Cash-Flowing Duplex in Indianapolis - $1,375/Month Income Address: 3063-3065 N Colorado Ave, Indianapolis, IN 46218 Great investment opportunity! This fully rented duplex generates steady cash flow: 2 units - each 2 bed / 1 bath, about 800 sqft + full unfinished basement on a corner lot. Both units currently rented 3063 at $700/month - lease agreement ends 9/30/25 3065 at $675/month - lease agreement ends 4/30/26 Tenants pay electricity and gas. Owner pays for water and sewer. Professional property management in place Perfect for investors looking for immediate income with minimal headaches. 3065: New furnace, newer water heater, gas stove included (the refrigerator belongs to tenant) 3063: new refrigerator, furnace 10 years old, newer water heater, gas stove included
Sold
$115,000
3065 N Colorado Ave, Indianapolis, IN 46218
4beds
2baths
--sqft
Multi Family, Duplex
Built in 1942
-- sqft lot
$115,000 Zestimate®
$--/sqft
$1,142 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 03:08pm
Listing Provided by:
Katrina Matheis 317-460-4230,
Ever Real Estate, LLC
Bought with:
Nigel Barretto
eXp Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22043269

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Main level bathrooms: 4
Heating
- Natural Gas
Cooling
- Separate Meters
Appliances
- Laundry: Connections All
Features
- Basement: Unfinished
Property
Parking
- Details: Unit Parking(On Street)
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,227 sqft
- Features: Corner Lot
Details
- Parcel number: 490721134114000101
- Zoning: D5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow,Traditional
- Property subtype: Multi Family, Duplex
Materials
- Aluminum Siding, Wood Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1942
Community & neighborhood
Security
- Security features: Smoke Alarm
Location
- Region: Indianapolis
- Subdivision: Robinwood
Services availability
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Estimated market value
$115,000