505 W 40th Street, Indianapolis, IN 46208

Indianapolis
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
505 W 40th Street,Indianapolis, IN 46208
$195,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: chris price
Office: keller williams indy metro s
MLS#:22032052
Source:IN_MIBOR

Price summary

  • Price:$195,000

About this home

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!

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Home facts

  • Year built:1915
  • Listing ID #:22032052
  • Added:329 day(s) ago
  • Updated:March 21, 2026 at 02:54 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1915
  • Lot area:0.12 Acres
  • Lot Features:Corner Lot, Mature Trees, Sidewalks

Schools

  • High school:George Washington High School
  • Middle school:James Whitcomb Riley School 43
  • Elementary school:James Whitcomb Riley School 43

Finances and disclosures

  • Price:$195,000

Parking

  • Garage:Yes
  • Garage spaces:2
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