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427 W 42nd Street

Indianapolis, IN 46208

ActiveListed Sep 8, 2026 · 30 days on market

Key facts

Beds
4
Baths
2 full
Living area
1,881 sqft
Lot
0.21 acres
Year built
1921
Type
Residential · Single Family Residence
Stories
Two
MLS #
22121334
County
Marion
Subdivision
Culver Riggs & Lynns
Total building area
2,661 sqft

About this home

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!

Description provided by the listing brokerage.

Interior

Appliances
MicroHoodElectric OvenBar FridgeGas Water Heater
Interior features
Built-in FeaturesWalk-In Closet(s)Hi-Speed Internet Availbl
Kitchen
Kitchen Updated
Other rooms and areas
Bedroom Other on Main
Basement
Unfinished
Laundry
Main Level
Windows
Vinyl Windows
Rooms
9
Main-level bedrooms
2

Exterior

Patio and porch
Covered
Construction
Wood Siding
Foundation
Block
Style
Traditional
Parking and garage
Guest
Fencing
Partial
Other equipment
Radon SystemSump Pump

Systems

Heating
Forced AirGas
Cooling
Central Air
Water
Public
Utilities
Cable AvailableNatural Gas Connected

Lot and HOA

Lot features
SidewalksStorm SewerMature Trees

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$3,582 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,910per month, estimated
Principal and interest $1,507Property tax $299Insurance $105
20% · $59,800
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$299,000
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