5480 E US Highway 40, Plainfield, IN 46168
Property image
Property image
OFF MARKET

5480 E US Highway 40
Plainfield, IN 46168

  • 4 Beds
  • 3 Baths
  • 3,584 sqft (on 0.94 acres)

$337,800

Trulia Estimate
as of Jul 17, 2026
Est. Refi. Payment $2,029/mo*
Refinance Your Home

$337,800

Trulia Estimate
as of Jul 17, 2026
Est. Refi. Payment $2,029/mo*
Refinance Your Home
4 Beds
3 Baths
3,584 sqft
(on 0.94 acres)

Local Information

  • Map ViewExplore the area around 5480 E US Highway 40.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

This property actually consists of three parcels with most of the 'units' already rented out. The three residential units bring in $1350 monthly with the garage/shop at rear rented for $600 monthly. The part under the apartments rents for $400 monthly. Updates have been done continuously to the buildings and there is value in a Commercial property cornering on US Highway 40 in a growing area.
5480 E US Highway 40, Plainfield, IN 46168 is a 4 bedroom, 3 bathroom, 3,584 sqft single-family home built in 1930. It is currently off market. The Trulia Estimate is $337,800, with a rent estimate of $2,801/month.

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 5480 E US Highway 40

Property Information

Year Built
Year Built: 1930
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 0.94 acres

Price History for 5480 E US Highway 40

DatePriceEventSource
10/12/2017$219,900ListingRemovedAgent Provided
07/14/2017$219,900PriceChange
Agent Provided
01/27/2017$234,900PriceChange
Agent Provided
01/12/2017$239,900Listed For SaleAgent Provided

Market trends in Plainfield

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$349K
$16.65KMoM
Sale-to-List Price
100.0%
0.7%MoM
Price per sq ft
$169
$7MoM
Available listings
109
5MoM
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Property Tax and Assessment

Year2025
Tax$480
Assessment$32,000
Home facts updated by county records

Comparable Sales for 5480 E US Highway 40

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5387 Acadia Ct, Plainfield, IN
0.19
Single-Family Home
$525,000
09/26/25
4
3
4,351
5355 Acadia Ct, Plainfield, IN
0.20
Single-Family Home
$410,100
04/09/26
3
2
4,468
4774 Marshall Dr, Plainfield, IN
0.21
Single-Family Home
$389,000
02/02/26
5
3
3,581
5594 Beale St, Plainfield, IN
0.13
Single-Family Home
$375,000
05/08/26
5
2.5
2,971
5374 John Quincy Adams Ct, Plainfield, IN
0.15
Single-Family Home
$390,000
12/08/25
4
2.5
2,684
5353 Hibiscus Dr, Plainfield, IN
0.28
Single-Family Home
$440,000
09/02/25
4
2.5
3,058
5398 Marigold Dr, Plainfield, IN
0.23
Single-Family Home
$357,900
11/18/25
4
2.5
2,458
4812 Marshall Dr, Plainfield, IN
0.27
Single-Family Home
$390,000
07/15/26
5
3
3,030
5644 Broadcaster Ln, Plainfield, IN
0.30
Single-Family Home
$385,000
07/01/26
5
2.5
3,384
4396 Nigella Dr, Plainfield, IN
0.30
Single-Family Home
$407,500
09/30/25
4
2.5
2,616

Nearby homes

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Assigned Schools

These are the assigned schools for 5480 E US Highway 40.
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.

What Locals Say about Plainfield

At least 203 Trulia users voted on each feature.

