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8315 E 36th Place

Indianapolis, IN 46226

3 beds
2 baths
1,181 sqft
14,201 sqft lot
$101 per sqft
1960 build

Investor alert! This is your opportunity to secure a cash-flowing property with built-in upside potential. Currently rented at $900 per month through January 2025, this turnkey 3-bedroom, 1.5-bath ranch home provides immediate income and a strong foundation for long-term gains. Once the lease expires, you can adjust the rent to match current market rates-or go even further and tap into the Section 8 program. With the IHA rate for a 3-bedroom property in Marion County at $2,110, you'll quickly surpass the coveted 1% rule and significantly boost your monthly cash flow. Located on the far east side of Indianapolis, your tenants will appreciate the convenience of being just minutes from Pendleton Pike's abundant shopping and dining options, close to the expansive Fort Harrison State Park for weekend recreation, and near major freeways for easy commutes. Dubarry Park is only a few blocks away, adding to the property's appeal. Plus, the newly installed HVAC system ensures low-maintenance comfort. Whether you're new to real estate investing or looking to add a stable, cash-flow-focused asset to your portfolio, this property is already working for you-and there's room to grow. Don't let this rare opportunity slip by!

Listing courtesy of MIBOR / Keller Williams Indpls Metro N

Last checked: Checking… • Last updated Dec 20, 2024 •

MLS# 22015467 —

The Building

Year Built:

1960
New Construction:

false
Construction Materials:

Aluminum Siding
Architectural Style:

TraditonalAmerican
Levels:

One
Basement:

false
Foundation Details:

Slab
Patio And Porch Features:

Open Patio, Porch Open
Exterior Features:

Storage Shed
Accessibility Features:

No
Green Certification:

No
Building Area Total:

1181

Interior

Rooms:

6
Rooms Total:

6
Rooms Total:

6
Interior:

Living Room Formal
Interior Features:

Entrance Foyer, Eat-in Kitchen
Eating Area:

Dining Combo/Kitchen
Laundry Features:

Main Level

Room Dimensions

SqFt:

1181
Main Level SqFt:

1181
Living Area:

1181

Location

Directions:

GPS Friendly
Latitude:

39.822586
Longitude:

-86.021302

The Property

View:

true
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Parcel Number:

490819112152000701
Acres:

1/4-1/2 Acre
Lot Features:

Mature Trees
Lot Size Acres:

0.33
Lot Size SqFt:

14,201 Sqft
Price Per Acre:

363636
Additional Parcels:

false
View:

false
Waterfront:

false
Fencing:

Chain Link, Partial
Horse Amenities:

None
Fence:

Yes

Listing Agent

Contact info:

Taxes

Tax Lot:

18
Tax Year:

2023
Tax Exemptions:

None
Semi Annual Property Tax Amt:

1063

Beds

Beds:

3
Bedrooms:

3
Bedrooms Total:

3
Main Level Bedrooms:

3

Baths

Baths:

2
Full Baths:

1
Full Baths:

1
Half Baths:

1
Half Baths:

1
Full Baths Main:

1
Half Baths Main:

1

The Listing

Virtual Tour Branded:

Virtual Tour
Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Forced Air, Gas
Cooling:

Central Electric

Utilities

Utilities:

Cable Connected, Gas
Water Source:

Municipal/City
Solid Waste:

Yes

Appliances

Appliances:

Dishwasher, Dryer, Electric Water Heater, Electric Oven, Range Hood, Refrigerator, Washer

Schools

High School District:

Indianapolis Public Schools

The Community

Subdivision Name:

North Eastwood
Spa:

false
Pool Private:

false
Association:

false

Parking

Parking Features:

Attached
Garage:

true
Garage Spaces:

1
Garage SqFt:

240

Monthly cost estimate

Asking price

$120,000

Expense	Monthly cost
Mortgage	$642
Taxes	$177
Insurance	$33
Utilities	$120 See report
Total	$972/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

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Bike Score®

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Transit Score®

Provided by WalkScore® Inc.

Soundscore™

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Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
12/20/24 Dec 20, 2024	Listed / Active	MIBOR	$120,000	14.3% (14.3% / YR)
12/21/23 Dec 21, 2023		MIBOR	$105,000	-4.5%
11/17/23 Nov 17, 2023		MIBOR	$110,000

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This house located in Far Eastside, Indianapolis, IN 46226 is currently for sale for $120,000. 8315 E 36th Place is a 1,181 square foot house with 3 beds and 2 baths. 8315 E 36th Place is in the Far Eastside neighborhood of Indianapolis and has a WalkScore® of 41, making it car-dependent. This house is in the attendance area of George H. Fisher School 93, Arlington Middle School, George Washington Community High School, Riverside High School, and Arsenal Technical High School.

Listing Courtesy of: MIBOR and Keller Williams Indpls Metro N.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service