505 W 40th Street
Indianapolis, IN 46208
- – beds
- – baths
- – sqft
- 5,097 sqft lot
- 1915 build
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!
Last checked:
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Checking…
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Last updated Apr 28, 2025
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MLS# 22032052 —
The Building
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Year Built:1915
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New Construction:false
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Levels:Two
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Basement:true
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Direction Faces:Northeast
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Green Certification:No
Location
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Directions:From 38th Street, turn North onto Rookwood Avenue. Property sits on the corner of Rookwood Avenue and West 40th Street.
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Latitude:39.828121
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Longitude:-86.167827
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Attached:true
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Parcel Number:490614152019000801
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Acres:<1/4 Acre
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Lot Features:Access, City Lot, Corner Lot, Sidewalks, Mature Trees
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Lot Size Acres:0.12
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Lot Size SqFt:5,097 Sqft
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Price Per Acre:2083333
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Zoning:Multi
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Additional Parcels:false
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View:City, Neighborhood, Trees/Woods
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View:true
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Waterfront:false
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Fencing:Fence Full Rear
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Fence:Yes
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Current Use:Vacant
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Possible Use:CommMulTen
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Road Access:Access Rd
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Road Frontage Type:City Street
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (317) 886-8477
- Office phone:
- (317) 271-5959
Taxes
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Tax Lot:30
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Tax Year:2024
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Semi Annual Property Tax Amt:1472
The Listing
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Disclosures:BankOwned
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Virtual Tour Branded:
Utilities
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Solid Waste:Yes
Schools
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Elementary School:James Whitcomb Riley School 43
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Middle Or Junior School:James Whitcomb Riley School 43
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Columbia Place
Parking
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Parking:2 Car Garage
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Parking Features:Detached
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Garage Spaces:2
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/25/25
Apr 25, 2025
|
Listed / Active | MIBOR | $250,000 |
