516 N Dearborn Street, Indianapolis, IN 46201
Local realty services provided by:Schuler Bauer Real Estate ERA Powered



516 N Dearborn Street,Indianapolis, IN 46201
$269,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:morgan thompson
Office:berkley & state, llc.
MLS#:22032011
Source:IN_MIBOR
Price summary
- Price:$269,000
About this home
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!
Contact an agent
Home facts
- Year built:1900
- Listing Id #:22032011
- Added:123 day(s) ago
- Updated:July 16, 2025 at 12:38 PM
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Shingle
- Year built:1900
- Lot area:0.1 Acres
Finances and disclosures
- Price:$269,000
New listings near 516 N Dearborn Street
- New$229,000Active3 beds 1 baths1,233 sq. ft.
1335 N Linwood Avenue, Indianapolis, IN 46201
MLS# 22055900Listed by: NEW QUANTUM REALTY GROUP - New$369,500Active3 beds 2 baths1,275 sq. ft.
10409 Barmore Avenue, Indianapolis, IN 46280
MLS# 22056446Listed by: CENTURY 21 SCHEETZ - New$79,000Active2 beds 1 baths776 sq. ft.
2740 E 37th Street, Indianapolis, IN 46218
MLS# 22056662Listed by: EVERHART STUDIO, LTD. - New$79,000Active2 beds 1 baths696 sq. ft.
3719 Kinnear Avenue, Indianapolis, IN 46218
MLS# 22056663Listed by: EVERHART STUDIO, LTD. - New$150,000Active3 beds 2 baths1,082 sq. ft.
2740 N Rural Street, Indianapolis, IN 46218
MLS# 22056665Listed by: EVERHART STUDIO, LTD. - New$140,000Active4 beds 2 baths1,296 sq. ft.
2005 N Bancroft Street, Indianapolis, IN 46218
MLS# 22056666Listed by: EVERHART STUDIO, LTD. - New$199,000Active4 beds 1 baths2,072 sq. ft.
2545 Broadway Street, Indianapolis, IN 46205
MLS# 22056694Listed by: @PROPERTIES - New$135,000Active3 beds 1 baths1,500 sq. ft.
1301 W 34th Street, Indianapolis, IN 46208
MLS# 22056830Listed by: BLK KEY REALTY - New$309,900Active3 beds 2 baths1,545 sq. ft.
7515 Davis Lane, Indianapolis, IN 46236
MLS# 22052912Listed by: F.C. TUCKER COMPANY - New$590,000Active4 beds 4 baths3,818 sq. ft.
7474 Oakland Hills Drive, Indianapolis, IN 46236
MLS# 22055624Listed by: KELLER WILLIAMS INDY METRO S