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Listed by Peter Stewart • Keller Williams Indpls Metro N
$285,000
Est. payment /mo
3,484 Sqft Lot
New
1754 S Delaware ST Indianapolis, IN 46225
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22079735
Year Built 1910
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Duplex
Property Description
Maximize your portfolio with this turnkey duplex in the heart of Indianapolis' rapidly revitalizing Old Southside neighborhood. Located just south of Lucas Oil Stadium, 1754-1756 S Delaware St offers the perfect blend of modern infrastructure and a prime location. This area is a hotspot for investors and house hackers alike, surrounded by new builds and high-end remodels. You are minutes from Gainbridge Fieldhouse, the Convention Center, and major employers like Eli Lilly and Salesforce, making this an ideal location for long-term, mid-term, or short-term rental strategies. Each side-by-side unit features a mirror-image layout with 3 bedrooms and 2 full bathrooms. The interiors boast an open-concept flow with high ceilings, recessed lighting, and stackable in-unit laundry. The functional floor plan provides one bedroom and a full bath on the main level, with two additional bedrooms and a second full bath upstairs. Both units include unfinished basements for ample storage and private, fenced backyards. Completely remodeled within the last five years, the property features a newer roof, HVAC, electrical, plumbing, and stylish finishes throughout. Unit 1754 is tenant-occupied through 4/30/26 at $1,499/mo plus an $85 water fee and $25 pet fee. Unit 1756 is vacant and rent-ready. When fully occupied, this property is projected to exceed the coveted 1% rule, offering a low-overhead, high-performing asset with separate electric meters and a tenant-reimbursed water structure. Don't miss out on this rare find in Indy's most sought-after corridor!
Location
State IN
County Marion
Zoning ZO01
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
View Y/N false
Roof Type Asphalt
Building
Story One and One Half
Architectural Style Traditional
New Construction false
Schools
School District Indianapolis Public Schools
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