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3946 N College Avenue

Indianapolis, IN 46205

PendingListed Sep 1, 2026 · 24 days on market

Key facts

Lot
0.14 acres
Year built
1910
Type
Residential Income · Duplex
Stories
Two
Garage
1 space
MLS #
22123722
County
Marion
Subdivision
Ardmore

About this home

Investor Opportunity or Owner-Occupant Dream! Tastefully updated 3-bedroom, 2-bath duplex in a highly desirable location with strong rental demand. This well-maintained property offers a fantastic opportunity to live in one unit while generating income from the other - or add a turnkey investment to your portfolio. Each side features spacious living areas, updated finishes, and functional layouts designed for comfortable living. Improvements provide modern appeal while maintaining long-term durability. Tenant occupied, offering immediate income potential. Conveniently located near shopping, dining, schools, and major thoroughfares, this duplex combines location, flexibility, and cash-flow opportunity all in one. Whether you're looking to house hack or expand your investment portfolio, this is a property you won't want to miss.

Description provided by the listing brokerage.

Interior

Basement
Interior Entry
Laundry
Connections AllSink
Security
Smoke Detector(s)

Exterior

Exterior features
Fire Pit
Construction
Stucco
Foundation
BlockFull
Style
Traditional
Parking and garage
Gravel
Fencing
Partial

Systems

Heating
Forced Air
Cooling
Central Air

Lot and HOA

Lot features
SidewalksStorm SewerStreet LightsMature Trees
Zoning
MU2 & D5

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$7,496 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$3,051per month, estimated
Principal and interest $2,268Property tax $625Insurance $157
20% · $90,000
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$450,000
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