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For sale by owner
  • $385,000

    759 Berkley Rd, Indianapolis, IN 46208

    5beds
    2,522sqft
    : 
    $2,695/mo
    Get pre-qualified
    SingleFamily
    Built in 1937
    5,227 Square Feet Lot
    $-- Zestimate®
    $153/sqft
    $-- HOA

    Overview

    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 $385,000 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.
    6 days
    277
    29
    Listed by:

    Property Owner (317) 698-1894

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      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: $153/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

        $3,416/mo

        Price history

        DateEventPrice
        9/12/2026Listed for sale$385,000+11.6%$153/sqft
        Source: Owner Report a problem
        9/1/2026Listing removed$3,500$1/sqft
        Source: Zillow Rentals Report a problem
        7/25/2026Listed for rent$3,500$1/sqft
        Source: Zillow Rentals Report a problem
        11/8/2024Listing removed--
        Source: Owner Report a problem
        9/23/2024Price change$345,000-5.5%$137/sqft
        Source: Owner Report a problem
        9/17/2024Listed for sale$365,000+28.1%$145/sqft
        Source: Owner Report a problem
        8/17/2018Sold$285,000+101.8%$113/sqft
        Source: Public Record Report a problem
        1/19/2011Sold$141,222+5%$56/sqft
        Source: MIBOR as distributed by MLS GRID #21060860 Report a problem
        1/16/2011Pending sale$134,500$53/sqft
        Source: Wynkoop Brokerage Firm, LLC #21060860 Report a problem
        12/17/2010Price change$134,500-22.5%$53/sqft
        Source: Fannie Mae #21060860 Report a problem
        12/4/2010Listed for sale--
        Source: foreclosure.com Report a problem
        12/11/2009Sold$173,581+5.5%$69/sqft
        Source: Public Record Report a problem
        7/6/2001Sold$164,500$65/sqft
        Source: MIBOR as distributed by MLS GRID #2034904 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Butler-Tarkington

        Getting around

        35 / 100
        Car-Dependent
        29 / 100
        Some Transit
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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