Occupied Duplex Near
For Sale
$150,000
Pending
425-427 W 39th Street, Indianapolis, IN 46208
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.14 Acres
Days on Market51
Property Features for 425-427 W 39th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Basement
Subdivision
H E & A Phelps
Elementary school district
MSD Washington Township
Middle school district
MSD Washington Township
High school district
MSD Washington Township
Directions
GPS Friendly
Standard status
Pending
APN
490614157022000801
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
H E & A Phelps Sub 40'W 42'E End L5 Pt L6 L7
Tax Annual Amount
4068
Legal Description
H E & A Phelps Sub 40'W 42'E End L5 Pt L6 L7
Building Details
Year built
1928
Number of units
2
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
Listed By:
Stuart Houghton
(317) 882-5900
Added: Sep 3
Changed: Oct 23
Last Checked: Oct 23 at 10:06PM
MLS# 22124381
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex at 425-427 W 39th Street in Indianapolis presents a two-unit residential configuration with current full occupancy. The property includes a basement, three bedrooms, and two bathrooms, along with a 1928 construction date.
The building sits on a 6,011-square-foot lot in the Butler Tarkington area, near Butler University. Its Indianapolis location and existing occupancy provide a straightforward residential income property profile, while the outdoor lot area adds usable space around the building.
The building sits on a 6,011-square-foot lot in the Butler Tarkington area, near Butler University. Its Indianapolis location and existing occupancy provide a straightforward residential income property profile, while the outdoor lot area adds usable space around the building.
Key Highlights
- Duplex at 425‑427 W 39th Street, Indianapolis, IN 46208
- Fully occupied residential income property
- 6,011‑square‑foot lot measuring 0.14 acres
Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
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Business Placement
Demographics for 46208, IN
23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with a basement, three bedrooms, and two bathrooms on a residential lot.
Where is this duplex located?
The property is located at 425-427 W 39th Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Duplex at 425‑427 W 39th Street, Indianapolis, IN 46208; Fully occupied residential income property; 6,011‑square‑foot lot measuring 0.14 acres
