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Listed by Jacob Deacon • eXp Realty, LLC
$225,000
Est. payment /mo
4,356 Sqft Lot
Pending
943 N Dearborn ST Indianapolis, IN 46201
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision Aetna Rlty Co Assn
MLS Listing ID 22054282
Year Built 1910
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Duplex
Property Description
This fully remodeled duplex at 941-943 North Dearborn presents a strong investment opportunity in a desirable and growing area of Indianapolis. Each side of the property features 3 bedrooms and 1.5 bathrooms, making it ideal for long-term tenants or an owner-occupant. The 941 unit is currently leased at $1,500 per month through August 2026, providing immediate, stable rental income. The 943 unit is vacant and move-in ready, offering flexibility for additional rental income or personal use. If rented at the same $1,500 rate, the property would generate $3,000 in monthly income-exceeding the 1% rule and delivering strong cash flow. The property has been recently renovated throughout. Still could use certain TLC, subject to where you'd want the finishes. Its location offers convenient access to downtown, major roadways, local parks, and schools. With solid income potential and updated finishes, this is a turnkey asset for any investor looking to build long-term wealth. All utilities are separate.
Location
State IN
County Marion
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None, Window Unit(s)
Fireplace N
Exterior
View Y/N true
View Trees/Woods, Neighborhood
Roof Type Metal
Building
Story Two
Foundation Block
Structure Type Wood Siding,Brick
New Construction false
Schools
School District Indianapolis Public Schools
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