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  • $180,000

    1657 S Delaware St, Indianapolis, IN 46225

    4beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1967
    -- sqft lot
    $180,100 Zestimate®
    $--/sqft
    $992 Estimated rent

    What's special

    Welcome to 1657-1659 S Delaware St, a fully equipped duplex located in the rapidly revitalizing Old Southside neighborhood-just minutes from downtown Indianapolis and within walking distance to Lucas Oil Stadium. Surrounded by new development and investment, this area is a hotspot for short-term, mid-term, and long-term rental strategies, making it a strong choice for both investors and owner-occupants alike. Each unit offers 2 bedrooms, 1 bathroom, and 636 sq ft of well-laid-out living space. One unit is currently rented at $800/month with a lease in place through 9/30/25, and the other unit is vacant, recently turned, and move-in or rent ready. For savvy investors, there's opportunity to significantly boost ROI by converting the occupied unit to Section 8, where 2-bedroom voucher rates are much higher. The property is professionally managed by the Wilmoth Group and includes stackable washer/dryers and full kitchen appliance packages in both units-all of which are included in the sale. All utilities are separately metered and paid by the tenants. Whether you're looking to live in one side and rent the other, or expand your portfolio with a cash-flowing asset in a growth corridor, this turnkey duplex checks all the boxes. Don't miss your chance-schedule a showing today!

    Zillow last checked: 7 hours ago

    Listing updated: July 29, 2025 at 04:49pm

    Listing Provided by:

    Peter Stewart 317-450-9202,

    Keller Williams Indpls Metro N

    Bought with:

    Trent Kiester

    @properties

    Source: MIBOR as distributed by MLS GRID,MLS#: 22020882MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Main level bathrooms: 4
    Heating
    • Forced Air
    Cooling
    • None
    Appliances
    • Laundry: Connections All

    Property

    Parking
    • Parking features: Alley Access
    • Details: Unit Parking(Unpaved)
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 3,049 sqft
    • Features: Access
    Details
    • Parcel number: 491113144040000101
    • Zoning: residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family, Duplex
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    • Foundation: Block
    Condition
    • New construction: No
    • Year built: 1967

    Community & neighborhood

    Security
    • Security features: Smoke Alarm
    Location
    • Region: Indianapolis
    • Subdivision: Fennemans
    Services availability
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    Estimated market value

    $180,100