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Butler-Tarkington/Rocky Ripple Multifamily Homes & Duplexes for Sale

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  • /47

    $530,000

    • 5 Beds

    4652 N Kenwood Ave, Indianapolis, IN 46208

    This 3,100+ SF Butler-Tarkington duplex has been beautifully renovated and updated with all the modern conveniences while maintaining its historic charm. Both sides are currently rented to great tenants with timely payment histories with an annual gross rental income of $45,600. There are separate HVAC, electric, and water meters for each unit, plus each unit has its own dedicated, enclosed

    Agent Photo

    Elizabeth Ewbank

    Highgarden Real Estate

    (317) 699-4933

    4652 N Kenwood Ave, Indianapolis, IN 46208
  • /46

    $205,000

    • 6 Beds
    • 1 Bath

    505 W 40th St, Indianapolis, IN 46208

    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

    Chris Price Keller Williams Indy Metro S

    505 W 40th St, Indianapolis, IN 46208
  • /49

    $649,999

    • 7 Beds
    • 7 Baths

    4155 Graceland Ave, Indianapolis, IN 46208

    This unique quadruplex in Butler Tarkington offers character, functionality, and investment opportunity all in one. The main house is full of timeless charm, featuring two stunning wood staircases, original built in shelving, and spacious living areas. With 4 large bedrooms and 4 full bathrooms, there's plenty of room to spread out. The updated kitchen shines with brand new cabinets and

    Alexandria Heygood Highgarden Real Estate

    4155 Graceland Ave, Indianapolis, IN 46208

Why Live in Butler-Tarkington/Rocky Ripple

Butler-Tarkington/Rocky Ripple is a neighborhood known for its diverse range of home styles, including American FourSquare, bungalow, Folk Victorian, Cape Cod, Farmhouses, Tudors, Colonials, and craftsman houses, with prices varying widely. The area is safer than the national average, offering a sense of security for residents. The neighborhood hosts several annual events, such as the Rocky Ripple Festival at Hohlt Park and the Sausage Fest at St. Thomas Aquinas Church. Butler University significantly influences the community, providing access to cultural and sporting events at Clowes Memorial Hall and Hinkle Fieldhouse. Tarkington Park, renovated in 2017, is a major recreational hub with playgrounds, splash pads, and courts, and it hosts an annual Juneteenth celebration. Other parks like Black Park, Ramsey Park, and Alice Carter Park offer additional recreational options. The neighborhood is conveniently located 5 miles from downtown Indianapolis and is well-connected by major highways and public transportation, including IndyGo bus lines and the Rapid Transit Red Line. Local businesses and restaurants, such as Tea’s Me Community Café and Chatham Tap, add to the neighborhood's charm, while Kincaid’s Meat Market and Illinois Street Food Emporium cater to grocery needs. The area also features Crown Hill Cemetery and Butler University’s Holcomb Gardens for outdoor activities.

Home Trends in Butler-Tarkington/Rocky Ripple, IN

Housing Trends

Median Sale Price
$371,000
Median Single Family Sale Price
$377,025
Median Townhouse Sale Price
$275,000
Median 2 Bedroom Sale Price
$356,000
Median 1 Bedroom Sale Price
$148,825
Average Price Per Sq Ft
$198
Number of Homes for Sale
34
Last 12 months Home Sales
134
Months of Supply
3.00
Median List Price
$380,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
9%
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