Skip to content
Skip to content
TopHapOpen in map
Multi-Family Dwellings (Generic, Any Combination)Residential
Last sold for $575,000 on Aug 21, 2025

40 W 56TH ST

INDIANAPOLIS, IN 46208
2
Beds
0
Baths
896 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.27 ac
Lot SizeThe size of the land the home sits on, from county records.
1938
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$575,000 · Aug 21, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,031 (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.$296,300 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$41,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$254,400
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$296,300
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$296,300

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.60 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.0.2 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Multi-Family Dwellings (Generic, Any Combination)
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.1954
Lot (acres)The size of the land the home sits on, from county records.0.27
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.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(4)

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

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

E
Joseph J. Bingham School 84A+
Elementary · Grades KG–5 · 0.5 mi
M
Broad Ripple Middle SchoolD-
Middle · Grades 6–8 · 1.5 mi
H
Purdue Polytechnic High School Broad Ripple
High · Grades 9–12 · 1.5 mi

District: Indianapolis Public Schools

Neighborhood · ZIP 46208These 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.114
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.102
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.39

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.85%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.20%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.18%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.23,830
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,592 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$64,206
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$86,898
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%

Owner Tools

Do you own this home?
Claim this home

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

How this home compares

40 W 56th St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Smaller than 93% of homes in Butler-Tarkington / Rocky Ripple
  • Has a bigger lot than 90% of homes in Indianapolis 46208
  • Older than 78% of homes in Marion County

How it measures up in Indianapolis 46208

The dot is this home. The mark in the middle is the typical home in Indianapolis 46208.

Living area896 ft²
SmallerTypical 1,422 ft²Bigger

Bigger than 13% of homes nearby

Lot size0.27 ac
SmallerTypical 0.13 acBigger

Bigger than 90% of homes nearby

Year built1938
OlderTypical 1927Newer

Newer than 67% of homes nearby

How 40 W 56th St ranks against every home in each area.
MeasureThis homeButler-Tarkington / Rocky RippleIndianapolis 46208Marion County
Living areabigger than896 ft²7% of homes13% of homes9% of homes
Lot sizebigger than0.27 ac85% of homes90% of homes68% of homes
Year builtnewer than193863% of homes67% of homes22% of homes

About 40 W 56th St

When did 40 W 56th St, Indianapolis, IN last sell?

40 W 56th St, Indianapolis, IN last sold on Aug 21, 2025 for $575,000, according to the county's recorded deed.

How big is 40 W 56th St, Indianapolis, IN?

40 W 56th St, Indianapolis, IN has 2 bedrooms, 896 square feet of living space and a 0.27-acre lot.

When was 40 W 56th St, Indianapolis, IN built?

40 W 56th St, Indianapolis, IN was built in 1938, making it 88 years old. The building has 1 story.

What schools serve 40 W 56th St, Indianapolis, IN?

40 W 56th St, Indianapolis, IN is assigned to Joseph J. Bingham School 84 (elementary), rated A+; Broad Ripple Middle School (middle), rated D-; Purdue Polytechnic High School Broad Ripple (high). All sit in Indianapolis Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 40 W 56th St, Indianapolis, IN compare to other homes in Indianapolis 46208?

Among the 8,913 homes in Indianapolis 46208, it is bigger than 13% of them (896 ft² against a typical 1,422 ft²), its lot is bigger than 90% of them (0.27 ac against a typical 0.13 ac) and it is newer than 67% of them (1938 against a typical 1927). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 40 W 56th St, Indianapolis, IN?

The 2024 property tax bill for 40 W 56th St, Indianapolis, IN was $7,031. The county assessed it at $296,300.

More homes on W 56th St

Closest homes

More homes in Indianapolis 46208

Assigned schools

Explore the area

See this home in context

Open 40 W 56th St on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map