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(317) 339-3315

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551 E 40Th St, Indianapolis, IN 46205

$250,000

Charming craftsman-style home featuring a covered front porch and well-maintained lawn at 551 E 40Th St, Indianapolis, IN 46205

  • Bedrooms

    2

  • Baths

    1

  • Sq. Feet

    2448

  • Year Built

    1915

  • Days on Market

    1

  • $/SqFt

    $102

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  • Charming craftsman-style home featuring a covered front porch and well-maintained lawn at 551 E 40Th St, Indianapolis, IN 46205
  • Inviting front porch with seating, perfect for relaxing and enjoying the neighborhood view at 551 E 40Th St, Indianapolis, IN 46205
  • Cozy living room features hardwood floors, a ceiling fan, and neutral paint colors at 551 E 40Th St, Indianapolis, IN 46205
  • Bright home office space with plenty of natural light and ample room for working at 551 E 40Th St, Indianapolis, IN 46205
  • Comfortable bedroom with hardwood floors, a ceiling fan, and good natural lighting at 551 E 40Th St, Indianapolis, IN 46205
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Home Description

Opportunity Awaits at 551 E 40th Street! Located in the desirable Midtown area, close to the Indiana State Fairgrounds, this charming property offers a fantastic investment or renovation opportunity. Featuring classic architectural details and tons of potential, this home is being sold AS-IS - allowing you to bring your vision to life. With its spacious layout, original character, and prime location near downtown, restaurants, parks, and shopping, it's perfect for investors, flippers, or buyers looking to customize their next home. Room sizes have been measured for marketing purposes but are not guaranteed. Buyers are encouraged to verify all measurements and square footage independently prior to making an offer. Don't miss your chance to create something special in one of Indianapolis' vibrant and growing neighborhoods!

  • Property Type: Single Family
  • Style: TraditonalAmerican
  • Basement: Unfinished
  • Garage Spaces: 0
  • Acres: <1/4 Acre
  • Lot Description: Corner Lot,Not In Subdivision,Sidewalks
  • Siding: Brick,Wood
  • Patio & Porch: Covered Porch,Porch Open

Available now at $250,000

Approximate Room Sizes / Descriptions

Dining Room12x12Main
Kitchen10x11Main
Living Room19x13Main
Primary Bedroom16x11Main
Bedroom 211x13Main
  • Interior Description: Attic Stairway,Built In Book Shelves,Vaulted Ceiling(s)
  • Full Baths: 1
  • Num Fireplaces: 1
  • Fireplace Description: Living Room,Non Functional
  • Appliances: Other,Refrigerator
  • Eating Area: Formal Dining Room
  • Heating: Forced Air,Natural Gas
  • : jhamilton@hamiltonrealtygrp.com

Neighborhood

The average asking price of a 2 bedroom Indianapolis home in this zip code is $202,750 (18.9% less than this home).

This home is priced at $102/sqft, which is 25.7% less than similar homes in the 46205 zip code.

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School Information

  • School District:Indianapolis Public Schools

Financial

  • Approx Payment:$1,242*
  • Semi Annual Taxes:$1,136

Area Stats

These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (317) 339-3315 and speak with one of our real estate consultants.

Popular Homes

City
Avg Price
Median Price
Available
Distressed
Reduced
Avg DOM
Broad Ripple
$418,919
$365,900
31
0.0%
22.6%
31

Butler Tarkington
$366,544
$352,500
16
0.0%
31.2%
150

Downtown Indianapolis
$332,228
$244,999
47
0.0%
63.8%
210

Fountain Square
$334,278
$294,950
28
0.0%
42.9%
84

Irvington
$259,953
$219,950
88
0.0%
42.0%
80

Meridian Kessler
$638,774
$459,900
31
0.0%
38.7%
63

Listing Courtesy of Fathom Realty. For information or to schedule a viewing of this property (MLS# 22035501), call: 317-339-3315

551 E 40Th St, Indianapolis IN is a single family home of 2448 sqft and is currently priced at $250,000 . This single family home has 2 bedrooms. A comparable home for sale at 5140 Indianola Ave in Indianapolis is listed at $239,900. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Indianapolis, IN. Jose Balz Fall Creek, Monteo Village and Fennemans are nearby neighborhoods. MLS 22035501 has been posted on this site since 4/29/2025 (today).

2025

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