509 E Walnut St, Indianapolis, IN 46202
OFF MARKET

509 E Walnut St
Indianapolis, IN 46202

Downtown
  • Studio
  • 1,166 sqft

$295,500

Trulia Estimate
as of Aug 23, 2026
Est. Refi. Payment $1,829/mo*
Refinance Your Home

$295,500

Trulia Estimate
as of Aug 23, 2026
Est. Refi. Payment $1,829/mo*
Refinance Your Home
Studio
1,166 sqft

Home Value

Trulia Estimate
$296K
Since last month
Decreased$9K (-3.1%)
Since last year
Decreased$22K (-7%)
Since last sale
Increased$259K (+803.6%)
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 +55% in the last 10 years
MonthEstimated value
2026
August 2026$291K
July 2026$301K
June 2026$306K
May 2026$303K
April 2026$315K
March 2026$309K
February 2026$316K
January 2026$312K
2025
2024
2023
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
383 E Arch St, Indianapolis, IN
0.19
Single-Family Home
$335,000
02/06/26
2
1.5
1,120
334 E 7th St, Indianapolis, IN
0.18
Single-Family Home
$264,000
07/13/26
1
1.5
1,120
355 E Saint Clair St, Indianapolis, IN
0.17
Single-Family Home
$260,000
06/15/26
2
1.5
1,120
326 E Saint Clair St, Indianapolis, IN
0.23
Single-Family Home
$360,000
07/20/26
2
1.5
1,120
346 E Saint Clair St, Indianapolis, IN
0.21
Single-Family Home
$360,000
08/04/26
2
1.5
1,120
635 E 10th St, Indianapolis, IN
0.31
Single-Family Home
$285,000
08/06/26
1
1.5
1,094
733 Dorman St, Indianapolis, IN
0.53
Single-Family Home
$92,297
02/19/26
2
-
1,872
609 E 9th St, Indianapolis, IN
0.22
Single-Family Home
$499,999
10/02/25
2
2
1,764
514 N Park Ave, Indianapolis, IN
0.15
Single-Family Home
$1,375,000
01/20/26
4
4
4,524
630 E Saint Clair St, Indianapolis, IN
0.13
Single-Family Home
$830,000
02/23/26
3
2.5
3,072

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
610 N Park Ave, Indianapolis, IN 46204
0.08
$824,400
2
2.5
3,428
Off Market
707 N East St, Greenfield, IN 46140
0.03
-
-
-
-
Off Market
611 N Park Ave #102, Indianapolis, IN 46204
0.08
$410,000
2
2
1,202
Recently Sold
611 N Park Ave #104, Indianapolis, IN 46204
0.08
$375,800
2
2
1,230
Off Market
611 N Park Ave #105, Indianapolis, IN 46204
0.08
$340,000
2
2
1,230
For Sale
611 N Park Ave #109, Indianapolis, IN 46204
0.08
$340,000
2
2
1,530
For Sale
611 N Park Ave #203, Indianapolis, IN 46204
0.08
$320,000
2
2
1,230
Recently Sold
611 N Park Ave #207, Indianapolis, IN 46204
0.08
$345,000
2
2
1,230
Recently Sold
611 N Park Ave #405, Indianapolis, IN 46204
0.08
$374,600
2
2
1,220
Off Market
611 N Park Ave #407, Indianapolis, IN 46204
0.08
$370,000
2
2
1,230
Recently Sold
611 N Park Ave #408, Indianapolis, IN 46204
0.08
$360,000
2
2
1,230
For Sale
611 N Park Ave #414, Indianapolis, IN 46204
0.08
$243,300
1
1
721
Off Market

Local Information

  • Map ViewExplore the area around 509 E Walnut St.
  • Schools7 Preschool Schools11 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2003
Living Area
1,166 sqft
Price/Sqft
$253
Parking
Garage

About this House

This single-family home is located at 509 E Walnut St, Indianapolis, IN. 509 E Walnut St is in the Downtown neighborhood in Indianapolis, IN and in ZIP code 46202. This property has approximately 1,166 sqft of floor space. This property has a lot size of 7405 sqft and was built in 2003.
509 E Walnut St, Indianapolis, IN 46202 is a studio, 1,166 sqft single-family home in Downtown, built in 2003. It last sold for $32,250 on Apr 4, 2000. It is currently off market. The Trulia Estimate is $295,500, with a rent estimate of $1,732/month.

Home Details for 509 E Walnut St

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
GarageParking Spaces: 3Parking: Garage Attached

Property Information

Year Built
Year Built: 2003Year Updated: 2003
Property Type / Style
Property Type: Single Family Home

Interior Features

Heating & Cooling
Air ConditioningCooling System: Central

Community

Units in Building: 1

Lot Information

Lot Area: 2439 sqft

Price and Tax history

DateEventPrice
Apr 4, 2000
Source: MIBOR as distributed by MLS GRID #2005348
Sold
$32,250

Market trends in Downtown

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$387K
Sale-to-List Price
—
Price per sq ft
$238
Available listings
140
7MoM

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

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

What Locals Say about Downtown

At least 196 Trulia users voted on each feature.

