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3018 N Olney Street, Indianapolis, IN 46218

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
3018 N Olney Street,Indianapolis, IN 46218
$119,900
  • 3 Beds
  • 1 Baths
  • 768 sq. ft.
  • Single family
  • Active
Listed by: max moore, kenneth fletcher
Office: @properties
MLS#:22109840
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$119,900
  • Price per sq. ft.:$156.12

About this home

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 in this portfolio. Located close to Brookside Park and the Indiana State Fairgrounds in an active rental pocket drawing steady reinvestment. One of thirteen buildings in a 17-unit Indianapolis rental...

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Home facts

  • Year built:1953
  • Subdivision & Development:North Plaza
  • Listing ID #:22109840
  • Added:79 day(s) ago
  • Updated:September 13, 2026 at 03:28 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Dining Description:Dining Combo/Family Room
  • Living area:768 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1953
  • Building area:768 sq. ft.
  • Lot area:0.12 Acres
  • Architectural Style:Bungalow
  • Construction Materials:Vinyl With Stone
  • Foundation Description:Crawl Space

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$119,900
  • Price per sq. ft.:$156.12

Features and amenities

  • Amenities:Wood Work Painted

Parking

  • Garage:Yes
  • Garage spaces:1
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