3140 Asbury ST, Indianapolis, IN 46237
3140 Asbury ST, Indianapolis, IN 46237
3140 Asbury ST, Indianapolis, IN 46237
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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092
Listed by Peter Stewart • Keller Williams Indpls Metro N
$179,000
Est. payment /mo
0.3 Acres Lot
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Dillehays Southern Acres

MLS Listing ID 22087674

Year Built 1960

Tax Year 2024

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Duplex

Property Description

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 through 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. Electricity is separately metered and paid by tenants. Owner pays water/sewer. 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.

Location

State IN

County Marion

Zoning ZO01

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Exterior Feature Storage

Garage Spaces 1.0

View Y/N false

Roof Type Shingle

Building

Story One

Foundation Crawl Space

Architectural Style Ranch

Structure Type Vinyl With Brick

New Construction false

Schools

School District Indianapolis Public Schools

Others

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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092

Broker RB14032222

Broker RB14032222

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3140 Asbury ST

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