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.
For sale by owner
$385,000
759 Berkley Rd, Indianapolis, IN 46208
5beds
2,522sqft
SingleFamily
Built in 1937
5,227 Square Feet Lot
$-- Zestimate®
$153/sqft
$-- HOA
Overview
- 6 days
- 277
- 29
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: $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
| Date | Event | Price |
|---|---|---|
| 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.





