516 N Dearborn Street Indianapolis, IN 46201

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Mike Thomas Associates
9601 Coldwater Road
Fort Wayne, IN 46825
(260) 489-2000
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Duplex • 125Y Old

$275,000

516 N Dearborn Street

0.10 Acres
Property Description

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!

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Property
MLS # 22032011
Date Listed 2025-04-10
Status Active
Property Type Multi-Family/Apartments
Property SubType Duplex
New Construction No
Type Duplex
Basement Unfinished
Year Taxes Payable 2024
Year Built 1900
Days on Market 33
Additional
Cooling None
Heating Forced Air, Natural Gas
External Features
Construction Duplex
Lot Size 4,400 sq ft
Acreage 0.10 Acres
Fence None
Location
Area Marion
County Marion
Subdivision Englewood
Township Center
City Indianapolis
State IN
Zip 46201
Schools
School District Indianapolis Public Schools
Financial
Assoc. Dues $0.00
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MLS# 22032011
Listing Provided Courtesy of Morgan Thompson
Berkley & State, LLC
morgan@berkleyandstate.com

Listing updated April 20, 2025 at 5:42 pm
Last checked 14 minutes ago

IDX information provided by the MIBOR REALTOR® Association. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Learn More About 516 N Dearborn Street

Presented By
Mike Thomas Associates
9601 Coldwater Road
Fort Wayne, IN 46825
(260) 489-2000
Email
Agent to Contact

By clicking "Message Agent", you agree to be contacted by Sarah Hubley about your request. Please see our Privacy Policy.