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$275,000 -

516 N Dearborn Street Indianapolis IN 46201

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.1
Acres

Fully rented duplex investment opportunity! This updated duplex features two spacious 3-bedroom, 1-bathroom units, each thoughtfully upgraded for modern living. Both units boast renovated kitchens and bathrooms, luxury vinyl plank (LVP) flooring, and new furnaces. Tenants appreciate the private yards and off-street parking. This property is an income generator with long-term tenants already in place. Unit 516 is currently rented at $1,100 per month through 11/30/2025, while Unit 518 brings in $1,250 per month through 08/30/2025-providing a combined monthly rental income of $2,350. Whether you're a seasoned investor or just starting your portfolio, this duplex offers immediate cash flow and peace of mind with quality upgrades throughout. Don't miss your chance to own this ready-to-go property!

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Property Details

Price: $275,000 Previously: $275,000 Originally: $275,000 Bathrooms: 0.00 MLS #: 22032011 Year Built: 1900 Township: Center Type: Residential Income Zip Code: 46201 City: Indianapolis Subdivision: Englewood County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Cooling: None
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • # Acres: 0.10

Listing Office: Berkley & State, Llc

Office Contact: morgan@berkleyandstate.com

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Listing information last updated on April 30th, 2025 at 2:01pm EDT.

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