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516 N Dearborn Street

Indianapolis, IN 46201 (MLS #MBR22032011)
$275,000

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… Read MoreRead Less
Courtesy of Berkley & State, LLC.
Days Online
52
Last Updated
Property Type
Duplex
Lot Size
0.1 Acres
Year Built
1900
MLS Number
MBR22032011
Basement
Description: "Unfinished"
Building
Levels: "Two", Year Built: 1900
Cooling
Details: "None"
Garage
Garage Spaces: 0
Heating
Heating: "Forced Air", "Natural Gas"
Lot
Acres: 0.1, MLS Acres: <1/4 Acre
Roof
Description: "Shingle"

Area snapshot

30 Days Snapshot Of 46201
$233k
(avg) sold price
+12%
44
homes sold
-6%
103
(avg) days on market
-1%
Nearby Schools
*Please check the school district website to see all schools in this area
Center For Inquiry School 2
Public
KG-8
IPS Butler University Laboratory School 55
Public
PK-8
Shortridge High School
Public
9-12
George Washington High School
Public
9-12
Snapshot
Area Map

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Monthly Payment
$0

The above figures are estimates and are not endorsed or certified. Check with your lender for actual interest rates.

Listing Information © Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.

Information Deemed Reliable But Not Guaranteed.

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