For sale

$395,000

Est. $2,857/mo —

•

2,420

sq ft

620 Berkley Rd, Indianapolis, IN 46208

About this home

INVESTOR ALERT! Prime Butler University Rental Opportunity Exceptional 5-bedroom, 2-bathroom home located just steps from the campus of Butler University. This beautifully renovated property offers the perfect combination of historic charm, modern updates, and strong income potential. Currently operating as a successful rental property or can be Airbnb rental. This property has historically generated between $3,500 and $4,000 per month in rental income. Whether you're seeking an investment property, student housing opportunity, or a personal residence near campus, this home delivers outstanding value. Recently renovated from top to bottom, features include: Spacious 5-bedroom, 2-bathroom floor plan, fully remodeled kitchen with butcher block countertops, Stainless steel appliances and new cabinetry. Large walk-in pantry, Refinished original hardwood floors. Beautiful leaded-glass windows. Original 1927 built-ins in the family and dining rooms. Cozy gas fireplace with Classic architectural character blended with modern conveniences. Enjoy living within walking distance of Butler University, restaurants, sporting events, and campus activities while being minutes from the highly desirable Meridian-Kessler neighborhood. Turnkey investment opportunity with proven rental history in one of Indianapolis' most sought-after university locations. Schedule your showing today!

Single-familyProperty Type

1927Year Built

5,184 sq ftLot Size

$163Price/Sq.Ft.

3 car garageParking

Listed by Elvis Turkovich • Aspen Realty, Inc

Listing updated: Aug 30, 2026 at 07:21pm

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #22105762

Payment calculator

$2,857 per month

Principal and interest$2,076

Property taxes

$620

HOA dues

Home insurance

$161

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN SAT, 12PM TO 2PM
$210,000
2 beds2 baths2,300 sq ft
906 N Butler Ave, Indianapolis, IN 46219
REDFIN OPEN SAT, 1PM TO 3PM3D WALKTHROUGH
$205,000
2 beds1 bath1,572 sq ft
315 N Beville Ave, Indianapolis, IN 46201
OPEN SAT, 1PM TO 3PM
$350,000
3 beds1.5 baths2,800 sq ft
6120 N Tuxedo St, Indianapolis, IN 46220
OPEN SAT, 2PM TO 4PM
$1,000,000
4 beds4.5 baths5,642 sq ft
9451 Timber Crest Ln, Indianapolis, IN 46256
OPEN SAT, 3PM TO 5PM
$169,900
3 beds1.5 baths1,457 sq ft
8230 Laughlin Dr, Indianapolis, IN 46219
OPEN SUN, 12PM TO 2PM
$1,350,000
5 beds6 baths6,929 sq ft
9710 Towne Rd, Carmel, IN 46032
REDFIN OPEN SUN, 1PM TO 3PM3D WALKTHROUGH
$414,900
3 beds2.5 baths2,033 sq ft
12628 Stanwich Pl, Carmel, IN 46033
OPEN SUN, 1PM TO 3PM
$399,900
4 beds2.5 baths2,168 sq ft
9934 Tudor Ct, Fishers, IN 46037
OPEN SUN, 2PM TO 4PM
$325,000
3 beds2.5 baths3,832 sq ft
422 Orange St, Indianapolis, IN 46225
OPEN SUN, 2PM TO 4PM
$550,000
3 beds2 baths2,312 sq ft
12732 Stanwich Pl, Carmel, IN 46033

Around this home

Schools

K - 12
Preschool & daycare

James Whitcomb Riley School 43

Public PreK-5 • Assigned • 0.6mi

4/10

Shortridge High School

Public 9-12 • Assigned • 1.4mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

620 Berkley Rd · $395,000

Strong offer

$393K and above

75% chance or better to win

Why $393K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 26 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Attic access
Eat-in kitchen
Walk-in closet(s)
Finished daylight basement with storage and walk-out access
Masonry fireplace in the living room

Bedrooms
Three main-level bedrooms
Two basement bedrooms

Bathrooms
One full bath on the main level
One half bath in the basement
Primary bath features a full shower stall

Kitchen
Gas cooktop
Gas oven
Dishwasher
Disposal
Refrigerator
Eat-in kitchen

Laundry & utility
In-unit laundry room
Main-level laundry room
Basement laundry access
Water heater
Sump pump

Heating & cooling
Forced air heating (natural gas and electric)
Central air conditioning

