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$265,000

3740-3732 Asbury Street, Indianapolis IN, 46227

Price per sqftN/A
Built in1937
Property typeMulti-family
Courtesy of Redfin Corporation, Antwon Culbreath Listing Contact:

Overview

Active

Listed Aug 26, 2026

Updated 4 weeks ago

Investor opportunity with immediate rental income and significant value-add potential! This property includes two well-maintained homes, a buildable lot situated between them, and an additional heated garage. Further maximize the property by finishing the basement, which already has a separate private entrance, into an additional unit or developing the middle lot for a third standalone property. Both homes are currently leased through summer 2027, with the 2-bedroom home renting for $1,400/month and the 1-bedroom home at $950/month. With established rental income, multiple expansion opportunities, potential for future rent growth, and a convenient location near the University of Indianapolis, this property offers strong long-term investment potential. Additional properties from the same portfolio are also available for purchase.

$1,763/mo

Est. mortgage payment based on a $265,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
22122499

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.44 Acres

Other Property Details

Garage
Yes

Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Alicia Buckley shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 2:33 AM UTC on 9/6/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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