506 E 38th St #E, Indianapolis, IN 46205
Property image
Property image
OFF MARKET

506 E 38th St #E
Indianapolis, IN 46205

Meridian Kessler
  • 2 Beds
  • 1 Bath
  • 800 sqft

$387,000

Trulia Estimate
as of Aug 20, 2026
Est. Refi. Payment $2,373/mo*
Refinance Your Home

$387,000

Trulia Estimate
as of Aug 20, 2026
Est. Refi. Payment $2,373/mo*
Refinance Your Home
2 Beds
1 Bath
800 sqft

Home Value

Trulia Estimate
$387K
Since last month
Decreased$49K (-10.8%)
Since last year
Increased$19K (+4.9%)
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 +194% in the last 10 years
MonthEstimated value
2026
August 2026$402K
July 2026$451K
June 2026$440K
May 2026$419K
April 2026$388K
March 2026$298K
February 2026$332K
January 2026$365K
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
3721 Salem St, Indianapolis, IN
0.47
Multi-Family Home
$389,000
01/07/26
3
1
1,408
3558 Guilford Ave, Indianapolis, IN
0.48
Multi-Family Home
$237,500
04/13/26
3
1
-
3547 N Illinois St, Indianapolis, IN
0.61
Multi-Family Home
$302,000
05/15/26
2
1
-
3902 Broadway St, Indianapolis, IN
0.18
Multi-Family Home
$387,500
11/07/25
5
2
-
3508 N Illinois St, Indianapolis, IN
0.67
Multi-Family Home
$143,820
06/12/26
2
1
-
3505 N Pennsylvania St, Indianapolis, IN
0.49
Multi-Family Home
$900,550
12/12/25
1
1
-
3469 N Kenwood Ave, Indianapolis, IN
0.72
Multi-Family Home
$284,900
07/15/26
2
1
-
3818 Central Ave, Indianapolis, IN
0.03
Multi-Family Home
$685,000
10/17/25
8
4
-
4039 Central Ave, Indianapolis, IN
0.27
Multi-Family Home
$465,000
04/01/26
6
2
-
3763 Broadway St, Indianapolis, IN
0.19
Multi-Family Home
$189,000
09/30/25
5
4
-

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
3828 Ruckle St, Indianapolis, IN 46205
0.03
$579,500
4
2.5
3,332
Recently Sold
3837 Central Ave, Indianapolis, IN 46205
0.02
$370,000
4
3
3,155
Recently Sold
3847 Ruckle St, Indianapolis, IN 46205
0.07
$400,000
3
2.5
2,441
Recently Sold
3847 N Central Ave, Indianapolis, IN 46205
0.05
$363,800
6
2
-
Off Market
3835 N Ruckle St, Indianapolis, IN 46205
0.06
$413,800
3
1.5
2,604
Off Market
3868 Ruckle St, Indianapolis, IN 46205
0.08
$445,000
3
2.5
2,074
For Sale
3867 N Central Ave, Indianapolis, IN 46205
0.07
$499,400
3
1.5
3,833
Off Market
3815 N Ruckle St, Indianapolis, IN 46205
0.06
$426,900
4
1.5
2,687
Off Market
3827 N Ruckle St, Indianapolis, IN 46205
0.07
$427,200
3
1.5
2,410
Off Market
3867 N Ruckle St, Indianapolis, IN 46205
0.09
$306,600
2
1
2,554
Off Market
3867 Ruckle St, Indianapolis, IN 46205
0.09
$334,800
3
1
2,708
Off Market
3818 Central Ave, Indianapolis, IN 46205
0.03
-
8
4
-
Off Market

Local Information

  • Map ViewExplore the area around 506 E 38th St #E.
  • Schools5 Preschool Schools9 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
2000
Living Area
800 sqft
Price/Sqft
$484

About this House

This multi-family home is located at 506 E 38th St #E, Indianapolis, IN. 506 E 38th St #E is in the Meridian Kessler neighborhood in Indianapolis, IN and in ZIP code 46205. This property has 2 bedrooms, 1 bathroom and approximately 800 sqft of floor space. This property was built in 2000.
506 E 38th St #E, Indianapolis, IN 46205 is a 2 bedroom, 1 bathroom, 800 sqft multi-family in Meridian Kessler, built in 2000. More recently, it was listed as a rental in July 2019 with an asking price of $725 per month. That rental listing was removed on August 28, 2019. It is currently off market. The Trulia Estimate is $387,000, with a rent estimate of $1,169/month.

