38 Hendricks Pl

Indianapolis IN 46201 · Multi-Family

2 bd2 ba1,300 sqft

+37% Well above typical

Asking $1,700/mo · typical for 46201, 2 bd: $1,240/mo · HUD fair-market (market-adjusted) $1,074

How we check rent

Typical = the median of rentals asking right now with the same bedroom count in the same ZIP (our monthly comps). When there are too few comps we use HUD's FY2027 Small Area Fair Market Rent scaled by 0.82, the ratio Indianapolis landlords actually ask versus HUD. Orientation only, not a guarantee of any rent.

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Is the rent fair?

The numbers (estimates, illustrative)

$1,700/moAsking rent

$1,240Typical asking · 46201 · 2 bd

+37%Well above typical

$1,074HUD fair-market rent · adjusted

$1.31Rent per sq ft / mo

1124Days listed

The rent

Asking rent: $1,700/mo
Typical asking rent: $1,240/mo median of current listings, same ZIP + bedrooms
Difference: +37% Well above typical
HUD fair-market rent: $1,310/mo FY2027 Small Area FMR · adjusted $1,074
Rent per sq ft: $1.31/mo
Security deposit (typical): $1,700 one month is the Indiana norm; ask the landlord

The property

Beds / baths: 2 / 2
Living area: 1,300 sq ft
Lot: 0.092 acres
Year built: —
Property type: Multi-Family
HOA: None on record
Flood zone: None (Zone X)
Registered rental: No

The listing

Source: Standard
MLS #: —
Listed: Sep 4, 2023
Days on market: 1124
Listing agent: Not on the feed — use the official listing link
Price history: No changes recorded

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All figures are illustrative estimates from the list price, public records, rent comps / HUD fair-market rent and assumed financing (75% LTV, ~7.5%, 30 yr, as of 2026-09-12). Not verified, not an offer, not investment advice. Triad Global, LLC is a real-estate investor, not a licensed brokerage. Listing data from public sources; verify everything before you bid. Equal Housing Opportunity.