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Side-by-Side Ranch Duplex
For Sale
$179,000

3140 Asbury Street, Indianapolis, IN 46237

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.30 Acres
Days on Market77

Property Features for 3140 Asbury Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning ZO01
Exterior features Storage
Subdivision Dillehays Southern Acres
Lot features Access, Corner Lot, Curbs, Irregular Lot, Street Lights, Mature Trees
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Active
APN 491030130002001501
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Dillehays Southern Acres 3rd Sec L95 & L96
Legal Description Dillehays Southern Acres 3rd Sec L95 & L96

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

off-street driveways
private garage
storage shed
central heat and air
laundry area

Building Details

Year built 1960
Floors in Building 1
Number of units 2
Building materials Vinyl With Brick
Roof type Shingle
Architectural style Ranch
Additional Structures Storage
Listing Agency: Keller Williams Indpls Metro N · Keller Williams Realty
Listed By: Peter Stewart · License #RB15000083
Added: Jun 16 Changed: Aug 31 Last Checked: Aug 31 at 8:06PM
MLS# 22087674

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1960, this side-by-side ranch duplex contains two matching residences, each with 2 bedrooms, 1 full bath, and 728 square feet. The left unit is vacant and includes laminate flooring, a living room, dining area, central heat and air, full-size laundry connections, and a kitchen ready for cosmetic updating. Its bathroom includes a tiled tub and shower surround. The right unit is occupied and provides the property’s existing rental income.

The building has a brick front, low-maintenance vinyl siding, and a shingle roof. Each residence has a dedicated off-street driveway; the left side also includes a private garage, while the right side has a large storage shed. The duplex sits on a flat 0.30-acre lot with front and rear yard areas. Located at 3140 Asbury Street in Indianapolis, the property is near University Heights, Garfield Park, Sarah Shank Golf Course, and Sarah T. Bolton Park, with downtown Indianapolis approximately 10 minutes away.

Key Highlights

  • Two‑unit side‑by‑side ranch duplex with 2 bedrooms, 1 full bath, and 728 square feet per unit
  • Vacant left unit with laminate flooring, central heat and air, full‑size laundry area, and updated bathroom fixtures
  • Separate off‑street driveways; left unit includes a private garage and right unit has a large storage shed

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Skin Care Clinic Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

357
Businesses Nearby

Demographics for 46237, IN

44,378
Population
17,660
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
89%
High-School Grad
14.7 sq mi
ZIP Area
3,019
Density / Sq Mi
$76,676
Median Household Income
$47,742
Median Earnings
$1,272
Median Rent
$216,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two mirrored residences offer separate driveways, private outdoor areas, and distinct storage features.
Where is this duplex located?
The property is located at 3140 Asbury Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side ranch duplex with 2 bedrooms, 1 full bath, and 728 square feet per unit; Vacant left unit with laminate flooring, central heat and air, full‑size laundry area, and updated bathroom fixtures; Separate off‑street driveways; left unit includes a private garage and right unit has a large storage shed
More about this property
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