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3312 W 58th Street, 
Indianapolis, IN 46228

$300,000


Bed


Bath


-

Sq Ft


Multi-Family


Virtual Tour

Pending

Listed by

Will Lonnemann

Becky Douglas

F.C. Tucker Company

317-686-0612

Last updated:

June 6, 2025, 07:30 AM

MLS#

22036781

Source:

IN MIBOR

About This Home

3312 W 58th Street

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.

Home Facts

Multi-Family

Built in 1957

Price Summary

300,000

MLS #:

22036781

Last Updated:

June 6, 2025, 07:30 AM

Added:

a month ago


Structure

Structure

Architectural Style:

Ranch

Year Built:

1957


Lot

Lot Size (Sq. Ft):

22,651


Finances & Disclosures

Finances

Price:

$300,000

Source:IN MIBOR
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.