Sheldon Barnes
For Sale — 502 W 38th Street, Indianapolis, IN 46208502 W 38th Street
Indianapolis, Indiana 46208
Columbia Place
$180,000
Schedule a Showing3
Beds
4
Baths
4,040
Sq Ft
1950
Year Built
0.18
Acres
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Sheldon Barnes can help you tour 502 W 38th Street
Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 502 W 38th Street in Columbia Place, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
This property has a wonderful floor plan that can accommodate a wide range of buyers, i.e. multi-generational, someone looking for a spacious residence close to downtown or investors. The basement has a separate entrance and this space could be used as an apartment, in-laws quarters, a college kids retreat or a large home office. The main level has 2 bedrooms, a formal living with a wood burning fireplace, dining room, kitchen, breakfast room and 1.5 bathrooms. The primary bedroom and bathroom is located on the upper level allowing for complete privacy. The property is located on the bus line and is less than a 10 minute drive to 4 college campuses... 3 minutes to Butler University; 5 minutes to Marion College and 9 minutes to the Indiana University/ Purdue University Indianapolis. This home over 4400 square ft of living space and requires a buyer with a great imagination, the financial means and patience.
Key things to know
- Basement with separate entrance for rental or in-law quarters
- Primary suite on upper level for privacy
- Wood burning fireplace in formal living room
- Hardwood floors throughout
- Less than 10 minutes to Butler, Marion, and IUPUI
Monthly payment
Estimate · $180,000
$1,276/mo
≈ $958 principal & interest · $318 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $36,000 on a loan of $144,000.
Price history
- Listedat $180,000
Feb 2, 2026
Columbia Place · activity
past 6 months
- Sold
- 3
- Median price
- $230,000
- Median DOM
- 30 days
Recent comparable sales
$630,000
5101 Graceland Avenue
3bd · 3ba · 3,313 sqft
Sold May 2026
$235,000
425 W 41st Street
4bd · 3ba · 3,860 sqft
Sold May 2026
$1,105,000
4136 N Meridian Street
4bd · 5ba · 4,545 sqft
Sold May 2026
$585,000
5310 N Kenwood Avenue
4bd · 2ba · 3,105 sqft
Sold May 2026
$715,000
4123 N Capitol Avenue
4bd · 4ba · 3,808 sqft
Sold Mar 2026
Comparative value
5 comps in this range
This home is 71% below median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$180,000Listed· Feb 2, 2026
54 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Sinks Double,Tub Full with Shower
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis4.0 mi
- Monon Trail (Carmel)9.6 mi
- Carmel Central Park9.7 mi
- Carmel High School10.2 mi
- Zionsville Community HS10.4 mi
- IU Health North Hospital10.8 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
4,040 sq ft
Year Built
1950
Stories
One and One Half
Subdivision
Columbia Place
Bedrooms
3
Bathrooms
2 full, 2 half
Garage
1 spaces
School District
Indianapolis Public Schools