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3259 Nicholas Avenue

Indianapolis, IN 46218

ActiveListed Oct 7, 2026 · 3 days on market

Key facts

Beds
2
Baths
1 full
Living area
1,330 sqft
Lot
0.47 acres
Year built
1955
Type
Residential · Single Family Residence
Stories
One and one half
Garage
2 spaces
MLS #
22024016
County
Marion
Subdivision
Hamps
Total building area
2,110 sqft

About this home

INVESTOR OPPORTUNITY - INCOME-PRODUCING RENTAL! Great opportunity to add a cash-flowing property to your portfolio. This 2-bedroom, 1-bath single-family home is currently rented for $1,300 per month with long-term tenants who have occupied the property for several years. (Section 8) Located in an up-and-coming neighborhood with growing rental demand, this property offers immediate rental income with potential for future rent growth. Property is being sold AS-IS. Ideal for investors looking for an established rental with income already in place.

Description provided by the listing brokerage.

Interior

Appliances
Gas OvenRefrigerator
Interior features
Entrance Foyer
Rooms
5
Main-level bedrooms
1

Exterior

Construction
Wood Siding
Foundation
Block
Style
Colonial
Parking and garage
Detached

Systems

Heating
Gas
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,808 / yearTwice the semi-annual installment the listing reports.
Tax year
2023

Estimate your monthly payment

$825per month, estimated
Principal and interest $630Property tax $151Insurance $44
20% · $25,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$125,000
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