RENTED OCT 14, 2025

5541 E 40th St Indianapolis, IN 46226

Devington Neighborhood

Estimated Value: $157,000 - $174,000

2 Beds
1 Bath
1,440 Sq Ft
$115/Sq Ft Est. Value

Highlights

  • Traditional Architecture
  • Corner Lot
  • Eat-In Kitchen
  • Wood Flooring
  • No HOA
  • 1-Story Property

About This Home

As of October 2025

Check out this inviting 2 bed, 1 full bath duplex located in Indianapolis! This home features a gas stove, refrigerator, microwave, dishwasher, and convenient washer/dryer hookups. Enjoy a spacious front yard and off-street parking-perfect for easy living and entertaining!

Last Agent to Rent the Property

Evona Watson

Triple E Realty, LLC License #RB14038857 Listed on: 03/21/2025

Co-Listed By

Nathan Schroth

Triple E Realty, LLC License #RB20000679

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1957

Lot Details

  • 8,320 Sq Ft Lot
  • Corner Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Floro Torrence School 83 Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Puritan Realty Subdivision
  • Property managed by Triple E Property Management

Listing and Financial Details

  • Security Deposit $1,050
  • Property Available on 6/15/25
  • Tenant pays for all utilities
  • The owner pays for no utilities
  • 12-Month Minimum Lease Term
  • $50 Application Fee
  • Tax Lot 42/42
  • Assessor Parcel Number 490715123097000401

Home Details

Home Type

Single Family

Year Built

Built in 1957

Lot Details

8,320 Sq Ft Lot

Rental Info

  • Available Date: 2025-06-15
  • Lease Amount: 1050
  • Lease Term: 12 Months
  • Tenant Pays: All Utilities
  • Min Lease Req: 12
  • Pet Deposit: 200
  • Security Deposit: 1050
  • Application Fee: 50
  • Pet Rental Amount: 25
  • Application Website: 3epropertymgt.com/Contact_Us.aspx

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Type: Residential Lease
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1957
  • Building Area Total: 1440
  • Co List Office Phone: 317-210-3637
  • Garage Y N: No
  • Lot Size Acres: 0.19
  • Subdivision Name: Puritan Realty
  • Transaction Type: Lease
  • Accessibility Features YN: No
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Gas Water Heater, Gas Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, Eat-in Kitchen
  • Living Area: 1440
  • Other Equipment: Smoke Alarm
  • Owner Pays: No Utilities
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1440
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Brick

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: In Unit
  • Water Source: Public
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No
  • Pets Allowed: W/Approval
  • Property Management Company: Triple E Property Management
  • Property Management Company Contact: Jayson
  • Property Management Company Phone: 317-993-2963

Lot Info

  • Lot Features: Corner Lot
  • Property Attached Yn: Yes
  • Horse Amenities: None
  • Lot Size Sq Ft: 8320
  • Parcel Number: 490715123097000401
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 3678
  • Tax Lot: 42/42
  • Semi Annual Property Tax Amt: 1839

MLS Schools

  • Elementary School: Floro Torrence School 83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2007
Sold by
Tyack Bryan G
Bought by
Shan Elizabeth
Current Estimated Value
$166,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Outstanding Balance
$46,027
Interest Rate
6.18%
Mortgage Type
Unknown
Estimated Equity
$120,092

Purchase Details

Closed on
Oct 13, 2006
Sold by
Lee Emil M and Lee Roberta S
Bought by
Tyack Bryan G
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shan Elizabeth -- None Available
Tyack Bryan G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shan Elizabeth $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2025 10/14/25 Rented $1,050 0.0% --
10/09/2025 10/09/25 Under Contract -- -- --
03/21/2025 03/21/25 For Rent $1,050 +35.5% --
11/15/2022 11/15/22 Rented $775 0.0% --
11/02/2022 11/02/22 Under Contract -- -- --
09/22/2022 09/22/22 For Rent $775 +19.2% --
11/02/2018 11/02/18 Rented $650 0.0% --
10/22/2018 10/22/18 Under Contract -- -- --
10/11/2018 10/11/18 For Rent $650 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,802 $181,000 $8,600 $172,400
2023 $3,802 $155,800 $8,600 $147,200
2022 $3,782 $155,800 $8,600 $147,200
2021 $3,001 $125,700 $8,600 $117,100
2020 $2,941 $122,700 $5,600 $117,100
2019 $2,993 $122,700 $5,600 $117,100
2018 $3,017 $122,700 $5,600 $117,100
2017 $2,750 $125,200 $5,600 $119,600
2016 $2,612 $121,400 $5,600 $115,800
2014 $2,540 $117,500 $5,600 $111,900
2013 $2,443 $117,500 $5,600 $111,900
Source: Public Records

Agents Affiliated with this Home

  • Evona Watson

    Landlord's Agent in 2025

    Evona Watson

    Triple E Realty, LLC

    (317) 281-9280

    5 in this area

    124 Total Sales

    Evona Watson
    Section Image
  • Nathan Schroth

    Landlord's Co-Listing Agent in 2025

    Nathan Schroth

    Triple E Realty, LLC

    (317) 500-4759

    3 Total Sales

    Nathan Schroth
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jayson Velasquez

    Triple E Realty

    Section Image

  • A

    Buyer's Agent in 2018

    Andrea Morrow

    Triple E Realty

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22028411

MIBOR Broker Listing Cooperative®

APN: 49-07-15-123-097.000-401

Indiana Marion County Indianapolis 46226 Devington

5541 E 40th St, Indianapolis, IN

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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