5027 E 40th St, Indianapolis, IN 46226
Property image
Property image
OFF MARKET

$130,800

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 1,224 sqft (on 0.40 acres)

5027 E 40th St, Indianapolis, IN 46226

Forest Manor
Est. Refi. Payment $856/mo*
Refinance Your Home
Currently Off Market - Sold Mar 15, 2002 for $62,000

Home Value

Trulia Estimate
$131K
Since last month
Increased$2K (+1.2%)
Since last year
Decreased$24K (-15.2%)
Since last sale
Increased$70K (+112.1%)
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 +86% in the last 10 years
MonthEstimated value
2026
August 2026$132K
August 2026$131K
July 2026$130K
June 2026$135K
May 2026$147K
April 2026$157K
March 2026$156K
February 2026$156K
January 2026$156K
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
4934 E 41st St, Indianapolis, IN
0.16
Single-Family Home
$47,000
09/26/25
3
1.5
1,178
3901 Wallace Ave, Indianapolis, IN
0.29
Single-Family Home
$55,000
06/12/26
2
1
1,047
4016 N Emerson Ave, Indianapolis, IN
0.05
Single-Family Home
$204,000
10/17/25
3
1.5
2,174
3911 N Emerson Ave, Indianapolis, IN
0.12
Single-Family Home
$50,000
04/09/26
3
1
1,017
4917 E 39th St, Indianapolis, IN
0.24
Single-Family Home
$141,600
09/26/25
2
1
1,784
3913 N Hawthorne Ln, Indianapolis, IN
0.35
Single-Family Home
$88,000
03/27/26
3
1.5
2,168
3912 Wallace Ave, Indianapolis, IN
0.31
Single-Family Home
$180,000
05/01/26
3
1.5
1,800
3823 N Butler Ave, Indianapolis, IN
0.30
Single-Family Home
$220,000
01/29/26
3
2
1,550
3922 N Butler Ave, Indianapolis, IN
0.22
Single-Family Home
$123,500
02/27/26
4
2
1,589
5349 Culver St, Indianapolis, IN
0.30
Single-Family Home
$175,000
09/16/25
3
1.5
2,009

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
0.05
$204,600
3
1.5
2,174
Off Market
3956 N Grand Ave, Indianapolis, IN 46226
0.10
-
-
-
-
Off Market
4055 N Grand Ave, Indianapolis, IN 46226
0.15
$152,000
3
1
925
For Sale
3961 N Grand Ave, Indianapolis, IN 46226
0.14
$127,700
3
1
999
Off Market
3938 N Grand Ave, Indianapolis, IN 46226
0.13
$135,500
3
1
993
Off Market
3955 N Grand Ave, Indianapolis, IN 46226
0.15
$178,500
3
1
993
Off Market
3918 N Grand Ave, Indianapolis, IN 46226
0.15
$51,000
2
1
-
Recently Sold
4934 E 41st St, Indianapolis, IN 46226
0.16
$47,200
3
1.5
1,178
Off Market
3937 N Grand Ave, Indianapolis, IN 46226
0.17
$166,500
4
2
-
Off Market
4036 N Butler Ave, Indianapolis, IN 46226
0.19
$150,300
3
1
1,952
Off Market
4012 N Butler Ave, Indianapolis, IN 46226
0.19
$156,200
3
1
1,952
Off Market
5230 E 39th St, Indianapolis, IN 46226
0.16
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 5027 E 40th St.
  • Schools5 Preschool Schools9 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1957
0.4 acre lot
1,224 sqft
$107/sqft
Garage

About this House

2 Bedrooms, 1 1/2 Bathrooms. The master bedroom is huge! Den has new wood floors. Kitchen has brand new stainless steel appliances. Home freshly painted.Huge front yard and great for single-family. Easy walking to public transit and awesome neighborhood. Includes a shed for extra storage! No smoking!

Renter pays Electric, Water/ Sewer. First Month and Security Deposit are due at signing.
5027 E 40th St, Indianapolis, IN 46226 is a 2 bedroom, 2 bathroom, 1,224 sqft single-family home in Forest Manor, built in 1957. It last sold for $62,000 on Mar 15, 2002. More recently, it was listed as a rental in November 2021 with an asking price of $1,000 per month. That rental listing was removed on March 1, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $130,800, with a rent estimate of $1,279/month.

Home Details for 5027 E 40th St

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Hardwood
Interior Details
Number of Rooms: 7
Appliances & Utilities
DryerWasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
GarageParking: Off Street, Garage

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: 0.40 acres

Price and Tax history

DateEventPrice
Nov 4, 2025
Source: MIBOR as distributed by MLS GRID #22036327
ListingRemoved
$159,899
Nov 2, 2025
Source: MIBOR as distributed by MLS GRID #22036327
Listed For Sale
$159,899
Oct 4, 2025
Source: MIBOR as distributed by MLS GRID #22036327
ListingRemoved
$159,899
Sep 28, 2025
Source: MIBOR as distributed by MLS GRID #22036327
PriceChange
$159,899
Price decreased by 0%
Aug 19, 2025
Source: MIBOR as distributed by MLS GRID #22036327
PendingToActive
$159,900

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 5027 E 40th St

  • What is 5027 E 40th St estimated to be worth?
    Trulia's estimated value for 5027 E 40th St in Indianapolis, IN is $130,800.
  • What is the price history for 5027 E 40th St?
    5027 E 40th St in Indianapolis, IN last sold for $62,000 in March 2002.
  • 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 5027 E 40th St have laundry facilities?
    Yes, 5027 E 40th St in Indianapolis, IN has in-unit laundry.
  • How big is the lot at 5027 E 40th St?
    The lot at 5027 E 40th St in Indianapolis, IN is about 0.40 acres (17,511 sq ft).

Explore by feature - Pet Friendly

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Explore by feature - Pool

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Explore by feature - Washer/dryer

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Explore by feature - Outdoor Space

399 rentals with an outdoor space in Indianapolis, IN

Apartments for Rent

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Off Market Homes Near 5027 E 40th St

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