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Listed by Will Lonnemann • F.C. Tucker Company
$300,000
Est. payment /mo
0.52 Acres Lot
Pending
3312 W 58th ST Indianapolis, IN 46228
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision Town & Country Estates
MLS Listing ID 22036781
Year Built 1957
Tax Year 2024
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Duplex
Property Description
Excellent Investment Opportunity in Washington Township - Duplex on Spacious Corner Lot Located in a highly convenient area of Indianapolis, this duplex presents a fantastic investment opportunity. Situated on a generous half-acre corner lot, the property includes two separately metered units with private entrances: 3312 W 58th St and 5807 Downing Dr. The larger unit at 3312 W 58th St offers 3 bedrooms, 1 bathroom, a 2-car garage, and a fenced backyard-ideal for families or long-term tenants. The smaller unit at 5807 Downing Dr features 2 bedrooms, 1 bathroom, a private driveway, and a side yard. Both units are currently leased to reliable, long-term tenants on month-to-month agreements. Rents are currently below market value-$900 for 3312 W 58th St and $500 for 5807 Downing Dr-leaving plenty of room for upside with modest cosmetic updates. Whether you're expanding your rental portfolio or seeking a flexible, income-producing property, this is a smart addition in a sought-after location. Minimum 24-hour notice required for all showings; subject to tenant approval and availability.
Location
State IN
County Marion
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
Roof Type Shingle
Building
Story One
Foundation Crawl Space, Full
Architectural Style Ranch
Structure Type Stone
New Construction false
Schools
School District Msd Washington Township
Others
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