals
05/15/2024$1,225Listed For RentZillow Rentals
04/29/2024$195,000Sold
MIBOR as distributed by MLS GRID #21969660
03/24/2024$185,000PendingMIBOR as distributed by MLS GRID #21969660
03/21/2024$185,000Listed For SaleMIBOR as distributed by MLS GRID #21969660
04/20/2021ListingRemovedZillow Rental Manager
04/17/2021$775Listed For RentZillow Rental Manager
12/22/2020$150,000Sold
MIBOR as distributed by MLS GRID #21754455
11/21/2020$149,900PendingAgent Provided
11/20/2020$149,900Listed For SaleAgent Provided
05/20/2020$49,900Sold
MIBOR as distributed by MLS GRID #21709275
05/13/2020$49,900PendingAgent Provided
05/09/2020$49,900Listed For SaleAgent Provided

Market trends in Near Eastside

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$166K
$16.92KMoM
Sale-to-List Price
97.5%
0.1%MoM
Price per sq ft
$96
$5MoM
Available listings
262
10MoM
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Property Tax and Assessment

Year2025
Tax$3,904
Assessment$191,900
Home facts updated by county records

Comparable Sales for 4940 E 16th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1251 N Emerson Ave, Indianapolis, IN
0.38
Multi-Family Home
$197,000
07/22/25
2
2
-
5248 E 10th St, Indianapolis, IN
0.60
Multi-Family Home
$248,000
07/30/25
4
2
-
1503 N Gladstone Ave, Indianapolis, IN
0.58
Multi-Family Home
$150,000
11/06/25
4
2
-
2037 Glenridge Dr, Indianapolis, IN
0.55
Multi-Family Home
$126,000
10/01/25
4
2
-
1010 N Irvington Ave, Indianapolis, IN
0.69
Multi-Family Home
$210,000
11/26/25
4
2
2,333
4910 E 10th St, Indianapolis, IN
0.52
Multi-Family Home
$160,000
05/08/26
2
2
-
1101 N Drexel Ave, Indianapolis, IN
0.54
Multi-Family Home
$220,000
10/27/25
2
2
-
833-835 N Riley Ave, Indianapolis, IN
0.64
Multi-Family Home
$192,500
01/23/26
2
2
-

Nearby homes

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Assigned Schools

These are the assigned schools for 4940 E 16th 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

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

What Locals Say about Near Eastside

At least 259 Trulia users voted on each feature.

