315 W 43rd St, Indianapolis, IN, 46208
About This Home
Welcome to this delightful Cape Cod-style home just minutes from Butler University and the charming Butler-Tarkington area. This home checks so many boxes; An ideal primary home, a proven short-term rental opportunity in a high-demand location or a long-term rental investment. Step inside to find beautiful original hardwood floors throughout the main level and a warm, inviting layout perfect for everyday living and entertaining. The updated kitchen features an eat-in nook-perfect for casual meals and morning coffee. The main level offers two bedrooms and a full bath, while upstairs you'll find a generously sized primary bedroom retreat with flexible space that works beautifully as a sitting area, reading nook, or home office. Downstairs, the partially finished basement adds valuable space-ideal for a movie room, game room, or guest hangout-plus storage and daylight windows for a brighter feel. Outside, enjoy convenient parking with a carport and an easy-to-love location close to dining, shops, campus, and all things Indy. For investors, this property has been operating as a successful short-term rental with strong performance and positive cash flow (details available upon request). Whether you're looking for a place to call home or a property that can generate income from day one, this one is a must-see-schedule your showing today!
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1943
Materials
- Foundation: Block
- Construction materials: Aluminum Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Electric Water Heater,Disposal,MicroHood,Electric Oven,Refrigerator,Washer
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Daylight,Finished
Bedroom2
- Level: Main
- Area: 120
- Dimensions: 12 x 10
Bedroom3
- Level: Main
- Area: 144
- Dimensions: 12 x 12
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Breakfast Bar,Hardwood Floors,High Speed Internet,Eat-in Kitchen,Wired for Data,Smart Thermostat
- Flooring: Hardwood
- Finished area below ground: 720
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
Kitchen
- Level: Main
- Area: 88
- Dimensions: 11x 8
Laundry
- Features: Other
- Level: Basement
- Area: 100
- Dimensions: 10x10
Living Room
- Level: Main
- Area: 216
- Dimensions: 18x 12
Master Bedroom
- Level: Upper
- Area: 176
- Dimensions: 16 x 11
Play Room
- Level: Basement
- Area: 336
- Dimensions: 12x28
Property
Details
- Parcel number: 490614103015000801
- Other equipment: Radon System
- Horse amenities: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Exterior features: Fire Pit
- Fencing: Fenced,Full
Lot
- Lot size: 6,098 sqft
- Features: Sidewalks,Storm Sewer,Street Lights,Mature Trees
Parking
- Parking features: Carport,Concrete
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,259 | $15,108 |
| Home Insurance * | $190 | $2,280 |
| Property Taxes | $426 | $5,112 |
| Electricity | $198 | $2,376 |
| Total | $2,073 | $24,876 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-21 | Price change | $257,900 |
| 2026-03-24 | Price change | $259,900 |
| 2026-02-27 | Price change | $274,000 |
| 2026-02-20 | Price change | $279,000 |
| 2026-01-16 | Listed for sale | $284,000 |
| 2025-12-13 | Listing removed | $259,500 |
| 2025-11-24 | Price change | $259,500 |
| 2025-11-10 | Price change | $265,000 |
| 2025-09-26 | Price change | $276,900 |
| 2025-09-03 | Price change | $282,900 |
| 2025-06-24 | Listed for sale | $284,900 |
| 2020-12-11 | Sold | $160,000 |
| 2020-11-03 | Pending sale | $169,900 |
| 2020-10-07 | Listed for sale | $169,900 |
| 2020-09-13 | Pending sale | $169,900 |
| 2020-09-10 | Listed for sale | $169,900 |
| 2014-07-24 | Listing removed | $1,100 |
| 2014-07-16 | Listed for rent | $1,100 |
| 2008-06-10 | Listing removed | $89,000 |
| 2008-05-25 | Listed for sale | $89,000 |
| 2008-05-23 | Sold | $89,000 |
| 2002-12-04 | Sold | $0 |
View on Zillow