814 W 43rd St
Indianapolis, IN 46208
Butler-Tarkington
4 Beds
2 Baths
1,201 sqft
4 Beds
2 Baths
1,201 sqft
Local Information
© Google
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Description
?? Turnkey Butler University Student Rental | 5 Bedrooms | Value-Add Opportunity | $319,000
Prime investment opportunity just steps from Butler University! This 5-bedroom student rental offers immediate cash flow with current leases in place at $2,400/month, plus significant upside for the next owner.
?? Income + Upside Potential
- Current Rent: $2,400/month ($28,800/year)
- Configured as a 5-bedroom property
- Strong rental demand driven by Butler student housing
- Value-add opportunity to increase rents to ~$3,000/month ($600 ? $750 per bedroom)
- Rare chance to acquire a cash-flowing asset with built-in rent growth
- Ideal for investors looking to increase returns through lease optimization
- Ability to lease all 5 bedrooms and adjust pricing to market rates
- Consistent student rental demand in a high-occupancy area
- Walking distance to Butler University
- Proven student rental corridor with strong leasing history
?? Turnkey + Future Growth
- Already leased—start collecting income immediately
- Opportunity to increase NOI and force appreciation
- Perfect for investors seeking both stability and upside
This Butler University student rental has maintained 100% occupancy for the last ten years. It is currently rented through the end of the 2026 school year as well as the 2026-2027 school year. Current and future leases will convey with the sale of the properties.
* Showings and inspections will only be allowed AFTER an accepted offer, as to not disturb the tenants.
* Seller will not entertain any seller financing.
* Seller is not looking for a realtor to list the property. Please do not solicit.
* Seller not interested in working with any wholesalers. Please do not solicit.
* Currently leased for $2,400/mo. and the next lease is also $2,400/mo.
I'm looking to move my equity down to Florida, I am not in any rush. Proof of funds required with offer. 5% Earnest Money required with accepted offer.
Prime investment opportunity just steps from Butler University! This 5-bedroom student rental offers immediate cash flow with current leases in place at $2,400/month, plus significant upside for the next owner.
?? Income + Upside Potential
- Current Rent: $2,400/month ($28,800/year)
- Configured as a 5-bedroom property
- Strong rental demand driven by Butler student housing
- Value-add opportunity to increase rents to ~$3,000/month ($600 ? $750 per bedroom)
- Rare chance to acquire a cash-flowing asset with built-in rent growth
- Ideal for investors looking to increase returns through lease optimization
- Ability to lease all 5 bedrooms and adjust pricing to market rates
- Consistent student rental demand in a high-occupancy area
- Walking distance to Butler University
- Proven student rental corridor with strong leasing history
?? Turnkey + Future Growth
- Already leased—start collecting income immediately
- Opportunity to increase NOI and force appreciation
- Perfect for investors seeking both stability and upside
This Butler University student rental has maintained 100% occupancy for the last ten years. It is currently rented through the end of the 2026 school year as well as the 2026-2027 school year. Current and future leases will convey with the sale of the properties.
* Showings and inspections will only be allowed AFTER an accepted offer, as to not disturb the tenants.
* Seller will not entertain any seller financing.
* Seller is not looking for a realtor to list the property. Please do not solicit.
* Seller not interested in working with any wholesalers. Please do not solicit.
* Currently leased for $2,400/mo. and the next lease is also $2,400/mo.
I'm looking to move my equity down to Florida, I am not in any rush. Proof of funds required with offer. 5% Earnest Money required with accepted offer.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$266
Listed
34 days ago
Home Details for 814 W 43rd St
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Interior Details BasementNumber of Rooms: 7 |
Heating & Cooling Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 1 |
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Exterior Home Features Roof: AsphaltFoundation Type: Crawl Raised |
Parking & Garage GarageParking: Garage Detached |
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Days on Market: 34 days on Trulia |
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Year Built Year Built: 1942Year Updated: 1956 |
Property Type / Style Property Type: Single Family Home |
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Price Price Per Sqft: $266 |
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Units in Building: 1 |
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Lot Area: 5205 sqft |
Price History for 814 W 43rd St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/24/2026 | $319,000 | PriceChange | N/A |
| 03/28/2026 | $329,000 | Listed For Sale | N/A |
| 07/28/2024 | ListingRemoved | Zillow Rentals | |
| 06/05/2024 | $2,500 | Listed For Rent | Zillow Rentals |
| 10/22/2022 | ListingRemoved | N/A | |
| 05/19/2022 | $399,000 | PriceChange | N/A |
| 03/13/2022 | $345,000 | Pending | N/A |
| 01/28/2022 | $345,000 | Listed For Sale | N/A |
| 01/18/2022 | ListingRemoved | N/A | |
| 10/18/2021 | $299,000 | Pending | N/A |
| 10/13/2021 | $299,000 | Listed For Sale | N/A |
| 10/11/2019 | $105,000 | Sold | N/A |
| 09/28/2010 | $115,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $3,632 |
| Assessment | $165,100 |
Home facts updated by county records
Comparable Sales for 814 W 43rd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.13 | Single-Family Home | $77,116 | 12/23/25 | 3 | 3.5 | 2,070 | |
0.20 | Single-Family Home | $235,000 | 05/22/25 | 3 | 1 | 1,848 | |
0.47 | Single-Family Home | $125,000 | 09/08/25 | 4 | 1 | 2,160 | |
0.27 | Single-Family Home | $355,000 | 01/21/26 | 3 | 1.5 | 2,488 | |
0.36 | Single-Family Home | $130,000 | 04/24/26 | 2 | 1.5 | 1,769 | |
0.38 | Single-Family Home | $215,000 | 04/14/26 | 2 | 1.5 | 1,752 | |
0.33 | Single-Family Home | $310,000 | 06/27/25 | 3 | 1.5 | 2,058 | |
0.25 | Single-Family Home | $132,000 | 02/17/26 | 2 | 1.5 | 1,681 | |
0.50 | Single-Family Home | $220,000 | 06/02/25 | 3 | 2 | 1,848 | |
0.68 | Single-Family Home | $162,500 | 08/08/25 | 3 | 1.5 | 1,128 |
Assigned Schools
These are the assigned schools for 814 W 43rd St.
