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Listed by Peter Stewart • Keller Williams Indpls Metro N
$ 189,000
Est. payment /mo
New
1657 S Delaware ST Indianapolis, IN 46225
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Fennemans
MLS Listing ID 22020882
Year Built 1967
Tax Year 2023
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Duplex
Property Description
Welcome to 1657-1659 S Delaware St, a fully equipped duplex located in the rapidly revitalizing Old Southside neighborhood-just minutes from downtown Indianapolis and within walking distance to Lucas Oil Stadium. Surrounded by new development and investment, this area is a hotspot for short-term, mid-term, and long-term rental strategies, making it a strong choice for both investors and owner-occupants alike. Each unit offers 2 bedrooms, 1 bathroom, and 636 sq ft of well-laid-out living space. One unit is currently rented at $800/month with a lease in place through 9/30/25, and the other unit is vacant, recently turned, and move-in or rent ready. For savvy investors, there's opportunity to significantly boost ROI by converting the occupied unit to Section 8, where 2-bedroom voucher rates are much higher. The property is professionally managed by the Wilmoth Group and includes stackable washer/dryers and full kitchen appliance packages in both units-all of which are included in the sale. Gas and electricity are separately metered, while water is on one meter and paid by the owner. Whether you're looking to live in one side and rent the other, or expand your portfolio with a cash-flowing asset in a growth corridor, this turnkey duplex checks all the boxes. Don't miss your chance-schedule a showing today!
Location
State IN
County Marion
Zoning residential
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
View Y/N false
Building
Story One
Foundation Block
Architectural Style Ranch
Structure Type Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
Others
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