Lori Davis Smith
Highgarden Real Estate
(833) 341-7685
135 Total Sales
5 in Butler-Tarkington/Rocky Ripple
$116K - $465K Price Range
505 W 40th St Indianapolis, IN 46208
Butler-Tarkington/Rocky Ripple Neighborhood
6
Beds
1
Bath
--
Sq Ft
5,097
Sq Ft Lot
Highlights
- City View
- Corner Lot
- 2 Car Detached Garage
- Mature Trees
About This Home
As of July 2026Incredibly 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!
Last Agent to Sell the Property
Keller Williams Indy Metro Partners Brokerage Email: chris@kwtips.com License #RB14030267 Listed on: 04/25/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,944
Year Built
- Built in 1915
Lot Details
- 5,097 Sq Ft Lot
- Corner Lot
- Mature Trees
Parking
- 2 Car Detached Garage
Property Views
- City
- Woods
- Neighborhood
Home Design
- Duplex
Bedrooms and Bathrooms
- 6 Bedrooms
- 1 Bathroom
Schools
- James Whitcomb Riley School 43 Elementary And Middle School
- George Washington High School
Additional Features
- 2-Story Property
- City Lot
- Basement
Community Details
- Columbia Place Subdivision
Listing and Financial Details
- Tax Lot 30
- Assessor Parcel Number 490614152019000801
- Seller Concessions Not Offered
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 24, 2025
Sold by
Sheriff Of Marion County State Of Indian
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Butler-Tarkington/Rocky Ripple, IN
-
Lori Davis Smith
-
Jon Bell
Jon Bell
@properties
(888) 459-0467
203 Total Sales
1 in Butler-Tarkington/Rocky Ripple
$353,000 Price
-
Sean Carney
Sean Carney
F.C. Tucker Company
(463) 210-1594
62 Total Sales
4 in Butler-Tarkington/Rocky Ripple
$40K - $190K Price Range
-
Lora Reynolds
Lora Reynolds
Responds QuicklyEpique Inc
(833) 611-1458
697 Total Sales
2 in Butler-Tarkington/Rocky Ripple
$260K - $315K Price Range
-
Emily Dyer Humphrey
Emily Dyer Humphrey
Carpenter, REALTORS®
(888) 483-6537
136 Total Sales
4 in Butler-Tarkington/Rocky Ripple
$320K - $515K Price Range
-
Nathan Baurley
Nathan Baurley
T&H Realty Services, Inc.
(855) 680-0506
108 Total Sales
1 in Butler-Tarkington/Rocky Ripple
$700,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $257,801 | None Listed On Document |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $183,000 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/27/2026 07/27/26 | Sold | $150,000 | 0.0% | -- |
| 06/25/2026 06/25/26 | Pending | -- | -- | -- |
| 06/10/2026 06/10/26 | Price Changed | $150,000 | -14.3% | -- |
| 04/15/2026 04/15/26 | Price Changed | $175,000 | -10.3% | -- |
| 11/21/2025 11/21/25 | For Sale | $195,000 | +30.0% | -- |
| 11/20/2025 11/20/25 | Off Market | $150,000 | -- | -- |
| 11/14/2025 11/14/25 | Price Changed | $195,000 | -4.9% | -- |
| 09/11/2025 09/11/25 | Price Changed | $205,000 | -8.9% | -- |
| 07/29/2025 07/29/25 | For Sale | $225,000 | +50.0% | -- |
| 07/23/2025 07/23/25 | Off Market | $150,000 | -- | -- |
| 07/08/2025 07/08/25 | Price Changed | $225,000 | -10.0% | -- |
| 04/25/2025 04/25/25 | For Sale | $250,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $4,149 | $183,600 | $20,300 | $163,300 |
| 2024 | $5,095 | $216,600 | $20,300 | $196,300 |
| 2023 | $5,095 | $216,600 | $20,300 | $196,300 |
| 2022 | $4,261 | $216,600 | $20,300 | $196,300 |
| 2021 | $2,559 | $143,200 | $4,300 | $138,900 |
| 2020 | $1,872 | $125,700 | $4,300 | $121,400 |
| 2019 | $1,902 | $125,700 | $4,300 | $121,400 |
| 2018 | $2,423 | $151,700 | $4,300 | $147,400 |
| 2017 | $1,926 | $139,400 | $4,300 | $135,100 |
| 2016 | $1,794 | $134,000 | $4,300 | $129,700 |
| 2014 | $1,684 | $127,700 | $4,300 | $123,400 |
| 2013 | $1,748 | $127,700 | $4,300 | $123,400 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Price
Seller's Agent in 2026
Chris Price
Keller Williams Indy Metro Partners
(317) 886-8477
2 in this area
504 Total Sales
-
Gabriel Long
GL
Buyer's Agent in 2026
Gabriel Long
eXp Realty, LLC
(317) 457-5943
1 in this area
13 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22032052
APN: 49-06-14-152-019.000-801
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.
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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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