425 W 40th Street
Indianapolis, IN 46208
Map
- – beds
- – baths
- – sqft
- 2,091 sqft lot
Rare opportunity to build in the highly sought-after Butler-Tarkington neighborhood! This vacant corner lot on 40th Street, directly adjacent to 3949 Rookwood Avenue, offers a fantastic setting for new construction just minutes from Butler University, Newfields, and the Canal Towpath. Nestled in a vibrant, walkable area filled with charm and redevelopment, the lot is ideally located for homeowners or investors looking to build in a well-established community. Surrounded by mature trees and historic homes, it offers both privacy and access to some of Indianapolis's most beloved amenities. The vacant lot is available separately for $50,000, or it can be purchased as a package with the home and lot at 3947-3949 Rookwood Avenue. This is a rare chance to own two parcels side-by-side, giving you flexibility for expansion, a second build, or a spacious yard or garden. Build your vision in one of Indy's most desirable areas!
Last checked:
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Last updated Jul 7, 2025
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MLS# 22048571 —
The Building
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New Construction:false
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Development Status:Not Applicable
Location
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Directions:GPS Friendly
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Latitude:39.828102
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Longitude:-86.166983
The Property
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View:true
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Property Type:Land
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Property Subtype:Residential Lots
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Parcel Number:490614106001000801
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Acres:<1/4 Acre
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Lot Size Acres:0.05
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Lot Size SqFt:2,091 Sqft
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Price Per Acre:1000000
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Type:Not Applic
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Divisible:Yes
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Zoning:Residential
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Present Zoning:Single Family
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Topography:Not Applic
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Land Characteristics:Corner
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Horse Amenities:None
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Soil Type:Not Applic
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Road Access:Not Applic
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Road Frontage Type:NotApplic
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Road Surface Type:NotApplic
Listing Agent
- Contact info:
- Agent phone:
- (317) 405-7915
- Office phone:
- (317) 563-5051
Taxes
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Tax Year:2024
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Semi Annual Property Tax Amt:30
Utilities
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Water:Not Applic
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Sewer:Not Applicable
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:No Subdivision
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Facilities On:Not Applicable
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Facilities Near:Other
Extra Units
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Other Structures:Not Applicable
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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7/4/25
Jul 4, 2025
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Listed / Active | MIBOR | $50,000 |
