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Listed by Charlene Gaard • No Limit Real Estate, LLC
$199,900
Est. payment /mo
4 Beds
2 Baths
2,203 SqFt
New
415 W 39th ST Indianapolis, IN 46208
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,203 sqft
Price per Sqft $90
Subdivision H E & A Phelps
MLS Listing ID 22068832
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1907
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Single Family Residence
Property Description
Investor special near downtown Indy! This charming 4-bedroom, 2-bath home is perfectly positioned for strong rental income potential. Located just minutes from Butler University, IUPUI, and some of Indiana's top medical centers including IU Health Methodist, Eskenazi Health, and Riley Hospital for Children, this property is ideal for student housing, group rentals, or traveling healthcare professionals. With 1,681 sq ft of finished living space across two levels and a full, 600 sq ft unfinished basement, this home offers immediate cash flow opportunity with long-term value-add potential. The main level features a primary bedroom with full bath, a spacious living room, formal dining area, and eat-in kitchen-perfect for shared living. Upstairs, three generously sized bedrooms share a full bath, offering flexible space for tenants or guests. Originally built in 1907, this Traditional American-style home still boasts its original charm while providing the bones and layout modern renters seek. Outside, enjoy a covered front porch, a compact lot that's easy to maintain, and no HOA to restrict your investment plans. Utility connections include municipal water and sewer, gas heat, and central air conditioning. New roof and exterior paint in 2025! Located in the growing Washington Township area, this property is minutes from downtown Indy's dining and nightlife, the art and culture of Newfields and the Indianapolis Museum of Art, the scenic Riverside Park, and the tech-forward energy of the 16 Tech Innovation District. With increasing rental demand in the area and a lack of quality rental inventory nearby, this is a smart buy for investors seeking passive income or a value-driven flip. Don't miss this prime opportunity in an up-and-coming corridor. With excellent location, flexible layout, and tons of upside, 415 W 39th St is your next winning investment!
Location
State IN
County Marion
Rooms
Main Level Bedrooms 1
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Equipment None
Fireplace Y
Appliance None, Gas Water Heater
Building
Story Two
Foundation Block
Water Public
Architectural Style Traditional
Structure Type Wood Siding
New Construction false
Schools
School District Indianapolis Public Schools
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