417 West 39th Street

Off Market

417 West 39th Street

Indianapolis IN 46208

3790 sq. ft.

Duplex

Last sold for $205,000

Peter Stewart, last sold this property on 17 March 2026 after 88 days on market.

Overview

2ND CHANCE ALERT - BACK ON MARKET! 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.

Features

3790 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 417 West 39th Street is $165k.

Median value

$165k

Estimated value range

$50k - $600k

Median days on market

Estimated value trend

-8%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 417 West 39th Street

2026

Sold

$205,000

17 Mar 2026 by Peter Stewart, of Keller Williams Indpls Metro N

2024

Rented

Undisclosed

05 Mar 2024 by Triple E Realty, LLC

2023

Sold

$225,000

01 Mar 2023 by Tamela Howard, of Keller Williams Indy Metro W

Happy sellers in Indianapolis

92%

92% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 50 duplexes similar to 417 West 39th Street, have been sold.

This represents a 15% decrease in duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Indianapolis for a market analysis.

Summer Hudson

at Find A Lot To Love

(218 reviews)

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Andres Rodriguez

at Rodriguez Real Estate Group

(7 reviews)

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Nikita Crawford

at JNA REALTY LLC

4.8

(5 reviews)

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Terry Young

at Red Bridge Real Estate

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Nearby agents

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Summer Hudson

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