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.
Active
Price cut: $100 (7/29)
$119,900
3018 N Olney St, Indianapolis, IN 46218
3beds
768sqft
Residential, Single Family Residence
Built in 1953
5,227 Square Feet Lot
$115,200 Zestimate®
$156/sqft
$-- HOA
What's special
Brick constructionSlab foundation
- 68 days
- 67
- 2
Zillow last checked:
Listing updated:
Listed by:
Max Moore 317-476-3338,
@properties,
Kenneth Fletcher,
@properties
Source: MIBOR as distributed by MLS GRID,MLS#: 22109840
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14x11
Bedroom 2
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 3
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Kitchen
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16x14
Living room
- Level: Main
- Area: 192 Square Feet
- Dimensions: 16x12
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: None, Gas Water Heater
Features
- Eat-in Kitchen, High Speed Internet
- Windows: Wood Work Painted
- Has basement: No
Interior area
- Total structure area: 768
- Total interior livable area: 768 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 490720108112000101
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl With Stone
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: North Plaza
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $156/sqft
- Tax assessed value: $41,500
- Annual tax amount: $1,026
- Date on market: 6/26/2026
- Cumulative days on market: 72 days
Estimated market value
$115,200
$109,000 - $121,000
$1,128/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Price change | $119,900-0.1%$156/sqft |
Source:  MIBOR as distributed by MLS GRID #22109840 Report a problem | ||
| 6/26/2026 | Listed for sale | $120,000+220%$156/sqft |
Source: MIBOR as distributed by MLS GRID #22109840 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/19/2019 | Listing removed | $37,500$49/sqft |
Source: Owner Report a problem | ||
| 9/22/2019 | Price change | $37,500-3.8%$49/sqft |
Source: Owner Report a problem | ||
| 9/18/2019 | Price change | $39,000-13.3%$51/sqft |
Source: Owner Report a problem | ||
| 9/8/2019 | Price change | $45,000-6.3%$59/sqft |
Source: Owner Report a problem | ||
| 8/9/2019 | Price change | $48,000-7.7%$63/sqft |
Source: Owner Report a problem | ||
| 7/12/2019 | Price change | $52,000-16.1%$68/sqft |
Source: Owner Report a problem | ||
| 5/31/2019 | Listed for sale | $62,000+138.5%$81/sqft |
Source: Owner Report a problem | ||
| 9/27/2017 | Listing removed | $725$1/sqft |
Source: Owner Report a problem | ||
| 9/19/2017 | Listed for rent | $725+4.3%$1/sqft |
Source: Owner Report a problem | ||
| 6/20/2017 | Listing removed | $695$1/sqft |
Source: Owner Report a problem | ||
| 6/18/2017 | Price change | $695-7.3%$1/sqft |
Source: Owner Report a problem | ||
| 6/4/2017 | Listed for rent | $750+15.4%$1/sqft |
Source: Owner Report a problem | ||
| 2/17/2017 | Sold | $26,000-7.1%$34/sqft |
Source: Agent Provided Report a problem | ||
| 1/5/2017 | Price change | $28,000-6.4%$36/sqft |
Source: No Limit Real Estate, LLC #21404936 Report a problem | ||
| 8/13/2016 | Price change | $29,900-8%$39/sqft |
Source: No Limit Real Estate, LLC #21404936 Report a problem | ||
| 7/21/2016 | Price change | $32,500-12.2%$42/sqft |
Source: No Limit Real Estate, LLC #21404936 Report a problem | ||
| 6/28/2016 | Price change | $37,000+5.7%$48/sqft |
Source: No Limit Real Estate, LLC #21404936 Report a problem | ||
| 3/18/2016 | Listed for sale | $35,000+75%$46/sqft |
Source: No Limit Real Estate, LLC #21404936 Report a problem | ||
| 10/1/2015 | Listing removed | $650$1/sqft |
Source: Blue Properties Report a problem | ||
| 8/27/2015 | Listed for rent | $650$1/sqft |
Source: Blue Properties Report a problem | ||
| 6/29/2012 | Listing removed | $650$1/sqft |
Source: RPM Central Indiana Report a problem | ||
| 3/23/2012 | Listed for rent | $650$1/sqft |
Source: RPM Central Indiana Report a problem | ||
| 10/21/2010 | Sold | $20,000+21.2%$26/sqft |
Source: Public Record Report a problem | ||
| 4/7/2009 | Sold | $16,500+73.7%$21/sqft |
Source: MIBOR as distributed by MLS GRID #2864248 Report a problem | ||
| 10/11/2007 | Sold | $9,500-57.5%$12/sqft |
Source: MIBOR as distributed by MLS GRID #2731649 Report a problem | ||
| 5/18/2007 | Sold | $22,343$29/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,025 -2.7% | $41,500 -3.9% |
| 2024 | $1,054 +23% | $43,200 -2.5% |
| 2023 | $857 +21.6% | $44,300 +22.4% |
| 2022 | $705 +34% | $36,200 +19.1% |
| 2021 | $526 -0.6% | $30,400 +33.9% |
| 2020 | $529 +16.8% | $22,700 +1.3% |
| 2019 | $453 -19.8% | $22,400 +17.9% |
| 2018 | $564 +40.6% | $19,000 +11.8% |
| 2017 | $401 +27.4% | $17,000 +8.3% |
| 2016 | $315 +1.9% | $15,700 +9.8% |
| 2014 | $309 +77% | $14,300 -32.9% |
| 2013 | $175 | $21,300 +1.9% |
| 2012 | $175 | $20,900 -3.7% |
| 2011 | -- | $21,700 |
| 2010 | $169 -8.4% | $21,700 -17.8% |
| 2009 | $185 | $26,400 +4.8% |
| 2007 | -- | $25,200 -15.2% |
| 2006 | -- | $29,700 +1.7% |
| 2005 | -- | $29,200 |
| 2004 | -- | $29,200 |
| 2003 | -- | $29,200 +133.6% |
| 2002 | -- | $12,500 +199.8% |
| 2001 | -- | $4,170 |
| 2000 | -- | $4,170 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Martindale-Brightwood
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