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    417 W 39Th St Indianapolis, IN 46208

    Sponsored
    For Sale
    $250,000

    Traditional, Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.09 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 10 at 11:06 am

    Property Features for 417 W 39Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Security features
    Smoke Detector(s)
    Rooms
    Basement
    APN
    490614157018000801
    Exterior features
    Fencing
    Fencing
    Fenced
    Basement Y/N
    1
    Lot size
    0.09 Acres

    Building Details

    Year built
    1905
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    New Traditional

    Keller Williams Indianapolis Metro North (317) 846-6300 [email protected]

    Listing agent Peter Stewart (317) 846-6300 License #RB15000083

    Listing date Jan 5, 2026

    MLS# 22076948 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indianapolis Duplex in Butler Tarkington

    Located in the Butler Tarkington neighborhood of Indianapolis, the property at 417-419 W 39th St is a duplex. The 417 side is a 2-bedroom, 1-bathroom unit with 1,195 sq ft, leased at $1,050 per month through March 31, 2026. The 419 side features a larger 3-bedroom, 2-bathroom layout with 1,375 sq ft, leased at $1,400 per month through April 30, 2026, plus a $25 per month pet fee. Electricity is separately metered and paid by tenants. Water is shared, with each unit reimbursing the owner a flat $65 per month. The property is in good overall condition and benefits from a new roof. Situated near local establishments such as Chilly Water Tap Room and Hoagies & Hops, it is also within walking distance of Tarkington Park and the Red Line bus stop. The location provides tenant appeal due to its proximity to Butler University's campus, Hinkle Fieldhouse, and Clowes Hall. Access throughout the city is facilitated by its proximity to Meridian St and 38th St. Major destinations, including the Art Museum, Children's Museum, State Fairgrounds, Monon Trail, Broad Ripple, and downtown Indy, are all within 10-20 minutes. The property is professionally managed by Triple E Property Management, with the option to continue these services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.166562
    Latitude
    39.826319

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    FAQs

    What type of property is this?
    Duplex - Turnkey duplex in a stable, appreciating Indianapolis neighborhood.
    Where is this duplex located?
    The property is located at 417 W 39Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Turnkey duplex in the highly desirable Butler Tarkington neighborhood, offering immediate cash flow and long-term stability.; - Both units are currently leased through March and April of 2026, providing guaranteed rental income.; - Strong rental income: Unit 417 (2BR/1BA) leased at $1,050/month and Unit 419 (3BR/2BA) leased at $1,400/month plus $25 pet fee.
    (317) 846-6300
    Request Owner's contact information
    417 W 39Th St Indianapolis, IN 46208
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    Indianapolis, IN 46208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    417 W 39Th St Indianapolis, IN 46208
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