415 W 39th St

Indianapolis, IN 46208

$197,500
Price
4
Beds
2,203 Sq. Ft.
$90 / Sq. Ft.
2,203
Sq. Ft.
$90
per Sq. Ft.
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Description

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,...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!

Property Details for 415 West 39th Street

Architectural Style
Traditional
Subdivision Name
H E & A Phelps
Township
Washington
LISTING UPDATED: 04/24/2026 01:01 PM

Property Details for 415 West 39th Street

StatusActive
MLS #22068832
Days on Market213
Taxes$2,225 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1907
Lot Size0.08 AC / 3,484 SF
CountyMarion County
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Location

Listing Courtesy of No Limit Real Estate, LLC
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Building Information for 415 West 39th Street

Stories-Year Built1907Building Size-Lot Size0.08 AC / 3,484 SF

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$1,355 per month

30 year fixed, 6.36% Interest

Principal and Interest

$984

Property Taxes

$371

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 415 West 39th Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46208
  • Postal Code Plus4: 3924
  • State Or Province: IN
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 490614157020000801
  • Semi Annual Property Tax Amt: 2225
  • Tax Year: 2024
  • TaxLot: 49-06-14-157-020.000-801
School Information
  • School District: Indianapolis Public Schools
Parking
  • Garage YN: No
Property
Lot Information
  • Acreage: <1/4 Acre
  • Lot Size Square Feet: 3615.0
  • Lot Size Acres: 0.08
  • Main Level SqFt: 1003
  • New Construction: False
  • Living SqFt: 600.0
  • Sqft Total: 1603.0
  • Sq Ft Total: 2203.0
  • Year Built Numeric: 1907
  • Below Grade Finished Area: 78.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: Yes
  • Legal Subdivision: H E & A Phelps Sub Ex 1391/2Ft E End Ex 38Ft Wend L9 H E & A Phelps Sub Ex 1391/2Fte End Ex 38Ft W End L10
  • Photos Count: 38
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
Utilities
  • Solid Waste: Yes
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding
  • Foundation Details: Block
  • Horse Amenities: None
Interior Features
  • Accessibility Features: No
  • Appliances: None, Gas Water Heater
  • Basement YN: Yes
  • Cooling: Central Air
  • Eating Area: Formal Dining Room
  • Fireplaces Total: 0
  • Heating: Forced Air, Natural Gas
  • Levels: Two
  • Additional Equipment: None
  • Room List: Bedroom 3, Dining Room, Bedroom 4, Kitchen, Living Room, Primary Bedroom, Bedroom 2
  • Room and Features: Bedroom 3-Upper, Dining Room-Main, Bedroom 4-Upper, Kitchen-Main, Living Room-Main, Primary Bedroom-Main, Bedroom 2-Upper
  • Main Level Bedrooms: 1
  • Num Bedrooms Upper: 3
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 7
  • Rooms Total MU: 7
  • Total Rooms: 7
Room 1
  • Room Level: Upper
  • Room Dimensions: 11x10
  • Room Type: Bedroom 3
Room 2
  • Room Level: Main
  • Room Dimensions: 11x11
  • Room Type: Dining Room
Room 3
  • Room Level: Upper
  • Room Dimensions: 11x10
  • Room Type: Bedroom 4
Room 4
  • Room Level: Main
  • Room Dimensions: 11x11
  • Room Type: Kitchen
Room 5
  • Room Level: Main
  • Room Dimensions: 14x12
  • Room Type: Living Room
Room 6
  • Room Level: Main
  • Room Dimensions: 12x12
  • Room Type: Primary Bedroom
Room 7
  • Room Level: Upper
  • Room Dimensions: 12x11
  • Room Type: Bedroom 2
Bathrooms
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Count: 2
  • Full Baths Basement: 0
  • Full Baths Main: 1
  • Full Baths MU: 2
  • Full Baths Upper: 1
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 4
  • Bedrooms MU: 4
  • Bedrooms Total: 4

Property History for 415 West 39th Street

DateEvent & SourcePriceAppreciation
Nov 14, 2025

Price Change

MIBORMLS #22068832

$197,500—
Oct 22, 2025

Listed (Active)

MIBORMLS #22068832

$199,900—
Dec 21, 2011

Sold (Public Record)

Public Record #323308035

$92,500

+8288.5% / yr

DateEvent & SourcePrice
11/14/2025

Price Change

MIBORMLS #22068832

$197,500
10/22/2025

Listed (Active)

MIBORMLS #22068832

$199,900
12/21/2011

Sold (Public Record)

Public Record #323308035

$92,500

+8288.5% / yr

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

Public Records for 415 West 39th Street

Taxable ValueLand$5,900Additions$181,600Total$187,500
Tax Record2024$4,449 ($371 / month)
Home Facts
Beds2Total Finished SqFt1,603 SqFtAbove Grade Finished SqFt1,603 SqFtStories2Lot Size3,615 SqFtStyleSingle Family ResidenceYear Built1907CountyMARIONAPN49-06-14-157-020.000-801

Schools near 415 West 39th Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Robert Lee Frost School 106
Public - PK to 5
Charles Warren Fairbanks School 105
Public - PK to 5
James Whitcomb Riley School 43
Public - PK to 5
Louis B. Russell Jr. School 48
Charter - PK to 6
Rating
School
Distance
Robert Lee Frost School 106
PublicPK to 5

Charles Warren Fairbanks School 105
PublicPK to 5

James Whitcomb Riley School 43
PublicPK to 5

Louis B. Russell Jr. School 48
CharterPK to 6

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.

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More information about 415 West 39th Street, Indianapolis, IN 46208

415 West 39th Street is a single family home for sale in Indianapolis, IN 46208. This property was listed for sale on October 22, 2025 by No Limit Real Estate, LLC, it's currently listed at $197,500. It has been on the market for a total of 213 days and was last sold on December 21, 2011. This listing's school district is Indianapolis Public Schools. Nearby schools include Robert Lee Frost School 106, Charles Warren Fairbanks School 105 and James Whitcomb Riley School 43. 415 West 39th Street is a 4-bed, 2-bath, 2,203 sqft single family home built in 1907.

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 No Limit Real Estate, LLC

Based on information submitted to the MLS GRID as of 04/24/2026 01:01 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.