505 W 40th Street, Indianapolis, IN 46208
  • $175,000
  • $195,000

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!

  • Address: 505 W 40th Street
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46208

Details

Updated on April 15, 2026 at 6:15 pm
  • Property ID 22032052
  • Price $175,000
  • Land Area 0.12 Acres
  • Garages 2
  • Garage Size x x
  • Year Built 1915
  • Property Type Duplex, Residential Income
  • Property Status Active

Additional details

  • County Marion
  • Property Type Residential Income
  • Parking Detached
  • Elementary School James Whitcomb Riley School 43
  • Middle School James Whitcomb Riley School 43
  • High School George Washington High School

Mortgage Calculator

Video

Contact Information

View Listings
Preeti Chaggar

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare