720 E 48th St, Indianapolis, IN 46205
Property image
Property image
OFF MARKET

720 E 48th St
Indianapolis, IN 46205

Meridian Kessler
  • 3 Beds
  • 2 Baths
  • 1,323 sqft

$284,100

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $1,761/mo*
Refinance Your Home

$284,100

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $1,761/mo*
Refinance Your Home
3 Beds
2 Baths
1,323 sqft

Home Value

Trulia Estimate
$284K
Since last month
Decreased$60K (-17.8%)
Since last year
Decreased$14K (-4.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +127% in the last 10 years
MonthEstimated value
2026
August 2026$279K
July 2026$339K
June 2026$294K
May 2026$294K
April 2026$278K
March 2026$292K
February 2026$275K
January 2026$267K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4040 N College Ave, Indianapolis, IN
0.82
Townhouse
$382,500
09/29/25
3
1.5
1,280
5550 Guilford Ave, Indianapolis, IN
0.88
Townhouse
$335,000
10/01/25
2
1.5
1,164
6038 N College Ave, Indianapolis, IN
1.64
Townhouse
$500,000
09/05/25
3
1.5
1,500
3419 Carrollton Ave, Indianapolis, IN
1.59
Townhouse
$175,000
06/05/26
3
1.5
1,890
4901 Central Ave, Indianapolis, IN
0.28
Townhouse
$472,000
07/01/26
3
1.5
1,600
3015 N Washington Blvd, Indianapolis, IN
2.15
Townhouse
$400,000
02/05/26
3
2
1,421
4354 Norwaldo Ave, Indianapolis, IN
0.89
Townhouse
$160,000
09/29/25
2
1
728
2454 Peoples Dr, Indianapolis, IN
2.72
Townhouse
$325,000
06/30/26
3
2.5
1,526
2450 Peoples Dr, Indianapolis, IN
2.72
Townhouse
$325,000
05/06/26
3
2.5
1,526
2434 Winthrop Ave, Indianapolis, IN
2.72
Townhouse
$325,000
07/24/26
3
2.5
1,526

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
4805 N College Ave, Indianapolis, IN 46205
0.02
$388,400
2
1
2,581
Off Market
4726 N College Ave, Indianapolis, IN 46205
0.06
$475,000
6
4
-
For Sale
4813 N College Ave, Indianapolis, IN 46205
0.04
$428,700
6
2
-
Off Market
4817 N College Ave, Indianapolis, IN 46205
0.04
$503,100
4
3
2,668
Off Market
4615 N College Ave, Indianapolis, IN 46205
0.09
$459,600
3
2
2,402
Off Market
4702 Carrollton Ave, Indianapolis, IN 46205
0.06
$525,000
3
2.5
2,201
Recently Sold
4816 Carrollton Ave, Indianapolis, IN 46205
0.04
$438,500
3
2
2,952
Off Market
4721 Carrollton Ave, Indianapolis, IN 46205
0.06
$312,100
2
1
2,220
Off Market
4705 Carrollton Ave, Indianapolis, IN 46205
0.07
$315,000
3
1
2,463
Recently Sold
4616 Carrollton Ave, Indianapolis, IN 46205
0.09
$372,000
3
2
1,974
Off Market
652 E 48th St, Indianapolis, IN 46205
0.08
$365,300
2
1.5
1,616
Off Market
4637 Carrollton Ave, Indianapolis, IN 46205
0.09
$307,100
2
1
2,031
Off Market

Local Information

  • Map ViewExplore the area around 720 E 48th St.
  • Schools5 Preschool Schools9 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Townhouse
Year Built
1930
Living Area
1,323 sqft
Price/Sqft
$215

About this House

This townhouse is located at 720 E 48th St, Indianapolis, IN. 720 E 48th St is in the Meridian Kessler neighborhood in Indianapolis, IN and in ZIP code 46205. This property has 3 bedrooms, 2 bathrooms and approximately 1,323 sqft of floor space. This property was built in 1930.
720 E 48th St, Indianapolis, IN 46205 is a 3 bedroom, 2 bathroom, 1,323 sqft townhouse in Meridian Kessler, built in 1930. More recently, it was listed as a rental in March 2020 with an asking price of $1,400 per month. That rental listing was removed on June 19, 2020. It is currently off market. The Trulia Estimate is $284,100, with a rent estimate of $1,741/month.

