This adorable duplex offers 2 bedrooms and 1 full bath per unit and is ready to generate steady income from day one. Major mechanical updates have already been completed for peace of mind - both HVAC systems were replaced in 2022, and both water heaters were replaced in 2021. Property is being sold as-is with no known defects. The 3637 unit has been fully updated and is move-in ready, perfect for a new tenant or owner-occupant. The 3639 unit is currently tenant-occupied, leased at $895 per month with a lease in place through July 2026, providing reliable rental income for years to come. Located in desirable Franklin Township, this property offers strong income potential, with updated units in the area leasing for $1,200+ per month. Whether you're looking to add to your investment portfolio or live in one side while renting the other, this turnkey duplex is a fantastic opportunity you won't want to miss!
Great investor opportunity! This updated brick and stone Franklin Township double is ready for your finishing touches! Both units feature beautiful refinished hardwood floors and updates throughout! Each side has a great room, kitchen, two bedrooms, one bathroom and a laundry room. There is ample parking on the concrete pad and gravel driveway. Updates include: air conditioning, sump pump, kitchen & bathroom flooring, new tubs & surrounds. Nice location w/easy access to interstates 465 & 70.
MIBOR as Distributed by MLS Grid #2916224
Oct 1, 2009
Listing Removed
—
Apr 3, 2009
Listed
$125,000
Year
Property tax
Land + Additions
Assessment*
2025
$4,691 (+5.6%)
$13,200 + $212,200
$225,400
2024
$4,443 (+5.0%)
$13,200 + $200,000
$213,200
2023
$4,232 (+3.2%)
$13,200 + $200,000
$213,200
2022
$4,100 (+34.5%)
$13,200 + $189,600
$202,800
2021
$3,048 (+9.9%)
$13,200 + $130,800
$144,000
2020
$2,773 (+4.4%)
$13,200 + $130,800
$144,000
2019
$2,655 (+6.4%)
$13,200 + $117,200
$130,400
2018
$2,496 (−3.7%)
$11,300 + $113,400
$124,700
2017
$2,592 (+3.3%)
$11,300 + $110,600
$121,900
2016
$2,508 (+31.4%)
$11,300 + $110,600
$121,900
2015
$1,909 (+1.7%)
$11,300 + $106,600
$117,900
2014
$1,878
$11,300 + $84,200
$95,500
2013
$1,878
$11,300 + $82,600
$93,900
Tax history for 3637 Ferguson Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,691 (+5.6%)
$13,200 + $212,200
$225,400
2024
$4,443 (+5.0%)
$13,200 + $200,000
$213,200
2023
$4,232 (+3.2%)
$13,200 + $200,000
$213,200
2022
$4,100 (+34.5%)
$13,200 + $189,600
$202,800
2021
$3,048 (+9.9%)
$13,200 + $130,800
$144,000
2020
$2,773 (+4.4%)
$13,200 + $130,800
$144,000
2019
$2,655 (+6.4%)
$13,200 + $117,200
$130,400
2018
$2,496 (−3.7%)
$11,300 + $113,400
$124,700
2017
$2,592 (+3.3%)
$11,300 + $110,600
$121,900
2016
$2,508 (+31.4%)
$11,300 + $110,600
$121,900
2015
$1,909 (+1.7%)
$11,300 + $106,600
$117,900
2014
$1,878
$11,300 + $84,200
$95,500
2013
$1,878
$11,300 + $82,600
$93,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.34 Acres
Year renovated
1967
Sq. Ft.
880
Year built
1967
Style
Multi-Family (2-4 Unit)
County
Marion County
APN
491025103027000300
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
C3
METRO
Neighborhood Commercial District
The C-3 District is for the development of an extensive range of retail sales and personal, professional and business services required to meet the demands of a fully developed residential neighborhood, regardless of its size. Examples of such types of uses include neighborhood shopping centers, sales of retail convenience or durable goods, shopping establishments, retail and personal and professional service establishments. At this neighborhood scale of retail, a fine-grain of accessibility requisite for all modes of travel must be provided and maintained. It does not make provision, however, for those businesses that draw customers in significant numbers from well beyond a neighborhood boundary and are, therefore, unusually heavy traffic generators, such as theaters. It does not allow those businesses that require the outdoor display, sale or storage of merchandise; or require outdoor operations. In general, to achieve maximum flexibility of permitted land use, the C-3 District makes possible a highly varied grouping of indoor retail and business functions.
Zone overlays
Metro Context Area
Permitted uses
Include but are not limited to:
General retail
Retail-Grocery
Restaurant
Hospital / medical center
Rehabilitation center
Housing-Other
Bed & breakfast
Office
Medical office
Ground transport
May 11, 2011 • Final
Sewer connection
Install a new sanitary lateral connection.
Plumbing
Aug 7, 2001 • Active
Wrecking permit-1-2 family
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Laundry Room Information
Laundry Features: Main Level
Heating & Cooling
Heating Information: Forced Air, Natural Gas
Cooling Information: Central Air
Multi-Family Financial Information
Gross Income: 10740
Expenses: 0
Multi-Unit Information
# of Units: 2
Exterior
Property Features
Conversion: No
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Land Information
Current Use: Residential
Acres: 1/4-1/2 Acre
Lot Information
Lot Size Acres: 0.35
Road Access: Access Rd
Utilities
Utility Information
Solid Waste Information: Yes
Building Utilities: Municipal Storm Connected,Private Well,Sewer
Location
School Information
Middle Or Junior High School: Franklin Central Junior High
High School: Franklin Central High School
High School District: Franklin Township Com Sch Corp
Location Information
Directions: GPS Friendly
Tax Legal Description: Wildwood Suburban Home Add Pt L1 Beg 94.41Ft Nof Sw Cor N 94.41Ft E 160Ft S 94.41Ft W 160Ftto Beg
Community Information
Low Maintenance Lifestyle YN: No
Public facts
Beds: 2
Baths: —
Sq. Ft.: 880
Stories: 1.0
Lot Size: 0.34 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1967
Year Renovated: 1967
County: Marion County
APN: 491025103027000300
Home facts updated by county records on Jul 29, 2026
Other
Home Information
Foundation Details: Block
Levels: One
Around this home
Schools
Thompson Crossing Elementary School
Public K-3 • Assigned • 1.5mi
5/10
Franklin Central Junior High
Public 7-8 • Assigned • 3.8mi
5/10
Franklin Central High School
Public 9-12 • Assigned • 2.7mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46239
Average low and high temperatures (°F)
32
17
41
25
60
39
68
47
71
53
82
65
86
70
83
64
80
58
70
47
53
38
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$262,000 – $317,000
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