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!
Active
$275,000
516 N Dearborn St, Indianapolis, IN 46201
6beds
2baths
--sqft
Est.:
Multi Family, Duplex
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Off-street parkingNew furnacesPrivate yardsRenovated kitchens
- 14 days
- on Zillow |
- 456 |
- 51 |
Zillow last checked: 7 hours ago
Listing updated: April 20, 2025 at 03:34pm
Listing Provided by:
Morgan Thompson morgan@berkleyandstate.com,
Berkley & State, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22032011

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Forced Air
Cooling
- None
Features
- Basement: Unfinished
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,356 Square Feet
Details
- Parcel number: 491005139008000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Community & HOA
Community
- Subdivision: Englewood
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $134,300
- Annual tax amount: $1,360
- Date on market: 4/12/2025
- Tenant pays: All Utilities
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