Indianapolis, IN 46201,516 N Dearborn ST
Indianapolis, IN 46201,516 N Dearborn ST
Indianapolis, IN 46201,516 N Dearborn ST
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Listed by Morgan Thompson • Berkley & State, LLC
$269,000
Est. payment /mo
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4,356 Sqft Lot
Active

516 N Dearborn ST Indianapolis, IN 46201

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Englewood

MLS Listing ID 22032011

Year Built 1900

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Duplex

Property Description

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 $1,275 per month through 08/01/26 -providing a combined monthly rental income of $2,375. 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!

Location

State IN

County Marion

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling None

Fireplace N

Exterior

View Y/N false

Roof Type Shingle

Building

Story Two

New Construction false

Schools

School District Indianapolis Public Schools


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516 N Dearborn ST