541 E 38th St, Indianapolis, IN 46205
OFF MARKET

541 E 38th St
Indianapolis, IN 46205

Mapleton-Fall Creek
  • 3 Beds
  • 2 Baths
  • 1,700 sqft

$153,000

Trulia Estimate
as of Aug 8, 2026

$153,000

Trulia Estimate
as of Aug 8, 2026
3 Beds
2 Baths
1,700 sqft

Local Information

  • Map ViewExplore the area around 541 E 38th St.
  • Schools3 Preschool Schools3 Elementary Schools1 Middle School4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1920
Living Area
1,700 sqft
Price/Sqft
$90
Parking
None

About this House

This single-family home is located at 541 E 38th St, Indianapolis, IN. 541 E 38th St is in the Mapleton-Fall Creek neighborhood in Indianapolis, IN and in ZIP code 46205. This property has 3 bedrooms, 2 bathrooms and approximately 1,700 sqft of floor space. This property has a lot size of 5270 sqft and was built in 1920.
541 E 38th St, Indianapolis, IN 46205 is a 3 bedroom, 2 bathroom, 1,700 sqft single-family home in Mapleton-Fall Creek, built in 1920. It last sold for $15,000 on Jan 3, 2008. More recently, it was listed as a rental in September 2023 with an asking price of $1,200 per month. That rental listing was removed on October 14, 2023. It is currently off market. The Trulia Estimate is $153,000, with a rent estimate of $1,771/month.

Home Details for 541 E 38th St

Interior Features

Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2Floors: Hardwood
Interior Details
Number of Rooms: 5Types of Rooms: Breakfast Nook, Dining Room, Mud Room
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
Parking: None

Property Information

Year Built
Year Built: 1920Year Updated: 1965
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 5270 sqft

Price History for 541 E 38th St

DatePriceEventSource
10/14/2023ListingRemovedZillow Rentals
09/29/2023$1,100PriceChange
Zillow Rentals
09/27/2023$1,200Listed For RentZillow Rentals
09/27/2023ListingRemovedZillow Rentals
09/06/2023$1,200PriceChange
Zillow Rentals
06/02/2023$1,400Listed For RentZillow Rentals
07/28/2015$750ListingRemovedAgent Provided
06/24/2015$750Listed For RentAgent Provided
01/03/2008$15,000Sold
N/A
11/17/2006$75,000Sold
N/A
12/22/2004$128,000Sold
MIBOR as distributed by MLS GRID #2510271
11/12/2004$31,000Sold
MIBOR as distributed by MLS GRID #2453255

Market trends in Indianapolis

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$243K
$9.18KMoM
Sale-to-List Price
99.2%
0.5%MoM
Price per sq ft
$143
$3MoM
Available listings
3885
69MoM
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Property Tax and Assessment

Year2025
Tax$2,418
Assessment$108,900
Home facts updated by county records

Comparable Sales for 541 E 38th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3843 N New Jersey St, Indianapolis, IN
0.19
Single-Family Home
$363,000
04/22/26
3
1.5
2,454
3847 Ruckle St, Indianapolis, IN
0.10
Single-Family Home
$400,000
02/19/26
3
2.5
2,441
548 Central Ct N, Indianapolis, IN
0.28
Single-Family Home
$165,000
07/14/26
3
1.5
2,574
3922 N Park Ave, Indianapolis, IN
0.18
Single-Family Home
$395,000
03/16/26
3
1.5
2,996
522 E 36th St, Indianapolis, IN
0.23
Single-Family Home
$170,000
12/19/25
2
1.5
2,028
3671 Birchwood Ave, Indianapolis, IN
0.46
Single-Family Home
$163,750
07/16/26
3
1.5
1,932
3645 Birchwood Ave, Indianapolis, IN
0.46
Single-Family Home
$251,500
12/17/25
3
1.5
1,800
4140 N College Ave, Indianapolis, IN
0.44
Single-Family Home
$215,000
09/29/25
4
3.5
2,268
3825 Carrollton Ave, Indianapolis, IN
0.25
Single-Family Home
$170,000
09/23/25
3
2
3,109
317 E 37th St, Indianapolis, IN
0.21
Single-Family Home
$269,000
08/20/25
3
2.5
3,076

Nearby homes

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Assigned Schools

These are the assigned schools for 541 E 38th St.
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

Mapleton-Fall Creek
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Mapleton-Fall Creek

At least 48 Trulia users voted on each feature.

