505 W 40th Street, Indianapolis, IN 46208

$150,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$150,000
Price Change
▼ $25,000 1781128815
MLS#
22032052
Days on Market
458
Status
PENDING - CONTINUE TO SHOW

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!

Additional Information

Stories
Two
Foreclosure
Yes
Acres
0.12
Region
Washington

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Indy Metro S.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative