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  • Price cut: $25K (7/8)
    $225,000

    505 W 40th St, Indianapolis, IN 46208

    6beds
    3baths
    --sqft
    : 
    Multi Family, Duplex
    Built in 1915
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    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!
    99 days
    on Zillow
    |
    672
    |
    37
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 29, 2025 at 10:43am

    Listing Provided by:

    Chris Price 317-225-5507,

    Keller Williams Indy Metro S

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

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    We'll find a local expert to take you on a private tour of 505 W 40th St.

    Next available tour time:Today at 5pm

    Facts & features

    Interior

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

    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: 5,227.2 Square Feet
    • Features: Access, City Lot, Corner Lot, Sidewalks, Mature Trees
    Details
    • Parcel number: 490614152019000801
    • Zoning: Multi
    • Special conditions: 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
    • Road surface type: Asphalt
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