Home Details for 506 E 38th St #E

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Interior Details
Types of Rooms: Dining Room
Appliances & Utilities
DisposalDryerRefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Carpet, Hardwood

Property Information

Year Built
Year Built: 2000
Property Type / Style
Property Type: Multi Family

Exterior Features

Parking & Garage
Parking: Off Street

Price and Tax history

DateEventPrice
Aug 28, 2019
Source: Agent Provided
ListingRemoved
$725
Jul 18, 2019
Source: Agent Provided
Listed For Rent
$725
Mar 6, 2018
Source: Agent Provided
ListingRemoved
$725
Feb 9, 2018
Source: Agent Provided
Listed For Rent
$725

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

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

What Locals Say about Meridian Kessler

At least 74 Trulia users voted on each feature.

  • 96 % Say it's dog friendly

  • 94 % Say there are sidewalks

  • 92 % Say yards are well-kept

  • 86 % Say parking is easy

  • 85 % Say it's walkable to restaurants

  • 84 % Say there's holiday spirit

  • 82 % Say kids play outside

  • 76 % Say streets are well-lit

  • 76 % Say people would walk alone at night

  • 73 % Say neighbors are friendly

  • 72 % Say car is needed

  • 68 % Say it's walkable to grocery stores

  • 67 % Say they plan to stay for at least 5 years

  • 63 % Say there are community events

  • 51 % Say there's wildlife

  • 46 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "cool people cool stuff. biscuits and gravy car club Saturdays. farmers market is pretty 😎 and the park is one of a kind. "
    0
    Flag
  • Trulia User
    "The school down the road has a French festival and the state fair grounds has events all year around."
    0
    Flag
  • Trulia User
    "Great places to walk. Lots of dog-friendly places to take your pup for dinner. Some of the yards can be a bit small."
    0
    Flag
  • Trulia User
    "I drive my car. I take Meridian St. north to my workplace in Carmel. It is a short 15 minute drive. "
    0
    Flag
  • Trulia User
    "The streets in the area are busy so be cautious. Friendly neighborhood. Walk to grocery stores, restaurants and schools. Neighbors look after each other so you feel very safe. "
    0
    Flag
  • J J. O.
    "it's a dog friendly neighborhood. Dog's are well maintained and so are the lawns owners have control over their pets "
    0
    Flag
  • Ratay.torrey
    "There are lots of families with dogs around this area and many patios are dog friendly. People generally clean up after their dogs well, also."
    0
    Flag
  • Meredithangner
    "Amazing neighborhood. Really can’t find a better place to live in Indy! Safe, friendly and beautiful. Plus walk to school"
    0
    Flag
  • Karla
    "Saint Joan of Arc festival and Sausage Festival are great! Jazz fest at jazz kitchen is one of my favorite weekends."
    2
    Flag
  • Juliet M.
    "Lots of families. Lots of pets, good sidewalks, shops, restaurants. We really like living here. Never had an issue with feeling uncomfortable "
    0
    Flag
  • Jesse.kurth
    "Zone 2 of Meridian Kessler East of College is quiet, void of crime, larger than average homes and invested home owners."
    1
    Flag
  • Mbc3muller
    "Our dogs frolic in a fenced yard with 300 feet of treed shade. They run the fence with our neighbor dogs on either side. Lots of people walk their dogs on the side walk out front. We are a dog friendly area. Everyone picks up after their dogs, and most keep their pets out of the flowers. "
    1
    Flag
  • Jerry W. T. J.
    "Commute to downtown is painful for past 18 months, perhaps construction being finished will help. Red line bus could be the answer."
    0
    Flag
  • Paige O.
    "Close to everything. Clean. Diverse. Is in a safe bubble. Loving neighbors. A million parks near by. Ideal to raise a child here. "
