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Listed by Morgan Thompson • Berkley & State, LLC
$ 275,000
Est. payment /mo
Active
516 N Dearborn ST Indianapolis, IN 46201
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Englewood
MLS Listing ID 22032011
Year Built 1900
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Duplex
Property Description
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!
Location
State IN
County Marion
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace N
Exterior
View Y/N false
Roof Type Shingle
Building
Story Two
New Construction false
Schools
School District Indianapolis Public Schools
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