$149,899

beds

bath

half bath

1,044

square ft

3130 N Olney Street

Indianapolis, Indiana 46218

Active / MLS #22109591 / Single Family / Martindale - Brightwood - Indianapolis

Listing information updated 8/8/2026 at 10:46am

Strong-yield investment opportunity on Indianapolis' near northeast side, offered at $149,899 and leased at $1,735 per month, one of the highest rent-to-price ratios in this portfolio. Built in 1968, this is the newest building in the group, offering three bedrooms, one full and one half bathroom, and approximately 1,044 square feet on a slab foundation. The property is currently occupied under a one-year lease with approximately eight months remaining, delivering income from the closing table with no turnover or lease-up period. System ages include roof at eight to ten years, furnace and air conditioning at six to eight years, water heater at four years, and flooring at two to four years, with no reported plumbing or electrical issues. The property has required one maintenance call in the last six months and the tenant pays all utilities. No open code violations or liens. Located just east of the Indiana State Fairgrounds and minutes from Brookside Park in a corridor attracting continued reinvestment. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Current rent roll available upon request. Property sold as-is.

Full Features

Architecture Style:

Ranch

Exterior Type:

Vinyl Siding,Wood Siding

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Refrigerator, Gas Water Heater

Main Level Primary Bedroom:

Yes

Pool:

Age:

58 Years

Room Count:

Square Feet:

1,044

Lot Size:

0.13 Acres

Acreage:

0.13

Internal Features:

Attic Access, Central Vacuum, Eat-in Kitchen

Room Information

Living Room:

14x16 - Main

Kitchen:

12x11 - Main

Primary Bedroom:

14x13 - Main

2nd Bedroom:

12x11 - Main

3rd Bedroom:

12x11 - Main

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2024

Location

Zip Code:

46218

City:

Indianapolis

County:

Marion

Schools

School District(s):

Indianapolis Public Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Architecture Style:

Ranch

Exterior Type:

Vinyl Siding,Wood Siding

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Refrigerator, Gas Water Heater

Main Level Primary Bedroom:

Yes

Pool:

Age:

58 Years

Room Count:

Square Feet:

1,044

Lot Size:

0.13 Acres

Acreage:

0.13

Internal Features:

Attic Access, Central Vacuum, Eat-in Kitchen

Living Room:

14x16 - Main

Kitchen:

12x11 - Main

Primary Bedroom:

14x13 - Main

2nd Bedroom:

12x11 - Main

3rd Bedroom:

12x11 - Main

Tax Amount:

N/A

Tax Year:

2024

Zip Code:

46218

City:

Indianapolis

County:

Marion

School District(s):

Indianapolis Public Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: @properties

Listing Office Phone: 317.476.3338

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/8/2026 at 10:46am. 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.