505 W 40th Street, Indianapolis, IN 46208
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
505 W 40th Street,Indianapolis, IN 46208
$225,000
- - 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:$225,000
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!
Contact an agent
Home facts
- Year built:1915
- Listing ID #:22032052
- Added:125 day(s) ago
- Updated:August 26, 2025 at 02:49 PM
Structure and exterior
- Year built:1915
- Lot area:0.12 Acres
Schools
- Middle school:James Whitcomb Riley School 43
- Elementary school:James Whitcomb Riley School 43
Finances and disclosures
- Price:$225,000
New listings near 505 W 40th Street
- Open Sat, 3 to 5pmNew
$325,000Active3 beds 2 baths1,480 sq. ft.10628 Chesapeake Drive S, Indianapolis, IN 46236
MLS# 22054054Listed by: F.C. TUCKER COMPANY - New
$225,900Active3 beds 2 baths1,196 sq. ft.6832 Raritan Drive, Indianapolis, IN 46221
MLS# 22056688Listed by: F.C. TUCKER COMPANY - New
$280,000Active3 beds 2 baths1,776 sq. ft.25 N Sheridan Avenue, Indianapolis, IN 46219
MLS# 22058680Listed by: CARPENTER, REALTORS - New
$299,000Active3 beds 4 baths2,502 sq. ft.9458 Tanhurst Drive, Indianapolis, IN 46250
MLS# 22058847Listed by: CARPENTER, REALTORS - New
$224,000Active2 beds 3 baths1,298 sq. ft.7163 Long Boat Drive, Indianapolis, IN 46250
MLS# 22058915Listed by: ENCORE SOTHEBY'S INTERNATIONAL - New
$105,000Active2 beds 1 baths840 sq. ft.4855 Mount Vernon Drive, Indianapolis, IN 46227
MLS# 22059138Listed by: BERKSHIRE HATHAWAY HOME - New
$200,000Active2 beds 1 baths827 sq. ft.5131 Ralston Avenue, Indianapolis, IN 46205
MLS# 22059215Listed by: REAL BROKER, LLC - New
$330,000Active4 beds 4 baths2,426 sq. ft.2205 Remington Drive, Indianapolis, IN 46227
MLS# 22059697Listed by: ERIN ANDERSON REALTY - New
$225,000Active2 beds 2 baths1,032 sq. ft.6702 Greendale Lane, Indianapolis, IN 46241
MLS# 22059705Listed by: EXP REALTY, LLC - Open Sun, 1 to 3pmNew
$250,000Active3 beds 2 baths1,320 sq. ft.7140 Combs Road, Indianapolis, IN 46237
MLS# 22059709Listed by: HOOSIER, REALTORS
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.