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Sold
    • $150,000

    505 W 40th St, Indianapolis, IN 46208

    6beds
    3baths
    --sqft
    Multi Family, Duplex
    Built in 1915
    -- sqft lot
    $150,000 Zestimate®
    $--/sqft
    $1,353 Estimated rent

    Home value

    $150,000

    $143,000 - $158,000

    $1,353/mo

    Zestimate® history
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    $981/mo

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    What's special

    Ornate brick fire placesOriginal woodworkEnclosed front porchesClawfoot tubsRaised ceilingsExtra large primary bedroomOld world charm
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Chris Price 317-225-5507,

    Keller Williams Indy Metro Partners

    Bought with:

    Gabriel Long

    eXp Realty, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22032052MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Main level bathrooms: 6
    Features
    • Has basement: Yes

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached
    • Garage spaces: 2
    • Details: Unit Parking(2 Car Garage)
    Features
    • Levels: Two
    • Stories: 2
    • Fencing: Fenced,Full
    • Has view: Yes
    • View description: City, Neighborhood, Trees/Woods
    Lot
    • Size: 5,227 Square Feet
    • Features: Access, City Lot, Corner Lot, Sidewalks, Mature Trees
    Details
    • Parcel number: 490614152019000801
    • Zoning: Multi
    • Special conditions: HUD Owned,As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Duplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1915

    Community & HOA

    Community
    • Subdivision: Columbia Place
    Location
    • Region: Indianapolis

    Financial & listing details

    • Annual tax amount: $2,944
    • Date on market: 4/25/2025
    • Cumulative days on market: 420 days
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    7/27/2026Sold$150,000
    Source: MIBOR as distributed by MLS GRID #22032052 Report a problem
    6/25/2026Pending sale$150,000
    Source: MIBOR as distributed by MLS GRID #22032052 Report a problem
    6/10/2026Price change$150,000-14.3%
    Source: MIBOR as distributed by MLS GRID #22032052 Report a problem
    4/15/2026Price change$175,000-10.3%
    Source: MIBOR as distributed by MLS GRID #22032052 Report a problem
    11/14/2025Price change$195,000-4.9%
    Source: MIBOR as distributed by MLS GRID #22032052 Report a problem
    9/11/2025Price change$205,000-8.9%
    Source: MIBOR as distributed by MLS GRID #22032052 Report a problem
    7/8/2025Price change$225,000-10%
    Source: MIBOR as distributed by MLS GRID #22032052 Report a problem
    4/25/2025Listed for sale$250,000
    Source: MIBOR as distributed by MLS GRID #22032052 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Butler-Tarkington

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: James Whitcomb Riley School 43
    • Middle: James Whitcomb Riley School 43
    • High: George Washington High School

    Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $150,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $150,000

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