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3140 Asbury Street Indianapolis, IN $ 179,000
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$ 179,000 Get more info
3140 Asbury Street
$ 179,000
Back to search
Share Save

3140 Asbury Street

Indianapolis, IN, 46237
$ 179,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,236

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Multi-Family Home for sale in Indianapolis, IN

for $179,000. This home was built in 1960 on a lot size of 0.3.

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.

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Multi-Family Pending

Price

$ 179,000

Property Type

Multi-Family

Taxes

$ 4,248

Style

Ranch

Lot Size

0.3

Year Built

1960

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22087674
Features
General
Heating Forced Air
Cooling Central Air
Possession Closing Subject To Tenant Rights
Roof Shingle
Zoning ZO01
Garage Spaces 1
Architectural Style Ranch
Security Features Smoke Detector(s)
Construction Materials Vinyl With Brick
Year Built 1960
Tenant Pays All Utilities
Township Perry
Levels One
Property Subtype Duplex
Tax Year 2024
Current Use Apt<20
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Dillehays Southern Acres
Status Pending
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4907 - Marion - Perry
Lot Size Square Feet 13111
Current Financing Conventional
Additional Parcels Y/N N
Virtual Tour https://indy-realty-pics.aryeo.com/sites/rmovlqdg/unbranded https://indy-realty-pics.aryeo.com/sites/3140-asbury-st-indianapolis-in-46237-22685397/branded
Structure Type Duplex
Standard Status Pending
Tax Lot 95&96
Legal Description Dillehays Southern Acres 3rd Sec L95 & L96
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Exterior
Exterior Amenities Storage
Parking Features Detached
Lot Features Access Corner Lot Curbs Irregular Lot Street Lights Mature Trees
Foundation Details Crawl Space
Lot Size Acres 0.3
Road Surface Type Asphalt
Waterfront Y/N N
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Interior
Basement (Y/N) N
Laundry Features Connections All Main Level
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* Excluded Features
List By
Keller Williams Indpls Metro N

Broker

peter@peterstewartrealty.com

Email

Affordability Calculator

$1,590
Per Month
78%
22%
0%
Monthly Principal & Interest
$1,236
Monthly Property Taxes
$354
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
6/16/2026 $179,000 Listed Price

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3140 Asbury Street, Indianapolis, IN, 46237 is a Multi-Family Home for sale at $179,000 with a lot size of 0.3. 3140 Asbury Street has 0.0 baths and was built in 1960. The property's zip code is 46237 which is in Indianapolis, IN

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