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Kade Koch

kade@kadekochrealty.com +1(317) 697-7953

Listed by Peter Stewart • Keller Williams Indpls Metro N

$ 250,000

Est. payment -/mo

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Active

417 W 39th ST Indianapolis, IN 46208

3,920 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision H E & A Phelps

MLS Listing ID 22076948

Year Built 1905

Tax Year 2024

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Duplex

Property Description

INVESTOR ALERT! Located in the highly regarded Butler Tarkington neighborhood, 417-419 W 39th St presents a true turnkey duplex opportunity in one of Indianapolis' most stable yet appreciating submarkets. This well-maintained property features two strong rental units: the 417 side is a 2BR/1BA with 1,195 sq ft leased at $1,050/month through 3/31/26, while the 419 side offers a larger 3BR/2BA layout with 1,375 sq ft leased at $1,400/month through 4/30/26, plus a $25/month pet fee. Electricity is separately metered and paid by tenants, and water is shared with each unit reimbursing the owner a flat $65/month, supporting efficient operating expenses. The property is in good overall condition and benefits from a new roof, providing peace of mind for the next owner. Situated just steps from local favorites like Chilly Water Tap Room and Hoagies & Hops, and within walking distance to Tarkington Park and the Red Line bus stop, this location offers excellent tenant appeal. Butler University's picturesque campus, Hinkle Fieldhouse, and Clowes Hall anchor the neighborhood, while proximity to Meridian St and 38th St provides quick access throughout the city. Major destinations-including the Art Museum, Children's Museum, State Fairgrounds, Monon Trail, Broad Ripple, and downtown Indy-are all within 10-20 minutes. Currently professionally managed by Triple E Property Management, with the option to continue services for a seamless transition, this is an ideal acquisition for investors seeking immediate cash flow, long-term stability, and upside appreciation in a proven Indianapolis neighborhood.

Location

State IN

County Marion

Interior

Fireplace N

Exterior

View Y/N false

Building

Story Two

Foundation Block

Architectural Style Traditional

Structure Type Vinyl Siding

New Construction false

Schools

School District Indianapolis Public Schools

SCHOOLSPROPERTIES

Elementary Schools 20

10

Merle Sidener Gifted Academy

Public | 2 - 8
9

Center for Inquiry II

Public | KG - 8
6

Rousseau Mc Clellan 91

Public | KG - 8
5

Crooked Creek Elementary School

Public | KG - 5
4

Fox Hill Elementary School

Public | KG - 5
3

William a Bell School 60 Reggio Academy

Public | PK - 3
3

Mary E Nicholson School 70

Public | KG - 5
2

Riverside School 44

Public | PK - 6
2

Indiana School for the Deaf

Public | PK - 12
1

Cold Spring School

Public | KG - 6
1

Wendell Phillips School 63

Public | KG - 6
1

Elder W Diggs School 42

Public | PK - 6
1

James Whitcomb Riley School 43

Public | KG - 8
1

Louis B Russell Jr School 48

Public | PK - 6
1

Francis Parker Montessori School 56

Public | PK - 8
1

IPS Butler University Laboratory School 55

Public | PK - 8
1

Joyce Kilmer School 69

Public | KG - 6
0

Purpose of Life Academy

Private | PK - KG
0

School of Knowledge

Private | PK - 12
0

The Childrens House

Private | PK - 8

Middle Schools 6

0

Basic Preparatory Academy

Private | 7 - 12
0

Crispus Attucks Med Mgnt Jr High School

Public | 6 - 8
0

Carpe Diem - Meridian Campus

Public | 6 - 12
0

Shortridge Law & Pub Pol Mag Jr High School

Public | 6 - 8
0

Indiana Virtual School

Public | 6 - 12
0

Broad Ripple Mgnt Jr High School-Prfm Arts

Public | 6 - 8

High Schools 5

10

Herron High School

Public | 9 - 12
5

Crispus Attucks Medical Magnet High School

Public | 9 - 12
4

Shortridge Law & Public Plcy Mg High School

Public | 9 - 12
1

Broad Ripple Mgnt High School for Prfm Arts

Public | 9 - 12
0

Bishop Chatard High School

Private | 9 - 12

School and business data provided by Attom Data.

Kade Koch

Broker Associate

+1(317) 697-7953

Kade Koch

417 W 39th ST Indianapolis, IN 46208

Key Details

Location

Interior

Exterior

Building

Schools

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417 W 39th ST