120 3rd Street Nw

Carmel, IN
$ 615,000 Beds 3 Baths 2 Sq 1,984
Monthly Estimate* How much can I afford?

Rare redevelopment opportunity in the heart of downtown Carmel! Just moments from the Carmel Arts & Design District, Main Street, Midtown Plaza, the Monon Trail, restaurants, shops, coffee, concerts and festivals, this 0.15-acre property offers an exceptional location for a custom luxury residence. Surrounded by impressive new construction and located within one of Carmel's most walkable areas, the property is being marketed primarily for its land value and redevelopment potential. The existing home is being sold strictly as-is, with the seller making no repairs. Plans, renderings, architectural drawings and permit documentation for a proposed custom home are available upon request. Bring your own builder or explore the existing design materials and begin planning your new home in one of downtown Carmel's most desirable locations. Renderings depict a proposed residence for illustrative purposes only; new construction is not included in the list price.

Active

  • Price
  • $ 615,000
  • City
  • Carmel
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HAMILTON
  • Half Bathrooms
  • 0
  • Area
  • Clay
  • Lot Size
  • 0.15 Acres
  • Zip
  • 46032
  • Sqr Footage
  • 1,984
  • Year Built
  • 1940
  • Taxes
  • $ 9608
  • Style
  • Traditional
  • MLS#
  • 22127211
Listed By: Alexander Kovacs with eXp Realty, LLC;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Baseboard
Cooling None
Possession Closing
Appliances Gas Cooktop,Dishwasher,Dryer,Disposal,Gas Water Heater,Microwave,Gas Oven,Washer
Architectural Style Traditional
Construction Materials Vinyl Siding
Year Built 1940
Township Clay
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Hamilton
New Construction No
Property Type Residential
HOA No
Subdivision Name Carmel Arts District
Garage Y/N No
Total Rooms 7
Full Baths 2
Status Active
High School Carmel High School
City Carmel
High School District Carmel Clay Schools
MLS Area 2910 - Hamilton - Clay
Lot Size Square Feet 6534
Property Attached Y/N No
Standard Status Active
Tax Lot 290925121007000018
Legal Description Acreage .15,Section 25,Township 18,Range 3

Interior Features

Interior Amenities Hi-Speed Internet Availbl
Basement (Y/N) No
Total Bedrooms 3
Main Level Bedrooms 1
LivingAreaSource Assessor
Total Baths 2

Exterior Features

Water Source Public
Foundation Details Crawl Space
Building Area Total 1984
Lot Size Acres 0.15
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Lafayette, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Carmel High School

Price History

9/21/2026 Listed $615,000

Property vs Zip Code Average in 46032

Price
AVG $1.23M
$620K
Taxes
AVG $8,489
$9,608
Year Built
AVG 1990
1940

120 3rd Street Nw Carmel, IN is a Single Family Home for sale at $615000 with 1984 sqft and a lot size of 0.15 Acres Acre(s). 120 3rd Street Nw Carmel has 3 bedrooms, 2 baths and was built in 1940. The property's zip code is 46032 which is in Carmel, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.