3201 East 38th Street

Off Market

3201 East 38th Street

Indianapolis IN 46218

10585 sq. ft.

Duplex

Last sold for $120,000

Joe Everhart, last sold this property on 22 April 2026 after 140 days on market.

Overview

Cash generating property! This is a four unit building. Apt #1 pays $500 per month. Apt #2 pays $500 per month. Apt#3 pays $750 per month. Apt #4 pays $500 per month! That is $2,250 per month. These are month to month leases. Seller pays utilities (electric, gas, water, sewer..) which averages out to $350-450 per month. Add this one to your portfolio! Cash only. Showings with an accepted offer. Buyer will then have a negotiated due diligence period to view property once offer has been accepted - investors only - no regular inspections - you can bring contractors through during your due diligence period. This is a working rental. Property across the street at 3758 Lasalle also for sale.

Features

10585 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 3201 East 38th Street is $146.5k.

Median value

$146.5k

Estimated value range

$50k - $415k

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 3201 East 38th Street

2026

Sold

$120,000

22 Apr 2026 by Joe Everhart, of Everhart Studio, Ltd.

Happy sellers in Indianapolis

93%

93% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 34 duplexes similar to 3201 East 38th Street, have been sold.

This represents a 19% increase in duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Indianapolis for a market analysis.

Ilanit Gat

at F.C. Tucker Company

(31 reviews)

Get a market analysis

Jocelyn Young

at BLK Key Realty

(21 reviews)

Get a market analysis

Andres Rodriguez

at Rodriguez Real Estate Group

(7 reviews)

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Kala Majors

at KELLER WILLIAMS LEGACY REALTY

(38 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Indianapolis

Ilanit Gat

Sellers who recommend Ilanit Gat have praised them for being local expert

5 (31 reviews)
5 Reviews in Indianapolis
8 Sales in Indianapolis

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Jocelyn Young

Jocelyn Young is an award winning recommended agent for Indianapolis. They have 3 local sales and collected 4 local reviews across the last 12 months.