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About This Home

This 0-bedroom, 0-bathroom multi-family at 505 W 40th Street in Indianapolis, IN is listed for $195,000. Built in 1915, on a 0.12 acres lot.

Agent 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!

Key Features

  • Built in 1915
  • 0.12 acre lot

Property Details

1915

Amenities

ViewBasement

Monthly Cost Estimate

$1,043/mo

20% down · 6.5% · 30 years

Principal$141
Interest$845
Insurance$57

Estimates only. Actual payments may vary.

Location

505 W 40th Street

Indianapolis, IN 46208

Columbia Place

Features & Amenities

Exterior Features

Corner LotFencing

Property Details

Views

City

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 505 W 40th Street is listed at $195,000. The estimated monthly payment is $845 based on 20% down at 6.5% interest.

Key features include: Built in 1915, 0.12 acre lot. Exterior Features: Corner Lot, Fencing.

This property is listed by Chris Price and can be reached at 3172255507 or chris@kwtips.com.

CP

Chris Price

Agent at Keller Williams Indy Metro S

(317) 225-5507

Listed by Keller Williams Indy Metro S · View on Broker Site

MLS# 22032052· Source: listhub· Updated 350 days ago

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

505 W 40th Street, Indianapolis, IN 46208

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