INVESTOR ALERT! Prime Butler University Rental Opportunity Exceptional 5-bedroom, 2-bathroom home located just steps from the campus of Butler University. This beautifully renovated property offers the perfect combination of historic charm, modern updates, and strong income potential. Currently operating as a successful rental property or can be Airbnb rental. This property has historically generated between $3,500 and $4,000 per month in rental income. Whether you're seeking an investment property, student housing opportunity, or a personal residence near campus, this home delivers outstanding value. Recently renovated from top to bottom, features include: Spacious 5-bedroom, 2-bathroom floor plan, fully remodeled kitchen with butcher block countertops, Stainless steel appliances and new cabinetry. Large walk-in pantry, Refinished original hardwood floors. Beautiful leaded-glass windows. Original 1927 built-ins in the family and dining rooms. Cozy gas fireplace with Classic architectural character blended with modern conveniences. Enjoy living within walking distance of Butler University, restaurants, sporting events, and campus activities while being minutes from the highly desirable Meridian-Kessler neighborhood. Turnkey investment opportunity with proven rental history in one of Indianapolis' most sought-after university locations. Schedule your showing today!
Active
$445,000
620 Berkley Rd, Indianapolis, IN 46208
5beds
2,420sqft
Residential, Single Family Residence
Built in 1927
5,227 Square Feet Lot
$-- Zestimate®
$184/sqft
$-- HOA
What's special
Cozy gas fireplaceBeautiful leaded-glass windowsFully remodeled kitchenStainless steel appliancesBeautifully renovated propertyButcher block countertopsNew cabinetry
- 6 days |
- 596 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Elvis Turkovich 317-281-6979,
Aspen Realty, Inc
Source: MIBOR as distributed by MLS GRID,MLS#: 22105762
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 2
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 3
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10x11
Bedroom 4
- Level: Basement
- Area: 100 Square Feet
- Dimensions: 10x10
Bedroom 5
- Level: Basement
- Area: 120 Square Feet
- Dimensions: 10x12
Dining room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12x14
Kitchen
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Laundry
- Level: Main
- Area: 36 Square Feet
- Dimensions: 6x6
Living room
- Features: Tile-Ceramic
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Heating
- Electric, Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Gas Cooktop, Dishwasher, Disposal, Gas Oven, Refrigerator, Water Heater
- Laundry: In Unit, Laundry Room, In Basement
Features
- Attic Access, Entrance Foyer, Eat-in Kitchen, Wired for Data, Walk-In Closet(s)
- Basement: Daylight,Finished,Full,Storage Space,Walk-Out Access
- Attic: Access Only
- Number of fireplaces: 1
- Fireplace features: Masonry, Living Room
Interior area
- Total structure area: 2,420
- Total interior livable area: 2,420 sqft
- Finished area below ground: 1,300
Property
Parking
- Total spaces: 3
- Parking features: Alley Access
- Garage spaces: 3
- Details: Garage Parking Other(Guest Street Parking, Other)
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck
- Exterior features: Fire Pit
- Has view: Yes
- View description: Park/Greenbelt
Lot
- Size: 5,227 Square Feet
- Features: Mature Trees, See Remarks
Details
- Parcel number: 490614122119000801
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,Spanish,Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Stucco
- Foundation: Concrete Perimeter, Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1927
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Fairview Park
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $184/sqft
- Tax assessed value: $326,100
- Annual tax amount: $7,440
- Date on market: 6/4/2026