- Arsenal Technical High School
- 9-12
- Public
- 2366 Students
1/10GreatSchools RatingParent Rating AverageMy experience with the school has been excellent at distinct levels. I rate this school high in safety and teaching. The teachers are dedicated and caring. Too often, the media focuses on deficit views of the school, yet the assets offered by this school are often ignored.Parent Review3y ago - Crispus Attucks Medical Magnet High School (9-12)
- 9-12
- Public
- 1188 Students
1/10GreatSchools RatingParent Rating AverageMt child is new to Attucks this year and it has been amazing. The staff and atmosphere is wonderful for a child wi th health issues.Other Review10y ago - James Whitcomb Riley School 43
- PK-8
- Public
- 275 Students
3/10GreatSchools RatingParent Rating AverageIt is a great school and my son love itParent Review3y ago - IPS/Butler University Laboratory School 60
- PK-8
- Public
- 599 Students
5/10GreatSchools RatingParent Rating AverageAs a current 8th Grade student in this school, I love it. The style of schooling might not be for everyone but I really enjoy it. I've been here since kindergarten and loved everything from elementary to middle school. I'm mostly leaving this review as I've noticed some very negative reviews from years back when middle school was just developing. Now though the middle school is great with tons of amazing teachers. This school isn't for everybody but I would definitely recommend at least checking it out.Student Review3y ago - George Washington Community High School (9-12)
- 9-12
- Public
- 753 Students
1/10GreatSchools RatingParent Rating AverageThis school has several bright points and also many challenges. I think the school does a really good job with providing a quality place to learn; many awesome teachers, some not as great, that's the way it would go at any school. The principal cares about the students and, in my experience, so do the teachers. Maybe it's not a 5/5, but it's also not a 1, so I want to balance it out.Other Review2y ago - Rousseau McClellan School 91
- PK-8
- Public
- 542 Students
6/10GreatSchools RatingParent Rating Averageim a kid and i cant learn here but you make cool and nice friends hereParent Review3y ago - Center for Inquiry School 84
- K-8
- Public
- 469 Students
8/10GreatSchools RatingParent Rating AverageThe teachers and staff are so friendly and involved. The curriculum is challenging and I love the IB program and inquiry based learning. Our son has excelled at this school and best of all, he likes school! We are so fortunate to have such a great school in the neighborhood.Parent Review12y ago - Shortridge High School
- 9-12
- Public
- 1089 Students
2/10GreatSchools RatingParent Rating Averagenever been here but like my online friend goes here and he's like super cooool wsp brandon how u doinOther Review1y ago 
Check out schools near 814 W 43rd St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Butler-Tarkington
At least 54 Trulia users voted on each feature.
94 % Say it's dog friendly
91 % Say yards are well-kept
89 % Say there are sidewalks
85 % Say parking is easy
79 % Say there's holiday spirit
79 % Say car is needed
67 % Say kids play outside
66 % Say they plan to stay for at least 5 years
66 % Say people would walk alone at night
64 % Say it's walkable to restaurants
62 % Say neighbors are friendly
62 % Say streets are well-lit
49 % Say there's wildlife
48 % Say it's walkable to grocery stores
45 % Say there are community events
43 % Say it's quiet
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
This property is for sale by owner and Zillow, Inc. is displaying it at the owner’s request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
814 W 43rd St, Indianapolis, IN 46208 is a 4 bedroom, 2 bathroom, 1,201 sqft single-family home built in 1942. 814 W 43rd St is located in Butler-Tarkington, Indianapolis. This property is currently available for sale and was listed on Mar 28, 2026.