516 N Dearborn Street, Indianapolis, IN 46201

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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!

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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