- Cumulative days on market: 9 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Listed for sale | $445,000+59%$184/sqft |
Source:  MIBOR as distributed by MLS GRID #22105762 Report a problem | ||
| 5/26/2026 | Listing removed | $2,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/13/2026 | Price change | $2,650-4.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/30/2026 | Price change | $2,780-4.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/27/2026 | Price change | $2,900-3.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/9/2026 | Listed for rent | $3,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/6/2024 | Listing removed | $3,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/23/2024 | Price change | $3,000-7.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/12/2024 | Price change | $3,250-7.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/10/2024 | Listed for rent | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/4/2023 | Listed for rent | $3,500+16.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/4/2020 | Sold | $279,900+0.3%$116/sqft |
Source: Public Record Report a problem | ||
| 6/23/2020 | Pending sale | $279,000$115/sqft |
Source: MIBOR REALTOR Association #21697227 Report a problem | ||
| 3/4/2020 | Listed for sale | $279,000+64.1%$115/sqft |
Source: MIBOR REALTOR Association #21697227 Report a problem | ||
| 2/11/2020 | Listing removed | $3,000$1/sqft |
Source: Vue Property Group LLC Report a problem | ||
| 11/12/2019 | Price change | $3,000+15.6%$1/sqft |
Source: Vue Property Group LLC Report a problem | ||
| 10/9/2019 | Price change | $2,595-13.5%$1/sqft |
Source: JUST LIV, LLC #21665974 Report a problem | ||
| 9/6/2019 | Price change | $3,000+9.1%$1/sqft |
Source: JUST LIV, LLC #21665974 Report a problem | ||
| 2/19/2019 | Price change | $2,750-4.3%$1/sqft |
Source: E-Squared Realty Group LLC Report a problem | ||
| 1/31/2019 | Price change | $2,875-4%$1/sqft |
Source: E-Squared Realty Group LLC Report a problem | ||
| 8/29/2018 | Listed for rent | $2,995$1/sqft |
Source: LIV Report a problem | ||
| 8/17/2018 | Sold | $170,000-8.1%$70/sqft |
Source: MIBOR as distributed by MLS GRID #21577697 Report a problem | ||
| 7/27/2018 | Pending sale | $185,000$76/sqft |
Source: eXp Realty, LLC #21577697 Report a problem | ||
| 7/16/2018 | Listed for sale | $185,000+20.9%$76/sqft |
Source: eXp Realty, LLC #21577697 Report a problem | ||
| 6/11/2018 | Sold | $153,000-3.8%$63/sqft |
Source: Public Record Report a problem | ||
| 7/22/2015 | Sold | $159,000$66/sqft |
Source: MIBOR as distributed by MLS GRID #21353710 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,439 +9.3% | $326,100 +4% |
| 2024 | $6,805 -4.4% | $313,500 +9.3% |
| 2023 | $7,118 +22.9% | $286,900 -4.8% |
| 2022 | $5,790 +57.5% | $301,500 +20.1% |
| 2021 | $3,677 -1.9% | $251,000 +58.1% |
| 2020 | $3,749 +2.7% | $158,800 |
| 2019 | $3,652 +17.1% | $158,800 +3.6% |
| 2018 | $3,119 +22.3% | $153,300 +5.4% |
| 2017 | $2,550 +103.6% | $145,400 +22.1% |
| 2016 | $1,252 +6.2% | $119,100 +3.3% |
| 2014 | $1,179 -9.6% | $115,300 -2% |
| 2013 | $1,305 | $117,600 -1.8% |
| 2012 | $1,305 | $119,800 +15.9% |
| 2011 | -- | $103,400 |
| 2010 | $1,031 -44.1% | $103,400 -40.8% |
| 2009 | $1,845 | $174,800 -2.9% |
| 2007 | -- | $180,000 +34.2% |
| 2006 | -- | $134,100 +48.7% |
| 2005 | -- | $90,200 |
| 2004 | -- | $90,200 |
| 2003 | -- | $90,200 |
Find assessor info on the county website
Monthly payment
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Butler-Tarkington
Nearby schools
GreatSchools rating
- 3/10James Whitcomb Riley School 43Grades: PK-5Distance: 0.6 mi
- 4/10Cold Spring SchoolGrades: K-8Distance: 2 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Marion County
- Indianapolis
- 46208
- Butler-Tarkington
- 620 Berkley Rd
Nearby cities
Nearby neighborhoods
Nearby zip codes
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