4002 Rookwood Ave

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Baths
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Sq. Ft.
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per Sq. Ft.

Description

ATTENTION INVESTORS: Duplex opportunity in the sought-after Butler-Tarkington neighborhood on a large corner lot! This property lives like a single-family home with private entrances on each corner. Located near Butler University, Crown Hill Park, and a handful of other restaurants. One unit is currently leased at $950/month through 08/31/26, while the second unit is vacant and move-in ready; perfect for the next house hacker or new tenant! Rentometer estimates market rent around $1,200/month.ATTENTION INVESTORS: Duplex opportunity in the sought-after Butler-Tarkington neighborhood on a large corner lot! This property lives like a single-family home with private entrances on each corner. Located near Butler University, Crown Hill Park, and a handful of other restaurants. One unit is currently leased at $950/month through 08/31/26, while the second unit is vacant and move-in ready; perfect for the next house hacker or new tenant! Rentometer estimates market rent around $1,200/month.
  1. Listed by Morgan Thompson • Berkley & State, LLC

Property Details for 4002 Rookwood Avenue

Subdivision Name
Butler Tarkington
Township
Washington

Open Houses

Thursday, Jan 29th

3:00 PM - 4:30 PM

Public

LISTING UPDATED: 01/26/2026 08:23 PM

Property Details for 4002 Rookwood Avenue

StatusActive
MLS #22081397
Days on Market4
Taxes$2,260 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1920
Lot Size0.12 AC / 5,227 SF
CountyMarion County

Location

Listing Courtesy of Berkley & State, LLC
Add your commute

Building Information for 4002 Rookwood Avenue

Stories-Residences2Year Built1920Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$1,473 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,097

Property Taxes

$377

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4002 Rookwood Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46208
  • Postal Code Plus4: 3840
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490614125075000801
  • Semi Annual Property Tax Amt: 2260
  • Tax Year: 2024
  • TaxLot: 8021878
School Information
  • School District: Indianapolis Public Schools
Parking
  • Carport Spaces: 1.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: See Remarks
  • Lot Size Square Feet: 5009.0
  • Lot Size Acres: 0.12
  • New Construction: False
  • Year Built Numeric: 1920
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Culver Riggs & Lynns Sub L139
  • Photos Count: 25
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Utilities
  • Building Utilities: Municipal Storm Connected
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
Interior Features
  • Basement YN: Yes
  • Cooling: Window Unit(s)
  • Heating: Heat Pump
  • Levels: Two
  • Laundry Features: Connections All
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: Covered, Other
Income & Expenses
  • Expenses: 0
  • Gross Income: $25,800.00
Unit 1
  • Unit Kitchen: 250
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 250
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 4002 Rookwood Avenue

DateEvent & SourcePriceAppreciation
Jan 23, 2026

Listed (Active)

MIBORMLS #22081397

$225,000—
Nov 22, 2021

Sold

MIBORMLS #21812706

$150,000—
Nov 19, 2021

Sold (Public Record)

Public Record #1504979497

$150,000

+14.9% / yr

Oct 5, 2021

Pending

MIBORMLS #21812706

—
Sep 14, 2021

Listed (Active)

MIBORMLS #21812706

$157,000—
Sep 13, 2021

Pending

MIBORMLS #21812706

—
Sep 13, 2021

Listed (Active)

MIBORMLS #21812706

$157,000—
Jul 11, 2018

Expired

MIBORMLS #21569575

—
May 25, 2018

Listed (Active)

MIBORMLS #21569575

$1,100,000—
Dec 30, 2010

Sold (Public Record)

Public Record #304448589

$33,000—
Dec 30, 2010

Sold

MIBORMLS #21057818

$33,000—
Dec 18, 2010

Pending

MIBORMLS #21057818

—
Nov 18, 2010

Listed (Active)

MIBORMLS #21057818

$49,900—
DateEvent & SourcePrice
01/23/2026

Listed (Active)

MIBORMLS #22081397

$225,000
11/22/2021

Sold

MIBORMLS #21812706

$150,000
11/19/2021

Sold (Public Record)

Public Record #1504979497

$150,000

+14.9% / yr

10/05/2021

Pending

MIBORMLS #21812706

—
09/14/2021

Listed (Active)

MIBORMLS #21812706

$157,000
09/13/2021

Pending

MIBORMLS #21812706

—
09/13/2021

Listed (Active)

MIBORMLS #21812706

$157,000
07/11/2018

Expired

MIBORMLS #21569575

—
05/25/2018

Listed (Active)

MIBORMLS #21569575

$1,100,000
12/30/2010

Sold (Public Record)

Public Record #304448589

$33,000
12/30/2010

Sold

MIBORMLS #21057818

$33,000
12/18/2010

Pending

MIBORMLS #21057818

—
11/18/2010

Listed (Active)

MIBORMLS #21057818

$49,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4002 Rookwood Avenue

Taxable ValueLand$21,800Additions$168,700Total$190,500
Tax Record2024$4,521 ($377 / month)
Home Facts
Baths0.5Total Finished SqFt1,104 SqFtAbove Grade Finished SqFt1,104 SqFtStories2Lot Size5,009 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920Year Renovated1950CountyMARIONAPN49-06-14-125-075.000-801Fireplace TypeMasonry

Schools near 4002 Rookwood Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Charter - PK to 6
Public - PK to 6
Public - PK to 6
Public - PK to 8
Rating
School
Distance
Louis B. Russell Jr. School 48
CharterPK to 6

Robert Lee Frost School 106
PublicPK to 6

Charles Warren Fairbanks School 105
PublicPK to 6

James Whitcomb Riley School 43
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4002 Rookwood Avenue is a multi-family home for sale in Indianapolis, IN 46208. This property was listed for sale on January 23, 2026 by Berkley & State, LLC, it's currently listed at $225,000. It has been on the market for a total of 4 days and was last sold on November 22, 2021. This listing's school district is Indianapolis Public Schools. Nearby schools include Louis B. Russell Jr. School 48, Robert Lee Frost School 106 and Charles Warren Fairbanks School 105. 4002 Rookwood Avenue is a 0-bed, 0-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkley & State, LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/27/2026 02:37 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.