Sale and tax history for 620 Berkley Rd

Sale History
Tax History

Date

Event

Price

MIBOR as Distributed by MLS Grid #22105762

Aug 30, 2026

Price Changed

$395,000

$163/sq ft

Jul 9, 2026

Price Changed

$438,000

$181/sq ft

Jun 2, 2026

Listed

$445,000

$184/sq ft

MIBOR as Distributed by MLS Grid #21697227

Jun 23, 2020

Pending

—

Mar 3, 2020

Listed

$279,000

$115/sq ft

MIBOR as Distributed by MLS Grid #21577697

Aug 17, 2018

Sold

$170,000

$70/sq ft

Jul 27, 2018

Pending

—

Jul 16, 2018

Price Changed

$185,000

$76/sq ft

Jun 29, 2018

Listed

$190,000

$79/sq ft

Eclectic Butler Tarkington home with all the updates you’re looking for! Completely redone kitchen with butcher block countertops, stainless appliances, new cabinets and a spacious walk-in pantry. Refinished hardwood floors with a look to compliment leaded glass windows, period 1927 built-ins in family room/dining room, and shiplap front gas fireplace. All heavy lifting is done with updated roof, electrical, and HVAC. Move right in or make this a cash cow rental for Butler University students or faculty!

MIBOR as Distributed by MLS Grid #21575272

Jun 27, 2018

Listing Removed

—

Jun 19, 2018

Listed

$199,900

$83/sq ft

MIBOR as Distributed by MLS Grid #21353710

Jul 22, 2015

Sold

$159,000

$66/sq ft

May 30, 2015

Pending

—

May 15, 2015

Listed

$159,000

$66/sq ft

MIBOR as Distributed by MLS Grid #21244995

Jan 18, 2014

Listing Removed

—

Jul 17, 2013

Listed

$165,900

$69/sq ft

Public Records

Jun 5, 2001

Sold

$94,762

$39/sq ft

Join or sign in to view all info

Year

Property tax

Land + Additions

Assessment*

2025

$7,757 (+3.0%)

$33,200 + $292,900

$326,100

2024

$7,529 (+9.2%)

$33,200 + $280,300

$313,500

2023

$6,893 (−4.3%)

$33,200 + $280,300

$313,500

2022

$7,204 (+22.6%)

$33,200 + $253,700

$286,900

2021

$5,875 (+56.2%)

$21,000 + $230,000

$251,000

2020

$3,760 (−1.8%)

$21,000 + $230,000

$251,000

2019

$3,830 (+2.6%)

$21,000 + $137,800

$158,800

2018

$3,731 (+17.9%)

$21,000 + $137,800

$158,800

2017

$3,164 (+24.1%)

$21,000 + $124,400

$145,400

2016

$2,549 (+103.6%)

$21,000 + $124,400

$145,400

2015

$1,252 (+6.3%)

$21,000 + $98,100

$119,100

2014

$1,178 (−2.6%)

$21,000 + $95,800

$116,800

2013

$1,209

$21,000 + $94,300

$115,300

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

40 ft.

Lot depth

130 ft.

Lot size

5,201 Sq. Ft.

Year renovated

1997

Finished Sq. Ft.

2,220

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,220

Year built

1927

Style

Single Family Residential

County

Marion County

APN

490614122119000801

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

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

Nov 14, 2018 • Final

Structural - one or two family

Construct a new bedroom addition over the existing garage and finish the basement to include bedrooms. Convert the existing garage into a bedroom.

Addition

Remodel

Oct 11, 2018 • Final

Drainage permit-1-2 family

Construct a new bedroom addition over an existing garage and convert the existing garage into a bedroom. Finish the existing basement to include additional bedrooms.

Addition

Remodel

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.

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

4/10 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

85/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9 hrs

5.8 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 620 Berkley Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $320,000 and $363,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $320K to $363K.

SOLD APR 2, 2026
$355,000 Last sold price
6 beds3 baths2,783 sq ft
714 Berkley Rd, Indianapolis, IN 46208
$35/sq ft
larger lot
2 years newer
SOLD AUG 10, 2026
$340,000 Last sold price
3 beds2 baths2,372 sq ft
4231 Sunset Ave, Indianapolis, IN 46208
$20/sq ft
12 years older
unfinished basement
SOLD AUG 28, 2026
$320,000 Last sold price
2 beds1 bath2,026 sq ft
4220 Sunset Ave, Indianapolis, IN 46208
$5/sq ft
2 years older
unfinished basement
SOLD AUG 5, 2026
$363,000 Last sold price
3 beds2.5 baths2,468 sq ft
250 W 44th St, Indianapolis, IN 46208
$16/sq ft
larger lot
8 years newer
SOLD JAN 21, 2026
$355,000 Last sold price
3 beds1.5 baths2,488 sq ft
4260 Sunset Ave, Indianapolis, IN 46208
$20/sq ft
7 years older
unfinished basement
SOLD JUN 1, 2026
$360,000 Last sold price
2 beds2 baths2,547 sq ft
301 Berkley Rd, Indianapolis, IN 46208
$22/sq ft
larger lot
1 year newer

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Details provided by MIBOR as Distributed by MLS Grid and may not match the public record. Learn more.

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