5138 Arling Dr, Indianapolis, IN 46237
Property image
Property image
OFF MARKET

$361,000

Trulia Estimate
as of Sep 2, 2026
  • 3 Beds
  • 2.5 Baths
  • 3,234 sqft
  • 3 Beds
  • 2.5 Baths
  • 3,234 sqft

5138 Arling Dr, Indianapolis, IN 46237

South Emerson

Home Highlights

Property Type
Single-Family Home
Living Area
3,234 sqft
Price/Sqft
$112
Parking
Attached Garage

Local Information

  • Map ViewExplore the area around 5138 Arling Dr.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Beautiful 3 bedroom home featuring 9ft 1st floor ceilings and a private study available for immediate move-in. Island kitchen with stainless steel appliances and upgraded maple cabinetry. Upstairs oversized homeowners retreat with an en suite that includes a double bowl vanity, garden tub, separate shower and walk-in closet. There are 2 additional bedrooms each with a walk-in closet, a centrally located hall bathroom and upstairs laundry room and a largo open loft. Full basement and large patio with fenced-in backyard.

Renter is responsible for all utilities and renters insurance.
background required for approval.
We require the following:
1. A credit score of 550 or higher
2. Monthly household income at least 3 times the rent
3. Applicants must have no history of evictions, bankruptcies, criminal or housing court records.
4. A rent ledger showing rent payments for the past 6 12 months
5. Recent pay stubs
6. Bank statements for the past 2 months showing deposits
Please bring either printed copies or digital versions when you come for the tour.
5138 Arling Dr, Indianapolis, IN 46237 is a 3 bedroom, 3 bathroom, 3,234 sqft single-family home in South Emerson. It last sold for $321,277 on Nov 23, 2021 (12,751% above the $2,500 asking price). More recently, it was listed as a rental in April 2025 with an asking price of $2,745 per month. That rental listing was removed on July 29, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $361,000, with a rent estimate of $2,721/month.

Home Details for 5138 Arling Dr

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: Central AirHeating Fuel: Forced Air
Appliances & Utilities
DishwasherDryerWasher
Levels, Entrance, & Accessibility
Floors: Hardwood

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 Year

Exterior Features

Parking & Garage
Parking: Attached, On Site

Comparable Sales for 5138 Arling Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5103 Rum Cherry Way, Indianapolis, IN
0.12
Single-Family Home
$335,000
09/30/25
3
2.5
3,264 sqft
5162 Arling Dr, Indianapolis, IN
0.04
Single-Family Home
$335,000
07/20/26
3
2.5
2,016 sqft
5150 Arling Dr, Indianapolis, IN
0.02
Single-Family Home
$340,000
12/08/25
4
2.5
2,240 sqft
5108 Arling Dr, Indianapolis, IN
0.06
Single-Family Home
$345,000
10/21/25
4
2.5
2,474 sqft
5051 Arling Ct, Indianapolis, IN
0.11
Single-Family Home
$325,000
02/13/26
3
2.5
2,025 sqft
5039 Arling Ct, Indianapolis, IN
0.13
Single-Family Home
$360,000
12/29/25
4
3
3,212 sqft
5303 Rum Cherry Way, Indianapolis, IN
0.13
Single-Family Home
$354,000
10/07/25
4
2.5
2,973 sqft
5233 Rum Cherry Way, Indianapolis, IN
0.10
Single-Family Home
$393,000
06/22/26
5
3
2,978 sqft
3905 Shelbyville Rd, Indianapolis, IN
0.30
Single-Family Home
$375,000
03/31/26
3
2
3,200 sqft
5220 Arling Dr, Indianapolis, IN
0.08
Single-Family Home
$291,000
08/14/26
3
2
1,424 sqft

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Rental Market Trends in Indianapolis

Last updated Sep 2026
Trulia Rent Estimate$2,721/mo
Average rent
$1.5K
Available listings
2560
View rental market trends in Indianapolis, IN

