3140 Asbury Street, Indianapolis, IN 46237
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
Listed by: peter stewart
Office: keller williams indpls metro n
MLS#:22087674
Source:IN_MIBOR | Licensed in Indiana
Price summary
- Price:$179,000
About this home
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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Home facts
- Year built:1960
- Subdivision & Development:Dillehays Southern Acres
- Listing ID #:22087674
- Added:94 day(s) ago
- Updated:September 19, 2026 at 07:51 AM
Heating and cooling
- Cooling:Central Electric
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1960
- Lot area:0.3 Acres
- Lot Features:Corner Lot, Curbs, Mature Trees, Street Lights
- Architectural Style:Ranch
- Construction Materials:Vinyl With Brick
- Exterior Features:Storage
- Foundation Description:Crawl Space
Utilities
- Water:Water
- Sewer:Sewer
Finances and disclosures
- Price:$179,000
Parking
- Garage:Yes
- Garage spaces:1
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