506 E 38th St, Indianapolis, IN 46205 Property Records

Marion County property record for 506 E 38th St, Indianapolis, IN 46205

Property Summary

Property Type	Apartments (5+ Units)
Details	5,238 sqft · built 1999
Lot Size	0.409 acres (17,816 sqft)
Owner	Company Name on Record
Tax Bill	$14,152 (2025)
Deeds & Mortgages	Jan 2026 Sale Apr 2023 Sale + 1 more
Flood Zone	Zone X (minimal risk)
APN	`49-06-13-125-138.000-801`

Property Details

APN / Parcel Number

Primary APN	`49-06-13-125-138.000-801`
Alternative APN	`8017961`

Interior

Units	18 Units
Stories	3 Stories
Building Area	5,238 sqft Total Area
1st Floor Area	2,619 sqft

Exterior

Year Built	Built 1999
Effective Year Built	Effective 1999
Exterior Material	Brick
Construction Type	Brick
Lot Area	17,816 sqft (0.409 acres)

Location & Zoning

Street Address	506 E 38TH ST
City	INDIANAPOLIS
State	IN
Zip	46205-2693
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Local Zoning Code	ZO01
Legal Description	ARDMORE 15 FT N SIDE L1 L2 & L3
Legal Subdivision	ARDMORE 15 FT N SIDE
Legal Lot Number	1,2,3
Jurisdiction	MARION IN
Township / Civil Division	WASHINGTON
Census Block Group	2
Census Block	2009
Census Tract	322100

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic District	Within the Watson Park Historic District listed 2012 · 406 contributing resources · NRIS 12000336

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

Source: Marion County records, as of October 13, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	604 E 38TH ST, INDIANAPOLIS, IN 46205-2798
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Jan 30, 2026	Special Warranty Deed, Transfer
Apr 28, 2023	Warranty Deed, Transfer
Mar 5, 2018	Quit Claim Deed, Mortgage · Line of Credit LAKE FOREST BK&TR

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 30, 2026
Deed Sale	Jan 30, 2026
Prior Sale	Apr 28, 2023 · Amount on Record
Deed Document Number	20268075
Prior Transfer Date	Nov 23, 2010
Prior Transfer Doc	0000133430
Record Updated	Oct 29, 2026

January 2026: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	MARION IN
Recording Date	Jan 30, 2026
Property Address	506 E 38TH ST, INDIANAPOLIS, IN 46205-2693
Document Number	0000008075
Map Reference	PB 10 PG 115
Instrument Date	Jan 28, 2026
Instrument	A202600008075
Transaction Type	Transfer
Record Updated	Apr 8, 2026

Transaction

Tax	$0.00
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	604 E 38TH ST, INDIANAPOLIS, IN 46205-2798

April 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARION IN
Recording Date	Apr 28, 2023
Property Address	506 E 38TH ST, INDIANAPOLIS, IN 46205-2693
Document Number	0000033321
Map Reference	PB 10 PG 115
Instrument Date	Apr 18, 2023
Instrument	A202300033321
Transaction Type	Transfer
Record Updated	Jan 29, 2024

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	350 MASSACHUSETTS AVE STE 300, 300, INDIANAPOLIS, IN 46204-2271

March 2018: Quit Claim Deed, Mortgage

Document Type	Quit Claim Deed
Jurisdiction	MARION IN
Recording Date	Mar 5, 2018
Property Address	506 E 38TH ST, INDIANAPOLIS, IN 46205-2693
Document Number	0000021405
Instrument Date	Mar 2, 2018
Instrument	21405
Transaction Type	Mortgage
Record Updated	Mar 30, 2018

Transaction

Tax	$0.00
Additional	Quitclaim Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	340 W SUPERIOR ST #308 CHICAGO IL 606546184, 308, CHICAGO, IL 60654-6184

Mortgage

Document Number	21406
Date	Mar 5, 2018
Instrument	21406

Lender

Name	LAKE FOREST BK&TR
Type	Bank
Address	727 N BANK LN, LAKE FOREST, IL 60045-1887

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Marion County assessment roll, as of March 16, 2026

Property Jurisdictions

Type	Name
State	Indiana
County	Marion County
County Subdivision	Washington Township
Consolidated City	Indianapolis City
Unified School District	Indianapolis Public Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$14,152.00 (+26.92%)	$662,200 (+40.86%) Land $47,200 Building $615,000	$662,200 (+40.86%) Land $47,200 Building $615,000
2023	$11,150.00 (+41.01%)	$470,100 (+40.37%) Land $47,200 Building $422,900	$470,100 (+40.37%) Land $47,200 Building $422,900
2022	$7,907.00	$334,900 Land $47,200 Building $287,700	$334,900 Land $47,200 Building $287,700

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective June 7, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITIZENS WATER - INDIANAPOLIS serves 880,345 people · EPA ID IN5249004
Water Source	Surface water
Last State Inspection	May 2024
Lead	3 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 633 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · DSL · Fixed Wireless in parts of the area	5,000 / 5,000
Spectrum Cable	1,000 / 1,000
Verizon Fixed Wireless	1,000 / 75

May also be available: T-Mobile, Xiber.

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