$195,000
505 W 40th Street
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!
From 38th Street, turn North onto Rookwood Avenue. Property sits on the corner of Rookwood Avenue and West 40th Street.
Map to 505 W 40th Street, Indianapolis, IN 46208
MLS #
22032052
Date Listed
2025-04-25
Status
Active
Property Type
Multi-Family/Apartments
Property SubType
Duplex
New Construction
No
Type
Duplex
Year Taxes Payable
2024
Year Built
1915
Days on Market
218
Zoning
Multi
External Features
Construction
Duplex
Lot Size
5,097 sq ft
Acreage
0.12 Acres
Fence
Full
Location
Area
Marion
County
Marion
Subdivision
Columbia Place
Township
Washington
City
Indianapolis
State
IN
Zip
46208
Schools
School District
Indianapolis Public Schools
Elementary
James Whitcomb Riley School 43
Middle School
James Whitcomb Riley School 43
High School
George Washington High School
Financial
Assoc. Dues
$0.00
| MLS # | 22032052 |
|---|---|
| Date Listed | 2025-04-25 |
| Status | Active |
| Property Type | Multi-Family/Apartments |
| Property SubType | Duplex |
| New Construction | No |
| Type | Duplex |
| Year Taxes Payable | 2024 |
| Year Built | 1915 |
| Days on Market | 218 |
| Zoning | Multi |
| Construction | Duplex |
|---|---|
| Lot Size | 5,097 sq ft |
| Acreage | 0.12 Acres |
| Fence | Full |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | Columbia Place |
| Township | Washington |
| City | Indianapolis |
| State | IN |
| Zip | 46208 |
| School District | Indianapolis Public Schools |
|---|---|
| Elementary | James Whitcomb Riley School 43 |
| Middle School | James Whitcomb Riley School 43 |
| High School | George Washington High School |
| Assoc. Dues | $0.00 |
|---|
MLS# 22032052
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Chris Price
Keller Williams Indy Metro S
chris@kwtips.com
Listing updated November 21, 2025 at 8:55 am
Last checked 7 minutes ago
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