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CondominiumResidential

25 E 40TH ST

INDIANAPOLIS, IN 46205
200 ft²
Lot SizeThe size of the land the home sits on, from county records.
1968
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 196557 units893–2,430 ft²
$11M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$174K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$152
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-11.9%vs the Indianapolis ZIP median sale $/ft² ($173)

Sales Performance

$135K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
-40.2%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
1.8%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+8.6%per yeartypical hold 5.5 yrsfrom 19 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20102013201520182020202220242026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20102013201520182020202220242026

59 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$122K$192K$261K$331K893 ft²1,200 ft²1,508 ft²1,815 ft²2,123 ft²2,430 ft²
1 bd2 bd3 bd
1 bed
30 units
2 bed
26 units
3 bed
1 unit
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
2 bd · 1 ba · 1,448 ft²
18 units
1 bd · 0 ba · 942 ft²
16 units
1 bd · 0 ba · 982 ft²
8 units
1 bd · 0 ba · 932 ft²
4 units
2 bd · 2 ba · 1,448 ft²
2 units
One-off layouts
9 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$122K–$145K
15 units
$150K–$165K
13 units
$174K–$199K
9 units
$207K–$225K
9 units
$230K–$248K
6 units
$259K–$270K
4 units
$331K–$331K
1 unit

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.89%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.9%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.6.4 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.42%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.54%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$151,340
Median tax billThe middle annual property tax bill among the building's units.$2,534
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.1

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 6EJan 20, 2026$134,500Unit 1BSep 16, 2025$275,000Unit 4KJul 14, 2025$235,000Unit 3EMay 12, 2025$132,000Unit 6AMar 27, 2025$225,000Unit 3CNov 27, 2024$219,000Unit 2KMay 16, 2024$230,000Unit 2BMar 15, 2024$245,000Unit 7AMar 11, 2024$210,000Unit 2AJan 23, 2024$217,500

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,594 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$624,900 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$60,300
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$564,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$624,900
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$624,900

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
CountyMarion
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1985
ConstructionThe main material the home's frame and walls are built from.Brick
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Masonry
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(5)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(1)

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
James Whitcomb Riley School 43F
Elementary · Grades PK–5 · 0.3 mi
H
Shortridge High School
High · Grades 9–12 · 0.7 mi
M
KIPP Indy College Prep Middle SchoolF
Middle · Grades 6–8 · 1.8 mi

District: Indianapolis Public Schools

Neighborhood · ZIP 46205These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.119
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.101
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.38

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.28%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.14%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.5%
PopulationHow many people live in this area.28,148
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,340 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$75,510
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$94,995
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

