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

545 E 38th St
Indianapolis, IN 46205

Mapleton-Fall Creek
  • 2 Beds
  • 3 Baths

$155,200

Trulia Estimate
as of May 29, 2026
Est. Refi. Payment $967/mo*
Refinance Your Home

$155,200

Trulia Estimate
as of May 29, 2026
Est. Refi. Payment $967/mo*
Refinance Your Home
2 Beds
3 Baths

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Another Duplex investment for your books! This property was once a business and now could be part of your portfolio. Upper unit has 1 BR, 1 Full BA. Main level unit has 1 BR, possibly 2 depending upon where you put the kitchen, 1 Full BA, 2 Half BA. Half basement is accessible from Main Level. The main level needs the kitchen put back in. For anyone looking for a small project and to feel the pride of getting an ROI, this is what you've been waiting to hear about. Mechanicals appear to be updated. Roof appears to be in excellent condition. Excellent visibility off 38th St. Bus line access directly in front. Excellent location for a small office / 1 BR rental upstairs combo or a duplex. Can easily be converted back to a single family home with access from main level. Parking lot behind this building is included - the one off Park Ave. Bring your lipstick! All it needs is cosmetics. Perfect little starter investment property.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from October 16, 2024

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 545 E 38th St

Active Status

MLS Status: Sold

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 3
Heating & Cooling
Heating: Forced AirHas CoolingHas HeatingHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Levels: One and One Half

Exterior Features

Exterior Home Features
Foundation: Block
Frontage
Road Frontage: Frontage Road

Days on Market

Cumulative Days on Market: 253

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, DuplexStructure Type: DuplexArchitecture: Traditional
Building
Not a New Construction
Property Information
Parcel Number: 490624119062000101

Price & Status

Price
List Price: $125,000
Status Change & Dates
Off Market Date: Fri Oct 11 2024Possession Timing: Close Of Escrow

Location

Direction & Address
City: IndianapolisCommunity: Marion Highlands
School Information
High School District: Indianapolis Public Schools

Lot Information

Lot Area: 2613.6 sqft

Miscellaneous

BasementMls Number: 21994479
Last check for updates: about 4 hours ago
Listed by David Orton, (317) 412-1572
Fair Market Value Investment Sales
Bought with: Lisanne Allen, (812) 369-8242, Carpenter, REALTORS®
Source: MIBOR as distributed by MLS GRID, MLS#21994479

Price History for 545 E 38th St

DatePriceEventSource
10/11/2024$105,000Sold
MIBOR as distributed by MLS GRID #21994479
09/13/2024$125,000PendingToActiveMIBOR as distributed by MLS GRID #21994479
08/21/2024$125,000PendingMIBOR as distributed by MLS GRID #21994479
08/06/2024$125,000Listed For SaleMIBOR as distributed by MLS GRID #21994479
08/05/2024ListingRemovedMIBOR as distributed by MLS GRID #21937604
07/22/2024$127,000PendingToActiveMIBOR as distributed by MLS GRID #21937604
05/20/2024$127,000PendingMIBOR as distributed by MLS GRID #21937604
05/07/2024$127,000PriceChange
MIBOR as distributed by MLS GRID #21937604
03/13/2024$129,000PriceChange
MIBOR as distributed by MLS GRID #21937604
02/13/2024$149,900PendingToActiveMIBOR as distributed by MLS GRID #21937604
02/06/2024$149,900PendingMIBOR as distributed by MLS GRID #21937602
01/18/2024$149,900PendingToActiveMIBOR as distributed by MLS GRID #21937604
11/09/2023$149,900PendingMIBOR as distributed by MLS GRID #21937604
10/17/2023$149,900PriceChange
MIBOR as distributed by MLS GRID #21937604
09/27/2023$158,000PendingToActiveMIBOR as distributed by MLS GRID #21937604
09/14/2023$158,000PendingMIBOR as distributed by MLS GRID #21937604
08/28/2023$158,000PriceChange
MIBOR as distributed by MLS GRID #21937604
08/11/2023$169,900Listed For SaleMIBOR as distributed by MLS GRID #21937604
12/03/2021$85,000Sold
MIBOR as distributed by MLS GRID #21804253
11/03/2021$85,000PendingMIBOR as distributed by MLS GRID #21804253
10/22/2021$85,000Listed For SaleMIBOR as distributed by MLS GRID #21804253
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Property Tax and Assessment

Year2025
Tax$1,215
Assessment$79,700
Home facts updated by county records

Comparable Sales for 545 E 38th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3763 Broadway St, Indianapolis, IN
0.08
Multi-Family Home
$189,000
09/30/25
5
4
-
3443 Broadway St, Indianapolis, IN
0.08
Multi-Family Home
$205,000
06/10/25
6
2
-
3435 Carrollton Ave, Indianapolis, IN
0.24
Multi-Family Home
$178,500
08/29/25
6
2
-
3426 N College Ave, Indianapolis, IN
0.45
Multi-Family Home
$125,000
05/06/26
4
2
-
3837 Carrollton Ave, Indianapolis, IN
0.25
Multi-Family Home
$232,000
02/02/26
8
3
-
3902 Broadway St, Indianapolis, IN
0.16
Multi-Family Home
$387,500
11/07/25
5
2
-
3619 Salem St, Indianapolis, IN
0.58
Multi-Family Home
$170,000
09/26/25
5
4
-
710 E 40th St, Indianapolis, IN
0.32
Multi-Family Home
$335,000
04/13/26
6
2
-
3558 Guilford Ave, Indianapolis, IN
0.37
Multi-Family Home
$237,500
04/13/26
3
1
-
3507-3509 Guilford Ave, Indianapolis, IN
0.45
Multi-Family Home
$260,000
11/26/25
3
2
-

Nearby homes

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Assigned Schools

These are the assigned schools for 545 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

  • 63 % Say kids play outside

  • 58 % 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. "
    3
    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

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Apartments for Rent

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Homes for sale near 545 E 38th St

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Off Market Homes Near 545 E 38th St

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Based on information submitted to the MLS GRID as of 2026-05-29 12:33:25 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Homes for rent near 545 E 38th St

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545 E 38th St, Indianapolis, IN 46205 is a 2 bedroom, 3 bathroom multi-family built in 1920. 545 E 38th St is located in Mapleton-Fall Creek, Indianapolis. This property is not currently available for sale. 545 E 38th St was last sold on Oct 11, 2024 for $105,000 (16% lower than the asking price of $125,000). The current Trulia Estimate for 545 E 38th St is $155,200.