417 W 39th St

Indianapolis, IN 46208

$250,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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...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.
  1. Listed by Peter Stewart • Keller Williams Indpls Metro N

Property Details for 417 West 39th Street

Architectural Style
Traditional
Subdivision Name
H E & A Phelps
Township
Washington
Waterfront
No
LISTING UPDATED: 01/05/2026 04:16 PM

Property Details for 417 West 39th Street

StatusActive
MLS #22076948
Days on Market15
Taxes$3,045 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1905
Lot Size0.09 AC / 3,920 SF
CountyMarion County

Location

Listing Courtesy of Keller Williams Indpls Metro N
Add your commute

Building Information for 417 West 39th Street

Stories-Residences2Year Built1905Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$1,726 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,218

Property Taxes

$508

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 417 West 39th Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46208
  • Postal Code Plus4: 3924
  • Road Access: Not Applic
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 490614157018000801
  • Semi Annual Property Tax Amt: 3045
  • Tax Exemption: None
  • Tax Year: 2024
  • TaxLot: 0
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: No Utilities
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Description: Sidewalks
  • Lot Size Square Feet: 3790.0
  • Lot Size Acres: 0.09
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1905
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: H E & A Phelps Sub 38'W End L9 L10
  • Photos Count: 23
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Web Link: http://www.417w39th.com
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • Fencing: Full, Privacy
Interior Features
  • Basement YN: Yes
  • Levels: Two
  • Multi Baths: 4
  • Multi Beds: 5
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 11x10
  • Unit Levels: 2
  • Unit Miscellaneous: Lndry Conn,Range/Oven
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 11x10
  • Unit Levels: 2
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigerator
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 417 West 39th Street

DateEvent & SourcePriceAppreciation
Dec 18, 2025

Listed (Active)

MIBORMLS #22076948

$250,000—
Mar 1, 2023

Sold

MIBORMLS #21899045

$225,000—
Feb 27, 2023

Sold (Public Record)

Public Record #1508808024

$225,000

+13.7% / yr

Jan 22, 2023

Pending

MIBORMLS #21899045

—
Jan 5, 2023

Listed (Active)

MIBORMLS #21899045

$235,000—
Nov 5, 2020

Sold

MIBORMLS #21729396

$167,000—
Nov 3, 2020

Sold (Public Record)

Public Record #683890405

$167,000

+3.7% / yr

Sep 22, 2020

Pending

MIBORMLS #21729396

—
Sep 8, 2020

Price Change

MIBORMLS #21729396

$185,000—
Aug 2, 2020

Listed (Active)

MIBORMLS #21729396

$199,900—
Jun 6, 2005

Sold (Public Record)

Public Record #241664089

$96,000—
May 31, 2004

Expired

MIBORMLS #2328065

—
May 30, 2003

Listed (Active)

MIBORMLS #2328065

$74,900—
Jan 25, 2001

Sold

MIBORMLS #2047205

$20,600—
Jan 2, 2001

Pending

MIBORMLS #2047205

—
Dec 8, 2000

Listed (Active)

MIBORMLS #2047205

$18,500—
DateEvent & SourcePrice
12/18/2025

Listed (Active)

MIBORMLS #22076948

$250,000
03/01/2023

Sold

MIBORMLS #21899045

$225,000
02/27/2023

Sold (Public Record)

Public Record #1508808024

$225,000

+13.7% / yr

01/22/2023

Pending

MIBORMLS #21899045

—
01/05/2023

Listed (Active)

MIBORMLS #21899045

$235,000
11/05/2020

Sold

MIBORMLS #21729396

$167,000
11/03/2020

Sold (Public Record)

Public Record #683890405

$167,000

+3.7% / yr

09/22/2020

Pending

MIBORMLS #21729396

—
09/08/2020

Price Change

MIBORMLS #21729396

$185,000
08/02/2020

Listed (Active)

MIBORMLS #21729396

$199,900
06/06/2005

Sold (Public Record)

Public Record #241664089

$96,000
05/31/2004

Expired

MIBORMLS #2328065

—
05/30/2003

Listed (Active)

MIBORMLS #2328065

$74,900
01/25/2001

Sold

MIBORMLS #2047205

$20,600
01/02/2001

Pending

MIBORMLS #2047205

—
12/08/2000

Listed (Active)

MIBORMLS #2047205

$18,500

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

Public Records for 417 West 39th Street

Taxable ValueLand$6,200Additions$250,400Total$256,600
Tax Record2024$6,089 ($507 / month)
Home Facts
Total Finished SqFt1,445 SqFtAbove Grade Finished SqFt1,445 SqFtStories2Lot Size3,790 SqFtStyleMulti-Family Dwelling (2-4)Year Built1905Year Renovated1955CountyMARIONAPN49-06-14-157-018.000-801

Schools near 417 West 39th Street

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

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More information about 417 West 39th Street, Indianapolis, IN 46208

417 West 39th Street is a multi-family home for sale in Indianapolis, IN 46208. This property was listed for sale on December 18, 2025 by Keller Williams Indpls Metro N, it's currently listed at $250,000. It has been on the market for a total of 15 days and was last sold on March 1, 2023. 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. 417 West 39th Street is a 0-bed, 0-bath, multi-family home built in 1905.

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 Keller Williams Indpls Metro N

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/17/2026 07:32 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.