3312 W 58th ST Pending Save Request In-Person Tour Request Virtual Tour
Indianapolis,IN 46228
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
Virtual Tour https://www.zillow.com/view-imx/59b7bded-a761-4faa-85ea-b94bfabe2c6b?wl=true&setAttribution=mls&initialViewType=pano