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$195,000 -

505 W 40th Street Indianapolis IN 46208

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.12
Acres

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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Property Details

Price: $195,000 Previously: $195,000 Originally: $250,000 Bathrooms: 0.00 MLS #: 22032052 Year Built: 1915 Township: Washington Type: Residential Income Zip Code: 46208 City: Indianapolis Subdivision: Columbia Place County: Marion School District: Indianapolis Public Schools High School: George Washington High School Middle School: James Whitcomb Riley School 43 Elementary School: James Whitcomb Riley School 43

Interior Features

Interior Features:

Exterior Features

Exterior Features:
  • Setting / Lot Description: Access, City Lot, Corner Lot, Sidewalks, Mature Trees
  • # Acres: 0.12

Listing Office: Keller Williams Indy Metro S

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on February 3rd, 2026 at 7:58am EST.

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