Residential > Multi-family
Pending
03/03/2023
List Price
$250,000
417 39th St
Indianapolis, IN 46208
- 2Beds
- 3Baths
- 1,445ft²Living Area
- 3,920ft²Lot Size
- -Pool
- -Car
- 1905Year Built
- 11DOM
- 4Permits
417 39th St, Indianapolis, IN 46208 is a 2 bed, 3 bath, 1,445 ft² multi-family home house built in 1905 on a 0.090 acre lot with 4 construction permits. This multi-family home is currently pending, and it was last sold in 2023 for $225,000. The latest TopHap estimate of the multi-family home's value is $258,500.
Property Valuations
Latest estimates for 417 39th St based on TopHap automated valuation model (AVM).
TopHap Estimate
$258,500
$178/ft²
+$9K above List Price
Updated 10 months ago
417 39th St is valued at $258,500 by TopHap AVM 10 months ago.
MLS Description
The listing agent's description. Original Listing
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.
Listing Agents
The listing agent for 417 39th St is Peter Stewart.
PS
Peter Stewart
Keller Williams Indpls Metro N
License: RB15000083
Phone: (317) 846-6300
Permits
417 39th St has 4 permit records.
Permit History
4
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$6,089.12From latest Total Assessed Value2.37%Total Assessed Value$256,600=Land+
Assessed Value$6,200Additions
Assessed Value$250,400
In 2024, taxes billed for 417 39th St were $6,089.12, which is 2.37% from latest Total Assessed Value of $256,600.
Property History
417 39th St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 417 39th St
Hazard Risks
Tornado197Wind116Carb Mono107Hail107Weather104Ozone102Air Pollution102Nat'l Avg100Lead91Particulates89Earthquake39Hurricane27
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 417 39th St.
Walkability Index
11 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
417 39th St has a walkability score of 11 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
21°F
High
38°F
Summer
Average
Low
62°F
High
84°F
In the winter at 417 39th St, temperatures range from 20.95°F to 37.91°F with an average of 29.43°F. In the summer, the temperature ranges from 62.02°F to 83.95°F with and average of 72.99°F.
School Information
Public/private schools serving 417 39th St
Public Schools
Center For Inquiry School 84
Grades: KG-8
2.29 mi
A+
Rousseau McClellan Montessori School 91
Grades: PK-8
2.53 mi
D
Shortridge High School
Grades: 9-12
0.82 mi
C
George Washington High School
Grades: 9-12
4.56 mi
F
IPS Butler University Laboratory School 60
Grades: PK-8
0.90 mi
C-
James W. Riley Elementary School 43
Grades: PK-8
0.35 mi
F
Francis Bellamy Pre-School Center 102
Grades: PK-PK
8.83 mi
Crispus Attucks High School
Grades: 9-12
3.00 mi
F
Arsenal Technical High School
Grades: 9-12
3.84 mi
F
Purdue Polytechnic High School
Grades: 9-12
4.64 mi
C+
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 417 39th St have ratings undefined, undefined, undefined, undefined, undefined, undefined, undefined, undefined, undefined, and undefined.
Neighborhood
This property is located in Butler Tarkington Rocky Ripple, Indianapolis, IN 46208.
Seasonal Housing units 46208
1%of housing is for seasonal rent.
Daytime Population for 46208
+10%of people during work hours.
Crime Index for 46208
121
121
The crime index in 46208 is 121, which is 1.2 times higher than national average.
Market Trends
Historical market data near 417 39th St over selected time period.
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