Google street view image for 3937 N Raceway Rd, Indianapolis, IN 46234

OFF MARKET

$177,279

•

2 ba

•

720

sq ft

3937 N Raceway Rd, Indianapolis, IN 46234

About this home

3937 N Raceway Rd is a 720 square foot multi-family home on a 0.47 acre lot with 2 bedrooms and 2 bathrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $177,279.

Multi-familyProperty Type

1977Year Built

0.47 acresLot Size

$246Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$177,279

$2,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 37.8% lower than the average sale price ($285K) of 6 comparable homes.

SOLD JUL 2, 2026
$270,000
A
3 beds2 baths1,527 sq ft
9565 Edgewater Ct, Brownsburg, IN 46112
SOLD APR 14, 2026
$260,000
B
3 beds2 baths1,369 sq ft
9170 E County Road 300 N, Brownsburg, IN 46112
SOLD JAN 30, 2026
$278,000
C
3 beds2 baths1,326 sq ft
9458 Dawn Dr, Brownsburg, IN 46112
SOLD APR 29, 2026
$357,000
D
3 beds2 baths1,876 sq ft
3045 N County Road 950 E, Brownsburg, IN 46112
SOLD NOV 4, 2025
$315,000
E
3 beds2 baths1,520 sq ft
3085 N County Road 950 E, Brownsburg, IN 46112
SOLD APR 1, 2026
$230,000
F
3 beds2 baths1,424 sq ft
1617 N Raceway Rd, Indianapolis, IN 46234

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 46234, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.4%

+0.2% MoM

Median sale price

$305K

$15K MoM

Avg. days on market

10d

2 days MoM

Recently sold homes

102

10 MoM

New listings for sale

FOR SALE BY OWNER
$30,000
3 beds2 baths924 sq ft
2246 Oxford Dr, Indianapolis, IN 46234
$265,000
2 beds2 baths1,435 sq ft
10830 Pine Valley Path, Indianapolis, IN 46234
$364,900
3 beds2 baths1,824 sq ft
2536 Tansel Rd, Indianapolis, IN 46234
3D WALKTHROUGH
$329,500
4 beds2.5 baths2,238 sq ft
523 Verwood Ct, Indianapolis, IN 46234
$245,000
3 beds2 baths1,600 sq ft
1302 Butternut Ln, Indianapolis, IN 46234
$235,000
3 beds2 baths1,066 sq ft
8559 Country Club Blvd, Indianapolis, IN 46234
$414,900
4 beds4 baths3,686 sq ft
5854 Skyward Ln, Indianapolis, IN 46234
$290,000
4 beds2.5 baths2,288 sq ft
8540 Chapel Gln, Indianapolis, IN 46234
LISTED BY REDFIN
$525,000
3 beds2.5 baths2,666 sq ft
10767 Shiloh Wood Ct, Indianapolis, IN 46234
$330,000
4 beds2.5 baths2,502 sq ft
535 Montrose Ct, Indianapolis, IN 46234
See all

Provided by Redfin

Sale history for 3937 N Raceway Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$3,575 (−4.3%)

$16,900 + $135,500

$152,400

2024

$3,734 (+11.5%)

$16,900 + $141,800

$158,700

2023

$3,350 (−5.2%)

$16,900 + $141,800

$158,700

2022

$3,532 (+15.2%)

$16,900 + $141,800

$158,700

2021

$3,066 (+4.7%)

$15,200 + $132,900

$148,100

2020

$2,929 (+2.9%)

$15,200 + $132,900

$148,100

2019

$2,845 (+4.0%)

$15,200 + $126,200

$141,400

2018

$2,736 (−1.0%)

$15,200 + $122,200

$137,400

2017

$2,764 (+7.5%)

$15,200 + $118,500

$133,700

2016

$2,572 (+3.5%)

$15,200 + $118,500

$133,700

2015

$2,485 (+3.3%)

$15,200 + $109,100

$124,300

2014

$2,406 (−0.9%)

$15,200 + $109,100

$124,300

2013

$2,429

$15,200 + $105,100

$120,300

Tax history for 3937 N Raceway Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,575 (−4.3%)

$16,900 + $135,500

$152,400

2024

$3,734 (+11.5%)

$16,900 + $141,800

$158,700

2023

$3,350 (−5.2%)

$16,900 + $141,800

$158,700

2022

$3,532 (+15.2%)

$16,900 + $141,800

$158,700

2021

$3,066 (+4.7%)

