415 W 39th St Indianapolis, IN 46208
Butler-Tarkington/Rocky Ripple NeighborhoodEstimated payment $1,428/month
Highlights
- No HOA
- Forced Air Heating and Cooling System
- Carpet
- Formal Dining Room
- Wood Siding
About This Home
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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,450
Year Built
- Built in 1907
Lot Details
- 3,615 Sq Ft Lot
Home Design
- Block Foundation
- Wood Siding
Interior Spaces
- 2-Story Property
- Formal Dining Room
- Basement
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Community Details
- No Home Owners Association
- H E & A Phelps Subdivision
Listing and Financial Details
- Tax Lot 49-06-14-157-020.000-801
- Assessor Parcel Number 490614157020000801
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,738 | $187,500 | $5,900 | $181,600 |
| 2023 | $4,738 | $194,700 | $5,900 | $188,800 |
| 2022 | $4,628 | $193,700 | $5,900 | $187,800 |
| 2021 | $3,856 | $162,500 | $3,700 | $158,800 |
| 2020 | $3,581 | $150,100 | $3,700 | $146,400 |
| 2019 | $3,357 | $137,900 | $3,700 | $134,200 |
| 2018 | $3,184 | $129,500 | $3,700 | $125,800 |
| 2017 | $2,812 | $127,500 | $3,700 | $123,800 |
| 2016 | $2,151 | $98,500 | $3,700 | $94,800 |
| 2014 | $2,043 | $94,700 | $3,700 | $91,000 |
| 2013 | $1,966 | $94,700 | $3,700 | $91,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2025 10/22/25 | For Sale | $199,900 | -- | $119 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Integrity Title Services | |
| Special Warranty Deed | -- | None Available | |
| Sheriffs Deed | $34,793 | None Available | |
| Special Warranty Deed | $28,900 | None Available | |
| Sheriffs Deed | $144,481 | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $41,000 | Stand Alone First | |
| Previous Owner | $28,900 | New Conventional | |
| Previous Owner | $22,200 | Unknown | |
| Previous Owner | $125,800 | Adjustable Rate Mortgage/ARM |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22068832
APN: 49-06-14-157-020.000-801
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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