  • 88 % Say there are sidewalks

  • 86 % Say yards are well-kept

  • 77 % Say parking is easy

  • 76 % Say it's dog friendly

  • 74 % Say car is needed

  • 72 % Say kids play outside

  • 65 % Say there's holiday spirit

  • 55 % Say neighbors are friendly

  • 54 % Say it's walkable to restaurants

  • 50 % Say it's walkable to grocery stores

  • 47 % Say they plan to stay for at least 5 years

  • 41 % Say there's wildlife

  • 40 % Say streets are well-lit

  • 38 % Say there are community events

  • 35 % Say it's quiet

  • 29 % Say people would walk alone at night

Sourced by Trulia users. Learn more about our methodology.
  • Keyon B
    "Great safe neighborhood, diverse and friendly. Parks, schools, great places to eat. Quiet. Public transportation near"
    0
    Flag
  • Danni
    "The Halloween festival is a lot of fun with lots of cool costumes and cool booths to check out. There’s usually food trucks and drink options too. Parking is very tricky for this event, but if you live close enough you can just walk"
    0
    Flag
  • Ksrfamjam
    "Good schools. Recreational outdoors parks. Safe streets. Lots of other children in the neighborhood for company"
    0
    Flag
  • Leandrea Lawson
    "The people that live here and the way they are building up the neighborhood and all the actives they have for our children in the summer "
    2
    Flag
  • Terri Williams
    "Every neighborhood has the same kind of people in it. You have to beware no matter what the neighborhood is. Negligence is everywhere."
    0
    Flag
  • Trulia User
    "new to the area and I hope it's a nice neighborhood and quite and peaceful and I hope the neighbors look out for each other. "
    5
    Flag
  • Trulia User
    "It’s pretty central to all of Indianapolis and surroundings areas. I truly enjoy being able to see familiar faces and watching the kids play. The yards are well kept and everyone is friendly. "
    1
    Flag
  • Trulia User
    "Woodruff Place is a gorgeous, friendly place to live. Neighbors are passionate about bettering the community and maintaining beautiful homes."
    18
    Flag
  • Trulia User
    "It is not well maintained. Have had packages stolen off front porch. Many people wander around who are on drugs"
    5
    Flag
  • Trulia User
    "nice and quiet clean very friendly and a lot of nice homes and family living in the area and the streets are clean and the stores are close and nice police officers in the neighborhood "
    1
    Flag
  • Trulia User
    "I see a lot of my neighbors walk their dogs on the sidewalk. They usually carry doggybags with them to clean up after their dogs."
    1
    Flag
  • Trulia User
    "Yard Sales when the majority of the community joins in we have a blast. There is no limit of objects to buy. "
    1
    Flag
  • Trulia User
    "keep kids safe and always look out while they out playing. But some neighborhoods east are safe. parents should always have safe and comfortable playgrounds "
    0
    Flag
  • Trulia User
    "they keep up there lawns and no trash..the neighbors are nice working community..or retired ..u will feel comfortable making this yr home..but the schools are it's there trying to better the schools"
    10
    Flag
  • Trulia User
    "The home feature distinct architecture a d individuality..I grew up near Irvington and have loved it since I was a child. Halloween festival gets BETTER every year. .Awesome small neighborhood restaurants and shops. The Pensey ,Train is a great community gathering spot. People take care and pride in their homes and gardens. "
    0
    Flag
  • Trulia User
    "There are good schools & there are at least a dozen local businesses nearby! Look into the history of Irvington because it’s interesting and perfect for Halloween. :)"
    0
    Flag
  • Trulia User
    "I have no idea. We just hang out with our neighbor and walk around. Tons of cool places around us here. "
    0
    Flag
  • Trulia User
    "The area sucks. You basically require a vehicle in order to do anything around here. There isn’t a lot to do nearby and there aren’t really any public areas to enjoy. You have to drive somewhere else in order to receive a good experience and the restaurants nearby do not care at all."
    0
    Flag
  • Trulia User
    " Getting downtown is super easy. In fact , it's easy to get to any side of town from this neighborhood. "
    0
    Flag
  • LadybugCareGiver
    "I’ve lived here on and off for about 7-8 years they’re trying to get it cleaned up but it’s still rough this way"
    5
    Flag
  • Trulia User
    "This neighborhood is on the come up. Still dome ruff edges but family oriented. I've lived here for over 30 years "
    0
    Flag
  • Trulia User
    "I live in Irvington and commute to Castleton, and it's been so smooth! I even used to run/bike commute to and from work with no issues."
    0
    Flag
  • Trulia User
    "Cottage Homes Historic area, continued growth and renovation, Bottleworks, Mass Avenue, dog friendly. "
    3
    Flag
  • Trulia User
    "There are many people out walking their dogs. Not everyone picks up the poo though! Everyone is friendly"
    0
    Flag
  • Trulia User
    "the old homes are beautiful and we are very close to everything that is great; Irvington, downtown, Broadripple, and many parks. For example, Holliday Park, or Broadripple park."
    2
    Flag
  • Jeneca H.
    "Community newsletter, sociable neighbors, everyone seems to look out for or be aware of the area for other neighbors and friends."
    7
    Flag
  • Mary S.
    "Love them all seam retry friendly and protect there homes. People clean up after them and love to take the to the park to allow them to run around "
    3
    Flag
  • Lauren
    "Easy access to the highways. Three miles to downtown without using highways. Easy to get to any mall or grocery store"
    2
    Flag
  • Diana R.
    "My neighborhood is quiet and everyone keeps an eye on it. Neighbors are friendly and their are many young homeowners with families. The area is super convenient to downtown and the Interstate. Homes have character and it is a growing community. "
    2
    Flag
  • Sara M.
    "there's dogs that run the streets. not so quiet over here. they come in my yard tare threw my garbage"
    6
    Flag
  • Hollyschipp
    "I work in Carmel so my commute is generally at least 45 minutes each way in moderate traffic. 465 is typically too packed so it is best to take College/Meridian. "
    1
    Flag
  • Hollyschipp
    "There are often stray dogs and MANY stray/feral cats. I stopped walking my dog because of running into stray dogs or dogs that weren’t on leashes. There are a large number of irresponsible pet owners in the area. "
    4
    Flag
  • Bridget B.
    "Close to lots of places like Mass Ave and Downtown, while also being a stones throw away from Fountain Square and Broad Ripple. Being close to the Monon is a plus too. "
    24
    Flag
  • RJ
    "Feast of Lanterns, Cottage Home Block Party, and Woodruff Place Flea Market are events I look forward to every year! "
    1
    Flag
  • Emilie S.
    "I have lived here for almost 4 years and love where we live. the neighborhood is growing and changing everyday. I love it"
    12
    Flag
  • Deontara S.
    "This neighborhood has to much crime and isn’t a safe feeling place I would want to raise children in this neighborhood "
    5
    Flag
  • Natalie K.
    "Up and coming area. Love how close I am to downtown but wouldn’t walk around alone at night. I have also had packages opened and taken off my porch "
    3
    Flag
  • Sara F
    "I have been attacked several times walking in the neighborhood. Many times it’s because no one has a backyard and everyone has a dog. Both times the dogs were not neutered and aggressive. It's the #1 reason I'm leaving this part of the near east side."
    4
    Flag
  • Zach K.
    "They would not appreciate it considering that there is a family of troublemakers that randomly let their German Shepard run around the neighborhood without supervision. He attacked our dog."
    0
    Flag
  • Rosemeghan93
    "Many people in this neighborhood have dogs and are dog lovers. However, there are many times strays or loose dogs are running around. "
    0
    Flag

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Homes for sale near 4940 E 16th St

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Off Market Homes Near 4940 E 16th St

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Based on information submitted to the MLS GRID as of 2026-07-06 09:52:53 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