Pending

3140 Asbury Street

Indianapolis, IN 46237
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Bed 0

Bed

Bath 0

Bath

Acres0.30

Acre(Lot)

Excellent opportunity for investors or house hackers at 3140 Asbury St! This side-by-side ranch duplex features two mirror-image units, each offering 2 bedrooms, 1 full bath, and 728 square feet. Both units have dedicated off-street driveways, while the left unit also includes a private garage and the right unit has a large storage shed. The vacant left unit is clean, well-maintained, and move-in ready, with attractive laminate flooring, a spacious living room and dining area, central heat and air, and a full-size side-by-side laundry area. The bathroom offers a tiled tub/shower surround, newer vanity, and updated light fixture. The kitchen is functional as-is but presents an excellent opportunity for cosmetic improvements and added value. The occupied unit rents for $1,049 per month throu gh 11/30/26, providing immediate income, while estimated market rent for the vacant unit is approximately $1,100 per month. Once fully occupied, the property is projected to generate over $2,100 in monthly gross rent and exceed the coveted 1% rule. Utilities are not separately metered and are paid by the owner. Landscaping is also the owners responsibility. Situated on a spacious, flat .30-acre lot, both units enjoy generous front and rear yard space. The property features a brick front with low-maintenance vinyl siding and is located in a quiet residential neighborhood near University Heights and Garfield Park, approximately 10 minutes from downtown Indianapolis. Sarah Shank Golf Course is just blocks away, with Garfield Park and Sarah T. Bolton Park also nearby. Professionally managed by PMI Midwest, whose services may be retained for a seamless transition.

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Detail Ic Property Details

Property Type : Residential Income

Price : $179,000

AD Id : 84961302

MLS Id : MBR22087674

Lot Size : 0.30 Acre

Year Built : 1960

Garage : 1

County : Marion

Subdivision: Dillehays Southern Acres

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Feature Features

  • Interior Features

    Roof: Shingle Laundry Features: Connections All, Main Level

    Roofing Information

    Shingle
  • Flooring Information

    Construction Materials: Vinyl With Brick
  • Heating & Cooling

    Heating: Forced Air Cooling: Central Air

  • Building Information

    Year Built: 1960
  • Exterior Features

    Storage Construction Materials: Vinyl With Brick Foundation Details: Crawl Space

  • Lot Information

    Lot Description: Access, Corner Lot, Curbs, Irregular Lot, Street Lights, Mature Trees Lot Square Feet: 13111 Lot Acres: 0.3

    Property Information

    Property Type: Residential Income Sub Type: Duplex Style: Ranch Structure Type: Duplex

  • Listing Price Information

    Original List Price:$179000

  • Tax Information

    Tax Lot: 95&96 Tax Legal Description: Dillehays Southern Acres 3rd Sec L95 & L96 Tax Year: 2024 Parcel Number: 491030130002001501

  • Location Information

    Subdivision: Dillehays Southern Acres City: Indianapolis Direction: GPS Friendly
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ByOwner last updated this listing 06/26/2026 @ 06:20

MLS: MIBOR #22087674 LISTED BY: Peter Stewart, Keller Williams Indpls Metro N 317-846-6300 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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