Incredible opportunity to build in the heart of the rapidly revitalizing Old Southside neighborhood! Located at 1649 S Delaware St, this flat, grassy .07-acre lot offers both road frontage and rear alley access, making it an ideal setup for new construction. Whether you're an investor seeking your next development play or a future homeowner looking to build your dream house, this location delivers. Surrounded by new builds and beautifully renovated homes, this area sits just south of downtown Indianapolis and has become a hot spot for a variety of investment strategies-including build-and-sell flips, or short, mid, and long-term rentals. The lot's prime proximity to downtown makes it especially appealing for furnished mid-term or short-term rental use. Owner-occupants will love the chance to build a custom home in a walkable, growing neighborhood. Plus, the home directly to the south is also for sale (1653 S Delaware - different owner), presenting a unique opportunity to combine both parcels-ideal for a large yard, second build, or side-by-side rentals. Don't miss your chance to be part of the continued growth in one of Indy's most promising urban neighborhoods. Drive by today and imagine the possibilities!
Sold
$23,000
1649 S Delaware St, Indianapolis, IN 46225
--beds
--baths
3,049.2Square Feet
Unimproved Land, Residential Lots
Built in ----
3,049.2 Square Feet Lot
$-- Zestimate®
$--/sqft
$1,259 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 19, 2025 at 10:41am
Listing Provided by:
Peter Stewart 317-450-9202,
Keller Williams Indpls Metro N
Bought with:
Edward Neu
Neu Real Estate Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22037053
Facts & features
Property
Lot
- Size: 3,049 sqft
- Features: City Lot, Sidewalks, City, Rectangle
- Topography: Cleared
Details
- Additional structures: None
- Parcel number: 491113144042000101
- Zoning: Residential
- Zoning description: Single Family
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water Near By
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Fennemans
Other
Other facts
- Road surface type: Asphalt