104 E 38th Street

Indianapolis, IN
$ 299,000 Beds 5 Baths 2 Sq 2,538
Monthly Estimate* How much can I afford?

Endless potential meets prime location with this rare 5-bedroom ranch in the heart of Indianapolis. Previously utilized as a daycare, this property offers flexibility unlike anything else on the market-residential, commercial, or investment, the choice is yours. Step inside to find a spacious, single-level layout designed for versatility. Hard surface floors flow throughout the home, making it durable, functional, and easy to maintain. A spacious kitchen with dining area, living room, and five bedrooms provide endless options for creating the lifestyle or business you envision. Outside, the fenced front yard adds charm, while the corner lot maximizes visibility and convenience. No garage? No problem. The private parking lot ensures plenty of space for residents, guests, or clients. But what truly sets this property apart is its unbeatable location. Just steps from Tarkington Park, Tea's Me Community Cafe, and the iconic Melody Inn, and minutes from the Indiana State Fairgrounds and Downtown Indy, this is a neighborhood bursting with culture, convenience, and community. Whether it's families, professionals, or small business opportunities, this area thrives with possibility. With usage flexibility, prime exposure, and a floor plan that adapts to your vision, this is more than a property-it's a chance to create your future. Opportunities like this don't wait. Schedule your showing today and see firsthand how this home can become the foundation of your next chapter. Property was previously a day care and is now vacant.

Active

  • Price
  • $ 299,000
  • City
  • Indianapolis
  • Bedrooms
  • 5
  • Full Bathrooms
  • 1
  • County
  • MARION
  • Half Bathrooms
  • 2
  • Area
  • Washington
  • Lot Size
  • 0.3 Acres
  • Zip
  • 46205
  • Sqr Footage
  • 2,538
  • Year Built
  • 1910
  • Taxes
  • $ 4086
  • Style
  • Ranch,Traditional
  • MLS#
  • 22057303
Listed By: Eric Forney with Keller Williams Indy Metro Partners;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Forced Air,Natural Gas
Cooling Central Air
Possession Negotiable
Appliances None,Gas Water Heater
Patio/Porch Features Covered
Architectural Style Ranch,Traditional
Construction Materials Stucco
Year Built 1910
Township Washington
Levels One
Property Subtype Single Family Residence
Tax Year 2024
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Brodleigh
Facing Direction South
Garage Y/N No
Total Rooms 9
Full Baths 1
Status Active
Directions On the NE corner of N Pennsylvania St. and 38th.
High School Shortridge High School
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 12978
Property Attached Y/N No
Current Financing Cash Only
Additional Parcels Y/N No
Standard Status Active
Tax Lot 41-42
Legal Description Brodleigh Pt Of Lots 41 & 42 Beg Ne Cor L41; S103'w114.61' Nw19.19' N90.66' E126' To Beg

Interior Features

Interior Amenities Attic Access
Basement Unfinished
Basement (Y/N) Yes
Half Baths 2
Total Bedrooms 5
Main Level Bedrooms 5
LivingAreaSource Assessor
Total Baths 3

Exterior Features

Fencing Front Yard
Parking Features Common
Lot Features Busline,Corner Lot,Curbs,Not In Subdivision,Sidewalks,Street Lights
Water Source Public
Foundation Details Block,Crawl Space
Spa No
Building Area Total 2538
Lot Size Acres 0.3
Waterfront Y/N No
Other Equipment Smoke Alarm
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Columbus, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Shortridge High School

Price History

8/21/2025 Listed $375,000
9/23/2025 4% - $360,000
11/17/2025 3% - $349,900
1/15/2026 9% - $319,000
8/7/2026 7% - $299,000

Property vs Zip Code Average in 46205

Price
AVG $350K
$300K
Taxes
AVG $3,914
$4,086
Year Built
AVG 1938
1910
Visits
AVG 74
407
Data Provided by Inside Real Estate®

104 E 38th Street Indianapolis, IN is a Single Family Home for sale at $299000 with 2538 sqft and a lot size of 0.3 Acres Acre(s). 104 E 38th Street Indianapolis has 5 bedrooms, 1 baths and was built in 1910. The property's zip code is 46205 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.