Sheldon Barnes
For Sale — 421 W 39th Street, Indianapolis, IN 46208421 W 39th Street
Indianapolis, Indiana 46208
Northmead
4
Beds
2
Baths
1,118
Sq Ft
1907
Year Built
0.15
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 421 W 39th Street in Northmead, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Located at 421 W 39th Street in Indianapolis, this 1907 two-story single-family home presents a strong opportunity for investors seeking a rental-ready or value-add property. The home offers four bedrooms and two full bathrooms, providing a functional layout that appeals to tenants needing flexible space. One bedroom includes a walk-in closet for added storage. A dedicated laundry room adds everyday convenience. The kitchen features shaker-style cabinets, stone countertops, a backsplash, and a chimney-style range hood, offering durable and practical finishes suitable for long-term use. Exterior features include a covered front porch, rear patio, and a fenced backyard - desirable amenities for renters. The lot offers manageable outdoor space with privacy potential. With its simple layout, solid updates, and a little TLC, this property is well-suited for buy-and-hold investors or those looking to expand their rental portfolio in the Indianapolis market.
Key things to know
- Four bedrooms, two full baths
- Updated kitchen with shaker cabinets and stone countertops
- Covered front porch and fenced backyard
- Dedicated laundry room
- Walk-in closet in primary bedroom
Monthly payment
Estimate · $225,000
$1,604/mo
≈ $1,198 principal & interest · $406 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $45,000 on a loan of $180,000.
Price history
- Price reduced$235,000 → $225,000
May 11, 2026
- Listedat $240,000
Mar 6, 2026
Recent comparable sales
$122,350
1311 W 33rd Street
3bd · 1ba · 1,262 sqft
Sold May 2026
$159,900
419 Berkley Road
3bd · 1ba · 925 sqft
Sold Apr 2026
$138,000
2949 Shriver Avenue
3bd · 1ba · 1,080 sqft
Sold Apr 2026
$211,000
1303 W 25th Street
3bd · 2ba · 1,156 sqft
Sold Apr 2026
$85,000
1450 W 33rd Street
3bd · 1ba · 1,237 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 63% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$240,000Listed· Mar 6, 2026
$225,000Reduced
↓ $15,000 (6.3% off original)
66 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Tub Full with Shower
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis4.0 mi
- Monon Trail (Carmel)9.5 mi
- Carmel Central Park9.6 mi
- Carmel High School10.2 mi
- Zionsville Community HS10.4 mi
- IU Health North Hospital10.7 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,118 sq ft
Year Built
1907
Stories
Two
Subdivision
Northmead
Bedrooms
4
Bathrooms
2 full
School District
Indianapolis Public Schools