Home Details for 720 E 48th St

Interior Features

Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Interior Details
Types of Rooms: Dining Room
Appliances & Utilities
DishwasherDisposalMicrowaveRefrigerator

Property Information

Year Built
Year Built: 1930
Property Type / Style
Property Type: Townhouse

Exterior Features

Exterior Home Features
Exterior: Stone

Price and Tax history

DateEventPrice
Jun 19, 2020
Source: Agent Provided
ListingRemoved
$1,350
Jun 4, 2020
Source: Agent Provided
PriceChange
$1,350
Price decreased by 4%
Mar 17, 2020
Source: Agent Provided
Listed For Rent
$1,400
Oct 20, 2016
Source: Agent Provided
ListingRemoved
$1,100
Sep 26, 2015
Source: Agent Provided
ListingRemoved
$1,050

Market trends in Indianapolis

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$251K
$10KMoM
Sale-to-List Price
99.6%
0.3%MoM
Price per sq ft
$145
$3MoM
Available listings
4043
154MoM

Around this home

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

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

What Locals Say about Meridian Kessler

At least 74 Trulia users voted on each feature.

  • 96 % Say it's dog friendly

  • 94 % Say there are sidewalks

  • 92 % Say yards are well-kept

  • 86 % Say parking is easy

  • 85 % Say it's walkable to restaurants

  • 84 % Say there's holiday spirit

  • 82 % Say kids play outside

  • 76 % Say streets are well-lit

  • 76 % Say people would walk alone at night

  • 73 % Say neighbors are friendly

  • 72 % Say car is needed

  • 68 % Say it's walkable to grocery stores

  • 67 % Say they plan to stay for at least 5 years

  • 63 % Say there are community events

  • 51 % Say there's wildlife

  • 46 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "cool people cool stuff. biscuits and gravy car club Saturdays. farmers market is pretty 😎 and the park is one of a kind. "
    0
    Flag
  • Trulia User
    "The school down the road has a French festival and the state fair grounds has events all year around."
    0
    Flag
  • Trulia User
    "Great places to walk. Lots of dog-friendly places to take your pup for dinner. Some of the yards can be a bit small."
    0
    Flag
  • Trulia User
    "I drive my car. I take Meridian St. north to my workplace in Carmel. It is a short 15 minute drive. "
    0
    Flag
  • Trulia User
    "The streets in the area are busy so be cautious. Friendly neighborhood. Walk to grocery stores, restaurants and schools. Neighbors look after each other so you feel very safe. "
    0
    Flag
  • J J. O.
    "it's a dog friendly neighborhood. Dog's are well maintained and so are the lawns owners have control over their pets "
    0
    Flag
  • Ratay.torrey
    "There are lots of families with dogs around this area and many patios are dog friendly. People generally clean up after their dogs well, also."
    0
    Flag
  • Meredithangner
    "Amazing neighborhood. Really can’t find a better place to live in Indy! Safe, friendly and beautiful. Plus walk to school"
    0
    Flag
  • Karla
    "Saint Joan of Arc festival and Sausage Festival are great! Jazz fest at jazz kitchen is one of my favorite weekends."
    2
    Flag
  • Juliet M.
    "Lots of families. Lots of pets, good sidewalks, shops, restaurants. We really like living here. Never had an issue with feeling uncomfortable "
    0
    Flag
  • Jesse.kurth
    "Zone 2 of Meridian Kessler East of College is quiet, void of crime, larger than average homes and invested home owners."
    1
    Flag
  • Mbc3muller
    "Our dogs frolic in a fenced yard with 300 feet of treed shade. They run the fence with our neighbor dogs on either side. Lots of people walk their dogs on the side walk out front. We are a dog friendly area. Everyone picks up after their dogs, and most keep their pets out of the flowers. "
    1
    Flag
  • Jerry W. T. J.
