About This Home

This 3-bedroom, 2-bathroom single family at 120 3rd Street NW in Carmel, IN is listed for $615,000 ($310 per sqft). Built in 1940, the home offers 1,984 sqft of living space on a 0.15 acres lot.

Key Features

  • Built in 1940
  • 0.15 acre lot
  • 2 stories

Property Details

2 stories
2 full
1940
Listing Description

Rare redevelopment opportunity in the heart of downtown Carmel! Create a custom luxury residence just moments from the Carmel Arts & Design District, Main Street, Midtown Plaza, the Monon Trail, local restaurants, coffee shops, concerts and year-round community events.

This 0.15-acre property offers the increasingly rare combination of an established neighborhood setting and walkable access to some of Carmel's most popular destinations. Surrounded by impressive new construction and ongoing redevelopment, the property is being marketed primarily for its land value and future potential.

Bring your own builder and vision, or use the available conceptual plans, renderings and architectural drawings as a starting point for a substantial two-story residence with a basement and attached garage. Few opportunities offer this level of flexibility in such a highly sought-after downtown location. Renderings depict a proposed residence for illustrative purposes only; new construction is not included in the list price.

Monthly Cost Estimate

$3,289/mo

20% down · 6.5% · 30 years

Principal$445
Interest$2,665
Insurance$179

Estimates only. Actual payments may vary.

Location

120 3rd Street NW

Carmel, IN 46032

Carmel Arts District

Features & Amenities

Interior Features

Hi-Speed Internet Availbl

Property Details

Construction

Vinyl Siding

Heating

Baseboard

Appliances

Gas CooktopDishwasherDryerDisposalGas Water HeaterMicrowaveGas OvenWasher

Questions & Answers

This 3-bedroom, 2-bathroom single family at 120 3rd Street NW is listed at $615,000 ($310/sqft). The estimated monthly payment is $3,289 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 0.15 acre lot, 2 stories. Interior Features: Hi-Speed Internet Availbl.

This property is listed by Alexander Kovacs and can be reached at (812) 734-6048.

AK

Alexander Kovacs

Agent at eXp Realty

(812) 734-6048
Agent website

Listed by eXp Realty · Broker phone: (812) 734-6048 · View on Broker Site · Broker website

MLS# 22127211· Source: Broker Listing Cooperative®· 13 days on PropertySimple

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

120 3rd Street NW, Carmel, IN 46032

Open this listing in: