$119,900

beds

bath

768

square ft

3018 N Olney Street

Indianapolis, Indiana 46218

Active / MLS #22109840 / Single Family / Martindale - Brightwood - Indianapolis

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

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.

Full Features

Architecture Style:

Bungalow

Exterior Type:

Vinyl With Stone

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

None, Gas Water Heater

Main Level Primary Bedroom:

Yes

Pool:

Age:

73 Years

Parking Spaces:

Garage:

Garage - 1 Car(s)

Room Count:

Square Feet:

768

Lot Size:

0.12 Acres

Acreage:

0.12

Internal Features:

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

Room Information

Living Room:

16x12 - Main

Kitchen:

16x14 - Main

Primary Bedroom:

14x11 - Main

2nd Bedroom:

13x11 - Main

3rd Bedroom:

11x11 - 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:

Bungalow

Exterior Type:

Vinyl With Stone

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

None, Gas Water Heater

Main Level Primary Bedroom:

Yes

Pool:

Age:

73 Years

Parking Spaces:

Garage:

Garage - 1 Car(s)

Room Count:

Square Feet:

768

Lot Size:

0.12 Acres

Acreage:

0.12

Internal Features:

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

Living Room:

16x12 - Main

Kitchen:

16x14 - Main

Primary Bedroom:

14x11 - Main

2nd Bedroom:

13x11 - Main

3rd Bedroom:

11x11 - 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.