Skip to content

3830 S Olney Street

Indianapolis, IN 46237

PendingListed Oct 22, 2025 · 311 days on market

Key facts

Beds
4
Baths
4 full
Living area
3,078 sqft
Lot
0.42 acres
Year built
1953
Type
Residential · Single Family Residence
Stories
Two
Garage
4 spaces
MLS #
22068749
County
Marion
Subdivision
Sherman Drive Park
Total building area
3,861 sqft

About this home

Currently two living units! A Large Main House and an attached In-Law Apartment with a separate entrance. Could easily be recombined or remain separate. The in-law apartment is currently leased. A great income or multi-generational opportunity near the University of Indianapolis. Garage space for at least five cars with additional storage/workshop! The main portion of the home features a heated sunroom floor, pellet stove fireplace in the living room, and large, open spaces for versatility. The in-law suite is at the back with entrances on both the main floor and upstairs via an exterior staircase. An in-ground pool is perfect for these warm summer days. Utilities are not separate. Tenants in the apartment may leave six months after closing.

Description provided by the listing brokerage.

Interior

Appliances
Disposal
Interior features
Hi-Speed Internet AvailblIn-Law FloorplanSupplemental Storage
Other rooms and areas
Bedroom Other on MainLaundry in Unit
Basement
Unfinished
Fireplaces
1
Laundry
Laundry Room
Rooms
12
Main-level bedrooms
3

Exterior

Exterior features
Storage
Patio and porch
CoveredPatio
Construction
BrickVinyl Siding
Foundation
Block
Style
Bungalow
Parking and garage
DetachedAsphaltStorageWorkshop in Garage
Pool
FencedIn GroundOutdoor PoolPool Cover
Private pool
Yes
Fencing
Partial
Other structures
Outbuilding

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public
Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Lot features
City LotMature TreesSee Remarks

Schools

High school
Perry Meridian High School
School district
Perry Township Schools

Taxes

Estimated annual tax
$3,706 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,791per month, estimated
Principal and interest $1,386Property tax $309Insurance $96
20% · $54,980
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.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$274,900
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.