5702 E 40th St, Indianapolis, IN, 46226
About This Home
Motivated seller offering a great investment opportunity on Indy's Eastside. This 4-bedroom, 1.5 bath stone ranch delivers over 2,000 sq ft of livable space, including a partially finished basement. The home has solid bones, working mechanicals, and plenty of upside for buyers looking to add value. With some cosmetic updates and minor improvements, there's clear potential for instant equity. Positioned on a corner lot with a fully fenced backyard, this property is ideal for investors, flippers, or buyers seeking a valueadd project. Seller is ready to make a deal.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1951
Materials
- Foundation: Block
- Construction materials: Stone
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: None,Refrigerator
Basement
- Has basement: Yes
- Basement: Partially Finished
Bedroom2
- Level: Main
- Area: 144
- Dimensions: 12x12
Bedroom3
- Level: Main
- Area: 144
- Dimensions: 12x12
Bedroom4
- Level: Main
- Area: 169
- Dimensions: 13x13
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 4
Features
- Eat-in Kitchen
- Finished area below ground: 680
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,898
- Total interior livable area: 2,898 sqft
Living Room
- Level: Main
- Area: 240
- Dimensions: 20x12
Master Bedroom
- Level: Main
- Area: 168
- Dimensions: 14x12
Property
Details
- Parcel number: 490715116010000401
- Special condition: As Is
- Horse amenities: None
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 0.25 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Lightning
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $833 | $9,996 |
| Home Insurance * | $168 | $2,016 |
| Property Taxes | $114 | $1,368 |
| Electricity | $265 | $3,187 |
| Total | $1,380 | $16,560 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-01 | Price change | $164,900 |
| 2026-07-11 | Price change | $169,900 |
| 2026-07-01 | Price change | $179,900 |
| 2026-06-21 | Price change | $184,900 |
| 2026-06-13 | Listed for sale | $189,900 |
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