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Listed by Chris Price • Keller Williams Indy Metro S
$ 195,000
Est. payment /mo
Active
505 W 40th ST Indianapolis, IN 46208
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Columbia Place
MLS Listing ID 22032052
Year Built 1915
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Duplex
Property Description
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!
Location
State IN
County Marion
Zoning Multi
Interior
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
View City, Neighborhood, Trees/Woods
Building
Story Two
New Construction false
Schools
Elementary Schools James Whitcomb Riley School 43
Middle Schools James Whitcomb Riley School 43
High Schools George Washington High School
School District Indianapolis Public Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
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