Historic Duplex in
505 W 40th Street, Indianapolis, IN 46208
- Added:
- Apr 25, 2025
- Days on Market:
- 403
- Last Refresh:
- Jun 1 at 7:06 pm
Property Features for 505 W 40th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Multi
- Rooms
- Basement
- Exterior features
- Corner Lot, Fencing
- Fencing
- Fenced
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 490614152019000801
- Lot size
- 0.12 Acres
Building Details
- Year built
- 1915
- Number of units
- 2
- Architectural style
- Other
Listing agent Chris Price License #RB14030267 (317) 225-5507
Listing office Keller Williams Indy Metro S Kingston St Ste 100, Avon, IN (317) 271-5959
Listing date Apr 25, 2025
MLS# 22032052
Listing URL
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HighLights
- Rare, historic multi‑family property in desirable Butler‑Tarkington neighborhood.
- Potential for house hacking: live in one unit and rent the other.
- Two units: one with 3 bedrooms/1 bathroom, the other with 2 bedrooms/1.5 bathrooms.
- Detached 2‑car garage providing off‑street parking.
- Original woodwork, ornate brick fireplaces, clawfoot tubs, and raised ceilings.
- Full basement with the ability to finish for additional living space.
Overview
This rare, two-story historic multi-family property is located in the Butler-Tarkington neighborhood of Indianapolis, Indiana. The property is situated minutes from mid-town, Broad Ripple, interstate access, parks, and schools. It features an enclosed, private backyard and separate enclosed front porches. A two-car detached garage provides off-street parking. The property appears to have been previously configured as three bedrooms per side but has been converted to one unit with an extra-large primary bedroom. Currently, each side contains a 3-bedroom, 1-bathroom unit and a 2-bedroom, 1.5-bathroom unit. There is potential to finish off the full basement space. Original woodwork, ornate brick fireplaces on each side, clawfoot tubs, and raised ceilings contribute to the property's Old World charm. The property, situated on a 0.12-acre lot, could be suitable as a house hack to live in one side and pay the mortgage on the other, or as a long-term buy and hold investment.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.167827
- Latitude
- 39.828121
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Rare, historic duplex with charm in prime Indianapolis location.
Where is this duplex located?
The property is located at 505 W 40th Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Rare, historic multi‑family property in desirable Butler‑Tarkington neighborhood.; Potential for house hacking: live in one unit and rent the other.; Two units: one with **3 bedrooms/1 bathroom**, the other with **2 bedrooms/1.5 bathrooms**.