  • 89 % Say it's dog friendly

  • 87 % Say there are sidewalks

  • 83 % Say it's walkable to restaurants

  • 78 % Say streets are well-lit

  • 75 % Say it's walkable to grocery stores

  • 70 % Say parking is easy

  • 66 % Say there's holiday spirit

  • 65 % Say people would walk alone at night

  • 64 % Say car is needed

  • 48 % Say yards are well-kept

  • 46 % Say neighbors are friendly

  • 44 % Say they plan to stay for at least 5 years

  • 34 % Say there are community events

  • 34 % Say it's quiet

  • 33 % Say kids play outside

  • 24 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Wdjx6xjvkg
    "Dog parks with shaded area"
    0
    Flag
  • Trulia User
    "They would like that it’s close to central downtown but wouldn’t like the neighborhood and that there’s not enough living space for dogs and their owners "
    8
    Flag
  • Trulia User
    "Great place to live. Fantastic atmosphere. Pleasant neighborhoods with lively character. I fully recommend living here."
    1
    Flag
  • Trulia User
    "I love this neighborhood! Lots of shops, restaurants and things to do. Neighbors are very friendly and it is a very safe place. "
    1
    Flag
  • Trulia User
    "everyone tries to look out for each other and the area is a really great area for schools and hang outs"
    1
    Flag
  • Trulia User
    "Dog owners would like to walk their dogs on the canal. Dog owners are really great here. Its better to have a dog here"
    0
    Flag
  • Amanda
    "No dog parks. Most dogs in the green spaces are without a leash. Problematic for children and smaller dogs. "
    19
    Flag
  • Leslie-ann J.
    "The Red Line is front of my building and there are other bus lines that are nearby. Commuting is not an issue for the area of downtown that I live in."
    10
    Flag
  • Katrina K.
    "It is a great neighborhood with a beautiful cultural trail. Close grocery stores and great spaces to hangout "
    7
    Flag
  • Nicci T.
    "This neighborhood is unique because Its convenient. And it’s right in the middle of everything . It’s a nice place to live "
    10
    Flag
  • Theschraws
    "This is a dog friendly city however at the Lux dogs are not allowed . The axis has a dog friendly atmosphere and it’s own dog park! "
    8
    Flag
  • Katherineonigiri
    "Great walking and biking to downtown jobs. On cultural trail with bike share available. Easy highway access. "
    5
    Flag
  • Michelle S.
    "they're going to get sandwiches in our neighborhood in the area has great parks and great people I love the downtown area"
    8
    Flag
  • Kathleen B.
    "love this neighborhood. been here almost two years. friendly enough. folks walking their dogs. not great regarding parking tho."
    6
    Flag
  • E0
    "Very few families live in my neighborhood . It’s great for single people and pet owners and the walk ability is great "
    3
    Flag
  • Kathleen B.
    "I've lived here for 1 1/2yrs. its a decent neighborhood. kinda congested as far as parking. living next to the firehouse isn't too bad either. not as bad as I thought."
    6
    Flag
  • Joelly J.
    "My community is unique because the apartment buildings are built well, people are friendly, our neighborhood is very well lit, our community amenities are 24/7 including the pool and hot tub. "
    3
    Flag
  • Kiarahparker84
    "Living downtown is fun, exciting, and there is ALWAYS something to do‼ There are countless restaurants to dine in or carry out. The Canal is great and beautiful at night. The Circle Center Mall is a great place to shop. I was born and raised in Indianapolis, so I've lived pretty much all over Indy. Downtown has kept me longer than any other side of town. I LOVE MY HOMETOWN 😊 I'M A CITY GIRL‼‼🏢🏦🏨⛪🏛🏙🌃"
    3
    Flag
  • Kathleenlbluestein
    "great area for fireworks🎆 see lots of folks with their pets walking, jogging thru town. great bus services, on great schedule. easy commute."
    2
    Flag
  • Kathleen B.
    "nice neighborhood. not a lot of noise not even in the spring and summer months not crime free but not a terribly scary place to live. "
    1
    Flag
  • Kathleen B.
    "basically stay. safe. you never know what's going on. this neighborhood is fairly safe. its pretty cool."
    0
    Flag
  • Dawn M. W.
    "there is so much to do within walking distance eating shopping exploring ect and it's right on the bus line and close to the highway it's no more than a 20 minute commute no matter where you are headed "
    3
    Flag
  • Merriam A.
    "Art Squared. Fountain square music festival. First Friday art shows. Real Talk. Chreece. Pioneer Dj nights. "
    0
    Flag
  • Jamie C.
    "Love living downtown however need more conveniences, parking is at a premium and having guests in almost impossible."
    3
    Flag
  • Mas3cf
    "Amazing location, lots of cool historic homes. Convenient to lots of great restaurants, major centers of employment, and interstates."
    3
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 509 E Walnut St

  • What is 509 E Walnut St estimated to be worth?
    Trulia's estimated value for 509 E Walnut St in Indianapolis, IN is $295,500.
  • What is the price history for 509 E Walnut St?
    509 E Walnut St in Indianapolis, IN last sold for $32,250 in April 2000.
  • 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 $387K.
  • Does 509 E Walnut St have air conditioning?
    Yes, 509 E Walnut St in Indianapolis, IN has air conditioning.
  • How big is the lot at 509 E Walnut St?
    The lot at 509 E Walnut St in Indianapolis, IN is about 0.17 acres (7,405 sq ft).

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Off Market Homes Near 509 E Walnut St

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