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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.
Property Type(s):
Single Family
| Last Updated | 4/24/2026 | Tract | Myers University Place |
|---|---|---|---|
| Year Built | 1930 | Community | 4905 - Marion - Warren |
| Garage Spaces | 1.0 | County | Marion |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater, None |
| AREA | 4905 - Marion - Warren |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Aluminum Siding |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| INTERIOR | Eat-in Kitchen |
| LOT | 5663 sq ft |
| PARKING | Detached, Guest |
| STORIES | 1.5 |
| STYLE | Bungalow |
| SUBDIVISION | Myers University Place |
| UTILITIES | Cable Available |
| WATER | Public |
Location
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Listed with EDGE Realty Group, INC
Listing information is deemed reliable, but not guaranteed.
© 2026 Metropolitan Indianapolis Board of REALTORS®
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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