3740-3732 Asbury Street, Indianapolis, IN 46227
- $265,000
- List Price
- $265,000
- Price Change
- ▼ $5,000 1788569895
- Days on Market
- 16
- Status
- ACTIVE
- MLS#
- 22122499
- Lot Size (Acres)
- 0.44
- Year Built
- 1937
Property Description
Investor opportunity with immediate rental income and significant value-add potential! This property includes two well-maintained homes, a buildable lot situated between them, and an additional heated garage. Further maximize the property by finishing the basement, which already has a separate private entrance, into an additional unit or developing the middle lot for a third standalone property. Both homes are currently leased through summer 2027, with the 2-bedroom home renting for $1,400/month and the 1-bedroom home at $950/month. With established rental income, multiple expansion opportunities, potential for future rent growth, and a convenient location near the University of Indianapolis, this property offers strong long-term investment potential. Additional properties from the same portfolio are also available for purchase.
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Additional Information
- Area
- Perry
- Subdivision
- University Heights
- Taxes
- $728
- Stories
- One
- Garage Spaces
- 2
- Cooling
- Central Air
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Listing courtesy of Redfin Corporation.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative