5338 Armstrong Dr, Indianapolis, IN 46237
Property image
Property image
OFF MARKET

$211,200

Trulia Estimate
as of Sep 7, 2026
  • 3 Beds
  • 2 Baths
  • 1,508 sqft

5338 Armstrong Dr, Indianapolis, IN 46237

South Emerson

Home Highlights

Single-Family Home
1,508 sqft
$140/sqft

Local Information

  • Map ViewExplore the area around 5338 Armstrong Dr.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Welcome to 5338 Armstrong Dr, a stunning home in the heart of Indianapolis, IN 46237. This beautifully maintained property offers a perfect blend of modern convenience and classic charm. Featuring 4 spacious bedrooms and 3 baths, this home boasts an open floor plan, gourmet kitchen with stainless steel appliances, and a cozy living area with a fireplace. The master suite is a true retreat with a luxurious en-suite bath. Enjoy outdoor living with a private backyard, perfect for entertaining. Located in a friendly neighborhood with easy access to top-rated schools, shopping, and dining. Don't miss the chance to make this your dream home!

Please note- In addition to the monthly rent, a Resident Benefits Package fee of $40/ month will be applied. This includes your renter's insurance, liability insurance, HVAC filter delivery, and much more.
5338 Armstrong Dr, Indianapolis, IN 46237 is a 3 bedroom, 2 bathroom, 1,508 sqft single-family home in South Emerson. It last sold for $75,000 on Oct 24, 2018 (5,276% above the $1,395 asking price). More recently, it was listed as a rental in July 2024 with an asking price of $1,395 per month. That rental listing was removed on October 5, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $211,200, with a rent estimate of $1,698/month.

Home Details for 5338 Armstrong Dr

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: Contact For DetailsAvailable: now

Comparable Sales for 5338 Armstrong Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5021 Pappas Dr, Indianapolis, IN
0.29
Single-Family Home
$75,000
09/11/25
3
2
1,166 sqft
5223 Bahia Dr, Indianapolis, IN
0.10
Single-Family Home
$195,000
02/27/26
3
1.5
1,112 sqft
5514 Meckes Ln, Indianapolis, IN
0.18
Single-Family Home
$235,000
10/10/25
3
1.5
1,564 sqft
5825 Timber Lake Blvd, Indianapolis, IN
0.16
Single-Family Home
$150,000
10/10/25
3
3
1,720 sqft
5512 Lunsford Dr, Indianapolis, IN
0.17
Single-Family Home
$225,000
11/12/25
3
1.5
1,290 sqft
5537 Yeager Ct, Indianapolis, IN
0.25
Single-Family Home
$218,000
07/16/26
3
2
1,482 sqft
5105 Bahia Dr, Indianapolis, IN
0.23
Single-Family Home
$225,000
05/18/26
3
1.5
1,332 sqft
5118 Gringo Dr, Indianapolis, IN
0.20
Single-Family Home
$223,000
04/14/26
4
2
1,506 sqft
5514 Antoneli Ln, Indianapolis, IN
0.28
Single-Family Home
$225,000
02/13/26
3
1.5
1,611 sqft
5927 Timber Lake Blvd, Indianapolis, IN
0.27
Single-Family Home
$235,000
11/25/25
3
1.5
1,709 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 South Emerson

Last updated Sep 2026
Trulia Rent Estimate$1,698/mo
Average rent
$1.54K
$15MoM
Available listings
20
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
Oct 5, 2024
Source: Zillow Rentals
ListingRemoved
$1,395
Jul 3, 2024
Source: Zillow Rentals
Listed For Rent
$1,395
Sep 2, 2023
Source: Zillow Rentals
ListingRemoved
Aug 14, 2023
Source: Zillow Rentals
PriceChange
$1,350
Price decreased by 4%
May 30, 2023
Source: Zillow Rentals
Listed For Rent
$1,400

Frequently asked questions about 5338 Armstrong Dr

  • What is 5338 Armstrong Dr estimated to be worth?
    Trulia's estimated value for 5338 Armstrong Dr in Indianapolis, IN is $211,200.
  • What is the price history for 5338 Armstrong Dr?
    5338 Armstrong Dr in Indianapolis, IN last sold for $75,000 in October 2018.
  • 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.

Homes for rent near 5338 Armstrong 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