5542 E 40th St, Indianapolis, IN 46226
OFF MARKET

5542 E 40th St
Indianapolis, IN 46226

Devington
  • Studio
  • 1 Bath
  • 1,080 sqft

$144,900

Trulia Estimate
as of Jul 31, 2026
Est. Refi. Payment $935/mo*
Refinance Your Home

$144,900

Trulia Estimate
as of Jul 31, 2026
Est. Refi. Payment $935/mo*
Refinance Your Home
Studio
1 Bath
1,080 sqft

Local Information

  • Map ViewExplore the area around 5542 E 40th St.
  • Schools3 Preschool Schools4 Elementary Schools1 Middle School4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1956
Living Area
1,080 sqft
Price/Sqft
$134
Parking
Garage

About this House

This single-family home is located at 5542 E 40th St, Indianapolis, IN. 5542 E 40th St is in the Devington neighborhood in Indianapolis, IN and in ZIP code 46226. This property has 1 bathroom and approximately 1,080 sqft of floor space. This property has a lot size of 8581 sqft and was built in 1956.
5542 E 40th St, Indianapolis, IN 46226 is a studio, 1 bathroom, 1,080 sqft single-family home in Devington, built in 1956. It is currently off market. The Trulia Estimate is $144,900, with a rent estimate of $1,397/month.

Home Details for 5542 E 40th St

Interior Features

Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1956Year Updated: 1956
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 8581 sqft

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$1,446
Assessment$142,800
Home facts updated by county records

Comparable Sales for 5542 E 40th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5601 Glencoe St, Indianapolis, IN
0.07
Single-Family Home
$173,000
10/03/25
3
1
1,152
3904 N Graham Ave, Indianapolis, IN
0.19
Single-Family Home
$107,000
05/26/26
3
1
1,080
3946 N Layman Ave, Indianapolis, IN
0.09
Single-Family Home
$115,000
01/06/26
3
1.5
1,200
4040 N Ritter Ave, Indianapolis, IN
0.14
Single-Family Home
$147,000
07/13/26
3
1.5
1,056
5426 Culver St, Indianapolis, IN
0.17
Single-Family Home
$179,000
05/04/26
3
1
1,728
5605 Glencoe St, Indianapolis, IN
0.08
Single-Family Home
$158,500
08/08/25
4
1.5
1,056
5606 Culver St, Indianapolis, IN
0.08
Single-Family Home
$165,000
07/06/26
3
1.5
1,248
4125 N Butler Ave, Indianapolis, IN
0.42
Single-Family Home
$140,000
12/11/25
3
1
1,075
4356 N Audubon Rd, Indianapolis, IN
0.44
Single-Family Home
$119,714
10/31/25
3
1
1,170
4013 Priscilla Ave, Indianapolis, IN
0.24
Single-Family Home
$195,000
08/22/25
3
1
2,080

Nearby homes

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Assigned Schools

These are the assigned schools for 5542 E 40th 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

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

What Locals Say about Devington

At least 78 Trulia users voted on each feature.

  • 85 % Say yards are well-kept

  • 85 % Say parking is easy

  • 79 % Say car is needed

  • 74 % Say there are sidewalks

  • 71 % Say kids play outside

  • 64 % Say it's dog friendly

  • 60 % Say there's holiday spirit

  • 54 % Say it's quiet

  • 49 % Say they plan to stay for at least 5 years

  • 47 % Say it's walkable to grocery stores

  • 45 % Say neighbors are friendly

  • 40 % Say streets are well-lit

  • 34 % Say people would walk alone at night

  • 33 % Say it's walkable to restaurants

  • 29 % Say there's wildlife

  • 21 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Zedrickturnbough1978
    "I’ve been here for 1 week and I’ve walked my dogs everyday. I’ve never felt unsafe and the neighborhood is very quiet."
    0
    Flag
  • Cherie Ledford
    "Yeah, we have movie night we look out for each of the neighbors I have a dog he’s a Yorky. He weighs 4 pounds he won’t get any bigger and that’s the only animal I have I lived in Lawrence before and liked it."
    2
    Flag
  • Trulia User
    "It’s not a great area anymore my street has no sidewalks no bike trails no good street lights……….>………….."
    0
    Flag
  • Dtorres
    "We need more recreational areas for children. There is a park nearby but its always full with teens and adults playing basketball. A more family friendly park would be great."
    2
    Flag
  • JAnthanee L. B.
    "The commute is this area is typical like any other area in the city. You need a car to get back and forth. There is also two buses that come in the area that take you where you have to go. I just wish that they ran more often."
    4
    Flag
  • Dbueno3
    "Some houses don’t have fences so make sure that you are aware of some stray animals in the neighborhood "
    1
    Flag
  • Dbueno3
    "You have to be careful with other stray dogs around the neighborhood. They don’t seem to be vicious but you never know."
    3
    Flag
  • Spressne
    "I love living here - best kept secret on the East Side. Close to everything, yet stepping out of my door, I'm in the woods - could be in another country, you would never know! 12 years and counting!"
    26
    Flag
  • Chauncy R.
    "need car always traffic after 5pm. Public transportation sucks completely. 2 hour commute somewhere when relying on bus "
    1
    Flag
  • Shelottab
    "The neighbors look out for you but mind their own business at the same time. My neighbor picks up my packages while I’m at work and brings them over."
    25
    Flag
  • Reesecupsmith
    "I’ve lived in this neighborhood all my life. I feel very comfortable here. I think the property values have went down but it is still a good neighborhood "
    25
    Flag

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Homes for sale near 5542 E 40th St

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Off Market Homes Near 5542 E 40th St

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