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  • $275,000

    516 N Dearborn St, Indianapolis, IN 46201

    6beds
    2baths
    --sqft
    : 
    Multi Family, Duplex
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Off-street parkingNew furnacesPrivate yardsRenovated kitchens
    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!
    14 days
    on Zillow
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    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#: 22032011MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 516 N Dearborn St.

    Next available tour time:Tomorrow at 11am

    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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