415 W 39th Street, Indianapolis, IN 46208

• 4 beds |
• 2 baths |
• 1,681 sqft

Property 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, 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!

Listing Status:

Active

Listing Office:

No Limit Real Estate, LLC : 317-440-2149

Listing Agent:

Charlene Gaard : 317-440-2149

MLS ID:

22068832

Interior

• Appliances: NoneGas Water Heater
• A/C: Central Air
• Heating: Forced AirNatural Gas
• Fireplace: Fireplaces: 0

Exterior

• Style: Traditional
• Other Structures: Covered
• Parking: None

Construction

• General: TwoBlock

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: 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 L10490614157020000801

Utilities

• Water: Public

Financial

• Source: mibor

This listing courtesy of Charlene Gaard, No Limit Real Estate, LLC