415 W 39th ST, Indianapolis, IN 46208 – 22068832

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Jake Stiles, CLHMS

jake@cbstiles.com +1(317) 201-4092

Listed by Charlene Gaard • No Limit Real Estate, LLC

$197,500

Est. payment - /mo

4 Beds

2 Baths

2,203 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,203 sqft

Price per Sqft $89

Subdivision H E & A Phelps

MLS Listing ID 22068832

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1907

Tax Year 2024

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Single Family Residence

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!

Location

State IN

County Marion

Rooms

Main Level Bedrooms 1

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Equipment None

Fireplace Y

Appliance None, Gas Water Heater

Building

Story Two

Foundation Block

Water Public

Architectural Style Traditional

Structure Type Wood Siding

New Construction false

Schools

School District Indianapolis Public Schools

Read Less Info

NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES

Elementary Schools 20

10

Merle Sidener Gifted Academy

Public | 2 - 8
9

Center for Inquiry II

Public | KG - 8
6

Rousseau Mc Clellan 91

Public | KG - 8
5

Crooked Creek Elementary School

Public | KG - 5
4

Fox Hill Elementary School

Public | KG - 5
3

William a Bell School 60 Reggio Academy

Public | PK - 3
3

Mary E Nicholson School 70

Public | KG - 5
2

Riverside School 44

Public | PK - 6
2

Indiana School for the Deaf

Public | PK - 12
1

Cold Spring School

Public | KG - 6
1

Wendell Phillips School 63

Public | KG - 6
1

Elder W Diggs School 42

Public | PK - 6
1

James Whitcomb Riley School 43

Public | KG - 8
1

Louis B Russell Jr School 48

Public | PK - 6
1

Francis Parker Montessori School 56

Public | PK - 8
1

IPS Butler University Laboratory School 55

Public | PK - 8
1

Joyce Kilmer School 69

Public | KG - 6
0

Purpose of Life Academy

Private | PK - KG
0

School of Knowledge

Private | PK - 12
0

The Childrens House

Private | PK - 8

Middle Schools 6

0

Basic Preparatory Academy

Private | 7 - 12
0

Crispus Attucks Med Mgnt Jr High School

Public | 6 - 8
0

Carpe Diem - Meridian Campus

Public | 6 - 12
0

Shortridge Law & Pub Pol Mag Jr High School

Public | 6 - 8
0

Indiana Virtual School

Public | 6 - 12
0

Broad Ripple Mgnt Jr High School-Prfm Arts

Public | 6 - 8

High Schools 5

10

Herron High School

Public | 9 - 12
5

Crispus Attucks Medical Magnet High School

Public | 9 - 12
4

Shortridge Law & Public Plcy Mg High School

Public | 9 - 12
1

Broad Ripple Mgnt High School for Prfm Arts

Public | 9 - 12
0

Bishop Chatard High School

Private | 9 - 12

School and business data provided by Attom Data.

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Jake Stiles, CLHMS

+1(317) 201-4092

Broker | RB14032222

Broker RB14032222

QUICK SEARCHES - SCHOOL DISTRICTS

415 W 39th ST Indianapolis, IN 46208

Jake Stiles, CLHMS

Key Details

Location

Rooms

Interior

Building

Schools

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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415 W 39th ST