Around this home

Neighborhood Overview

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

What Locals Say about South Emerson

At least 85 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 85 % Say parking is easy

  • 84 % Say kids play outside

  • 82 % Say it's dog friendly

  • 74 % Say yards are well-kept

  • 69 % Say there are sidewalks

  • 68 % Say there's holiday spirit

  • 62 % Say it's quiet

  • 50 % Say neighbors are friendly

  • 50 % Say people would walk alone at night

  • 45 % Say it's walkable to grocery stores

  • 42 % Say there's wildlife

  • 35 % Say it's walkable to restaurants

  • 33 % Say streets are well-lit

  • 33 % Say they plan to stay for at least 5 years

  • 18 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "there is great yard space to run and play and also tons of parks to take them for walks. "
    0
    Flag
  • Trulia User
    "Not a lot of strays. Lots of friendly dogs. Low speed limits. Most of the houses have big yards. Lots of neighborhoods to walk. "
    0
    Flag
  • Trulia User
    "I’ve lived in this beautiful neighborhood for 25 years, raised our sons here. Neighbors are friendly & keep an eye out for one another. Rarely do these homes go up for sale, so there isn’t much turnover. "
    6
    Flag
  • Lalcautergomez
    "Dogs are welcome, most of the neighborhood has dogs and people walks them all the time, and most if not all pick after them "
    1
    Flag
  • Hermelindo P.
    "There is safe to live in here and people are very friendly, so far is nice and calm, no problems with the neighborhood "
    3
    Flag
  • A
    "Some crime; petty theft/ break ins... weird people knock on your door sometimes. BUT management is really nice and the maintenance team is quick and efficient. "
    4
    Flag
  • Scissorhands_888
    "Small neighborhood with two streets to enter or exit. Low incidence of crime. Neighbors watch out for each other and communicate regularly."
    37
    Flag
  • Meddie D.
    "You see dog owners walking their dogs all the time and consistently looking out for each other's pets."
    2
    Flag
  • Dedra B.
    "great..good.. well festive... nice... non violent.. friendly... nice schools.... lots of restaurants.."
    2
    Flag
  • V
    "Schools in this area lack diversity. There are a few nice restaurants and lots of medical offices conveniently located."
    1
    Flag
  • Meddie D.
    "My neighborhood needs greater access to public transportation and better lighting for the streets. The traffic lights would do better with better synchronization."
    3
    Flag
  • Jahadley317
    "This is a great, quiet little area with good schools and easy access to downtown. It is a great place to start a family. Franklin township schools are the best in the city."
    1
    Flag
  • Donna S.
    "I am in a CDI Home Retirement Community. There are very good places to walk without having to get on busy roads. Convenient shopping and eating areas near Southport and also Beech Grove."
    2
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Jul 29, 2025
Source: Zillow Rentals
ListingRemoved
$2,500
Jul 21, 2025
Source: Zillow Rentals
PriceChange
$2,500
Price decreased by 1%
Jul 17, 2025
Source: Zillow Rentals
PriceChange
$2,525
Price decreased by 6%
Jun 12, 2025
Source: Zillow Rentals
PriceChange
$2,675
Price decreased by 3%
Apr 9, 2025
Source: Zillow Rentals
Listed For Rent
$2,745

Frequently asked questions about 5138 Arling Dr

  • What is 5138 Arling Dr estimated to be worth?
    Trulia's estimated value for 5138 Arling Dr in Indianapolis, IN is $361,000.
  • What is the price history for 5138 Arling Dr?
    5138 Arling Dr in Indianapolis, IN last sold for $321,277 in November 2021.
  • 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 $242K.
  • Does 5138 Arling Dr have air conditioning?
    Yes, 5138 Arling Dr in Indianapolis, IN has air conditioning.
  • Does 5138 Arling Dr have laundry facilities?
    Yes, 5138 Arling Dr in Indianapolis, IN has in-unit laundry.

Homes for rent near 5138 Arling Dr

Skip to last item
Skip to first item

Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
Skip to last item
  • Results are loading
Skip to first item