3312 W 58th Street
Indianapolis, IN 46228
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1957 build
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.
Last checked:
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Checking…
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Last updated May 6, 2025
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MLS# 22036781 —
The Building
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Year Built:1957
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New Construction:false
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Construction Materials:Stone
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Architectural Style:Ranch
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Levels:One
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Roof:Shingle
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Basement:false
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Foundation Details:Crawl Space, Full
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Green Certification:No
Interior
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Laundry Features:Connections All, Main Level, Other
Location
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Directions:GPS Friendly
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Latitude:39.8580251
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Longitude:-86.2144099
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:490604103012000800
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Acres:1/2-1 Acre
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Lot Features:Corner Lot, Not In Subdivision, Mature Trees
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Lot Size Acres:0.52
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Lot Size SqFt:22,564 Sqft
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Price Per Acre:576923
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Structure Type:Duplex
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Fencing:Chain Link, Fence Full Rear
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Fence:Yes
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Current Use:Residential
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Road Access:Not Applic
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Road Frontage Type:City Street
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (317) 294-2667
- Office phone:
- (317) 686-0612
Taxes
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Tax Lot:8039319
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Tax Year:2024
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Semi Annual Property Tax Amt:1641.81
The Listing
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Virtual Tour Unbranded:
Heating & Cooling
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Heating:Natural Gas
Utilities
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Building Utilities:Sewer,Well
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Solid Waste:Yes
Schools
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High School District:MSD Washington Township
The Community
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Subdivision Name:Town & Country Estates
Parking
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Parking:2 Car Garage,2 Car Space,On Street
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Parking Features:Attached, Concrete
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Garage Spaces:2
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/5/25
May 5, 2025
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Listed / Active | MIBOR | $300,000 | 114.3% (9.8% / YR) |
|
9/27/13
Sep 27, 2013
|
MIBOR | $140,000 |
