406 S Butler Avenue, Indianapolis, IN 46219

• 3 beds |
• 1 bath |
• 1,152 sqft

Property Description

Investor Special Near Irvington - High Upside Opportunity! Located at 406 S Butler Avenue in Indianapolis, this 3-bedroom, 1-bath home with a 1-car detached garage and full basement offers serious potential for the right buyer. Just minutes from the highly desirable Irvington neighborhood, this property sits in an area seeing continued appreciation and revitalization. Inside, you'll find a functional layout with an open flow from the living area into the kitchen, plus original architectural charm including a classic arched doorway. The home already features updated flooring in portions of the property, providing a solid starting point for your renovation vision. The full basement offers additional value-add possibilities for storage, mechanical updates, or future finished space. This is a true value-add opportunity geared toward seasoned rehabbers or investors looking to capitalize on strong resale potential. With comparable renovated homes pushing an ARV north of $225,000, there's ample room for profit. Priced at $135,000, this property is being offered as-is and is ideal for those ready to bring their vision and expertise to unlock its full potential. Prime location + solid structure + strong ARV = opportunity you don't want to miss.

Listing Status:

Active

Data Last Updated:

April 29, 2026 at 10:17PM

Listing Office:

EDGE Realty Group, INC : 317-945-2032

Listing Agent:

Gregory Hagan : 317-945-2032

MLS ID:

22097796

Interior

• General: Attic StairwayHardwood FloorsEat-in KitchenWood Work Painted
• Appliances: NoneGas Water Heater
• Basement: Unfinished
• A/C: Central Air
• Heating: Forced AirNatural Gas
• Fireplace: Fireplaces: 0

Exterior

• Style: Bungalow
• Other Structures: Covered
• Parking: Detached

Construction

• General: One and One HalfBlock

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Myers University Place L26 Blk 7491010179148000701
• Fencing: Partial

Utilities

• Utilities: Cable Available
• Water: Public

Financial

• Source: mibor