  • 88 % Say car is needed

  • 86 % Say it's dog friendly

  • 86 % Say parking is easy

  • 80 % Say there are sidewalks

  • 79 % Say yards are well-kept

  • 77 % Say there's holiday spirit

  • 75 % Say kids play outside

  • 72 % Say people would walk alone at night

  • 71 % Say it's quiet

  • 60 % Say streets are well-lit

  • 49 % Say neighbors are friendly

  • 46 % Say they plan to stay for at least 5 years

  • 44 % Say there's wildlife

  • 43 % Say it's walkable to grocery stores

  • 40 % Say it's walkable to restaurants

  • 32 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Cnrvrg5c6n
    "The neighborhood is next to one of the towns community trails which is paved and shaded in the summer. "
    0
    Flag
  • Cnrvrg5c6n
    "Active adult community that has a calendar full of activities each month. Music by the pool in the summers "
    0
    Flag
  • Cnrvrg5c6n
    "55+ community with a substantial activity calendar. Pool, tennis and pickleball courts. Something always going on."
    0
    Flag
  • Traci Grothe
    "It is a great family oriented neighborhood in a great school district. I feel very safe here and everyone is very friendly. "
    0
    Flag
  • Kathy H.
    "Quaker days celebration, free outdoor concerts in one of the parks, local winery with entertainment in the summer. "
    3
    Flag
  • Miriam S.
    "The neighborhood I live in is great. Very friendly neighbors. Mainly people who have lived here for multiple years. But the neighborhood is good for family’s and kids. "
    2
    Flag
  • Candace N.
    "My neighborhood is awesome. Great access to everything. Shopping, food, playgrounds. Schools are amazing. "
    1
    Flag
  • Deeismyagent
    "Close to the trail system, safe, and a great community! Plainfield is close to the interstate, great restaurants, and a few breweries. We love it!"
    0
    Flag
  • Ashlyn Y.
    "Different areas have great families in them. We moved here almost 2 years ago, and it was the best decision we made. "
    2
    Flag
  • Steven B.
    "most beautiful and well maintained parks in Indiana. I've lived here for 10 years and plan on staying for 50 more."
    0
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  • Sarah_e_hunter
    "Plainfield has a members only dog park and there are plenty of trails to walk your furry friends. This town is very pet friendly. "
    0
    Flag
  • Christianangelwalk
    "My neighborhood is A-OK community some are nice some are not. However I do trust it I say nice neighborhood. I would live here or in Avon before any other neighborhood.my commute is by car mainly."
    0
    Flag
  • Tom.kristitank
    "Yearly community events for families and wonderful schools. Great area and close to country and city for your choice of living style. "
    1
    Flag
  • Woolfrobert
    "There are a lot of trails for biking and walking. An excellent aquatic center and gym. Plenty of shopping and things to do."
    0
    Flag
  • Chanda M. .
    "My neighborhood has great access to parks & walking/bicycling trails, w as long distance to the library & churches. It is nice & quiet and the neighbors are friendly & sociable. "
    0
    Flag
  • Russ H.
    "Nice quiet safe neighborhood. I would recommend this area to anyone that wants a nice family friendly community. "
    0
    Flag
  • Ashley
    "Lots of dog owners around always walking their dogs, there is a dog park, and Wag! Services are in this area. There’s also a doggy bakery in town."
    1
    Flag
  • K.e.a.waite
    "I love the older houses and the friendly neighbors. Schools are wonderful. The trail system is extensive and well maintained. It connects many of the neighborhoods and parks. The farmer’s market is great. "
    0
    Flag
  • Nate H.
    "I work out of town, but the local commute to downtown Plainfield is nice and easy. You can get anywhere in Plainfield in about 10 minutes. "
    0
    Flag
  • Latia R.
    "It’s safe for children to play. My daughter loves the parks in the area. The dog owners in the area tend to clean up after their dogs, so you won’t have to worry about your little ones stepping into an uncomfortable mess"
    0
    Flag
  • Brad H.
    "Great safe place to live. Excellent schools, decent restaurants, close to downtown Indianapolis and the airport. Taxes are super low. "
    0
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  • Kheid328
    "My in laws live in this neighborhood. It's nice quiet and safe. Everyone takes care of their yards. It seems to be a clean community. "
    0
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  • Dcandice1
    "There are lot of dogs of all sorts of sizes! We have a lot of parks around the area as well with trash cans and baggies for picking up their mess"
    0
    Flag
  • Brendaburgeson
    "We have lots of kids in our neighbor hood, but never seem to hear them and they are very respectful. "
    0
    Flag
  • Brendaburgeson
    "Nice neighborhood, quiet but friendly. Kids are respectful and stick to the sidewalks and everyone keeps their dogs on a leash. "
    0
    Flag
  • Becca
    "We have car shows, block party’s, baseball games, trails you can walk on. always something to do in Plainfield"
    0
    Flag
  • Scloyd53
    "it looks like a good neighborhood & probably wouldn't mind living here if I could find a house in my price range."
    0
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  • Kristina M.
    "No access to public transportation, great schools. Nearby amenities, traffic does get congested, especially near 70 and it’s real bad by Kroger stick to back roads "
    0
    Flag
  • Thewoolf_78
    "It’s family oriented, seems safe, parks are great, nice trail, needs more local restaurants, clean, "
    0
    Flag
  • Casoprano
    "We’ve owned our home for 20 years here. Its a wonderful family oriented area. Lots of shopping close by as well as restaurants. Parks and trails in throughout our neighborhoods. "
    0
    Flag
  • David L.
    "We live in Plainfield and love the community. The people are friendly and we have love the trail system's for running, biking and walking the dogs. The small town feeling with everything you'll want and need is just door step away."
    0
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Apartments for Rent

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Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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Homes for sale near 5480 E US Highway 40

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Off Market Homes Near 5480 E US Highway 40

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