3018 N Olney Street
Indianapolis, IN 46218
3
Bed
1
Bath
768Sqft
0.12Acre(Lot)
Rare long-term leased investment on Indianapolis' near northeast side, offered at $120,000. This brick 3-bedroom, 1-bathroom single-family home is leased through October 2028 at $845 per month, with contractual annual increases of two to three percent built into the term. More than two years of contracted income makes this an unusually predictable hold, with a scheduled opportunity to reset rent to market at expiration. The current tenants have occupied the home for six to seven years and have maintained it well. Approximately 768 square feet on a slab foundation, brick construction keeps ongoing maintenance minimal. Air conditioning is approximately five years old, water heater four years, and roof ten years or more. Tenants pay all utilities. Annual property taxes of $976 are the lowest
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 3Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Rooms Total: 5Interior Features
Wood Work Painted, Eat-in Kitchen, Hi-Speed Internet Availbl Appliances: None, Gas Water Heater -
Flooring Information
Construction Materials: Vinyl With Stone -
Heating & Cooling
Heating: Forced Air, Natural Gas Cooling: Central Air WaterSource: Public
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Building Information
Year Built: 1953
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Lot Information
Lot Square Feet: 5009 Lot Acres: 0.12Property Information
Property Type: Residential Sub Type: Single Family Residence Style: Bungalow
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Listing Price Information
Original List Price:$120000
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Tax Information
Tax Lot: 490720108112000101 Tax Legal Description: North Plaza Add L38 Tax Year: 2024 Parcel Number: 490720108112000101
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Parking Information
DetachedGarage Information
Has Garage: Yes Garage Space: 1 Garage SQFT: 506
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Utility Information
Cable Available, Natural Gas Connected Water Source: Public -
Location Information
Subdivision: North Plaza City: Indianapolis Direction: GPS Friendly
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3103 N Arlington Avenue, Indianapolis, IN, 46218 | $235,000 | 3 | 3 | 1,940 | 1,940 SqFt |
| 5927 E 23rd Street, Indianapolis, IN, 46218 | $149,900 | 3 | 1 | 1,280 | 1,280 SqFt |
| 3016 N Arlington Avenue, Indianapolis, IN, 46218 | $149,900 | 3 | 1 | 912 | 912 SqFt |
| 3133 N Campbell Avenue, Indianapolis, IN, 46218 | $169,149 | 2 | 1 | 768 | 768 SqFt |
| 2244 N Bolton Avenue, Indianapolis, IN, 46218 | $150,000 | 3 | 1 | 1,208 | 1,208 SqFt |
| 3106 N Bolton Avenue, Indianapolis, IN, 46218 | $95,000 | 3 | 1 | 960 | 960 SqFt |
| 1642 N Graham Avenue, Indianapolis, IN, 46218 | $200,000 | 3 | 2 | 2,262 | 2,262 SqFt |
| 1736 N Graham Avenue, Indianapolis, IN, 46218 | $185,000 | 3 | 2 | 1,892 | 1,892 SqFt |
| 1725 N Audubon Road, Indianapolis, IN, 46218 | $114,900 | 3 | 1 | 1,064 | 1,064 SqFt |
| 5707 E 20th Street, Indianapolis, IN, 46218 | $169,900 | 3 | 2 | 1,145 | 1,145 SqFt |
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ByOwner last updated this listing 08/15/2026 @ 06:20
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