  • 91 % Say there are sidewalks

  • 85 % Say it's dog friendly

  • 83 % Say yards are well-kept

  • 79 % Say car is needed

  • 74 % Say parking is easy

  • 68 % Say neighbors are friendly

  • 64 % Say kids play outside

  • 59 % Say there's holiday spirit

  • 54 % Say streets are well-lit

  • 43 % Say there's wildlife

  • 41 % Say there are community events

  • 41 % Say they plan to stay for at least 5 years

  • 40 % Say it's quiet

  • 37 % Say people would walk alone at night

  • 36 % Say it's walkable to restaurants

  • 12 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Xmhdqqftw8
    "Not sure. I have cats. I see people walking them. Not any dog parks in this area and smaller yard sizes "
    0
    Flag
  • Jenna Stensland
    "We have neighborhood activities and clean ups. Neighbors chat and walk together. The kids play outside almost every day. "
    0
    Flag
  • Jenna Stensland
    "We love our historic Indy neighborhood. It’s walking distance to the children’s museum and has a great mix of long term residents and young families. "
    4
    Flag
  • Trulia User
    "Sidewalks on every street and plenty of friendly neighbors around. It’s a great area to have a dog in. Plus there are some houses with larger lots in this area which is great if you have a dog. "
    2
    Flag
  • Trulia User
    "I've lived in this neighborhood for almost 6 years the neighbors are friendly the crime rate in my area is good and the Martin Luther King Center is great with providing resources that people may need"
    1
    Flag
  • Jacqui D.
    "I live here now and love it! It’s great to be so close to downtown and also broad ripple and the Monon."
    12
    Flag
  • Jessica J.
    "it's a great place to live. we walk our dog around the neighborhood and it's very peaceful and friendly. "
    0
    Flag
  • Trulia User
    "easy access to downtown, easy access to red line. Interstates are a little more out of reach. Good hub to binford and the northern shopping districts "
    0
    Flag
  • Cyvonnehillman
    "I feel we are centrally located, easily get around by driving, riding a bus...there are several different bus routes for our area. We have lived here 30 yrs., 2020. It's a great area but i'm ready to downsize. "
    1
    Flag
  • Karn S.
    "It's common enough, no known issues with dogs in this area, there's a park off 40th where Kids and pets play"
    1
    Flag
  • Cyvonnehillman
    "We are centrally located, within 15 min to downtown driving and have access to several different bus routes if needed. "
    0
    Flag
  • LaQuandra
    "It’s a quiet and safe area so far. I have lived here for 5 years and haven’t been in harms way. Not a bad place to live "
    0
    Flag
  • Ashley S. A.
    "People are rude when they park in front of your home they throw their trash. Smoke and drink, then get mad at you for not wanting them to do it. I cannot wait to move from this area."
    3
    Flag
  • Briannagpatrick
    "We have an active neighborhood association and many non profits in the neighborhood that have various events. "
    0
    Flag
  • Aaron T.
    "my neighborhood has great access to public transport. the commute downtown is seamless and streamlined. "
    1
    Flag
  • Ken R.
    "crime and violence and drugs. this area is deplorable and no matter how kind you are, you will be taken advantage of. I was assaulted while walking my service dog and my dog was kicked. "
    1
    Flag
  • Talex m.
    "I would suggest that anyone that moves in this area keep an eye on your children at all times, it's very busy in this area with the traffic. I also would look into better school's. "
    2
    Flag
  • Arial B.
    "Beautiful homes, center of town, great trail just right across the street. The neighbors are polite. "
    17
    Flag

LGBTQ Local Legal Protections

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Homes for sale near 541 E 38th St

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Off Market Homes Near 541 E 38th St

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Frequently asked questions about 541 E 38th St

  • What is 541 E 38th St estimated to be worth?
    Trulia's estimated value for 541 E 38th St in Indianapolis, IN is $153,000.
  • What is the price history for 541 E 38th St?
    541 E 38th St in Indianapolis, IN last sold for $15,000 in January 2008.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $243K. That is up $9.18K from the prior month.
  • How big is the lot at 541 E 38th St?
    The lot at 541 E 38th St in Indianapolis, IN is about 0.12 acres (5,270 sq ft).