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Apartment for rent
  • $1,999/mo

    3114 N College Ave #16, Indianapolis, IN 46205

    6beds
    1,798sqft
    Price may not include required fees and charges.
    Apartment
    Available now
    Cats, dogs OK
    -- A/C
    Hookups laundry
    -- Parking
    -- Heating
    Contact manager for more details about this home.

    What's special

    Large covered porchThoughtfully designed bedroomsSpacious double unitMulti-generational living space
    BAD CREDIT OK HOMES ON PAYMENTS FIX-UP HOMES LOCATED IN INDIANAPOLIS, INDIANA 3114-16 N College Av Indianapolis, Indiana 46205 2 Unit . . . . . 3br, 1ba . . . . . No Garage Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $269,900 Monthly Payment . . . . . . . . . . . . . . . . . . . . . . $1999 Down Payment . . . . . . . . . . . . . . . . . . . . . . . $4000 **Charming Double in the Heart of Indianapolis A Savvy Investor's Dream Welcome to your next great investment opportunity a stunning and spacious double unit perfectly located in the vibrant city of Indianapolis! This property boasts a total of 6 bedrooms, with 3 thoughtfully designed bedrooms on each side, making it an ideal rental or multi-generational living space. Outside, enjoy your morning coffee or evening gatherings on the large covered porch an ideal spot for relaxation. Location is key here! Situated just steps away from the bus rapid transit line, residents will have quick access to all that downtown Indianapolis has to offer from major employers and cultural attractions to delicious dining options and vibrant nightlife. Our Homes on Payments Fix-Up Home Program offers home purchasing opportunities for families, individuals and investors in the Central Indiana area. Get qualified for a Homes on Payments home in just 3 days with little or nothing down. Our Homes on Payments homes are easy to qualify and bad credit is OK. Why throw your money away renting when you can purchase your own Homes on Payments home. Offered By: Rainbow Realty Group, Inc. The owners of Rainbow Realty Group, Inc. have been in the Real Estate Business since 1974. They have bought and sold over 1000 homes and have a reputation of being fair but firm. This Homes on Payments property has a sales price of $269,900 with $4000 down and $1999 monthly. Term is 30 years under a purchase contract at a fixed rate of interest (7.7%). There are. . . NO "pre-payment penalties". . . NO "balloon payments". . . NO "adjustable rates" or ANY "adverse conditions" to make you lose your property. Taxes ARE included in payment. The only way you will ever lose your home or property... is if YOU don't make your payments. All properties are offered in "AS-IS" condition to be used as investment income properties. Properties may not be rented, lived in or used as a dwelling until property is brought up to minimum habitability standards. Buyer agrees to pay the cost of all repairs and maintenance. DIY in Indianapolis and Central Indiana ... Rainbow Realty Group has a huge selection of Homes on Payments Homes This Homes on Payments property has a sales price of $269,900 with $4000 down and $1999 monthly. Term is 30 years under a purchase contract at a fixed rate of interest (7.7%). There are. . . NO "pre-payment penalties". . . NO "balloon payments". . . NO "adjustable rates" or ANY "adverse conditions" to make you lose your property. Taxes ARE included in payment. The only way you will ever lose your home or property... is if YOU don't make your payments. All properties are offered in "AS-IS" condition to be used as investment income properties. Properties may not be rented, lived in or used as a dwelling until property is brought up to minimum habitability standards. Buyer agrees to pay the cost of all repairs and maintenance.
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    Start saving for your dream home

    Consider a first-time homebuyer savings account designed to grow your down payment with up to a 6% match & 4.15% APY.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Appliances
    • Included: WD Hookup
    • Laundry: Hookups
    Features
    • WD Hookup
    • Flooring: Carpet, Hardwood
    Interior area
    • Total interior livable area: 1,798 sqft

    Property

    Parking
    • Details: Contact manager

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment

    Building

    Management
    • Pets allowed: Yes

    Community & HOA

    Location
    • Region: Indianapolis

    Financial & listing details

    • Lease term: Rent to Own

    Price history

    DateEventPrice
    6/24/2025Listed for rent$1,999$1/sqft
    Source: Zillow Rentals

    Neighborhood: Mapleton-Fall Creek