$15,200 + $132,900

$148,100

2020

$2,929 (+2.9%)

$15,200 + $132,900

$148,100

2019

$2,845 (+4.0%)

$15,200 + $126,200

$141,400

2018

$2,736 (−1.0%)

$15,200 + $122,200

$137,400

2017

$2,764 (+7.5%)

$15,200 + $118,500

$133,700

2016

$2,572 (+3.5%)

$15,200 + $118,500

$133,700

2015

$2,485 (+3.3%)

$15,200 + $109,100

$124,300

2014

$2,406 (−0.9%)

$15,200 + $109,100

$124,300

2013

$2,429

$15,200 + $105,100

$120,300

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

AIRSPACE SECONDARY ZONING DISTRICT

METRO

Dwelling District Five

The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.

Zone overlays

Airspace Secondary Zoning District
Metro Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space

Property details

Interior

Basement Information
Basement Sq. Ft: 720
Basement Type: Full

Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 2
# of Bathroom Fixtures: 14

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air

Fireplace Information
Fireplace Type: Masonry
Has Fireplace

Room Information
# of Rooms: 4

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Masonry
Building Type: Row Type

Property Information
Living Sq. Ft: 720
Adjusted Gross Sq. Ft: 1,440
Ground Floor Sq. Ft: 720
Building Sq. Ft: 1,440
# of Stories: 1
Legal Description: PT SW1/4 SW1/4 BEG 898' N & 50' E OFSW COR E210.67' NW151.82 SW152.51 S54.30 TO BEG

Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Basement Garage
Garage/Parking Sq. Ft: 450
Garage / Carport Type: Basement

Lot Information
# of Buildings: 1
Land Sq. Ft: 20,430
Municipality Name: PIKE,OUTSIDE
Acres: 0.469
County Use Description: 2 FAM DWLG ON UNPLAT 0-9.99AC

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 2
Baths: 2.0
Sq. Ft.: 720
Stories: 1.0
Lot Size: 0.47 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1977
Year Renovated: 1977
County: Marion County
APN: 490516114015000600

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Deer Run Elementary School

Public K-5 • Assigned • 3.5mi

4/10

Guion Creek Middle School

Public 6-8 • Assigned • 5.0mi

3/10

Pike High School

Public 9-12 • Assigned • 5.2mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 100° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46234

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.6 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.6 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$169,000 – $204,000

Sell confidently with a local market expert in Indianapolis. 3 minutes to get started.

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New listings for sale in 46234

FOR SALE BY OWNER

$30,000

3 beds2 baths924 sq ft

2246 Oxford Dr, Indianapolis, IN 46234

$265,000

2 beds2 baths1,435 sq ft

10830 Pine Valley Path, Indianapolis, IN 46234

$364,900

3 beds2 baths1,824 sq ft

2536 Tansel Rd, Indianapolis, IN 46234

3D WALKTHROUGH

$329,500

4 beds2.5 baths2,238 sq ft

523 Verwood Ct, Indianapolis, IN 46234

$245,000

3 beds2 baths1,600 sq ft

1302 Butternut Ln, Indianapolis, IN 46234

$235,000

3 beds2 baths1,066 sq ft

8559 Country Club Blvd, Indianapolis, IN 46234

$414,900

4 beds4 baths3,686 sq ft

5854 Skyward Ln, Indianapolis, IN 46234

$290,000

4 beds2.5 baths2,288 sq ft

8540 Chapel Gln, Indianapolis, IN 46234

LISTED BY REDFIN3D WALKTHROUGH

$525,000

3 beds2.5 baths2,666 sq ft

10767 Shiloh Wood Ct, Indianapolis, IN 46234

Home values near 3937 N Raceway Rd

Data from public records.

Address	Redfin Estimate
3889 N Raceway Road, Indianapolis, IN 3 Beds \| 1.5 Baths \| 1200 Sq. Ft.	$248,781
3903 N Raceway Road, Indianapolis, IN 1 Beds \| - Baths \| 800 Sq. Ft.	$203,680

Address	Redfin Estimate
3933 N Raceway Road, Indianapolis, IN 2 Beds \| 2 Baths \| 720 Sq. Ft.	$399,238
3889 N Raceway Road Unit 0, Indianapolis, IN - Beds \| - Baths \| - Sq. Ft.	$152,089

Address	Redfin Estimate
3905 N Raceway Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1036 Sq. Ft.	$145,125
4165 Mossy Bank Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2474 Sq. Ft.	$300,572

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