427 W 42nd Street
Indianapolis, IN, 46208 $ 299,000
Bedrooms4 Baths2.0 Sq 2,661 Monthly Estimate*
$ 2,065
for $299,000 with 4 bedrooms and 2 full baths. This 2,661 square foot home was built in 1921 on a lot size of 0.21.
Welcome home to this beautiful 4-bed, 2-bath 1921 bungalow in one of Indianapolis' most desirable pockets, Butler Tarkington, just minutes from Butler University! The curb appeal makes an immediate impression and has the kind of character new construction simply cannot replicate. Step inside and you will find a smart, classic floorplan. With brand new carpet throughout creating a fresh, updated feel from the moment you walk in. The dining room is a true standout, featuring unique, original built-ins that showcase the craftsmanship of the era and offer both storage and charm you will not find elsewhere. The bedroom layout adds real flexibility, with 2 bedrooms on the main level and 2 upstairs, perfect for guests, a home office, a nursery, or multigenerational living. Closet space is exceptional throughout, with HUGE closets that are almost unheard of in a home of this vintage. Main level laundry (no basement laundry!) makes daily life seamless, and the washer and dryer convey with the home. Upstairs, the full bathroom features a custom tiled shower, adding an elevated touch. Major mechanical updates provide true peace of mind, including the furnace (2020), air conditioning (2020), water heater (2020), roof (2020), and gutters (2020). With every big ticket item already handled, you can move in and simply enjoy the home for years to come. The uniquely shaped lot runs exceptionally deep and is surrounded by mature trees, creating a private backyard oasis with room for bonfires, grilling, entertaining, gardening, and future projects. It also offers something truly rare in this neighborhood: off street parking for a lot of vehicles. This is the kind of home buyers hope to find in Butler Tarkington: full of original character, updated where it counts, and sitting on a lot that gives you room to grow. Homes like this in this location do not last long. Come see it before it is gone!
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FeaturesInteriorInterior Amenities Built-in Features Walk-In Closet(s) Hi-Speed Internet Availbl
Basement Unfinished
Total Fireplaces 0
Basement (Y/N) Y
Half Baths 0
Laundry Features Main Level
Total Bedrooms 4
Below Grade Finished Area 0
Main Level Bedrooms 2
Total Baths 2
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GeneralHeating Forced Air Gas
Cooling Central Air None
Utilities Cable Available Natural Gas Connected
Possession Closing
Appliances MicroHood Electric Oven Bar Fridge Gas Water Heater
Patio/Porch Features Covered
Architectural Style Traditional
Construction Materials Wood Siding
Year Built 1921
Township Washington
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Culver Riggs & Lynns
Garage Y/N N
Total Rooms 9
Full Baths 2
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 9060
Property Attached Y/N N
Standard Status Active
Tax Lot N/A
Legal Description Culver Riggs & Lynns Sub Columbia Pl L111
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ExteriorFencing Partial
Parking Features Guest None
Lot Features Sidewalks Storm Sewer Mature Trees
Water Source Public
Foundation Details Block
Building Area Total 2661
Lot Size Acres 0.21
Waterfront Y/N N
Other Equipment Radon System Sump Pump
Horse Amenities None
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* Excluded FeaturesList Bybailey@braunecker4.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,065
- Monthly Property Taxes
- $299
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Indianapolis, IN
Average List Price $314,758
Percent of Sale Price 5%
About Indianapolis, IN 843,184 Population
8% Since 2002
$ 43,160 Median Income
35.24 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/8/2026 | $299,000 | -3.52% | Price Down |
| 9/22/2026 | $309,900 | -3.16% | Price Down |
| 9/8/2026 | $320,000 | | Listed Price |