3018 N Olney ST, Indianapolis, IN 46218
3018 N Olney ST, Indianapolis, IN 46218
3018 N Olney ST, Indianapolis, IN 46218
3018 N Olney ST, Indianapolis, IN 46218
3018 N Olney ST, Indianapolis, IN 46218
3018 N Olney ST, Indianapolis, IN 46218
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Jason Terry

Jason Terry

+1(317) 678-7667
Listed by Max Moore • @properties
$ 120,000
Est. payment | /mo

3 Beds

1 Bath

768 SqFt

Save
$ 120,000
Est. payment | /mo
Save

3 Beds

1 Bath

768 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 768 sqft

Price per Sqft $156

Subdivision North Plaza

MLS Listing ID 22109840

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1953

Tax Year 2024

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Single Family Residence

Property Description

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 portfolio available individually or as a package. Executed lease available upon request. Property sold as-is.

Location

State IN

County Marion

Rooms

Main Level Bedrooms 3

Interior

Interior Features Wood Work Painted, Eat-in Kitchen, Hi-Speed Internet Availbl

Heating Forced Air, Natural Gas

Cooling Central Air

Equipment None

Fireplace Y

Appliance None, Gas Water Heater

Exterior

Garage Spaces 1.0

Utilities Available Cable Available, Natural Gas Connected

Water Access Desc Public

Building

Story One

Foundation Crawl Space

Water Public

Architectural Style Bungalow

Structure Type Vinyl With Stone

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

Nearby Locations

Jason Terry

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(317) 678-7667

jason@bespoque.properties

760 S Rangeline Rd, Carmel, IN 46032-3035, USA

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3018 N Olney ST