Price Reduction
Address
3018 N Olney Street, Indianapolis, IN
Price
$ 119,900
Property Attributes
- MLS#22109840
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaCenter
- NeighborhoodNorth Plaza
- Zip46218
- StyleBungalow
- Year Built1953
- Taxes$ 1026
- Price$ 119,900
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage768
- Lot Size0.12 Acres
Data Source:
MIBOR Broker Listing Cooperative
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.
| Price History | |
|---|---|
| 6/26/2026 | Listed $120,000 |
| 7/29/2026 | 1$119,900 |
General Features
| Heating | Forced Air,Natural Gas |
|---|---|
| Cooling | Central Air |
| Utilities | Cable Available,Natural Gas Connected |
| Possession | Closing |
| Appliances | None,Gas Water Heater |
| Garage Spaces | 1 |
| Architectural Style | Bungalow |
| Construction Materials | Vinyl With Stone |
| Year Built | 1953 |
| Township | Center |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | North Plaza |
| Garage Y/N | Yes |
| Total Rooms | 5 |
| Full Baths | 1 |
| Status | Active |
| Directions | GPS Friendly |
| City | Indianapolis |
| High School District | Indianapolis Public Schools |
| MLS Area | 4910 - Marion - Center |
| Lot Size Square Feet | 5009 |
| Property Attached Y/N | No |
| Standard Status | Active |
| Tax Lot | 490720108112000101 |
| Legal Description | North Plaza Add L38 |
Interior Features
| Interior Amenities | Wood Work Painted,Eat-in Kitchen,Hi-Speed Internet Availbl |
|---|---|
| Basement (Y/N) | No |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 3 |
| LivingAreaSource | Assessor |
| Total Baths | 1 |
Exterior Features
| Parking Features | Detached |
|---|---|
| Water Source | Public |
| Foundation Details | Crawl Space |
| Building Area Total | 768 |
| Lot Size Acres | 0.12 |
| Other Equipment | None |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46218
Price
Taxes
Year Built
Visits
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Last Updated: August 19, 2026 6:28 PM UTC
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on August 19, 2026 6:40 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
