Prime Butler University Investment Opportunity | 5 Bedrooms | $3,900/Month Rent
Location, location, location! Situated just off the Butler University campus in the highly desirable Knoll area, this 5-bedroom, 2.5-bathroom property presents an excellent opportunity for an investor seeking a strong, established rental.
The property is currently leased through May 2027 at $3,900 per month, generating $46,800 in scheduled annual gross rental income.
With five bedrooms and an unbeatable location just off Butler's campus, this property is ideally positioned for the university-area rental market. The existing lease provides an investor with immediate income and significant lease term remaining, making this a particularly attractive turnkey rental opportunity.
Investment Highlights:
5 bedrooms
2.5 bathrooms
Currently leased through May 2027
$3,900/month current rent
$46,800 scheduled annual gross rent
$345,000 asking price
Prime Knoll location adjacent to Butler University
Strong rental demand in the Butler University area
A rare opportunity to acquire a well-located, income-producing rental in one of the most desirable areas surrounding Butler University.
Seller is a licensed Indiana real estate broker selling personally owned property. Seller is currently in referral status and is acting solely in the capacity of property owner in this transaction.
For sale by owner
Price cut: $10K (11/14)
$345,000
759 Berkley Rd, Indianapolis, IN 46208
5beds
2,522sqft
SingleFamily
Built in 1937
5,227 Square Feet Lot
$-- Zestimate®
$137/sqft
$-- HOA
Overview
- 64 days
- 496
- 34
Listed by:
Property Owner (317) 698-1894
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Other, Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Carpet, Hardwood
- Basement: Partially finished
- Has fireplace: Yes
- Fireplace features: masonry
Interior area
- Total interior livable area: 2,522 sqft
Property
Parking
- Total spaces: 1
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 490614122055000801
Construction
Type & style
- Home type: SingleFamily
Materials
- Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1937
Community & HOA
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $137/sqft
- Tax assessed value: $339,700
- Annual tax amount: $7,741
- Date on market: 9/12/2026
Estimated market value
Not available
Estimated sales range
Not available
$3,569/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2026 | Price change | $345,000-2.8%$137/sqft |
Source: Owner Report a problem | ||
| 9/29/2026 | Price change | $355,000-7.8%$141/sqft |
Source: Owner Report a problem | ||
| 9/12/2026 | Listed for sale | $385,000+11.6%$153/sqft |
Source: Owner Report a problem | ||
| 9/1/2026 | Listing removed | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/25/2026 | Listed for rent | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/8/2024 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/23/2024 | Price change | $345,000-5.5%$137/sqft |
Source: Owner Report a problem | ||
| 9/17/2024 | Listed for sale | $365,000+28.1%$145/sqft |
Source: Owner Report a problem | ||
| 8/17/2018 | Sold | $285,000+101.8%$113/sqft |
Source: Public Record Report a problem | ||
| 1/19/2011 | Sold | $141,222+5%$56/sqft |
Source: | ||
| 1/16/2011 | Pending sale | $134,500$53/sqft |
Source: Wynkoop Brokerage Firm, LLC #21060860 Report a problem | ||
| 12/17/2010 | Price change | $134,500-22.5%$53/sqft |
Source: Fannie Mae #21060860 Report a problem | ||
| 12/4/2010 | Listed for sale | -- |
Source: foreclosure.com Report a problem | ||
| 12/11/2009 | Sold | $173,581+5.5%$69/sqft |
Source: Public Record Report a problem | ||
| 7/6/2001 | Sold | $164,500$65/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,741 +9.4% | $339,700 +4.1% |
| 2024 | $7,076 -2.3% | $326,200 +9.4% |
| 2023 | $7,239 +21.9% | $298,300 -2.7% |
| 2022 | $5,938 -2.9% | $306,600 +19.1% |
| 2021 | $6,118 -1.9% | $257,400 -2.6% |
| 2020 | $6,237 +39.5% | $264,200 |
| 2019 | $4,472 +17.5% | $264,200 +40.8% |
| 2018 | $3,805 +23.6% | $187,700 +5.6% |
| 2017 | $3,080 -1.3% | $177,700 +22.9% |
| 2016 | $3,121 +0% | $144,600 +0.2% |
| 2014 | $3,120 -3.8% | $144,300 -2% |
| 2013 | $3,242 | $147,300 +1.9% |
| 2012 | $3,242 | $144,500 +4.6% |
| 2011 | -- | $138,100 |
| 2010 | $2,871 -43.8% | $138,100 -42.4% |
| 2009 | $5,106 | $239,600 -3% |
| 2007 | -- | $247,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Butler-Tarkington
Nearby schools
Schools provided by the listing agent
- District: Ips
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





