516 N Dearborn Street
Indianapolis, IN 46201
- – beds
- – baths
- – sqft
- 4,400 sqft lot
- 1900 build
Fully rented duplex investment opportunity! This updated duplex features two spacious 3-bedroom, 1-bathroom units, each thoughtfully upgraded for modern living. Both units boast renovated kitchens and bathrooms, luxury vinyl plank (LVP) flooring, and new furnaces. Tenants appreciate the private yards and off-street parking. This property is an income generator with long-term tenants already in place. Unit 516 is currently rented at $1,100 per month through 11/30/2025, while Unit 518 brings in $1,250 per month through 08/30/2025-providing a combined monthly rental income of $2,350. Whether you're a seasoned investor or just starting your portfolio, this duplex offers immediate cash flow and peace of mind with quality upgrades throughout. Don't miss your chance to own this ready-to-go property! To limit the disruptions, the units are being shown on MONDAY, 04/14 from 4:00-6:00pm. Stop by anytime during that showing window.
Last checked:
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Last updated Apr 13, 2025
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MLS# 22032011 —
The Building
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Year Built:1900
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New Construction:false
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Levels:Two
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Roof:Shingle
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Basement:true
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Basement:Unfinished
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Green Certification:No
Location
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Directions:GPS Friendly
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Latitude:39.77507
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Longitude:-86.110939
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:491005139008000101
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Acres:<1/4 Acre
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Lot Size Acres:0.1
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Lot Size SqFt:4,400 Sqft
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Price Per Acre:2750000
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View:false
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Waterfront:false
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Current Use:See Remarks
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Road Access:Frontage Road
Listing Agent
- Contact info:
- Agent phone:
- (270) 300-8509
- Office phone:
- (260) 385-8550
Taxes
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Tax Lot:1060755
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Tax Year:2024
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Semi Annual Property Tax Amt:680
Heating & Cooling
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Heating:Forced Air, Natural Gas
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Cooling:None
Utilities
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Englewood
Parking
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Parking Features:None
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/12/25
Apr 12, 2025
|
Listed / Active | MIBOR | $275,000 |
