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$135,000 -

406 S Butler Avenue Indianapolis IN 46219

3
Bedrooms
1
Baths
N/A
SQ. Feet
(Above Ground)
0.13
Acres

Investor Special Near Irvington - High Upside Opportunity! Located at 406 S Butler Avenue in Indianapolis, this 3-bedroom, 1-bath home with a 1-car detached garage and full basement offers serious potential for the right buyer. Just minutes from the highly desirable Irvington neighborhood, this property sits in an area seeing continued appreciation and revitalization. Inside, you'll find a functional layout with an open flow from the living area into the kitchen, plus original architectural charm including a classic arched doorway. The home already features updated flooring in portions of the property, providing a solid starting point for your renovation vision. The full basement offers additional value-add possibilities for storage, mechanical updates, or future finished space. This is a true value-add opportunity geared toward seasoned rehabbers or investors looking to capitalize on strong resale potential. With comparable renovated homes pushing an ARV north of $225,000, there's ample room for profit. Priced at $135,000, this property is being offered as-is and is ideal for those ready to bring their vision and expertise to unlock its full potential. Prime location + solid structure + strong ARV = opportunity you don't want to miss.

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Property Details

Price: $135,000 Previously: $135,000 Originally: $135,000 Bedrooms: 3 Bathrooms: 1.00 MLS #: 22097796 Year Built: 1930 Township: Warren Sq. Ft Total: 1,824 Type: Residential Zip Code: 46219 City: Indianapolis Subdivision: Myers University Place County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Appliances: None, Gas Water Heater
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • Setting / Lot Description: Sidewalks, Storm Sewer, Mature Trees
  • Porch: Covered
  • # Acres: 0.13

Listing Office: Edge Realty Group, Inc

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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 April 25th, 2026 at 8:13am EDT.

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