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  • $278,157

    3312 W 58th St, Indianapolis, IN 46228

    5beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1957
    -- sqft lot
    $278,200 Zestimate®
    $--/sqft
    $1,703 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: July 01, 2025 at 10:52am

    Listing Provided by:

    Will Lonnemann Will@LonnemannTeam.com,

    F.C. Tucker Company,

    Becky Douglas 317-946-6562,

    F.C. Tucker Company

    Bought with:

    Todd Cook

    Keller Williams Indy Metro S

    Source: MIBOR as distributed by MLS GRID,MLS#: 22036781MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    Heating
    • Has Heating (Unspecified Type)
    Appliances
    • Laundry: Connections All, Main Level, Other
    Features
    • Has basement: No

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Concrete
    • Attached garage spaces: 2
    • Details: Unit Parking(2 Car Garage, 2 Car Space, On Street)
    Features
    • Levels: One
    • Stories: 1
    • Fencing: Fenced,Chain Link,Fence Full Rear
    Lot
    • Size: 0.52 Acres
    • Features: Corner Lot, Not In Subdivision, Mature Trees
    Details
    • Parcel number: 490604103012000800

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family, Duplex
    Materials
    • Stone
    • Foundation: Full
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1957

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: Town & Country Estates

    Other

    Other facts
    • Road surface type: Asphalt
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $278,200

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $278,200