406 S Butler AVE, Indianapolis, IN 46219
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406 S Butler AVE, Indianapolis, IN 46219
406 S Butler AVE, Indianapolis, IN 46219
406 S Butler AVE, Indianapolis, IN 46219
406 S Butler AVE, Indianapolis, IN 46219
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Jeff Landers

Jeff Landers

+1(317) 750-9767
Listed by Gregory Hagan • EDGE Realty Group, INC
$ 125,000
Est. payment /mo
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406 S Butler AVE Indianapolis, IN 46219

3 Beds

1 Bath

1,824 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,824 sqft

Price per Sqft $68

Subdivision Myers University Place

MLS Listing ID 22097796

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1930

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Single Family Residence

Property Description

Investor Special Near Irvington - High Upside Opportunity! Located at 406 S Butler Avenue in Indianapolis, this 3-bedroom, 1-bath home with a 1-car detached garage and full basement offers serious potential for the right buyer. Just minutes from the highly desirable Irvington neighborhood, this property sits in an area seeing continued appreciation and revitalization. Inside, you'll find a functional layout with an open flow from the living area into the kitchen, plus original architectural charm including a classic arched doorway. The home already features updated flooring in portions of the property, providing a solid starting point for your renovation vision. The full basement offers additional value-add possibilities for storage, mechanical updates, or future finished space. This is a true value-add opportunity geared toward seasoned rehabbers or investors looking to capitalize on strong resale potential. With comparable renovated homes pushing an ARV north of $225,000, there's ample room for profit. Priced at $135,000, this property is being offered as-is and is ideal for those ready to bring their vision and expertise to unlock its full potential. Prime location + solid structure + strong ARV = opportunity you don't want to miss.

Location

State IN

County Marion

Rooms

Basement Unfinished

Main Level Bedrooms 2

Interior

Interior Features Attic Stairway, Hardwood Floors, Eat-in Kitchen, Wood Work Painted

Heating Forced Air, Natural Gas

Cooling Central Air

Equipment None

Fireplace Y

Appliance None, Gas Water Heater

Exterior

Garage Spaces 1.0

Utilities Available Cable Available

Building

Story One and One Half

Foundation Block

Water Public

Architectural Style Bungalow

Structure Type Aluminum Siding

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

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Jeff Landers

Jeff Landers

Real Estate Advisor | License ID: RB14050540

+1(317) 750-9767

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Jeff Landers, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

I simply cannot recommend Jeff enough to anyone considering buying or selling a home. My experience with him selling my first house has confirmed in my mind that he is absolutely the best in the business. Not only is Jeff outstandingly professional, knowledgeable and experienced but he constantly and consistently went above and beyond for me during this process. His willingness to listen to me when I was panicking and calm me down and go to bat for me in difficult situations is something I am incredibly grateful for. I trust Jeff implicitly and was never steered wrong throughout the entire process. 5 stars is not enough to express my gratitude and stellar experience with Jeff.

RebeccaRoy0

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406 S Butler AVE