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505 W 40th Street

Indianapolis, IN 46208
  • $175,000
  • STATUS: Active
  • ON SITE: 409 Days
  • MLS #: 22032052
Foreclosure
UPDATED: 68 min ago
$175,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

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!

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© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-06-09T15:26:33.803. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.davidbrentonsteam.com/homes/163002153
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505 W 40th Street Indianapolis, IN 46208

  • Price: $175,000
  • Status: Active
  • On Site: 409 Days
  • Updated: 68 min ago
  • MLS #: 22032052
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1915
Built
Neighborhood:
Columbia Place
County:
Marion
Area:
4903 - Marion - Washington
Elementary School:
James Whitcomb Riley School 43
Middle School:
James Whitcomb Riley School 43
High School:
George Washington High School
School District:
Indianapolis Public Schools
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!
Exterior Features

Fencing Full Levels Two Lot Information AccessCity LotCorner LotSidewalksMature Trees Parking Features Detached Road Access Access Rd Road Frontage Type City Street Road Surface Type Asphalt Unit Parking 2 Car Garage View CityNeighborhoodTrees/Woods View YN Yes Waterfront YN No

Interior Features

Basement YN Yes

Property Features

Acres <1/4 Acre Current Use Vacant Disclosures BankOwned Dpr YN Yes Expenses 0 New Construction YN No Number Of Units Total 2 Possession Closing Possible Use Comm Mul Ten Property Attached YN Yes Property Sub Type Duplex Semi Annual Property Tax Amt 1472 Solid Waste Yes Special Listing Conditions As Is Tax Year 2024 Township Washington Transaction Type Sale Zoning Multi

Listing provided courtesy of Keller Williams Indy Metro S: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-06-09T15:26:33.803. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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Indianapolis IN, 46237