5015 E 40th St, Indianapolis, IN 46226
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OFF MARKET

$132,200

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,148 sqft (on 0.35 acres)

5015 E 40th St, Indianapolis, IN 46226

Forest Manor
Est. Refi. Payment $859/mo*
Refinance Your Home
Currently Off Market - Sold Feb 27, 2015 for $30,000

Home Value

Trulia Estimate
$132K
Since last month
Decreased$400 (-0.3%)
Since last year
Decreased$15K (-10%)
Since last sale
Increased$102K (+339.7%)
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 +80% in the last 10 years
MonthEstimated value
2026
August 2026$132K
July 2026$132K
June 2026$134K
May 2026$147K
April 2026$143K
March 2026$142K
February 2026$143K
January 2026$136K
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
3911 N Emerson Ave, Indianapolis, IN
0.15
Single-Family Home
$50,000
04/09/26
3
1
1,017
4934 E 41st St, Indianapolis, IN
0.13
Single-Family Home
$47,000
09/26/25
3
1.5
1,178
3901 Wallace Ave, Indianapolis, IN
0.24
Single-Family Home
$55,000
06/12/26
2
1
1,047
3938 N Grand Ave, Indianapolis, IN
0.17
Single-Family Home
$135,000
09/22/25
3
1
993
4055 N Grand Ave, Indianapolis, IN
0.21
Single-Family Home
$166,900
12/02/25
3
1
925
4917 E 39th St, Indianapolis, IN
0.21
Single-Family Home
$141,600
09/26/25
2
1
1,784
4125 N Butler Ave, Indianapolis, IN
0.33
Single-Family Home
$140,000
12/11/25
3
1
1,075
4016 N Emerson Ave, Indianapolis, IN
0.08
Single-Family Home
$204,000
10/17/25
3
1.5
2,174
4125 N Dequincy St, Indianapolis, IN
0.18
Single-Family Home
$175,000
09/09/25
3
1.5
2,088
3941 Arthington Blvd, Indianapolis, IN
0.28
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
4016 N Emerson Ave, Indianapolis, IN 46226
0.08
$204,600
3
1.5
2,174
Off Market
4934 E 41st St, Indianapolis, IN 46226
0.13
$47,200
3
1.5
1,178
Off Market
3956 N Grand Ave, Indianapolis, IN 46226
0.15
-
-
-
-
Off Market
4125 N Dequincy St, Indianapolis, IN 46226
0.18
$175,700
3
1.5
2,088
Off Market
5230 E 39th St, Indianapolis, IN 46226
0.16
-
-
-
-
Off Market
3938 N Grand Ave, Indianapolis, IN 46226
0.17
$135,500
3
1
993
Off Market
4055 N Grand Ave, Indianapolis, IN 46226
0.21
$157,000
3
1
925
For Sale
3961 N Grand Ave, Indianapolis, IN 46226
0.19
$127,900
3
1
999
Off Market
3918 N Grand Ave, Indianapolis, IN 46226
0.18
$51,000
2
1
-
Recently Sold
3955 N Grand Ave, Indianapolis, IN 46226
0.20
$179,100
3
1
993
Off Market
4916 E 39th St, Indianapolis, IN 46226
0.16
$174,900
4
2
925
For Sale
3910 N Grand Ave, Indianapolis, IN 46226
0.20
$144,300
4
2
-
Off Market

Local Information

  • Map ViewExplore the area around 5015 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
1,148 sqft
Price/Sqft
$115
Parking
Garage

About this House

3 Br Stone Ranch with Full unfinished basement. New Roof. Interior remodeling in process. All new windows scheduled for July. Large yard.
5015 E 40th St, Indianapolis, IN 46226 is a 3 bedroom, 1 bathroom, 1,148 sqft single-family home in Forest Manor, built in 1957. It last sold for $30,000 on Feb 27, 2015. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $132,200, with a rent estimate of $1,440/month.

Home Details for 5015 E 40th St

Interior Features

Interior Details
BasementNumber of Rooms: 7Types of Rooms: Family Room
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Hardwood
Appliances & Utilities
DryerRefrigeratorWasher
Windows, Doors, Floors & Walls
Double Paned Windows

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: Stone
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1957Year Updated: 1961
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Community

Units in Building: 1

Lot Information

Lot Area: 0.35 acres

Price and Tax history

DateEventPrice
Mar 24, 2021
Source: N/A
ListingRemoved
Sep 11, 2015
Source: N/A
ListingRemoved
$79,000
Jun 13, 2015
Source: N/A
Listed For Sale
$79,000
Feb 27, 2015
Source: N/A
Sold
$30,000
Jan 8, 2015
Source: Agent Provided
Listed For Sale
$31,300

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.
  • 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 5015 E 40th St

  • What is 5015 E 40th St estimated to be worth?
    Trulia's estimated value for 5015 E 40th St in Indianapolis, IN is $132,200.
  • What is the price history for 5015 E 40th St?
    5015 E 40th St in Indianapolis, IN last sold for $30,000 in February 2015.
  • 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 5015 E 40th St have air conditioning?
    Yes, 5015 E 40th St in Indianapolis, IN has air conditioning.
  • Does 5015 E 40th St have laundry facilities?
    Yes, 5015 E 40th St in Indianapolis, IN has in-unit laundry.

Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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Apartments for Rent

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Off Market Homes Near 5015 E 40th St

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