406 S Butler AVE Indianapolis, IN 46219 Pending

UPDATED: 05/01/2026 09:43 PM ON MARKET: 8 days on market

$125,000

3 Beds1 Bath1,824 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 1,824 sqft

Price per Sqft $68

Subdivision Myers University Place

MLS Listing ID 22097796

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1930

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Single Family Residence

Property Description

Investor Special Near Irvington - High Upside Opportunity! Located at 406 S Butler Avenue in Indianapolis, this 3-bedroom, 1-bath home with a 1-car detached garage and full basement offers serious potential for the right buyer. Just minutes from the highly desirable Irvington neighborhood, this property sits in an area seeing continued appreciation and revitalization. Inside, you'll find a functional layout with an open flow from the living area into the kitchen, plus original architectural charm including a classic arched doorway. The home already features updated flooring in portions of the property, providing a solid starting point for your renovation vision. The full basement offers additional value-add possibilities for storage, mechanical updates, or future finished space. This is a true value-add opportunity geared toward seasoned rehabbers or investors looking to capitalize on strong resale potential. With comparable renovated homes pushing an ARV north of $225,000, there's ample room for profit. Priced at $135,000, this property is being offered as-is and is ideal for those ready to bring their vision and expertise to unlock its full potential. Prime location + solid structure + strong ARV = opportunity you don't want to miss.


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