3018 Olney

Indianapolis, IN

$119,900

3018 Olney, Indianapolis, IN 46218

Indianapolis, IN 46218 · North Plaza

MLS# MBR22109840

Listed 47 days ago

3 Beds
1 Baths
768 Sq. Ft.

About this home

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.

Property Details

Type
Residential
Year Built
1953
Lot Size
0.12 acres
Listed
47 days ago
County
Marion
Listing Office
@properties
Listing Agent
Max Moore

Mortgage Calculator

Estimate principal and interest for this listing.

$
%

$23,980

%

Estimated monthly payment

$606/mo

Principal & interest
$606
Loan amount
$95,920

Estimate only — not MLS listing data. Does not include taxes, insurance, or other costs. Rates change daily.

Listed by @properties with Max Moore. Contact max@atpropertiesind.com.

Similar Homes in Indianapolis

1121 N Kealing Avenue, Indianapolis
$97,700

3 Beds • 2 Baths · 1,195 Sq. Ft.

1121 N Kealing Avenue

Indianapolis, IN 46201

The Real Estate Agency

762 42nd, Indianapolis
$170,000

3 Beds • 2 Baths · 1,344 Sq. Ft.

762 42nd

Indianapolis, IN 46205

Mark Dietel Realty, LLC

5662 Misty Ridge, Indianapolis
$240,000

2 Beds • 2 Baths · 1,340 Sq. Ft.

5662 Misty Ridge

Indianapolis, IN 46237

Ever Real Estate, LLC

Indiana Regional MLSMIBOR Broker Listing Cooperative

Listings displayed by Mark Dietel Realty

Based on information submitted to the MLS GRID as of September 22, 2026 at 4:17 PM EDT. 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.

IRMLS is the source of this listing information as distributed by MLS GRID.

The compilations of listings and each individual listing are © 2026 MLS GRID. All rights reserved. The listing content is owned by the MLS GRID and is protected by federal copyright law.

IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by IRMLS as amended from time to time.

Some IDX listings have been excluded from this website.

Please report suspected listing-data inaccuracies to Mark Dietel Realty. Contact us or call (317) 426-9911.

Copyright complaints: DMCA notice.

MIBOR Broker Listing Cooperative® Disclaimer

© 2026 MIBOR REALTOR® Association

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service.

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

IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the Broker Listing Cooperative listing service as of September 22, 2026 at 4:17 PM EDT. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.

Based on information submitted to the MLS GRID as of September 22, 2026 at 4:17 PM EDT. 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.