See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

3117 N Arsenal Ave, Indianapolis, IN, 46218

2beds
1baths
1,186sqft
$200,000
$169price/sqft
$1,785/moest. monthly cost
$71,400/yrincome needed

About This Home

Welcome to this adorable 2 bedroom, 1 bathroom bungalow located at 3117 N. Arsenal Ave. This gem has been thoughtfully updated and is move-in ready! Recent upgrades include a newer roof, water heater, flooring, appliances, and fixtures. All major mechanicals have been updated within the last five years, offering added peace of mind. The updated bathroom adds a modern touch as well! Conveniently located just a short walk to Douglas Park and only minutes away from the Monon Trail. This beauty is fully loaded and ready for its next owner OR turnkey income providing for an investor! Schedule your private showing now!

Getting Around

25
WalkingCar-Dependent
36
TransitSome Transit
57
BikeBikeable

Schools

2/10
Arlington Woods School 99Grades PK-61.4 mi
2/10
Shortridge High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1949

Materials

  • Foundation: Crawl Space
  • Construction materials: Cement Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Electric Cooktop,Electric Water Heater,Microwave,Electric Oven,Refrigerator
  • Laundry features: In Unit

Bedroom2

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Family Room

  • Level: Main
  • Area: 144
  • Dimensions: 12x12

Features

  • Attic Access
  • Attic: Access Only

Heating & Cooling

  • Heating features: Electric
  • Cooling features: None,Window Unit(s)

Interior Area

  • Total structure area: 1,186
  • Total interior livable area: 1,186 sqft

Kitchen

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Living Room

  • Level: Main
  • Area: 144
  • Dimensions: 12x12

Master Bedroom

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Property

Details

  • Parcel number: 490719132264000101
  • Special condition: As Is
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered
  • Fencing: Fenced,Full

Lot

  • Lot size: 6,969 sqft

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,011$12,132
Home Insurance *$254$3,048
Property Taxes $336$4,032
Electricity $184$2,212
Total$1,785$21,420
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$61,200/yr
40% on housing$53,550/yr
45% on housing$47,600/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$169This listing

vs Other Active Listings

Avg $/sqft

ZIP 46218$77
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46218$77
Marion County$131

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-02Listed for sale$200,000

For Sale by Agent

AgentMichelle Hammes
BrokerageKeller Williams Indy Metro NE

Similar Homes