Phenomenal investor opportunity in the desirable Butler-Tarkington neighborhood, just steps from Butler University! Sale includes three parcels totaling approximately 0.34 acres. The primary parcel features a 2-story home with 2 bedrooms, 1.5 bathrooms, and an additional bonus room that can be used as a flex space, offering strong renovation or rental potential. Also included are two additional parcels, including an adjacent vacant lot at 4131 Clarendon Rd that adds significant upside and is considered buildable with utilities available. Convenient location and minutes to downtown Indianapolis.
*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
—
Stories
2
Lot width
40 ft.
Lot depth
125 ft.
Lot size
5,001 Sq. Ft.
Year renovated
1956
Sq. Ft.
1,254
Year built
1940
Style
Single Family Residential
County
Marion County
APN
490614125056000801
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D5
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
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
May 26, 2026 • Active
Wrecking permit-1-2 family
Demolition
Apr 13, 2020 • Active
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
Garage SqFt: 280
Parking Features: Detached
Garage Spaces: 1
Has Garage
Interior
Interior Sq. Ft. Information
Building Area Total: 1681
Living Area: 1254
Main Level Sq. Ft.: 855
Upper Level Sq. Ft.: 399
Lower/Basement Level Sq. Ft (Finished): 0
Bedroom Information
# of Upper Bedrooms: 2
Beds MU: 2
Bedrooms MU: 2
Bathroom Information
# of Full Baths (Total): 1
# of Half Baths (Total): 1
# of Full Baths (Upper): 1
# of Half Baths (Main): 1
Half Baths MU: 1
Half Bathrooms MU: 1
Full Baths MU: 1
Full Bathrooms MU: 1
Room 1 Information
Room Type: Living Room
Room Dimensions: 12x14
Room Level: Main
Room 2 Information
Room Type: Dining Room
Room Dimensions: 9x12
Room Level: Main
Room 3 Information
Room Type: Kitchen
Room Dimensions: 9x4
Room Level: Main
Room 4 Information
Room Dimensions: 12x14
Room Level: Upper
Room 5 Information
Room Type: Bedroom 2
Room Dimensions: 9x12
Room Level: Upper
Room 6 Information
Room Type: Bonus Room
Room Dimensions: 20x16
Room Level: Main
Other Rooms Information
Rooms Upper: 2
Rooms Main: 4
Rooms Basement: 0
# of Rooms: 6
Basement Information
Has Basement
Basement Features: Unfinished
Heating & Cooling
Heating Information: Electric
Cooling Information: Central Air
Interior Features
Interior Features: Hardwood Floors
Appliances: Dishwasher, Electric Oven, Refrigerator
Exterior
Building Information
Percent Optional Level Finished: 0
Farm Information
Horse Amenities: None
Property Information
Property Type: Residential
Has Additional Parcels
Property Sub Type: Single Family Residence
Land Information
Acres: 1/4-1/2 Acre
Lot Information
Lot Size Acres: 0.34
Utilities
Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Public
Solid Waste Information: No
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: GPS Friendly
Tax Legal Description: Culver Riggs & Lynns Sub L261
Public facts
Beds: 2
Baths: —
Sq. Ft.: 1,254
Stories: 2.0
Lot Size: 5,001 square feet
Style: Single Family Residential
Year Built: 1940
Year Renovated: 1956
County: Marion County
APN: 490614125056000801
Home facts updated by county records on Jul 29, 2026
Other
Home Information
Foundation Details: Block
Construction Materials: Vinyl Siding
Levels: Two
Around this home
Schools
James Whitcomb Riley School 43
Public PreK-5 • Assigned • 0.6mi
4/10
Cold Spring School
Public K-8 • Assigned • 1.8mi
7/10
Shortridge High School
Public 9-12 • Assigned • 1.2mi
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
72
83
65
82
60
70
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
$221,000 – $267,000
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