940 E 40th St, Indianapolis, IN 46205
OFF MARKET

940 E 40th St
Indianapolis, IN 46205

Meridian Kessler
  • Studio

$297,000

Trulia Estimate
as of Jul 9, 2026
Est. Refi. Payment $1,823/mo*
Refinance Your Home

$297,000

Trulia Estimate
as of Jul 9, 2026
Est. Refi. Payment $1,823/mo*
Refinance Your Home
Studio

Local Information

  • Map ViewExplore the area around 940 E 40th St.
  • Schools3 Preschool Schools5 Elementary Schools1 Middle School4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Description

This multi-family home is located at 940 E 40th St, Indianapolis, IN. 940 E 40th St is in the Meridian Kessler neighborhood in Indianapolis, IN and in ZIP code 46205.
940 E 40th St, Indianapolis, IN 46205 is a studio multi-family in Meridian Kessler. It is currently off market. The Trulia Estimate is $297,000, with a rent estimate of $1,316/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 940 E 40th St

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Interior Details
Types of Rooms: Master Bath
Appliances & Utilities
RefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Hardwood

Property Information

Property Type / Style
Property Type: Multi Family

Community

Units in Building: 2

Market trends in Meridian Kessler

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$498K
$31.33KMoM
Sale-to-List Price
99.9%
Price per sq ft
$181
$1MoM
Available listings
64
2MoM
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Comparable Sales for 940 E 40th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4101 Winthrop Ave, Indianapolis, IN
0.12
Multi-Family Home
$381,435
05/11/26
6
2
-
710 E 40th St, Indianapolis, IN
0.18
Multi-Family Home
$335,000
04/13/26
6
2
-
3837 Carrollton Ave, Indianapolis, IN
0.22
Multi-Family Home
$232,000
02/02/26
8
3
-
3902 Broadway St, Indianapolis, IN
0.31
Multi-Family Home
$387,500
11/07/25
5
2
-
3763 Broadway St, Indianapolis, IN
0.38
Multi-Family Home
$189,000
09/30/25
5
4
-
3435 Carrollton Ave, Indianapolis, IN
0.40
Multi-Family Home
$178,500
08/29/25
6
2
-
4039 Central Ave, Indianapolis, IN
0.44
Multi-Family Home
$465,000
04/01/26
6
2
-
4325 N College Ave, Indianapolis, IN
0.46
Multi-Family Home
$460,000
06/15/26
6
4
-
3626 Birchwood Ave, Indianapolis, IN
0.46
Multi-Family Home
$337,000
06/30/26
6
4
-
1457 Fairfield Ave, Indianapolis, IN
0.47
Multi-Family Home
$380,000
11/12/25
3
2
-

Nearby homes

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Assigned Schools

These are the assigned schools for 940 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

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

What Locals Say about Meridian Kessler

At least 73 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

  • 83 % Say there's holiday spirit

  • 82 % Say kids play outside

  • 77 % Say people would walk alone at night

  • 76 % Say streets are well-lit

  • 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
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  • Trulia User
    "The school down the road has a French festival and the state fair grounds has events all year around."
    0
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  • 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. "
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  • 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 "
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  • 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."
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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. "
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  • 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!"
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  • Kyfoster
    "walkable to fun stores and restaurants. trendy and active area. homes with character and charm make the area interesting"
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  • 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
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  • 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."
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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"
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  • 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
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Homes for sale near 940 E 40th St

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Off Market Homes Near 940 E 40th St

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