3201 E 38th St

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Baths
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Sq. Ft.
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per Sq. Ft.

Description

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 -...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 for $149k.
  1. Listed by Joe Everhart • Everhart Studio, Ltd.
  2. Listed by Quinn Demaree

Property Details for 3201 East 38th Street

Subdivision Name
Glencroft
Township
Center
LISTING UPDATED: 12/04/2025 05:33 PM

Property Details for 3201 East 38th Street

StatusActive
MLS #22075510
Days on Market82
Taxes$1,221 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1925
Lot Size0.24 AC / 10,454 SF
CountyMarion County

Location

Listing Courtesy of Everhart Studio, Ltd.
Add your commute

Building Information for 3201 East 38th Street

Stories-Residences4Year Built1925Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$930 per month

30 year fixed, 6.15% Interest

Principal and Interest

$726

Property Taxes

$204

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3201 East 38th Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46218
  • Postal Code Plus4: 1394
  • Road Access: Access Rd
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490720111008000101
  • Semi Annual Property Tax Amt: 1221
  • Tax Year: 2024
  • TaxLot: 4
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 10585.0
  • Lot Size Acres: 0.24
  • New Construction: False
  • Year Built Numeric: 1925
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • DPRYN: Yes
  • Legal Subdivision: Glencroft L4
  • Photos Count: 2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 4
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas
  • Unit Type Type: Efficiency
Unit 2
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas
  • Unit Type Type: Efficiency
Unit 3
  • Unit Kitchen: 100
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas
  • Unit Type Type: 1 Bedroom
Unit 4
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas
  • Unit Type Type: 1 Bedroom

Property History for 3201 East 38th Street

DateEvent & SourcePriceAppreciation
Dec 2, 2025

Listed (Active)

MIBORMLS #22075510

$149,000—
Apr 10, 2013

Expired

MIBORMLS #21171807

—
Apr 16, 2012

Listed (Active)

MIBORMLS #21171807

$89,900—
Jun 9, 2011

Expired

MIBORMLS #2957806

—
Nov 25, 2009

Listed (Active)

MIBORMLS #2957806

$69,900—
Jun 1, 2009

Expired

MIBORMLS #2866132

—
Dec 1, 2008

Listed (Active)

MIBORMLS #2866132

$89,900—
Jul 16, 2006

Expired

MIBORMLS #2603802

—
Jan 16, 2006

Listed (Active)

MIBORMLS #2603802

$79,900—
May 1, 2003

Expired

MIBORMLS #2139111

—
Jul 31, 2001

Listed (Active)

MIBORMLS #2139111

$79,900—
Aug 24, 2000

Sold

MIBORMLS #2028520

$43,900—
Jul 30, 2000

Pending

MIBORMLS #2028520

—
Jul 20, 2000

Listed (Active)

MIBORMLS #2028520

$44,900—
DateEvent & SourcePrice
12/02/2025

Listed (Active)

MIBORMLS #22075510

$149,000
04/10/2013

Expired

MIBORMLS #21171807

—
04/16/2012

Listed (Active)

MIBORMLS #21171807

$89,900
06/09/2011

Expired

MIBORMLS #2957806

—
11/25/2009

Listed (Active)

MIBORMLS #2957806

$69,900
06/01/2009

Expired

MIBORMLS #2866132

—
12/01/2008

Listed (Active)

MIBORMLS #2866132

$89,900
07/16/2006

Expired

MIBORMLS #2603802

—
01/16/2006

Listed (Active)

MIBORMLS #2603802

$79,900
05/01/2003

Expired

MIBORMLS #2139111

—
07/31/2001

Listed (Active)

MIBORMLS #2139111

$79,900
08/24/2000

Sold

MIBORMLS #2028520

$43,900
07/30/2000

Pending

MIBORMLS #2028520

—
07/20/2000

Listed (Active)

MIBORMLS #2028520

$44,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3201 East 38th Street

Taxable ValueLand$4,900Additions$98,000Total$102,900
Tax Record2024$2,442 ($203 / month)
Home Facts
Beds2Total Finished SqFt1,784 SqFtAbove Grade Finished SqFt1,784 SqFtStories1Lot Size10,585 SqFtStyleSingle Family ResidenceYear Built1925Year Renovated1968ZoningZO01CountyMARIONAPN49-07-20-111-008.000-101

Schools near 3201 East 38th Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - PK to 6
Rating
School
Distance
Thomas D. Gregg School 15
PublicPK to 6

Anna Brochhausen School 88
PublicPK to 6

Brookside School 54
PublicPK to 6

James Russell Lowell School 51
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3201 East 38th Street is a multi-family home for sale in Indianapolis, IN 46218. This property was listed for sale on December 2, 2025 by Everhart Studio, Ltd., it's currently listed at $149,000. It has been on the market for a total of 82 days and was last sold on August 24, 2000. This listing's school district is Indianapolis Public Schools. Nearby schools include Thomas D. Gregg School 15, Anna Brochhausen School 88 and Brookside School 54. 3201 East 38th Street is a 0-bed, 0-bath, multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Everhart Studio, Ltd.

Based on information submitted to the MLS GRID as of 12/04/2025 05:33 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.