    "Commute to downtown is painful for past 18 months, perhaps construction being finished will help. Red line bus could be the answer."
    0
    Flag
  • Paige O.
    "Close to everything. Clean. Diverse. Is in a safe bubble. Loving neighbors. A million parks near by. Ideal to raise a child here. "
    0
    Flag
  • Kyfoster
    "Accessible to parks, monon trail. Lots of dog friendly people in the area. Many restaurants are dog friendly as well especially in the summer time. "
    0
    Flag
  • Jordan H.
    "A great place to live, go out, exercise, and enjoy your neighbors. Perfect location in Indianapolis."
    0
    Flag
  • Caitlyn R.
    "Safe neighborhood but definitely street by street. Fast driving cars near college. A lot of traffic. "
    0
    Flag
  • Jesse k.
    "The yards in this neighborhood typically aren't huge but we're close to the Monon trail, so a great place for walks."
    0
    Flag
  • Kyfoster
    "good area and nice people. great local food and shops. dog friendly and parks are close by. low crime rate"
    0
    Flag
  • Gabriel H.
    "Friendly, diverse neighborhood; fairly pedestrian friendly; Monon Trail should be considered a national treasure. "
    0
    Flag
  • Ktspitler
    "Our neighborhood has a little bit of everything! Friendly, downtown feel, restaurants and shops in walking distance, old homes with lots of character...there is turkey not another neighborhood like it in the area. Schools are within walking distance and neighbors are always outside ready for a friendly chat!"
    0
    Flag
  • Kyfoster
    "walkable to fun stores and restaurants. trendy and active area. homes with character and charm make the area interesting"
    0
    Flag
  • Andy P.
    "I've lived in the area for almost four years, and there is no where else in Indy I'd rather be. You can walk to anything! Shopping, restaurants, green space, schools -- you name it! "
    0
    Flag
  • Mary
    "Houses in SoBro, near 46th & Winthrop are great for active families. Meridian Kessler little league is running almost every evening on the diamonds at the school for the deaf (on 46th). Across the street is Aresenal Park. On a sunny Sunday & often throughout the week there are bike polo matches, pick up basketball, ultimate frisbee, soccer, Indy Parks area for outdoor parties & the play area for kids, including a splash park in the summer! There's also development in nearby businesses along College, The Monon & 46th. Surely a great area to live. I've lived in the area for 3+ years now & haven't had any dangerous interactions with anyone. The crime seems to be isolated to the houses / apartments where folks are up to no good."
    0
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  • lbisser
    "Excellent schools - Center for Inquiry and Immaculate Heart of Mary in walking distance. Friendly neighborhood walking biking pet friendly - near Broad Ripple dog park, and The Riviera Club for fitness and swimming and social life"
    0
    Flag
  • pacificsky71
    "Wow, loved it. Traffic was a bit much but after a month I didnt even notice. Was so nice to live only a few minutes from down town and a few minutes from broadripple. Neightbors were best I have ever lived near. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 720 E 48th St

  • What is 720 E 48th St estimated to be worth?
    Trulia's estimated value for 720 E 48th St in Indianapolis, IN is $284,100.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $251K. That is up $10K from the prior month.
  • What do residents say about the Meridian Kessler neighborhood?
    Residents describe the Meridian Kessler neighborhood in Indianapolis, IN as dog-friendly, pedestrian-friendly, and well-kept. See recently sold homes in Meridian Kessler, Indianapolis.

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Off Market Homes Near 720 E 48th St

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