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  • $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

    List your home for rent

    $1,259/mo

    Rent Zestimate®

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    $1,259/mo

    Rent Zestimate®

    Refinance and save

    $114/mo

    Est. payment

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    $114/mo

    Est. payment

    What's special

    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!

    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#: 22037053MLS Logo

    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