    0
    Flag
  • Kyfoster
    "Accessible to parks, monon trail. Lots of dog friendly people in the area. Many restaurants are dog friendly as well especially in the summer time. "
    0
    Flag
  • Jordan H.
    "A great place to live, go out, exercise, and enjoy your neighbors. Perfect location in Indianapolis."
    0
    Flag
  • Caitlyn R.
    "Safe neighborhood but definitely street by street. Fast driving cars near college. A lot of traffic. "
    0
    Flag
  • Jesse k.
    "The yards in this neighborhood typically aren't huge but we're close to the Monon trail, so a great place for walks."
    0
    Flag
  • Kyfoster
    "good area and nice people. great local food and shops. dog friendly and parks are close by. low crime rate"
    0
    Flag
  • Gabriel H.
    "Friendly, diverse neighborhood; fairly pedestrian friendly; Monon Trail should be considered a national treasure. "
    0
    Flag
  • Ktspitler
    "Our neighborhood has a little bit of everything! Friendly, downtown feel, restaurants and shops in walking distance, old homes with lots of character...there is turkey not another neighborhood like it in the area. Schools are within walking distance and neighbors are always outside ready for a friendly chat!"
    0
    Flag
  • Kyfoster
    "walkable to fun stores and restaurants. trendy and active area. homes with character and charm make the area interesting"
    0
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  • Andy P.
    "I've lived in the area for almost four years, and there is no where else in Indy I'd rather be. You can walk to anything! Shopping, restaurants, green space, schools -- you name it! "
    0
    Flag
  • Mary
    "Houses in SoBro, near 46th & Winthrop are great for active families. Meridian Kessler little league is running almost every evening on the diamonds at the school for the deaf (on 46th). Across the street is Aresenal Park. On a sunny Sunday & often throughout the week there are bike polo matches, pick up basketball, ultimate frisbee, soccer, Indy Parks area for outdoor parties & the play area for kids, including a splash park in the summer! There's also development in nearby businesses along College, The Monon & 46th. Surely a great area to live. I've lived in the area for 3+ years now & haven't had any dangerous interactions with anyone. The crime seems to be isolated to the houses / apartments where folks are up to no good."
    0
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  • lbisser
    "Excellent schools - Center for Inquiry and Immaculate Heart of Mary in walking distance. Friendly neighborhood walking biking pet friendly - near Broad Ripple dog park, and The Riviera Club for fitness and swimming and social life"
    0
    Flag
  • pacificsky71
    "Wow, loved it. Traffic was a bit much but after a month I didnt even notice. Was so nice to live only a few minutes from down town and a few minutes from broadripple. Neightbors were best I have ever lived near. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 506 E 38th St #E

  • What is 506 E 38th St #E estimated to be worth?
    Trulia's estimated value for 506 E 38th St #E in Indianapolis, IN is $387,000.
  • 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 Meridian Kessler neighborhood?
    Residents describe the Meridian Kessler neighborhood in Indianapolis, IN as dog-friendly, pedestrian-friendly, and well-kept. See recently sold homes in Meridian Kessler, Indianapolis.
  • Does 506 E 38th St #E have air conditioning?
    Yes, 506 E 38th St #E in Indianapolis, IN has air conditioning.
  • Does 506 E 38th St #E have laundry facilities?
    Yes, 506 E 38th St #E in Indianapolis, IN has in-unit laundry.

Explore by feature - Pet Friendly

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Off Market Homes Near 506 E 38th St #E

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