3140 Asbury Street

Indianapolis, IN 46237

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. Utilities are not separately metered and are paid by the owner. 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.

Listing courtesy of Keller Williams Indpls Metro N (317) 450-9202



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Based on information submitted to the MLS GRID as of 2026-06-23 10:43 PM UTC. 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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