$175,000

505 W 40th Street, Indianapolis, IN 46208

Duplex
Built in 1915
5,227sqft lot
2 car garage
$——/sqft
Listed 1 year ago

Property Description

Incredibly rare, 2-story historic multi-family property in Butler-Tarkington neighborhood. Minutes from mid-town, Broad Ripple, interstate access, parks, schools, and much more! Enclosed, private back yard and separate enclosed front porches. 2-car detached garage for off-street parking. Appears to have been previously been 3 Bedrooms per side, but now converted to one unit having an extra large Primary Bedroom. 3 Bedroom/1 Bathroom and 2 Bedroom/1.5 Bathrooms on each side. Ability to finish off full basement space. Original woodwork, ornate brick fire places on each side, clawfoot tubs, raised ceilings and tons of Old World charm. Could be a great house hack to live in one side and pay the mortgage on the other; or an amazing long-term buy and hold. This is a must see!

Listing Status:: Active
Data Last Updated:: May 20, 2026 at 6:18PM
Listing Office:: Keller Williams Indy Metro S : 317-886-8477
Listing Agent:: Chris Price : 317-886-8477
MLS ID:: 22032052

Parking: Detached

General: Two

Road/Access: City Street
Originating MLS: mibor
School District: Indianapolis Public Schools
County: Marion

Zoning: MultiColumbia Place Pt L30 Beg Ne Cor P.O.B. S40' W127.5' N40' E127.5' To Beg490614152019000801
View: CityNeighborhoodTrees/WoodsView
Fencing: Full
Current Use: Vacant

Source: mibor

This listing courtesy of Chris Price , Keller Williams Indy Metro S

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$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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