633 E 38th St, Indianapolis, IN 46205
Property image
Property image
OFF MARKET

633 E 38th St
Indianapolis, IN 46205

Mapleton-Fall Creek
  • 12 Beds
  • 4 Baths
12 Beds
4 Baths

Local Information

  • Map ViewExplore the area around 633 E 38th St.
  • Schools3 Preschool Schools3 Elementary Schools1 Middle School4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1920

About this House

Great investment property in a developing area! This 4 unit property appraised OVER the listing price. Located on the Red Line. All four units are three bedroom, one bath with individually metered electric and gas. Coin operated laundry in the basement is leased and adds to monthly income. New indoor mail system approved by postmaster with parcel locker for secure tenant mail/package delivery and 5 new breaker boxes for each unit and common area. This building is zoned D8 and several new multi-use buildings are being constructed in this area. Owner pays water, sewer, and common area electric. 2x 80 gal water heaters handle all units & laundry. Utility bill average is $200/mo. Could charge a flat rate for water/sewer/electric, and add more washer/dryers & storage units in the basement for additional income.
633 E 38th St, Indianapolis, IN 46205 is a 12 bedroom, 4 bathroom multi-family in Mapleton-Fall Creek, built in 1920. It last sold for the $450,000 asking price on Apr 11, 2024. More recently, it was listed as a rental in December 2020 with an asking price of $800 per month. That rental listing was removed on January 12, 2021. It is currently off market. The Trulia Estimate rent is $2,266/month.

Home Details for 633 E 38th St

Active Status

MLS Status: Sold

Interior Features

Beds & Baths
Number of Bedrooms: 12Number of Bathrooms: 4Number of Bathrooms (main level): 12
Levels, Entrance, & Accessibility
Stories: 2Levels: Two

Exterior Features

Frontage
Road Frontage: Frontage Road, Street Cuts

Days on Market

Cumulative Days on Market: 7

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 490624119088000101

Price & Status

Price
List Price: $450,000
Status Change & Dates
Off Market Date: Mon Mar 04 2024Possession Timing: Close Of Escrow

Location

Direction & Address
City: IndianapolisCommunity: No Subdivision
School Information
High School District: Indianapolis Public Schools

Lot Information

Lot Area: 3484.8 sqft

Business

Expense
Tenant Pays: Cable TV, Electricity, Gas, Insurance

Rental Terms, Policies & Fees

Owner Pays: Insurance, Grounds Care, Taxes, Sewer, Water

Miscellaneous

BasementMls Number: 21958749
Last check for updates: about 14 hours ago
Listed by Devan Lunceford
Elite Indy Realty Group
Bought with: Erik Wentz, F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID, MLS#21958749

Price History for 633 E 38th St

DatePriceEventSource
04/11/2024$450,000Sold
MIBOR as distributed by MLS GRID #21958749
03/05/2024$450,000PendingMIBOR as distributed by MLS GRID #21958749
03/01/2024$450,000PendingToActiveMIBOR as distributed by MLS GRID #21958749
02/22/2024$450,000PendingMIBOR as distributed by MLS GRID #21958749
02/21/2024$450,000PendingToActiveMIBOR as distributed by MLS GRID #21958749
01/08/2024$450,000PendingMIBOR as distributed by MLS GRID #21958749
01/05/2024$450,000Listed For SaleMIBOR as distributed by MLS GRID #21958749
03/25/2021$316,000Sold
MIBOR as distributed by MLS GRID #21765581
02/20/2021$300,000PendingMIBOR as distributed by MLS GRID #21765581
02/18/2021$300,000Listed For SaleMIBOR as distributed by MLS GRID #21765581
01/12/2021ListingRemovedZillow Rental Manager
12/21/2020$800Listed For RentAgent Provided
03/13/2020$230,500Sold
MIBOR as distributed by MLS GRID #21693330
02/07/2020$229,000PendingAgent Provided
02/04/2020$229,000Listed For SaleAgent Provided
11/23/2011$70,000Sold
N/A
06/23/2011$41,651Sold
N/A

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$6,291
Assessment$266,700
Home facts updated by county records

Comparable Sales for 633 E 38th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3763 Broadway St, Indianapolis, IN
0.01
Multi-Family Home
$189,000
09/30/25
5
4
-
3818 Central Ave, Indianapolis, IN
0.22
Multi-Family Home
$685,000
10/17/25
8
4
-
3837 Carrollton Ave, Indianapolis, IN
0.17
Multi-Family Home
$232,000
02/02/26
8
3
-
3902 Broadway St, Indianapolis, IN
0.15
Multi-Family Home
$387,500
11/07/25
5
2
-
710 E 40th St, Indianapolis, IN
0.28
Multi-Family Home
$335,000
04/13/26
6
2
-
3626 Birchwood Ave, Indianapolis, IN
0.37
Multi-Family Home
$337,000
06/30/26
6
4
-
3530 Guilford Ave, Indianapolis, IN
0.36
Multi-Family Home
$272,500
10/15/25
6
4
-
4039 Central Ave, Indianapolis, IN
0.38
Multi-Family Home
$465,000
04/01/26
6
2
-
3435 Carrollton Ave, Indianapolis, IN
0.16
Multi-Family Home
$178,500
08/29/25
6
2
-
1015 Fairfield Ave, Indianapolis, IN
0.39
Multi-Family Home
$335,000
08/18/25
6
2
-

Nearby homes

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Assigned Schools

These are the assigned schools for 633 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

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Apartments for Rent

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Homes for sale near 633 E 38th St

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Off Market Homes Near 633 E 38th St

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Based on information submitted to the MLS GRID as of 2026-08-03 01:03:22 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