ATTENTION INVESTORS: Duplex opportunity in the sought-after Butler-Tarkington neighborhood on a large corner lot! This property lives like a single-family home with private entrances on each corner. Located near Butler University, Crown Hill Park, and a handful of other restaurants. One unit is currently leased at $950/month through 08/31/26, while the second unit is vacant and move-in ready; perfect for the next house hacker or new tenant! Rentometer estimates market rent around $1,200/month.
Fantastic Duplex in South Butler Tarkington. Recently updated with tons of space. Don't miss this one!
MIBOR as Distributed by MLS Grid #21569575
May 25, 2018
Listed
$1,100,000
$498/sq ft
MIBOR as Distributed by MLS Grid #21057818
Dec 30, 2010
Listing Removed
—
Nov 18, 2010
Listed
$49,900
$23/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,519 (+19.2%)
$21,800 + $206,900
$228,700
2024
$4,629 (−8.9%)
$21,800 + $168,700
$190,500
2023
$5,082 (+10.0%)
$21,800 + $168,700
$190,500
2022
$4,619 (+21.2%)
$21,800 + $187,700
$209,500
2021
$3,811 (+8.6%)
$10,100 + $150,300
$160,400
2020
$3,509 (+8.3%)
$10,100 + $150,300
$160,400
2019
$3,239 (+7.0%)
$10,100 + $136,800
$146,900
2018
$3,027 (+7.9%)
$10,100 + $122,700
$132,800
2017
$2,805 (+2.3%)
$4,200 + $123,300
$127,500
2016
$2,743 (+6.2%)
$4,200 + $123,300
$127,500
2015
$2,582 (+3.3%)
$4,200 + $123,300
$127,500
2014
$2,499 (+11.0%)
$4,200 + $112,700
$116,900
2013
$2,252
$4,200 + $111,100
$115,300
Tax history for 4002 Rookwood Ave
Year
Property tax
Land + Additions
Assessment*
2025
$5,519 (+19.2%)
$21,800 + $206,900
$228,700
2024
$4,629 (−8.9%)
$21,800 + $168,700
$190,500
2023
$5,082 (+10.0%)
$21,800 + $168,700
$190,500
2022
$4,619 (+21.2%)
$21,800 + $187,700
$209,500
2021
$3,811 (+8.6%)
$10,100 + $150,300
$160,400
2020
$3,509 (+8.3%)
$10,100 + $150,300
$160,400
2019
$3,239 (+7.0%)
$10,100 + $136,800
$146,900
2018
$3,027 (+7.9%)
$10,100 + $122,700
$132,800
2017
$2,805 (+2.3%)
$4,200 + $123,300
$127,500
2016
$2,743 (+6.2%)
$4,200 + $123,300
$127,500
2015
$2,582 (+3.3%)
$4,200 + $123,300
$127,500
2014
$2,499 (+11.0%)
$4,200 + $112,700
$116,900
2013
$2,252
$4,200 + $111,100
$115,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
0.5
Stories
2
Lot width
40 ft.
Lot depth
125 ft.
Lot size
5,001 Sq. Ft.
Year renovated
1950
Sq. Ft.
1,104
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Marion County
APN
490614125075000801
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 19, 2026.
D5
AIRSPACE SECONDARY ZONING DISTRICT
COMPACT
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.
Zone overlays
Airspace Secondary Zoning District
Compact Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space
Feb 26, 2024 • Final
Right of way permit-excavation
Grading
Jan 28, 2004 • Final
Right of way permit-excavation
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Unit Parking: Covered,Other
Carport Spaces: 1
Interior
Laundry Room Information
Laundry Features: Connections All
Basement Information
Has Basement
Heating & Cooling
Heating Information: Heat Pump
Cooling Information: Window Unit(s)
Multi-Family Financial Information
Gross Income: 25800
Expenses: 0
Multi-Unit Information
# of Units: 2
Unit Type 1 Information
Kitchen: 250
Levels: 2
Rent: 0
Rent Frequency: Monthly
Unit Type: 2 Bedroom
Unit Type 2 Information
Kitchen: 250
Levels: 2
Rent: 950
Rent Frequency: Monthly
Unit Type: 2 Bedroom
Exterior
Exterior Features
Roof: Shingle
Property Features
Conversion: No
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Land Information
Current Use: See Remarks
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.12
Road Access: Not Applic
Utilities
Utility Information
Solid Waste Information: No
Building Utilities: Municipal Storm Connected
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: GPS Friendly
Tax Legal Description: Culver Riggs & Lynns Sub L139
Community Information
Low Maintenance Lifestyle YN: No
Public facts
Beds: 2
Baths: 0.5
Sq. Ft.: 1,104
Stories: 2.0
Lot Size: 5,001 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: 1950
County: Marion County
APN: 490614125075000801
Home facts updated by county records on Oct 19, 2026
Other
Home Information
Levels: Two
Around this home
Schools
K - 12
Preschool & daycare
James Whitcomb Riley School 43
Public PreK-5 • Assigned • 0.4mi
4/10
Cold Spring School
Public K-8 • Assigned • 1.9mi
7/10
Shortridge High School
Public 9-12 • Assigned • 1.0mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 19 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46208
Average low and high temperatures (°F)
32°
18°
42°
26°
60°
40°
68°
49°
71°
54°
83°
66°
88°
71°
83°
65°
82°
59°
69°
49°
54°
39°
42°
28°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.6 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$224,000 – $271,000
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