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!
Active
$34,000
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
$-- HOA
What's special
- 94 days
- on Zillow |
- 31 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: May 31, 2025 at 07:58am
Listing Provided by:
Peter Stewart peter@peterstewartrealty.com,
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22037053

Travel times
Facts & features
Property
Lot
- Size: 3,049.2 Square Feet
- 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
- Sewer: Municipal Sewer Near
- Water: Municipal Water Near By
Community & HOA
Community
- Subdivision: Fennemans
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $6,300
- Annual tax amount: $148
- Date on market: 5/7/2025
- Road surface type: Asphalt
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