25 E 40th St
3 bd · 4 ba · 3,927 ft²
$601K
25 E 40th St # 1a
2 bd · 1 ba · 1,446 ft²
$158K
25 E 40th St # 1b
2 bd · 1,746 ft²
$259K
25 E 40th St Apt 1j
2 bd · 1,203 ft²
$183K
25 E 40th St # 1k
2 bd · 1.5 ba · 1,583 ft²
$215K
25 E 40th St # 2a
2 bd · 1 ba · 1,448 ft²
$188K
25 E 40th St Apt 2b
2 bd · 1 ba · 1,448 ft²
$225K
25 E 40th St Apt 2c
1 bd · 942 ft²
$145K
25 E 40th St # 2d
1 bd · 982 ft²
$152K
25 E 40th St Apt 2e
1 bd · 942 ft²
$143K
25 E 40th St Apt 2f
1 bd · 932 ft²
$138K
25 E 40th St Apt 2g
1 bd · 942 ft²
$144K
25 E 40th St Apt 2h
1 bd · 982 ft²
$143K
25 E 40th St Apt 2j
2 bd · 1 ba · 1,448 ft²
$248K
25 E 40th St # 2k
2 bd · 2 ba · 1,448 ft²
$199K
25 E 40th St # 3a
2 bd · 1 ba · 1,448 ft²
$235K
25 E 40th St Apt 3b
2 bd · 1 ba · 1,448 ft²
$269K
25 E 40th St Apt 3c
1 bd · 942 ft²
$196K
25 E 40th St Apt 3d
1 bd · 982 ft²
$154K
25 E 40th St Apt 3e
1 bd · 942 ft²
$122K
25 E 40th St Apt 3f
1 bd · 932 ft²
$179K
25 E 40th St Apt 3g
1 bd · 942 ft²
$140K
25 E 40th St # 3h
1 bd · 982 ft²
$163K
25 E 40th St Apt 3j
2 bd · 1 ba · 1,448 ft²
$230K
25 E 40th St # 3k
2 bd · 1 ba · 1,448 ft²
$209K
25 E 40th St Apt 4a
2 bd · 1 ba · 1,448 ft²
$222K
25 E 40th St Apt 4b
2 bd · 1 ba · 1,448 ft²
$199K
25 E 40th St Apt 4c
1 bd · 942 ft²
$137K
25 E 40th St Apt 4d
1 bd · 982 ft²
$157K
25 E 40th St Apt 4e
1 bd · 942 ft²
$142K
25 E 40th St Apt 4f
1 bd · 932 ft²
$141K
25 E 40th St Apt 4g
1 bd · 942 ft²
$138K
25 E 40th St Apt 4h
1 bd · 982 ft²
$150K
25 E 40th St Apt 4j
2 bd · 1 ba · 1,448 ft²
$208K
25 E 40th St Apt 4k
2 bd · 2 ba · 1,448 ft²
$219K
25 E 40th St # 5a
2 bd · 1 ba · 1,448 ft²
$162K
25 E 40th St Apt 5b
2 bd · 1 ba · 1,448 ft²
$243K
25 E 40th St Apt 5c
1 bd · 942 ft²
$135K
25 E 40th St Apt 5d
1 bd · 982 ft²
$156K
25 E 40th St Apt 5e
1 bd · 942 ft²
$141K
25 E 40th St Apt 5f
2 bd · 2 ba · 1,914 ft²
$267K
25 E 40th St Apt 5g
1 bd · 942 ft²
$150K
25 E 40th St Apt 5j
2 bd · 1 ba · 1,448 ft²
$180K
25 E 40th St Apt 5k
2 bd · 1 ba · 1,448 ft²
$157K
25 E 40th St Apt 6a
2 bd · 1 ba · 1,448 ft²
$207K
25 E 40th St # 6b
2 bd · 1 ba · 1,448 ft²
$234K
25 E 40th St Apt 6c
1 bd · 942 ft²
$151K
25 E 40th St Apt 6d
1 bd · 982 ft²
$154K
25 E 40th St # 6e
1 bd · 942 ft²
$129K
25 E 40th St # 6f/H
2 bd · 1.5 ba · 1,914 ft²
$216K
25 E 40th St Apt 6g
2 bd · 3 ba · 2,390 ft²
$331K
25 E 40th St Apt 6k
2 bd · 1 ba · 1,448 ft²
$248K
25 E 40th St Apt 7a
2 bd · 1 ba · 1,448 ft²
$224K
25 E 40th St Apt 7b
3 bd · 3 ba · 2,430 ft²
$270K
25 E 40th St # 7c
1 bd · 942 ft²
$175K
25 E 40th St Apt 7e
1 bd · 942 ft²
$145K
25 E 40th St Apt 7f
1 bd · 932 ft²
$174K
25 E 40th St # 7g
1 bd · 939 ft²
$165K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 25 E 40th St

How many units are in 25 E 40th St, Indianapolis, IN?

25 E 40th St, Indianapolis, IN has 57 residential units across built in 1965, according to county assessor records.

What is a unit at 25 E 40th St, Indianapolis, IN worth?

The median TopHap Estimate across the 57 units at 25 E 40th St, Indianapolis, IN is $174,409. That works out to $152 per square foot. Units run from 893 to 2,430 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 25 E 40th St, Indianapolis, IN expensive for Indianapolis?

Units at 25 E 40th St, Indianapolis, IN carry a median of $152 per square foot, 12% below the Indianapolis median of $173 per square foot.

How often do units sell at 25 E 40th St, Indianapolis, IN?

1 units at 25 E 40th St, Indianapolis, IN sold in the last 12 months, out of 59 recorded arms-length sales all time. That is a turnover rate of 1.8% of the building per year. The median sale over that period was $135K.

Have units at 25 E 40th St, Indianapolis, IN appreciated?

Across 19 repeat sales of the same unit, 25 E 40th St, Indianapolis, IN returned a median 8.6% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 5.5 years.

What floor plans does 25 E 40th St, Indianapolis, IN have?

The most common plan at 25 E 40th St, Indianapolis, IN is a 2-bedroom of 1,448 square feet, repeated 18 times, with a median estimate of $222,659. TopHap identifies 5 recurring plans in the building.

More homes on E 40th St

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Assigned schools

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